Sky Protocol Receives Moody's First Stablecoin Protocol Rating with $10B AUM and $90M Equity

Odaily Planet Daily reports that the decentralized finance (DeFi) protocol Sky Protocol has been assigned a B3 long-term counterparty risk rating with a stable

• Sky Protocol, a DeFi protocol formerly known as MakerDAO, has received Moody's first-ever stablecoin protocol rating of B3 with a stable outlook.
• The protocol manages $10 billion in AUM and $900 million in equity, but Moody's cited 'material credit weakness' due to low capital adequacy and risks associated with its DAO structure.
• Potential upgrades depend on improved capital ratios, while downgrades could occur if capital falls significantly or profitability and liquidity weaken.

Topics: Asset types, Legal regulatory, Institutional adoption, Stablecoins digital cash, Securities law classification, Asset manager initiatives

Tags: #skyprotocol #moodys #stablecoinrating #defi #b3rating #usds #dai #aum #equity #counterpartyrisk

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Solana Foundation Offers Banks Open-Source Code to Settle Tokenized Trades in One Step

The escrow program swaps an asset and its payment in one transaction or not at all, and J.P. Morgan contributed its view of how institutions settle securities.

• Solana Foundation has released open-source code for an escrow program called Solana DvP, enabling one-step atomic settlement for tokenized trades.
• This program aims to eliminate counterparty risk inherent in traditional finance by ensuring assets and payments are exchanged simultaneously or not at all.
• J.P. Morgan provided input on the design, highlighting the need for shared, open standards in institutional market infrastructure.

Topics: Banks bankingsystems, Blockchain usage, Institutional adoption, Token issuance distribution, Ethereum evm l 1 s, Banking depository pilots

Tags: #solana #tokenizedtrades #deliveryversuspayment #atomicsettlement #jpmorgan #opensourcecode #escrowprogram #settlementstandard #counterpartyrisk #digitalassets

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An $84 million US asset seizure just sparked a massive question for Tether

Court records identify Capstone-held accounts, while Tether has not said whether its EQIBank exposure involves USDT reserves.

• Tether has disclosed an exposure to EQIBank, which is currently involved in an $84 million US asset seizure case.
• It remains unclear if this exposure impacts USDT reserves or Tether's ability to meet redemption requests.
• The article highlights the uncertainty surrounding the accessibility of Tether's funds at EQIBank and its potential implications for USDT holders.

Topics: Asset types, Legal regulatory, Risk default, Stablecoins digital cash, Enforcement actions litigation, Credit counterparty risk

Tags: #tether #usdt #eqibank #assetseizure #usdtreserves #capstonelimited #forfeiture #counterpartyrisk #redemptions

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Kamino Lend dominates Solana's tokenized stock lending with 82.6% market share, hitting $53M collateral.

Kamino Lend, part of Kamino Finance on Solana, now controls 82.6% of the tokenized stock lending market on the network, managing over $31 million of the $53 million total collateral as of late July 2026. This growth follows its 2025 integration of xStocks, tokenized equities like SPYx and AAPLx, allowing users to borrow stablecoins without selling their stocks. Despite this dominance, tokenized stocks still represent a small fraction (1.3%-2.8%) of Kamino's total deposits, with most activity focused on traditional crypto assets. The rise of tokenized stock lending offers a novel way for equity investors to gain liquidity without taxable sales, though it carries additional counterparty risks tied to the tokenization infrastructure.

• Kamino Lend on Solana now dominates the tokenized stock lending market with an 82.6% share, managing $31 million in collateral.
• The platform allows users to borrow stablecoins against tokenized equities like SPYx and AAPLx, offering liquidity without taxable sales.
• Despite its dominance in this niche, tokenized stocks represent a small portion of Kamino's overall deposits, and the market faces counterparty risks.

Topics: Asset types, Integration with defi, Alternative assets, Rwa collateral lending

Tags: #kaminolend #solana #tokenizedstocks #xstocks #spyx #aaplx #stablecoins #collateral #liquidity #counterpartyrisk

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Inside the uncollateralized deal that locked up 6 million SUI until 2028 while SUI Group trades at a 25% NAV discount

The uncollateralized receivable runs to 2028, while an Aug. 6 sensitivity puts market value 24.5% below company-calculated NAV.

• SUI Group has provided an uncollateralized loan of 6 million SUI tokens to Bluefin Markets, increasing counterparty and liquidity risks.
• The agreement includes a revenue share for SUI Group, but the company has not disclosed Bluefin's revenue base, making it difficult to assess compensation for the increased risks.
• The article highlights a significant discount to SUI Group's Net Asset Value (NAV), with ongoing uncertainty regarding the actual income generated from this arrangement.

Topics: Asset types, Risk default, Institutional adoption, Financial instruments, Credit counterparty risk, Onboarding prime brokerage

Tags: #suigroup #bluefinmarkets #uncollateralizedloan #suitokens #revenueshare #counterpartyrisk #liquidityrisk #navdiscount #digitallending #realizedlosses

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BitGo integrates with Derive for institutional onchain derivatives trading under regulated custody

Here’s one of crypto’s oldest unsolved problems: institutions want to trade derivatives onchain, but they don’t want their collateral sitting in some | Bitget crypto news!

• BitGo and Derive have integrated to enable institutional clients to trade onchain derivatives while keeping collateral in BitGo's regulated bank.
• This solution addresses counterparty risk by separating trade execution on Derive's platform from custody within BitGo Bank & Trust.
• The integration aims to satisfy institutional compliance requirements and unlock onchain derivatives liquidity for major assets like Bitcoin and Ethereum.

Topics: Institutional adoption, Infrastructure providers, Blockchain usage, Banking depository pilots, Tokenization platforms, Ethereum evm l 1 s

Tags: #bitgo #derive #institutionaltrading #onchainderivatives #regulatedcustody #collateral #counterpartyrisk #ethereum #opstack #occ

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