⚖️ ARK Venture Fund Moves to Tokenize Its Investment Fund
ARK Invest's ARK Venture Fund has announced a tokenization initiative aimed at broadening access to its capital markets exposure.
The move signals ARK's intent to bring its venture fund structure onto a blockchain-based framework, potentially allowing a wider range of participants to access the fund through tokenized shares.
Tokenization of traditional investment funds is an expanding trend in the intersection of TradFi and blockchain infrastructure, with several major asset managers exploring similar approaches.
🔐 Coinbase Scam Mastermind Sentenced to Up to 12 Years
Ronald Spektor has been sentenced to four to 12 years in prison in New York after orchestrating a Coinbase scam that defrauded approximately 100 users out of roughly $15.944 million.
The scheme targeted Coinbase users, with Spektor identified as the mastermind behind the operation. Around 100 victims were affected before authorities intervened and brought charges.
The sentencing marks one of the more significant crypto fraud convictions in New York, underscoring continued law enforcement action against large-scale exchange-related scams.
🌐 UK Banks Complete First Interbank Tokenized Deposit Transactions
Lloyds, NatWest, Barclays, and HSBC have completed what UK Finance describes as the world's first interbank transactions using tokenized deposits — blockchain-based commercial bank money tested in real-world conditions.
The tests covered mortgage payments and person-to-person transfers, demonstrating practical use cases for tokenized deposits on a live basis. UK Finance organized the initiative, which involved Britain's largest high-street banks operating across a shared blockchain infrastructure.
The milestone signals growing institutional readiness to move core banking functions onto distributed ledger technology, with potential implications for tokenized bonds and broader digital money adoption in the UK.
USDv, a stablecoin issued by Solomon Labs, has been announced as live on the Solana network. Solana’s official X account linked the deployment to Sunrise. The announcement confirms the network launch, but does not specify USDv’s backing, design, circulating supply or user adoption. Those details remain unconfirmed based on the available information.
🌐 NYSE and Blockchain.com Eye 24/7 Tokenized Stock Trading
NYSE and Blockchain.com have signed an agreement to explore round-the-clock tokenized stock trading through NYSE's planned digital venue.
The deal would connect Blockchain.com's crypto platform to NYSE's forthcoming digital exchange and establish two-way distribution of both stock and crypto market data between the two platforms.
The partnership signals growing institutional momentum behind tokenized securities, as traditional exchanges look to bridge conventional equity markets with crypto infrastructure.
🔐 North Korea's fake job interviews drained $11M from crypto wallets
A seven-agency international advisory has formally linked the WaterPlum hacking group and Pyongyang's remote IT worker infiltration scheme to the same North Korean bureau.
The operation used fake job interviews to compromise targets, ultimately draining $11 million across approximately 7,000 crypto wallets. The advisory connects two previously separate threat vectors — malware-deploying hackers and undercover IT workers embedded in crypto and tech firms — under a single state-directed unit.
The findings reinforce warnings that North Korea's crypto theft operations are more coordinated and institutionalized than previously understood, posing an ongoing threat to both individual users and organizations in the industry.
💵 Visa and Reap Launch Stablecoin Credit Cards in 100+ Markets
Visa and fintech firm Reap have announced a partnership to roll out stablecoin-linked credit cards across more than 100 markets globally.
The collaboration builds on Reap's existing Visa card issuance infrastructure, extending it into regions where stablecoin-linked spending has been limited. The cards are aimed at businesses looking to fund everyday expenses using digital assets.
The move marks a significant expansion of stablecoin utility into mainstream payment infrastructure, positioning Visa as a key bridge between traditional finance and digital asset spending.