The journal

Follow the movement, not the noise.

Dated, sourced and organised reporting that separates announcements from meaningful change.

23 publications
  1. 01Generated editorial illustration of a suspended bundle of paper, plaster, resin and aluminium, extended by four tabs and weighted by a small coral stone.18 August 2026 · 18:17 · RWA · 90 secSecuritize launches HINC on four blockchains — with no fund AUM disclosedSecuritize launched HINC on August 18, a Neuberger-subadvised fund investing mainly in high-yield bonds, plus CLOs and leveraged loans. Its tokenized interests are being offered across Avalanche, Ethereum, Solana and Sui. Access remains limited to eligible investors after regulatory onboarding.
  2. 02Generated illustration showing a deep sequence of ivory mineral slabs with different cut-out openings, lit by a small amber glass pane at the back.18 August 2026 · 13:24 · Web3 · 7 minEthereum weighs 66 Hegotá proposals — privacy is not guaranteedEthereum is filtering 66 Hegotá proposals. Frame Transactions could help private payments, but the specifications remain drafts.
  3. 03Generated illustration of two ivory plaster masses connected by a violet resin ribbon running through five irregular mineral relays; a frosted-glass panel conceals the central segment.18 August 2026 · 08:18 · Web3 · 7 minJeonbuk adopts Ripple Payments — without naming the settlement assetJeonbuk Bank is deploying Ripple Payments for cross-border transfers. XRP, RLUSD, corridors, pricing and volumes remain undisclosed.
  4. 04Generated oblique illustration of a long brushed-aluminium blade balanced on a pale stone, with unequal ivory-paper bundles at its ends and an off-centre coral slider.17 August 2026 · 18:22 · Stablecoins · 7 minU.S. Treasury draws GENIUS Act boundaries — the rule is not finalThe U.S. Treasury proposes where a stablecoin is issued and sold. It is a key GENIUS Act rulemaking, with 87 questions still open.
  5. 05Generated macro illustration of two small irregular ivory-paper packets, one almost enclosed by several translucent forest-green resin shells resting on a pale mineral base.17 August 2026 · 13:13 · Web3 · 7 minAlgorand approves v5.0.0 — post-quantum accounts still await activationAlgorand has cleared the v5.0.0 vote threshold. Falcon-1024 accounts, usage-based fees and AVM v13 still await network activation.
  6. 06Generated front-facing illustration of a broad pleated ivory paper sheet resting on small stone feet and crossed by one horizontal rail of cobalt glass and brushed aluminium.17 August 2026 · 08:38 · RWA · 7 minAFC raises CHF350m on SIX — the ‘largest’ digital-bond claim needs a caveatAFC raised CHF350m through a tokenized bond on SIX infrastructure. It is a regulated African first, but not the largest digital bond overall.
  7. 07Generated illustration of eleven ivory paper-and-plaster pendants suspended beneath a coral-resin crosspiece, casting crisp shadows on a pale backdrop.16 August 2026 · 18:18 · Web3 · 7 minStellar ships Protocol 28 software — mainnet has not voted yetStellar has shipped Protocol 28 software. Testnet and mainnet votes remain ahead, with changes for validators, data pipelines and Soroban contracts.
  8. 08Generated top-down illustration of two rows of ivory paper-and-plaster tiles interrupted by an empty violet rectangular imprint marked by two small metal registration pins.16 August 2026 · 13:16 · RWA · 7 minSEC cancels crypto meeting — its tokenization exemption remains unpublishedThe SEC cancelled its August 14 meeting without setting a new date. Its expected tokenized-securities exemption still has no public text or official timetable.
  9. 09Generated editorial illustration of a cobalt resin membrane held by three metal fasteners above an irregular ivory plaster relief, separated by an air gap and casting a matching blue shadow.15 August 2026 · 18:19 · RWA · 7 minCrypto.com launches 1,500 ‘tokenized stocks’ — without shareholder rightsCrypto.com now offers 1,500 tokenized exposures to US equities. They are OTC derivatives, with no ownership or shareholder rights.
  10. 10Generated editorial illustration of a low landscape made from irregular layers of ivory paper, held above a few metal spacers, with a forest-green ribbed strip descending into a dark fissure.15 August 2026 · 13:19 · RWA · 7 minSecuritize lifts tokenized flows to $5.3bn — while revenue fallsSecuritize reports $5.3bn in tokenized flows for Q2. Assets expanded, but revenue declined and operating costs rose sharply.
  11. 11Generated illustration of a deep ivory plaster channel crossed by successive aluminium plates, leading to a sealed, illuminated amber-resin reservoir.15 August 2026 · 08:27 · Stablecoins · 7 minWorld Liberty gets conditional approval — its bank cannot open yetThe OCC conditionally clears World Liberty’s future bank to take over USD1. Eleven pre-opening requirements still stand between approval and launch.
