hodler

5 May 2026, 22:20

Forward Industries, RockawayX back OnRe to build onchain reinsurance on Solana

Investors back a model that moves insurance risk and capital flows onto blockchain rails, as onchain reinsurance looks to attract institutional participation.

5 May 2026, 22:06

The world's entire economy will be tokenized, says Consensys’ Joseph Lubin

The Consensys CEO and founder said tokenization can be traced back to Ethereum, the blockchain he helped co-found.

5 May 2026, 21:25

How Solana Exchange Drift Plans to Repay Users After $295 Million Crypto Hack

Solana's Drift Protocol says most of the stolen funds linked to North Korean hackers remain traceable—and it has a plan to make victims whole.

5 May 2026, 20:56

Bitcoin hits $81,500 as spot ETF inflows top $500 million

🚀 $BTC broke past $81,500 with over $500 million in spot ETF inflows. Coinbase, Bullish, and Galaxy Digital each announced new major blockchain initiatives. Continue Reading: Bitcoin hits $81,500 as spot ETF inflows top $500 million The post Bitcoin hits $81,500 as spot ETF inflows top $500 million appeared first on COINTURK NEWS .

5 May 2026, 20:55

State Street and Galaxy Digital's new tokenized liquidity fund to support PYUSD

State Street Investment Management and Galaxy Digital have launched a tokenized liquidity fund aimed at giving institutional investors a way to move idle cash on-chain and earn yield in real time. The State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), announced May 5, is built initially on the Solana blockchain, with plans to expand to Ethereum and Stellar. The fund allows subscriptions and redemptions using PayPal USD ( PYUSD ), according to the official release . SWEEP allows subscriptions and redemptions using PYUSD The launch comes as asset managers look to modernize how cash is managed. Globally, money-market funds hold roughly $6 trillion in assets, forming a core part of institutional treasury operations. By contrast, tokenized U.S. Treasury products, while growing quickly, remain much smaller, estimated in the tens of billions of dollars, though expanding at rapid rates as more firms test blockchain rails. State Street, which oversees more than $5 trillion in assets, is now directly entering that space alongside firms such as BlackRock and Franklin Templeton, both of which have launched tokenized treasury offerings. Rather than operating as a pilot, SWEEP integrates core fund operations—subscriptions, redemptions, valuation, and reporting—onto blockchain infrastructure, allowing investors to move funds continuously instead of within traditional market hours. “This fund allows us to bring the TradFi landscape onchain in a resilient way, guided by our long-standing focus on innovation, risk management and client outcomes,” Yie-Hsin Hung, president and chief executive of State Street Investment Management, said in the company’s announcement. Galaxy Digital to provide the blockchain infrastructure Galaxy provides the blockchain infrastructure supporting the issuance and management of the fund, while Anchorage Digital serves as custodian for the stablecoin holdings. State Street Bank and Trust Company retains custody of traditional assets, and NAV Consulting acts as transfer agent. The fund also uses technology from Chainlink to publish daily net asset value data on-chain and enable interoperability across different blockchains. The launch expands an existing relationship between State Street and Galaxy Digital, which began in 2024 with a set of exchange-traded funds focused on digital assets. “For years we’ve argued that traditional finance and crypto would converge on the same rails,” Galaxy founder and CEO Mike Novogratz said in the same announcement. “We believe SWEEP is what that looks like in practice, with a fund managed by an experienced cash manager being available for investors onchain, on infrastructure Galaxy built for institutions.” What comes next? SWEEP was first outlined in late 2025, when Ondo Finance signaled a potential $200 million seed allocation through its OUSG fund, according to State Street materials, though it was not mentioned in the final launch announcement. The rollout now serves as a real-world test: whether institutional investors are ready to shift even a portion of their vast cash holdings onto blockchain infrastructure. For State Street and its peers, the bet is straightforward—if even a small share of the multi-trillion-dollar money-market ecosystem moves on-chain, tokenized liquidity funds like SWEEP could become a standard tool for managing capital globally. Your bank is using your money. You’re getting the scraps. Watch our free video on becoming your own bank

5 May 2026, 20:25

Andreessen Horowitz (a16z) has launched its fifth crypto fund, raising $2.2 billion

Andreessen Horowitz’s (a16z) crypto division announced its fifth and one of the largest dedicated crypto funds raised this year, with a $2.2 billion venture fund. The raise is the latest item on a growing list of institutional capital that has flowed into blockchain startups, even during a period that is generally regarded as a relatively subdued market. As Cryptopolitan reported , the $662.4 million raised across 64 rounds in April 2026 was the lowest over a one-month period in the last 12 months. a16z: Practical applications are the way forward Andreessen Horowitz (a16z) has raised $2.2 billion for its fifth crypto fund, one of the largest venture capital raises of the year, led by a16z crypto founder Chris Dixon alongside general partners Ali Yahya, Guy Wuollet, and Eddy Lazzarin. The team plans to invest in startups building practical applications on existing crypto infrastructure over the next decade. The new fund is smaller than the firm’s previous $4.5 billion crypto fund raised in 2022. However, it remains significantly larger than recent raises by competitors like Haun Ventures, which raised $1 billion, and Dragonfly Capital, which raised $650 million. The a16z fund is framed around the belief that crypto’s real value accrues between speculative peaks, when developers convert raw infrastructure into usable products. The firm used stablecoins as an example, stating that stablecoin usage has continued growing even through market downturns, driven by cross-border payments and savings. a16z argued that traditional assets are increasingly migrating to blockchain rails, highlighting the growth in perpetual futures, prediction markets, and on-chain lending since the last cycle. The firm’s confidence in the industry is also due to regulatory progress, for example, the GENIUS Act stablecoin bill that is currently working through Congress. Another market participant, Ethereal Ventures, co-founded by Ethereum co-creator Joe Lubin, revealed it manages just under $150 million across two funds. The firm has backed over 80 early-stage startups, including Eigen Layer, which reached a $1.05 billion valuation after a Series B round led by a16z. Jito, the Solana infrastructure firm that received a16z backing last year, announced plans to launch a consumer trading app called JTX in July. The company’s CEO Lucas Bruder revealed that it has “well north of $100 million” in cash and does not want to wait for others to build consumer experiences on top of its infrastructure. Traditional finance companies are moving into digital assets Traditional finance companies are also moving to integrate digital assets into their operations to satisfy customer needs. SIX (Swiss Stock Exchange Operator) received regulatory approval from FINMA to merge its digital securities depository into its main custody unit, allowing it to offer cryptocurrency custody services through the same regulated entity used for stocks and bonds. Head of Securities Services at SIX, Rafael Moral Santiago, said the company aims to provide financial institutions with “unified, secure and regulated” access to digital assets. Meanwhile, Securitize, in partnership with Cantor Equity Partners II (NASDAQ: CEPT) has launched fully on-chain, regulated trading of tokenized equities. In collaboration with Jump Trading and Jupiter, Securitize is using the Solana blockchain to allow trading of real stocks under existing securities laws. The smartest crypto minds already read our newsletter. Want in? Join them .