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Tokenized ETFs Surpass $430 Million in Onchain Market Cap, Led by Ondo Finance’s IVVon

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Tokenized ETFs Surpass $430 Million in Onchain Market Cap, Led by Ondo Finance’s IVVon

Tokenized ETFs have crossed $430 million in total onchain market cap, with Ondo Finance’s IVVon token surging 150% in the past month on Ethereum.

Tokenized exchange-traded funds have reached $430 million in combined onchain market capitalization, according to Token Terminal data published Friday. Ondo Finance’s IVVon token leads the category, having surged approximately 150% over the past month on Ethereum.

IVVon represents a tokenized version of the iShares Core S&P 500 ETF, enabling onchain exposure to traditional equity market indices. The 150% monthly gain reflects growing institutional and retail interest in bridging traditional finance assets onto blockchain networks.

Separately, the onchain EUR stablecoin market has exceeded $760 million in total market cap, with 66% of all euro stablecoins currently tokenized on Ethereum. The expansion of both tokenized traditional assets and regional stablecoins signals acceleration in the onchain real-world asset and stablecoin infrastructure sectors.

Sources: Token Terminal | Token Terminal

This article was produced with the help of AI flows.

Tourism authority of Thailand leverage Alipay+ AI solutions to accelerate digital travel transformation for Thailand

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Tourism authority of Thailand leverage Alipay+ AI solutions to accelerate digital travel transformation for Thailand

The Tourism Authority of Thailand (TAT) Beijing Office and Alipay+, the unified wallet gateway of Ant International, launched a new campaign to enhance the digital travel experience via AI-generated themes and further collaborations to integrate AI across the travel journey in Thailand.

Based on outbound travel behaviors from the first quarter of 2026, the campaign leverages AI-driven data analytics to interpret cross-border traveler behavior and integrates official tourism resource data from Thailand, creating four themed rankings for global travelers — “Thai Haokan” (Beautiful Sights), “Thai Haochi” (Delicious Eats), “Thai Haowan” (Exciting Activities), and “Thai Haozhu” (Cozy Stays) — thus establishing a new paradigm for destination marketing empowered by digital technology.

Through Alipay+ Voyager, an in-app AI travel agent, TAT can then offer travellers personalised experiences based on the four rankings. The campaign will roll out first for Chinese travellers through Alipay, an Alipay+ e-wallet partner.

Data Intelligence Reshapes Travel Decision‑Making

A growing number of travelers are embracing AI as a trusted tool for travel planning and booking. The top five most frequently asked questions by users are: “transportation guides”, “featured attractions”, “local cuisine”, “local experiences”, and “accommodation”.

Leveraging the unique wallet payment ecosystem of Alipay+ with data and support from the TAT, the campaign aims to:

  1. Identify trending tourist hotspots in Thailand, with AI algorithms matching the interests and preferences of different traveller segments to deliver tailored recommendations for cultural exploration, culinary experiences, accommodation, and other niche scenarios.
  2. Offer a seamless digital experience from content browsing to trip booking, allowing user to complete one‑stop reservations for flights, hotels, attraction tickets, and ride‑hailing directly within the apps travellers know and trust.

For example, via Alipay+ Voyager, travellers can directly book ride-hailing rides directly within their home e-wallet, without the need to download an additional app, while a growing number are asking the Voyager AI agent about location-based recommendations such as “food and activities near my hotel”.

The AI‑powered real‑time recommendation model marks the arrival of Smart Tourism 3.0, which the TAT is driving with partners like Alipay+ to enable each traveller to have a personalised and tailored experience in Thailand.

AI Creates Seamless Experiences, Driving Growth for Local Tourism Sector

Ms. Yolrawee Sittichai, Director of the Tourism Authority Of Thailand Beijing Office spoke highly of this collaboration. She stated that the launch of Thailand’s AI-powered travel themed list in partnership with Alipay+ Voyager marks a significant milestone in leveraging digital technology to advance Thailand’s tourism development.

The Tourism Authority of Thailand has always prioritised the safety and security of Chinese tourists. As part of this collaboration, we have specifically integrated authoritative safety guidelines and a full-spectrum emergency contact system into the AI assistant service ecosystem, ensuring Chinese tourists enjoy a worry-free travel experience throughout their stay in Thailand. Through the AI assistant, tourists can easily access critical information including the Thailand Tourist Police Hotline 1155 (with Chinese language support), police emergency number 191, ambulance hotline 1669, consular protection hotlines of Chinese embassies and consulates in Thailand, and the Global Emergency Call Center for Consular Protection and Services of China’s Ministry of Foreign Affairs.

