Top 10 networks by RWA value used in DeFi protocols: 1) @Ethereum: $1.87B 2) @Solana: $496.4M 3) @avax: $259.7M 4) @Plasma: $202.7M 5) @Mantle_Official: $90.6M 6) @Arbitrum: $48.7M 7) @base: $36.5M 8) @noble_xyz: $14.7M 9) @strato_net: $14.3M 10) @plumenetwork: $9.6M

Tokenized stocks on Ethereum have risen 117.3% this year to $623M Alongside it, the number of tokenized stock holders grew 58.7% this year to 34,600, indicating broader adoption rather than rising stock prices alone

Over the past few weeks we've spent time digging into the crypto neobank space to understand why the competition (and hype) is so high, and why teams are struggling to grow their business. On Friday, we released a primer on crypto neobanks that attempts to answer these questions. Key insights from the report 👇 1. What is a crypto neobank? Crypto neobanks are banking apps that offer services like cards, payments, and savings, but settle transactions on public blockchains using stablecoins. They allow for cheaper cross-boarder transactions, access to foreign markets, self custody, and can be adapted to a variety of use cases and customers. 2. Why now? The barriers to entry have dropped significantly. Players like @lithic, @marqeta and @raincards have made it easy to spin up crypto cards while the regulatory frameworks (CLARITY and MiCA) are nearing their final forms. On top of this, there are a variety of services like @privy_io @coinbase @m0 @ethena @Morpho that all help make building a neobank feel like a plug and play experience. 3. How to make money? Probably the most important question. Revenue comes from several streams: - float/yield capture (usually the biggest line and the reason "float under management" is so important) - interchange fees on card spending - FX spreads on cross-border conversions - trading fees - subscriptions. Most neobanks combine several streams to diversify risk, since each model has different vulnerabilities. 4. How do you grow? In this market, it is likely best to start narrow. Instead of launching first as a full stack bank, focus on a single vertical or market and expand from there. This was the playbook for SoFi, Revolut, and Chime, and it is likely to be the playbook here too. We dig deeper into how to do this in the report, which is free to read either via the article below or through our site: token-relations.com/p/the-ne…

📊 Tokenized private equity and venture capital turns ownership in private companies or VC funds into digital assets in order to make them easier to access. The sector has a total value of $1.96B, with @Securitize accounting for more than 2x the value of the next platform.

One year ago, I became a solo founder :) Since then, I’ve scaled the biz, rebranded to @StrataMedia_ and provided better results for the top tier clients we work with. It’s hard work, but worth it everyday. Celebrate with me by following @TokenRelations & @_TalkingTokens 🧡

Neobanks are a hot topic right now, but not everyone fully understands what it entails under the hood - and what it could mean for fintechs. @StrataMedia_ Institutional Research Analyst @ahBeaudry joins @jacqmelinek to dig into how crypto neobanks are rebuilding what Chime and Revolut did a decade ago but on stablecoin rails, why he’s interested in the float and yield model and how its the hardest to sustain through a bear market, and where the real opportunity sits for anyone watching this space over the next 12 to 24 months. Check out the associated newsletter for more details: token-relations.com/p/the-ne… TIMESTAMPS 00:00 Introduction to Crypto Neobanks 02:59 Revenue Models and Market Dynamics 06:02 Challenges and Risks in Crypto Neobanking 08:04 Future Trends and Considerations Watch below or on X:

Tokenized U.S. Treasuries are up 63.73% YTD to $14.86B Below are the top tokenized treasury platforms, sorted by total value and market share 1) @Circle: $3.01B (20.26%) 2) @OndoFinance: $2.75B (18.53%) 3) @Securitize: $2.52B (16.95%) 4) @FTDA_US: $2.52B (16.94%) 5) @WisdomTreePrime: $882.9M (5.9%) 6) @centrifuge: $882.7M (5.9%) 7) @Libeara_: $822.6M (5.5%) 8) @SuperstateInc: $713.3M (4.8%) 9) @Spiko_finance: $146.4M (0.9%) 10) @Theo_Network: $127.5M (0.8%)

Top 10 networks by RWA holders and percentage gain (30 days): 1) @Solana: 274.18K ( 27.4%) 2) @plumenetwork: 250.55K (-2.3%) 3) @Ethereum: 195.26K ( 11%) 4) @BNBCHAIN: 92.27K ( 64.8%) 5) @0xPolygon: 20.43K (-2%) 6) @StellarOrg: 16.87K ( 40.6%) 7) @base: 15.79K ( 23.9%) 8) @Arbitrum: 8.51K ( 3.4%) 9) @avax: 8.06K ( 0.1%) 10) @HyperliquidX: 4.12K ( 2%)