The DeFi ecosystem continues to grow, with tokenized equities surpassing $1 billion in on-chain value. This milestone is primarily driven by platforms like Ondo and xStocks, which now control over 80% of the market.
The U.S. SEC has issued formal definitions regarding which crypto assets qualify as securities, providing long-sought regulatory clarity for digital asset issuers. This development could fundamentally shift compliance requirements for these issuers in the U.S.
Other notable events include the Ethereum Foundation's new mandate, which positions it as a 'neutral steward' rather than a centralized authority. Moody's is integrating its credit assessments on-chain via the Canton Network, increasing transparency for institutional real-world asset (RWA) protocols.