Onchain gold products added billions in new value last year, outpacing physical bullion and most gold ETFs as trading activity increasingly shifted to blockchain rails. Onchain gold products added billions in new value last year, growing faster than the overall gold market and most major spot gold exchange-traded funds (ETFs) as onchain trading activity accelerated. The market capitalization of tokenized gold jumped 177% over the past year, while the number of holders nearly tripled, with more than 115,000 new wallets added during the year, outpacing most other RWA categories, according to data compiled by Cex.io from public blockchain and market sources. The tokenized gold market added close to $2.8 billion in net value in 2025, expanding from about $1.6 billion to $4.4 billion, per the report. That increase alone represented almost 25% of total net inflows across the RWA sector, exceeding the combined growth seen in tokenized stocks, corporate bonds and non-US Treasurys. Read more
Bankinter joins Tether and BBVA in the $35 million investment round after the Spanish crypto exchange received its MiCA license in 2025. Spanish bank Bankinter has taken a minority stake in Spanish cryptocurrency exchange Bit2Me, joining stablecoin issuer Tether and other investors as traditional banks deepen their ties to the digital asset industry. The investment, announced Wednesday, makes Bankinter the latest large financial institution to back Bit2Me following the exchange’s 30 million euro ($34.9 million) funding round announced in August. That round included Tether and Spain’s BBVA, and was aimed at supporting Bit2Me’s expansion across Spain and the wider European Union. The scope of the investments is to “achieve technological and knowledge synergies,” while supporting Bit2Me's fintech expansion throughout Spain and the European Union, Bankinter said. Read more
Perp DEXs handle only a fraction of the trading activity seen in TradFi investments, but their infrastructure is catching up to the slow and fragmented centralized trading venues. Perpetual decentralized exchanges (DEXs) are gaining traction as traders turn to blockchain-based platforms that promise lower costs and fewer intermediaries than traditional centralized venues. Perp DEXs are blockchain-based venues for trading perpetual futures contracts, allowing traders to bet on the underlying asset's price with leverage and without an expiry date. Crypto research firm Delphi Digital said in its outlook for 2026 that perp DEXs are poised to continue taking market share from traditional finance products. It argued that decentralized infrastructure is structurally more efficient than legacy systems, which it described as fragmented and expensive to operate. Read more
Backpack exchange launched an invite-only beta for its Unified Prediction Portfolio, letting users hedge and trade across markets in a single crypto account. Backpack, a cryptocurrency exchange founded by former employees of Alameda Research and the defunct FTX, is entering prediction markets with an ambitious plan to unify balances from different types of trading. The exchange has launched private beta testing for its new platform, called the Unified Prediction Portfolio, Backpack CEO Armani Ferrante said in a post on X on Tuesday. “This isn’t yet another wrapper over Kalshi, Polymarket, or any other prediction market platform,” Ferrante wrote, describing the forthcoming market as a “native system with everything tokenized and risk profiled, together.” Read more
Visa has chosen BVNK to power Visa Direct pilots using stablecoins, enabling pre-funded cross-border payouts to wallets in select markets. Visa has chosen United Kingdom‑based stablecoin infrastructure provider BVNK to power new Visa Direct pilots, allowing some business customers to pre‑fund cross‑border payouts in stablecoins and deliver digital US dollars directly to recipients’ wallets in select markets. The partnership, announced Wednesday, builds on Visa’s earlier stablecoin experiments, including onchain settlement tests with USDC on networks like Ethereum and Solana. The move follows a strategic investment in BVNK in May 2025 through its Visa Ventures arm, as card schemes race to embed tokenized dollars into their treasury and payout rails. Read more
Bitcoin held near yearly highs as traders weighed geopolitical risks and a potential US Supreme Court tariff ruling that markets appear to have already priced in. Bitcoin (BTC) consolidated around $95,000 toward Wednesday’s Wall Street open as analysis dismissed macroeconomic threats. While geopolitical risks and US trade policy uncertainty remain in focus, traders appeared more influenced by liquidity conditions and relative asset performance, with Bitcoin lagging gold and equities before reclaiming $95,000. Key points: Read more