Quant giant QRT bets on OKX at $25 billion value
Barclays, HSBC, Lloyds and three other banks have been named lead managers for the UK's planned DIGIT pilot.
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Traders are watching the Fed. Institutions are watching the future.
Bitcoin is stuck below $87,000, with ETF inflows too choppy to force a breakout.
Yet away from the charts, tokenization keeps gaining ground.
OKX secured a new funding round, LG CNS launched a multi-chain platform for banks, and the UK picked its lead managers for a tokenized gilt.
The market may be hesitating, but the builders clearly aren't.
UK picks six banks to lead its first-ever digital gilt pilot
Barclays, HSBC, Lloyds, Morgan Stanley, NatWest, and RBC will underwrite Britain's first blockchain-based government bond.
The Digital Gilt Instrument, announced Oct. 6, aims to bring sovereign debt onto distributed ledger technology.
If it works, every major economy will face pressure to follow suit.
Markets
Bitcoin stalls below $87K as ETF flows turn choppy
Spot Bitcoin ETFs pulled in $2.6B in September but momentum faded fast.
October opened with modest inflows before flipping to $90M in net redemptions on Oct. 5.
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Bitget's Lacie Zhang says a sustained close above $87,400 is needed to target $93K.
BTC hovered near $85,600 while ETH traded below $2,700 and SOL sat near $121.
LG CNS launches blockchain platform for stablecoins and tokenized assets in South Korea
LG's IT arm just rolled out KITL, a shared blockchain layer for banks, brokerages, and payment firms.
The platform offers four core functions designed to help financial institutions launch digital asset services.
South Korea's largest conglomerates are now building the pipes for tokenized finance.
OKX extends funding round at $25B valuation with quant hedge fund QRT
Quantitative trading giant Qube Research & Technologies has invested in OKX alongside Circle, Ripple, and SC Ventures.
The extension round values the exchange at $25B, reflecting deepening ties between Wall Street-style firms and crypto infrastructure.
When quant funds start backing exchanges directly, the line between traditional and crypto markets gets very thin.
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That’s a wrap.
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