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FIN-04

Wall Street & RWA

Listed vehicles, tokenised assets and the plumbing between them.

Recent

  1. News briefEF-2026-0361

    Six banks and a tokenised deposit

    Canada's largest banks are jointly exploring a Canadian-dollar tokenised deposit system, after the regulator said such deposits are not legally distinct from ordinary ones.

    2 minSource: The Block

  2. News briefEF-2026-0360

    An S-4 goes effective ahead of a listing

    Evernorth's registration statement for its merger with the SPAC Armada is now effective, the procedural step before a Nasdaq listing.

    2 minSource: The Block

  3. News briefEF-2026-0359

    A treasury fund behind an exchange Earn tab

    Franklin Templeton's onchain government liquidity fund reaches Hong Kong professional investors through HashKey Exchange's Earn channel.

    $38.2B▲ +from $20.6Btokenised RWA, 23 Aug

    2 minSource: The Block

  4. Market briefEF-2026-0358

    Spot bitcoin ETFs post a two-day outflow

    The first back-to-back withdrawal since late July, and it arrived on a day when softer inflation lifted equities.

    $192M▼ −63,000two-day spot ETF outflow

    2 minSource: CoinDesk

  5. Market briefEF-2026-0357

    Tokenised treasuries pass $12B, and the holder base changed

    Growth stopped coming from crypto-native treasuries this year. That is the part worth reading.

    $12.4B▲ +18%tokenised treasury AUM

    8 min

  6. AnalysisEF-2026-0350

    Listed vehicle flows decoupled from price

    Creations continued through a drawdown, which had not happened before.

    $1.9B▼ −34%net flows, trailing month

    6 min

  7. Field reportEF-2026-0343

    Private credit tokenisation runs into servicing

    Issuance is straightforward. Collecting and enforcing is where the model strains.

    $4.1B▲ +9%tokenised private credit

    9 min

  8. Research noteEF-2026-0336

    The basis trade is crowded again

    Compressed spreads with elevated open interest is a familiar and uncomfortable combination.

    7.2%▼ −2.6ppannualised basis, three-month

    5 min