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LATEST: ⚡ SEC Chair Paul Atkins says digital commodities, stablecoins, digital tools and collectibles are all not securities.

🚨 BREAKING: Banks just REVEALED where crypto's REAL ENDGAME is! 🔥 Caitlin Long, CEO of Custodia Bank, says the REAL PRIZE isn't today's $313 BILLION in Stablecoins — it's the $5.7 TRILLION in U.S Demand Deposits that are about to be turned into "Tokenized Bank Deposits" 🏦

FATF just published a targeted report on stablecoins and unhosted wallets. 84% of all illicit crypto volume now runs through stablecoins. And the proposed fix is: monitor everything. 🧵

Another week in RWAs, and the signals are no longer isolated. This was an infrastructure week - settlement, commodities, and currency rails all moving at once. Three developments immediately stood out: • UAE approves first Dirham-backed stablecoin (DDSC) • Tokenized commodities reach $6.93B market size • @solana RWA ecosystem grows 90% to $1.66B That’s not adoption news, that’s financial plumbing being selected. Here’s what shaped the RWA and institutional landscape this week: 1️⃣ Stablecoins are becoming sovereign financial rails • Malaysia preparing national stablecoin pilot • @stripe enables machine-to-machine payments using USDC • White House continues structured stablecoin policy discussions • Banks increasingly favor tokenized deposits alongside stablecoins • Multiple countries exploring currency-backed onchain settlement Stablecoins are no longer competing with banks. They’re becoming the format money moves in. 2️⃣ Tokenization is entering regulated capital markets • @BlackRock explores tokenized ETFs • @FTI_US launches tokenized fund collateral program • @HSBC selected for blockchain-based digital bond issuance • @Cayman_Islands prepares tokenized fund regulations • OpenAgent launches SEC-registered transfer agent for tokenized assets Tokenization is moving from products → securities infrastructure. 3️⃣ Commodities and collateral lead real adoption • Tokenized commodities market hits $6.93B • Tokenized gold settlement expands across multiple networks • Real-time collateral settlement systems tested globally • Institutional lending platforms launching onchain vaults Institutions adopt what settles first, not what trades first. 4️⃣ Markets are shifting to continuous operation • @chainlink powering real-time pricing for tokenized stocks • @bankofengland SWIFT testing tokenized settlement rails • @RobinhoodApp testing tokenized asset environments • Global trading platforms preparing 24/7 market access Finance isn’t just digitizing assets, it’s removing closing hours. 5️⃣ Regulation is aligning with integration • Countries building classification frameworks instead of bans • Central banks discussing stablecoin monetary impact • Cross-border regulatory cooperation increasing The conversation changed from permission → implementation. This week reinforced a clear structure: i. Stablecoins scale settlement ii. Tokenization scales assets iii. Continuous markets scale liquidity When these converge, finance stops migrating, and simply updates itself. RWAs are no longer trying to enter the financial system. The financial system is redesigning around them. If you’re building, investing, or tracking real capital movement, this phase matters more than any bull cycle. I break these shifts down weekly, follow @_mikepreneur for more RWA weekly insight. Also tell me, what signal did you notice this week? 👇

The SEC just dropped guidance that cuts the broker-dealer haircut on stablecoins from 100% to 2%. That means stablecoins are now treated like money market funds on a firm’s balance sheet. This is a big deal and here’s why. 1/3 🧵👇🏾