Moving forward, the Tourism Authority of Thailand will continue to deepen its partnership with Alipay+, continuously upgrading Thailand’s digital tourism services to let more visitors experience the unique charm of Amazing Thailand.

Ms. Scarlett Xing, General Manager of Alipay+ Travel Solutions at Ant International, said: “The Tourism Authority of Thailand has always been at the forefront of digital innovation and have been long time partners with Alipay+ across payments and other travel breakthroughs. Through Alipay+ Voyager, we’re taking the next step in our collaboration, using our AI-powered solutions to drive a new chapter of discovery within Thailand, supporting the travel sector and bringing inclusive growth to more merchants. Together, we can showcase Thailand as the future of smart tourism, and we look forward to bring this experience to more partners globally.”

The continued growth in transactions in the first quarter of 2026 across Thailand not only reflects Chinese travellers’ sustained enthusiasm for Thailand as a destination, but also how integrated digital travel ecosystems like Alipay+ Voyager – encompassing AI‑driven Q&A, one‑stop booking, and localised payment experiences – is effective in driving efficient conversion from traffic to consumption, delivering tangible commercial value to Thailand’s tourism industry.

Building a New Ecosystem for Future Travel

Following the successful implementation of the first‑quarter cooperation, Alipay+ and the Tourism Authority of Thailand have announced the launch of three strategic upgrade initiatives:

  • Further leveraging the Alipay+ Voyager AI agent to deliver smarter and more personalized Thai travel services and itinerary recommendations powered by AI.
  • Introducing a Thailand destination benefits card, which includes exclusive perks such as pre‑trip travel product bookings, on‑trip shopping and ride‑hailing discounts, and post‑trip tax‑refund red packets.
  • Co‑creating high‑quality travel content for Thailand as a destination, catering to the growing demand of Chinese travellers for personalised and off‑the‑beaten‑path outbound travel experiences.

Looking ahead, Alipay+ and the Tourism Authority of Thailand will continue to deepen their collaboration, bringing global travelers smarter and more convenient possibilities for intelligent travel. Their goal is to make every departure easier and every journey more wonderful. Stay tuned for the latest platform promotions, unlock exclusive benefits for Thailand in advance, and enjoy a uniquely amazing holiday experience.

Theme Rankings Enhance Local Experiences

In the “Thai Haokan” cultural landmarks ranking, traditional attractions such as the Grand Palace and Sanctuary of Truth are featured alongside emerging hotspots like King Power Mahanakhon and Sathon Soi 12. The “Thai Haochi” food ranking, driven by user Q&A interactions, highlights popular local dishes in Thailand.

Notably, the “Thai Haowan” ranking focuses on authentic lifestyle experiences, precisely recommending unique offerings such as shooting ranges, Muay Thai, and rooftop bars – successfully capturing emerging travel trends.

On the payment experience front, Alipay+ partner merchants are widely available across Thailand – from airport duty‑free shops to 7‑Eleven stores, and from the Siam commercial district to Central shopping malls. Furthermore, through integration with Thailand’s PromptPay merchant QR codes, Chinese travellers can connect with millions of merchants nationwide, including small and medium‑sized local businesses, making it easier for travelers to immerse themselves in authentic Thai culture. The newly launched on‑site QR code ticket purchase service for Thailand allows visitors to scan, buy, and enter attractions instantly without advance booking – truly enabling an “arrive and enjoy” experience.

Lombard joins LayerZero exodus as $4 billion in assets switch to Chainlink's bridge

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Lombard joins LayerZero exodus as $4 billion in assets switch to Chainlink's bridge

The shift comes after the Kelp DAO exploit drained $292 million from its LayerZero-powered bridge, increasing concerns over the security of cross-chain infrastructure.

Saudi Arabia is tokenizing its multi-trillion dollar economy to protect its wealth from global shocks

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Saudi Arabia is tokenizing its multi-trillion dollar economy to protect its wealth from global shocks

The chairman of droppRWA has secured $12.5 billion in mandates to tokenized real estate and his plans are to go beyond properties to bring trillions of dollars onchain.

FCA Approves Vestd as PISCES Operator, Launching First Intermediary-Free Trading Venue

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FCA Approves Vestd as PISCES Operator, Launching First Intermediary-Free Trading Venue

Sharetech platform Vestd has officially been granted approval by the Financial Conduct Authority (FCA) to operate the Private Intermittent Securities and Capital Exchange System (PISCES).

The approval marks a significant expansion for Vestd, which joins an elite group of operators—including the London Stock Exchange (LSE) and JP Jenkins—authorized to run the UK’s newest innovative trading framework.

