Backed | Crypto

U.S. Bank has begun testing custom stablecoin issuance on Stellar, citing asset controls and reliability as key features, as major institutions explore programmable money. At the same time, the ECB has warned that fast-growing stablecoins could transmit financial risks across borders. The post U.S. Bank Taps Stellar Network for Custom Stablecoin Trial, Backed by PwC and SDF appeared first on Cryptonews.

Bank Indonesia launches plans for a digital rupiah backed by government bonds, reflecting ongoing efforts to integrate blockchain into monetary operations. The post CBDC with Stablecoin Mechanics: Indonesia’s Digital Rupiah to Be Backed by Government Bonds appeared first on Cryptonews.

While Kraken said that the partnership opens up stocks for 200 million users, others said that geographical restrictions exist. Crypto exchange Kraken, the main distribution partner for Backed’s tokenized equities product xStocks, has partnered with Trust Wallet, one of the world’s largest self-custody crypto wallets, to extend the reach of tokenized equities to users.  In a Friday announcement, Kraken said it is “bringing interoperable tokenized equities to over 200 million users across the world” by extending xStocks to Trust Wallet users, who will be able to trade tokenized equities by Backed, a provider of collateralized onchain assets.  The integration will allow Trust Wallet users to buy and hold 60 different xStocks using a variety of local fiat currencies. It would also enable deposits and withdrawals across multiple chains, including Solana, BNB Chain, Tron and Ethereum.  Read more

Helius Medical has unveiled a Solana treasury strategy after raising $500M through a Pantera-led PIPE and securing $750M in warrants, aiming to acquire SOL, capture ~7% native staking yield, and deploy capital into DeFi under new leadership guidance. The post Helius Medical Raises $500M Backed by Pantera Capital to Launch a $1.25B Solana Treasury appeared first on Cryptonews.

According to a Binance Research report, tokenized stocks are nearing a major inflection point reminiscent of the early days of decentralized finance. On Wednesday, cryptocurrency exchange Kraken and tokenization platform Backed Finance announced an expansion of xStocks, a tokenized stock product offering, to the Tron blockchain. The move comes as real-world asset (RWA) tokenization, particularly within stocks, is taking hold. According to the announcement, Backed will deploy the stocks as TRC-20 tokens. Previously, Kraken and Backed launched xStocks on Solana and BNB Chain. Debuted in late June 2025, xStocks has had more than $2.5 billion in combined DEX and CEX volume, according to a Kraken blog post. “The enthusiasm developing in the RWA sector is more indicative of a growing institutional confidence in the utility of layer 1 blockchain networks like Tron,” a TronDAO representative told Cointelegraph. “As institutional blockchain continues to evolve, we plan to stay focused on building the infrastructure ne...