tZERO Newsletter 10.24.2025
The United Kingdom’s Financial Conduct Authority (FCA) revealed a roadmap to help asset managers adopt blockchain technology for fund tokenization. According to the FCA, tokenized products can increase competition, reduce costs and broaden investment access, particularly to private markets and infrastructure. By digitizing fund operations, asset managers could also lower reconciliation and data-sharing costs.
BlackRock CEO: The scale of cryptocurrency wallets exceeds $4 trillion, and “asset tokenization” is the next “financial revolution.”
Larry Fink, the CEO of the world’s largest asset management company BlackRock, has positioned “asset tokenization” as the next revolution in financial markets, aiming to “put all traditional financial assets into digital wallets.”
Eric Trump Teases Tokenized Property Plan as SEC’s Atkins Declares Tokenization ‘Job One’
Eric Trump has provided more details about World Liberty Financial’s plans to tokenize ownership of Trump Organization properties, aligning the company with a growing trend in blockchain-based real estate investment. The comments come as the U.S. Securities and Exchange Commission’s Chairman Paul Atkins declared tokenization the agency’s top priority under its new “Project Crypto” initiative.
RWA Weekly: Tokenization Becomes SEC’s “Top Priority”
The RWA market is rapidly concentrating, with the total on-chain market capitalization reaching $33.98 billion. Stablecoin transfer volume has rebounded to $3.87 trillion. Regulatory breakthroughs are underway in multiple countries, with institutions like CMB International and BlackRock continuing to list money market funds on-chain, and tokenized trading platforms are emerging.
Ondo Urges SEC to Halt Nasdaq’s Tokenization Plan Amid Transparency Concerns
Ondo Finance, a blockchain company focused on tokenizing traditional financial assets, has called on the SEC to pause Nasdaq’s tokenization initiative. The company argues that regulators and investors cannot fully evaluate the plan without public details on how the Depository Trust Company (DTC) — the primary depository for U.S. securities will manage blockchain settlement.
Florida Proposes Bill to Invest in Digital Assets
According to Cointelegraph, a revised bill has been introduced in the Florida House to permit the state to invest in digital assets, including Bitcoin and crypto ETFs. This follows the withdrawal of an earlier proposal by the operations subcommittee in June. The new legislation, known as Florida House Bill 183, was presented by lawmaker Webster Barnaby.
The internet just had another global outage. Why does this keep happening?
Amazon Web Services (AWS), the cloud computing platform that powers much of the internet, went down for several hours Monday, making several major websites and apps inoperable. From banking services to social networks to airline booking sites to online shopping, thousands of services were disrupted as millions of people worldwide – many of whom were on their way to work on the US East Coast – were unable to mobile-order coffee or access key apps.
New York City mayoral candidate and former New York Gov. Andrew Cuomo announced Sunday that if elected his administration will install a chief innovation officer to lead the adoption of artificial intelligence and blockchain technologies across city agencies. Cuomo, who is running as an independent candidate for mayor against Zohran Mamdani, a Democrat, and Curtis Sliwa, a Republican, said the new position would help “ensure New York City remains the global leader in business, technology, and job creation.
Larry Fink, the CEO of the world’s largest asset management company BlackRock, has positioned “asset tokenization” as the next revolution in financial markets, aiming to “put all traditional financial assets into digital wallets.” Fink’s vision is to bridge the gap between traditional capital markets and a new generation of tech-savvy investors by tokenizing traditional investment tools such as exchange-traded funds (ETFs).