Vestd’s entry introduces a unique model to the PISCES ecosystem: it is the first platform designed to operate without the need for financial intermediaries. By allowing investors to work directly with the operator, Vestd intends to drastically reduce transactional friction and lower costs. Notably, the platform will not charge fees to buyers, a move aimed at simplifying the investment process for a broader range of participants.

Maturing the intermittent trading market

The PISCES framework was established by the FCA in June 2025 to allow private companies to trade shares on an intermittent basis, providing much-needed liquidity without the full regulatory burden of a public listing. The market has seen rapid evolution recently; following the milestone in March 2026 where QPLAY became the first issuer to see its shares traded under the framework, Vestd’s approval signals that the new market is entering a phase of sustained maturity.

By opening up a new class of investment opportunities in UK businesses that were historically difficult to access, the PISCES venue offers a vital liquidity release valve for founders, early-stage investors, and employees who may have previously seen their wealth locked in private equity for years.

A unified equity lifecycle
Yaroslav Kinebas, market infrastructure lead at Vestd

For Vestd, the PISCES approval represents the final piece of a unified equity management puzzle. The platform already supports businesses through company incorporation, employee share schemes, and cap table management. With the addition of a regulated liquidity venue, Vestd can now manage a company’s entire equity lifecycle on a single platform.

Yaroslav Kinebas, market infrastructure lead at Vestd, described the approval as a “game-changer” for the UK ecosystem. “PISCES opens up a new class of investment opportunities in UK businesses which were previously difficult to access,” Kinebas stated. “Vestd’s PISCES platform means a business can manage its entire equity lifecycle—from company incorporation and employee schemes to cap table management and, eventually, regulated liquidity events—all on a single platform.”

Kinebas added that the platform’s end-to-end solution now extends to Special Purpose Vehicles (SPVs) and portfolio management for investors. As the firm prepares to publish its full rules for the venue, investors are already being invited to register their interest, while companies have begun preparing their cap tables and employee share schemes in anticipation of upcoming liquidity events.

Gemini Stock Jumps After Winklevoss Twins Make $100M Bitcoin Bet On Company Future

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Gemini Stock Jumps After Winklevoss Twins Make $100M Bitcoin Bet On Company Future

Cameron and Tyler Winklevoss made their boldest statement yet about Gemini Space Station’s future: a $100 million strategic investment into their own company, funded not with cash but with Bitcoin. 

The announcement, paired with a first-quarter earnings report that showed 42% revenue growth year-over-year, sent GEMI shares climbing more than 20% in after-hours trading Thursday night.

Gemini (NASDAQ: GEMI) reported total revenue of $50.3 million for the quarter ended March 31, 2026, driven by a surge in services and OTC revenue. Services and interest income jumped 122% to $24.5 million, while credit card revenue climbed 300% to $14.7 million. The net loss narrowed to $109 million, an improvement from the $141 million loss recorded in the same quarter of 2025. Shares closed at $5.26 on Wednesday before the earnings release, then hit $6.33 in extended trading — representing a gain of over 20%.

Shares were up over 30% this morning before settling at the time of writing. The headline move, however, was the Bitcoin-denominated investment. Winklevoss Capital Fund purchased 7.1 million shares at $14 per share — nearly triple the stock’s recent market price of around $4.92. 

Tyler Winklevoss, the company’s CEO, said in a statement: “We believe the market has significantly undervalued Gemini, and that this investment will allow us to set up the company for its next phase of growth.” 

The $14 entry price, paid in Bitcoin, signals the twins’ conviction that both the company and the flagship digital asset have room to run.

Bitcoin itself has traded in a tight band this week, with the coin closing at $81,051 on May 14 and hovering around $80,000 through the prior several sessions. That stability comes after a bruising stretch earlier this year — BTC crashed more than 40% from its October 2025 peak of $126,000 to a low near $60,000 in February — a downturn that rattled Gemini’s exchange business and caused trading volumes to fall to $6.3 billion in Q1 from $13.5 billion a year earlier. 

Gemini’s rough couple months

The Winklevoss twins themselves were caught in that selloff, with blockchain analytics firm Arkham flagging a $130 million Bitcoin transfer into Gemini in March, widely interpreted as a sale. They later pulled funds back, withdrawing $42.77 million in BTC from the platform in April, a sign they were rebuilding their position as prices stabilized.

The earnings follows months of turbulence for the exchange. In February, Gemini cut 25% of its global workforce, exited the UK, EU, and Australian markets, and lost its COO, CFO, and Chief Legal Officer in a single week. 

