Wall Street and crypto are crashing into each other as tokenized treasury markets hit $14.6 billion

Image for article Wall Street and crypto are crashing into each other as tokenized treasury markets hit $14.6 billion
News Source : CoinDesk

News Summary

  • Centralized exchange trading volumes dropped more than 11% to $4.61 trillion, their lowest since late 2024.
  • OKX rolled out 13 new "X-Perp" markets for European traders on Tuesday, giving retail users direct access to tech stock futures, alongside major commodity indices like gold, silver, and crude oil.
  • While crypto apps are listing stocks, Wall Street is moving cash onto blockchain networks, such as tokenized u.s. Treasurys backed by firms like BlackRock and Franklin Templeton.
A significant transformation is currently underway across the established cryptocurrency market.

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