It was a busy summer for
@ethereum.
→
@RobinhoodApp Chain, an
@arbitrum Orbit-based Ethereum L2, launched and passed $1B in TVL within 6 weeks.
→
@Revolut, Europe's largest fintech with 80M+ customers, announced EURR, a euro stablecoin issued by Bridge and live on day one on Ethereum.
→
@jpmorgan Asset Management's two tokenized money market funds, MONY and JLTXX, grew to over $800M combined on Ethereum mainnet.
→
@CreditAgricole launched EURXT, a MiCA-compliant euro stablecoin issued by
@CACEIS on Ethereum, first used to settle a subscription into a tokenized
@Amundi_FR money market fund.
→ SBI issued JPYSC on Ethereum, Japan's first trust-type yen stablecoin, built with
@StartaleGroup and issued by SBI Shinsei Trust Bank.
→
@openstandard confirmed Open USD will launch on Ethereum on day one, 140+ businesses partnered here already including Visa, Mastercard, Stripe, BlackRock and BNY.
→
@BlackRock launched Ethereum-based OnChain Shares of its Select Treasury Based Liquidity Fund (BSTBL), with
@BNYglobal serving as transfer agent and tokenization provider.
→ In parallel, it introduced BRSRV, a tokenized money market fund built for digitally native institutional investors and stablecoin reserve use cases, serviced by
@Securitize.
→ The day after BSTBL and BRSRV,
@BlackRock announced it is tokenizing share classes of its European Institutional Cash Series money market funds on Ethereum, representing $311B in assets as of June 30, in partnership with Kinexys by J.P. Morgan.
→ @neubergerberman launched its first tokenized fixed-income fund, HINC, serviced by
@Securitize and live on Ethereum.
→
@MorganStanley launched MSSE, an Ethereum ETP that stakes a portion of its holdings and passes the rewards to investors.
→
@Fidelity filed to add staking to its Ethereum ETF, covering nearly all of the fund's ETH, around $898M at filing.
→ ethereum:native moved from roughly $1,560 on July 1 to around $2,450 at the end of August.
→ Three new nodes joined the Ethereum ecosystem:
@ethereuminsti,
@ethlabs_org , and
@eth_systems; all focused on Ethereum adoption.
Ethereum is the home of onchain finance.