Those events sparked a wave of shareholder class action suits alleging the company misled investors in its September 2025 IPO — priced at $28 per share and initially trading as high as $45.89 — about its true financial condition. The stock at one point fell below $5, a more than 89% decline from that peak.

One regulatory win gave the bulls ammunition. In April, Gemini received a Derivatives Clearing Organization license from the CFTC, opening the door to futures, options, and a broader marketplace strategy. Cameron Winklevoss, the company’s president, framed the licensing milestone as central to Gemini’s ambition to “evolve from a crypto company into a markets company.” 

Farage’s $6.7M Crypto-Linked Gift Raises Eyebrows After $1.8M Home Acquisition

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Farage’s $6.7M Crypto-Linked Gift Raises Eyebrows After $1.8M Home Acquisition

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A parliamentary ethics probe is now underway and focused on Nigel Farage, leader of the UK’s Reform Party, after reports surfaced that the government official bought a $1.8 million property weeks prior to entering office — a purchase made possible, at least in part, by a $6.7 million personal gift from a crypto billionaire.

A Gift Before The Campaign

The property, with a market value of roughly 1.4 million British pounds, was acquired in May 2024. The timing was significant. According to Sky News, the deal closed just weeks before Farage publicly disclosed he was running for parliament in the general elections.

The gift — 5 million pounds — came from Christopher Harborne, a British crypto billionaire. Farage has described it as a personal gift, not a political donation.

Farage and the Reform Party say no rules were broken. Their argument rests on timing: because the money changed hands before Farage took office, they say it falls outside the reporting requirements that apply to sitting members of parliament.

Critics aren’t buying it. They argue the gift should have been declared and registered regardless of when it was received.

The probe now underway is examining whether that position holds up.

Crypto Money In Politics Draws Scrutiny

This case is unfolding against a backdrop of growing concern in the UK about cryptocurrency and political funding.

Lawmakers have been pushing for restrictions on crypto donations to political figures and parties for months, citing worries about transparency and the potential for foreign interference.

BTCUSD now trading at $80,573. Chart: TradingView

In February 2025, Matt Western, chair of the Joint Committee on the National Security Strategy, called on parliament to temporarily halt crypto donations.

His concern was direct — foreign governments, he warned, could use anonymous or hard-to-trace digital assets to shape UK political positions on issues like Ukraine or US-European relations.

The government responded. In March 2026, a legislative proposal to temporarily ban political crypto donations was put forward.

Prime Minister Keir Starmer backed it publicly, saying the government would act to protect democratic integrity.

The bill must still clear both chambers of parliament and receive approval from King Charles III before it becomes law.

Farage Pushes Back

Farage has not stayed quiet. Reports indicate he has made clear that the Reform Party intends to fight any ban or moratorium on crypto political donations.

This is not his first brush with scrutiny over crypto-related activity. Separate reports note that UK Liberal Democrats have also called for a Financial Conduct Authority probe into his promotion of a Bitcoin product called Stack BTC.

The parliamentary ethics investigation into the Harborne gift remains open. No findings have been issued.

Featured image from My London, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

SpaceX targets June 11 IPO pricing, picks Nasdaq for historic market debut

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SpaceX targets June 11 IPO pricing, picks Nasdaq for historic market debut

Elon Musk’s rocket and satellite company has accelerated plans for its blockbuster public offering, with trading expected to begin as early as June 12 after a faster-than-expected SEC review.

Abu Dhabi’s Mubadala Raises Bitcoin ETF Stake 16% To $566 Million In Q1 2026

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Abu Dhabi’s Mubadala Raises Bitcoin ETF Stake 16% To $566 Million In Q1 2026

Abu Dhabi’s sovereign wealth fund Mubadala Investment Company has raised its position in BlackRock’s iShares Bitcoin Trust (IBIT), reporting ownership of 14,721,917 shares valued at $565,616,051 as of March 31, 2026, according to a 13F filing released today. 

That marks a 16% increase from the 12,702,323 shares the fund held at the end of Q4 2025.

The disclosure extends a now-unbroken accumulation streak that began in Q4 2024, when Mubadala first disclosed bitcoin exposure worth at least $436 million. The fund added shares through a Q1 2025 filing that showed 8,726,972 shares at $408.5 million, then surged to 12.7 million shares worth $630.6 million by December 31, 2025 — a 46% jump in a single quarter. Today’s filing adds another 2 million shares to that ledger, pushing the position past the half-billion dollar mark for the third straight quarter.