  12. 12Generated close-up of an ivory-plaster monolith cut diagonally to reveal paper layers, a violet-glass blade and two aluminium gauges.14 August 2026 · 18:16 · Stablecoins · 7 minTether gets a KPMG audit — but does not publish the reportKPMG confirms an unqualified opinion on Tether’s 2025 accounts. The report remains private, limiting independent review of the details.
  13. 13Top-down view of a generated still life with two ivory plaster-framed rectangular fields, the larger containing a network of blocks on a cobalt surface.13 August 2026 · 18:17 · Stablecoins · 7 minNigeria opens its sandbox to stablecoins — without granting a licenceThe CBN is admitting stablecoins, wallets and payment services to a sandbox with bounded live testing. Admission is not a licence.
  14. 14Generated illustration showing two diagonal sets of suspended ivory-paper, aluminium and clear-resin plates connected by a small coral bar.13 August 2026 · 13:14 · RWA · 7 minMUFG tests JGB repo on Canton — without replacing the legal registerMUFG is launching a Japanese government bond repo proof of concept on Canton. Tokenized deposits or stablecoins may settle trades, but no onchain market has launched.
  15. 15Generated still life showing a low ivory-plaster facade covered by an amber-resin membrane, with three small illuminated openings and round aluminium fasteners.13 August 2026 · 08:38 · Stablecoins · 7 minHKDAP goes live in Hong Kong — but remains institution-onlyHKDAP is live on Ethereum under a Hong Kong licence. Public access remains closed and the token’s initial on-chain activity is still tiny.
  16. 16Generated still life showing a field of small ivory plaster pillars, most standing on a long cracked ribbed green slab while a few remain separate on aluminium bases.12 August 2026 · 18:15 · Web3 · 7 minSolana neared its freeze threshold — without a recorded outageA routing fault took 28.83% of staked SOL offline without halting Solana. The episode exposes concentration at one network provider.
  17. 17Generated close-up still life showing a cobalt glass strip and a stack of ivory paper joined by a violet resin connector resting on small aluminium supports.12 August 2026 · 13:15 · Stablecoins · 7 minBank of England tests stablecoins with a digital pound — without real moneyThe Digital Pound Lab will simulate a payment where stablecoins and a digital pound share one flow. It is an interoperability test, not a public launch.
  18. 18Generated still life showing a deep zigzag channel cut through layers of ivory paper and plaster, crossed by small aluminium pieces and a single coral-resin accent.12 August 2026 · 08:20 · RWA · 7 minItaú joins ANBIMA’s tokenization pilot — without live moneyItaú and OpenAssets are testing tokenized securities in ANBIMA’s pilot. It is a concrete case, but still has no real investors, live money or proven efficiency.
  19. 19Generated still life with two suspended rectangular plates, one aluminium and one amber resin, set between three ivory mineral blocks against a pale background.11 August 2026 · 18:23 · RWA · 7 minCoinbase wins Abu Dhabi approval for tokenized share certificatesThe FSRA has cleared Coinbase to arrange and custody tokenized securities in Abu Dhabi. The first instrument is a certificate over shares, not a direct share.
  20. 20Overhead view of a generated still life where a ribbed forest-green paper strip is crossed by a cobalt resin ribbon that branches towards small ivory tiles.11 August 2026 · 13:23 · Stablecoins · 7 minDigital Garage launches a stablecoin layer for Japanese paymentsDigital Garage is commercialising DG SPS to connect stablecoins with payment networks. What the 1.3 million-location figure does — and does not — mean.
  21. 21Generated editorial illustration of an ivory diorama where aluminium plates follow a blue resin track beneath an incomplete white circular portal beside a single coral sphere.11 August 2026 · 08:23 · RWA · 7 minBroadridge says its DLT repo platform processed $8 trillion in JulyBroadridge says DLR processed $8tn of repo trades in July. What that flow measures, why it matters and what it does not prove.
  22. 22Architectural diorama on an ivory background with an incomplete white circular portal, one coral sphere, translucent violet and blue paths, a network of small metal pillars and a single forest-green relief.10 August 2026 · 08:00 · Stablecoins · 7 minArc promises open access while institutions control consensusCircle plans to launch Arc on September 16 with eleven institutions as validators. What the model opens, centralises and still has to prove.
  23. 23Diorama on an ivory background with a rough white wall crossed by an incomplete circular portal, a horizontal metal bar, a coral sphere in the opening, blue and violet rails and a small dark-green wedge.9 August 2026 · 08:00 · RWA · 7 minHSBC can settle digital securities in the UK — within limitsHSBC Orion can handle live digital securities in the UK sandbox. What the approval allows, where the limits sit and what remains unproven.