Ex-Blackstone team launches tokenized private-credit fund on Superstate

Valinor Digital, founded by two former Blackstone private credit executives, has launched the Valinor BDC Exposure Fund, a tokenized fund that holds a basket of publicly traded business development companies (BDCs). The…

• Valinor Digital, founded by ex-Blackstone executives, has launched a tokenized private credit fund (Valinor BDC Exposure Fund) on Superstate's platform.
• The fund holds publicly traded Business Development Companies (BDCs) and offers daily subscriptions/redemptions, aiming to provide private credit returns with enhanced on-chain liquidity.
• This initiative targets a niche in credit markets, leveraging tokenization to offer greater efficiency and access for investors in traditionally illiquid private credit.

Topics: Asset types, Infrastructure providers, Institutional adoption, Private credit debt funds, Tokenization platforms, Asset manager initiatives

Tags: #valinordigital #blackstone #tokenizedprivatecredit #bdcexposurefund #superstate #fundos #realeconomycredit #qualifiedpurchasers #onchainliquidity #247settlement

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Bullish Pioneers Tokenized Equity Trading on Regulated Exchange—Institutional Liquidity and 24/7 Settlement Signal a Shift

Bullish (NYSE:BLSH) launches the first fully regulated tokenized equity trading on its exchange, integrating 24/7 settlement and direct share ownership. Major institutions and liquidity providers join, as the company leverages its pending acquisition of Equiniti to build end-to-end infrastructure for tokenized securities. This move could reshape how equities are issued, registered, and traded globally.

• Bullish has launched the first fully regulated tokenized equity trading on its exchange, offering 24/7 settlement and direct share ownership.
• The platform has secured support from major institutions and liquidity providers, signaling a significant shift in equity market infrastructure.
• Leveraging the acquisition of Equiniti, Bullish aims to control the entire tokenization lifecycle, potentially reshaping global equity trading.

Topics: Asset types, Institutional adoption, Infrastructure providers, Equity, Asset manager initiatives, Tokenization platforms

Tags: #tokenizedequity #bullishexchange #247settlement #directshareownership #institutionalliquidity #equiniti #gibraltar #regulatedexchange #tokenization

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SWIFT Blockchain Ledger Goes Live as 17 Banks Join Deposit Pilot

SWIFT's new blockchain ledger is live after 9 months of development, with 17 major banks set to pilot tokenized deposit payments across borders around the clock.

• SWIFT has launched its new blockchain ledger, enabling a pilot program with 17 major banks to test tokenized deposit payments across borders.
• The initiative aims to facilitate 24/7 settlement for cross-border transactions, enhancing the speed and flexibility of international finance while maintaining existing compliance standards.
• This development aligns with a broader trend of regulated financial institutions adopting tokenized infrastructure, seen in parallel efforts by other banking consortia and stock exchanges.

Topics: Banks bankingsystems, Payment system integration, Blockchain usage, Custody asset servicing, Cross border settlement, Private enterprise ledgers

Tags: #swift #blockchainledger #tokenizeddeposits #crossborderpayments #pilotprogram #17banks #247settlement #digitalassets #programmablemoney

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For a moment, imagine you are running a tokenized Treasury fund.

For a moment, imagine you are running a tokenized Treasury fund. Your investors operate in a market that never closes. Subscriptions can arrive on a Saturday night. Redemption requests can show up at 2:00 a.m. And the people making those requests expect the token, the cash and the underlying value to move with the same speed as everything else in the digital-asset market. You take in the cash. You issue the token. Then you go to put that money to work in the short-term Treasury market. And that market is closed. The same problem can show up in reverse. An investor redeems at an odd hour, so you need to sell Treasuries, move the proceeds through the banking system and settle the transaction. Parts of that process may be closed too. That is the gap BNY appears to be trying to close. According to Bloomberg, BNY plans to introduce tokenized Treasuries and conduct pilot trades on its private blockchain by the end of 2026. It is also aiming to support 24/7 settlement for both conventional and tokenized Treasuries in 2027. Supporting the tokenized side of that equation does not strike me as the most surprising part. Extending the same operating model into the conventional Treasury market does. This is no longer just about creating a digital version of a Treasury security. It is about the operating demands of digital markets beginning to push directly into one of the largest and most important traditional markets in the world. The tokens may be new. The underlying assets are not. But once investors expect the token to move around the clock, the pressure starts building on everything behind it to do the same. Views are my own and not necessarily those of my employer.

• BNY Mellon plans to introduce tokenized Treasuries and pilot trades on its private blockchain by the end of 2026, aiming for 24/7 settlement in 2027.
• The initiative highlights the pressure from digital asset market operating demands pushing into traditional markets like short-term Treasuries.
• This move aims to bridge the gap between the 24/7 nature of digital assets and the traditional market's operational limitations.

Topics: Asset types, Infrastructure providers, Scalability, Financial instruments, Major financial incumbents, Market depth liquidity

Tags: #tokenizedtreasuries #bnymellon #247settlement #digitalassetmarket #blockchain #pilottrades #traditionalmarkets #shorttermtreasurymarket

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