Mubadala manages a global portfolio exceeding $330 billion in assets across technology, healthcare, infrastructure, private equity, and public markets, with its mandate centered on generating returns for the Abu Dhabi government while reducing the emirate’s dependence on oil revenues. Bitcoin, accessed through the regulated IBIT structure, has become one of the fund’s most visible public market positions. 

As of Q4 2024, IBIT was already Mubadala’s second-largest holding by a wide margin, trailing only a longer-term stake in Arm Holdings.

Abu Dhabi’s bitcoin investments

Abu Dhabi’s sovereign accumulation does not stop at Mubadala. Al Warda Investments, an entity tied to the Abu Dhabi Investment Council — itself operating under the Mubadala umbrella — has also been building an IBIT position, reporting 8.2 million shares worth approximately $408 million at year-end 2025. The two Abu Dhabi vehicles combined to hold more than $1 billion in IBIT as of December 31, marking a milestone for Gulf Cooperation Council sovereign participation in regulated bitcoin products.

The Q1 2026 filing arrives against a backdrop of broader institutional and governmental interest in bitcoin. Goldman Sachs disclosed approximately $2.36 billion in total crypto exposure through IBIT and other vehicles, while Jane Street reported 20.3 million IBIT shares worth $790 million at Q4 2025 year-end. 

On the sovereign front, Texas became the first U.S. state to purchase bitcoin for a strategic reserve during the same period.

On a similar note, new financial disclosures show the Trump family trust bought shares of several bitcoin-linked companies — including Coinbase, MARA Holdings and Strategy — during the first quarter of 2026 as the administration advances a more crypto-friendly policy agenda. 

The filings revealed thousands of trades worth between $220 million and $750 million overall. 

Bitcoin Battles US Bond Nerves With BTC Price Dip Toward New May Lows

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Bitcoin Battles US Bond Nerves With BTC Price Dip Toward New May Lows

Bitcoin (BTC) fell below $80,000 at Friday’s Wall Street open as analysis tied risk-asset weakness to US bond markets.

Key points:

  • Bitcoin eyes its lowest levels of May as concerns over US bond yields spark a risk-asset rout.
  • US 10-year treasury yields rise above levels that sparked a US tariff pause on China last year.
  • Traders wait for new local lows for BTC/USD as support stability is eroded.

Bitcoin suffers as risk-asset “euphoria” turns sour

Data from TradingView tracked 3% daily BTC price losses, with downside intensifying as the US session began. BTC/USD approached its lowest levels in May so far.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

Stocks also gave back gains after hitting new all-time highs earlier in the week.

S&P 500 one-hour chart. Source: Cointelegraph/TradingView

Reacting, trading resource The Kobeissi Letter saw risk-asset “euphoria” giving way to concerns about “unsustainable” US bond yields.

“The bond market crisis is intensifying. The US 10Y Note Yield is now officially above 4.55% for the first time since May 2025,” it wrote in a post on X.

“After weeks of euphoria, the market is beginning to react today. As we have been stating for the last few weeks, the current situation in the bond market is unsustainable.”

US 10-year treasury note yield one-day chart. Source: Cointelegraph/TradingView

Kobeissi noted that yields were now above levels seen in April 2025, when US President Donald Trump halted the implementation of trade tariffs on China. That move, it said, came due to “a collapsing bond market.”

“Furthermore, the market now sees a 60%+ chance that the Fed’s next move is an interest rate HIKE, with rate cuts entirely priced-out,” the post added. 

“We expect to see 7%+ mortgages next, all as auto loan delinquencies have reached 32-year highs. Inflation is back and higher rates are coming.”

Fed target rate probabilities (screenshot). Source: CME Group

The latest data from CME Group’s FedWatch Tool showed a 0.25% interest-rate hike as the most likely outcome by March 2027.

BTC price lows back on the radar

As Cointelegraph reported, traders were already unsure about Bitcoin’s ability to climb beyond $82,000 local highs.

Related: Bitcoin price history suggests 77% odds of new all-time high within a year

A support retest was already on the cards, and targets on the day extended toward the mid-$70,000 zone.

“Honestly, not a good sign that $BTC fully retraced the move from yesterday,” trader Pat told X followers.

BTC/USD comparison. Source: Pat/X

Rangebound continuation was an increasingly popular option, with analyst Eric Coleman suggesting that low-time frame price action was predictable.

“BTC pumped from the marked horizontal support just as expected and again it got rejected below the trendline and the horizontal resistance,” he wrote alongside an explanatory chart. 

“Further movement in between the horizontal support and resistance is expected until a solid breakout or breakdown occurs.”

BTC/USDT four-hour chart. Source: Eric Coleman/X

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