Coinbase Tokenized Stocks Top $1B in DEX Volume on Base in One Month

Krungthai Bank has launched PromptFund, a real-time fund service that applies blockchain technology to real-time fund trading. Customers can buy and sell funds with the bank instantly at any time, every day, including holidays. Sell and receive money immediately; buy and receive fund units immediately. This helps reduce the time constraints of the past, when customers had to wait overnight or several days. Customers can also see real-time trading prices to make decisions before placing orders. Mr. Payong Srivanich, President and Chief Executive Officer of Krungthai Bank, said the launch of PromptFund is a major transformation of Thai investing, building on the Digital Bond, Gold Wallet, and Global Savings services under the concept "60 Years Krungthai, Every Step for a Million Futures." Ms. Pornanong Budsaratragoon, Secretary-General of the SEC, said the SEC supports applying Distributed Ledger Technology and Blockchain in the capital market alongside Use Case testing under the Regulatory Sandbox, and is pushing for amendments to the Securities and Exchange Act, which the House of Representatives already approved in principle in the second quarter, to support the issuance of securities by electronic means. The launch of PromptFund is another step in applying the Tokenization policy to real financial services, in line with the SEC's efforts to drive the Digital Securities Ecosystem, or DSE.

Securitize Corp. has sealed a deal with ARK Invest to tokenize the ARK Venture Fund, its first tokenization contract since the Securities and Exchange Commission issued what it called the Innovation Exemption allowing tokenized representation of traditional securities. The ARK Venture Fund, an actively managed closed-end interval fund holding private and public companies such as OpenAI, Anthropic, Stripe and Databricks, will become available on Ethereum, with Securitize providing the infrastructure for onchain issuance and the investor experience. ARK Invest CEO Cathie Wood said tokenizing the fund puts the firm's conviction in the evolution of capital markets into practice and called the partnership a natural extension of its mission to democratize access to disruptive innovation. Following the SEC's rules issuance on tokenized securities, Cantor Fitzgerald initiated coverage with a buy recommendation and a $21.20 price target, while Rosenblatt raised its price target to $13 from $11, citing the Innovation Exemption as a significant catalyst. Securitize manages around $5 billion of tokenized assets under management across 23 public blockchains, and the article notes that traditional financial assets total $319 trillion worldwide with only $39 billion, or 0.01 percent, currently on-chain.

Korn Chatikavanij supports amending capital market and digital asset laws to unlock the ability for Thai stocks to be listed on blockchain and to open the door to Stablecoin for payments. The approach aims to drive the official use of digital assets in Thailand's capital market, both through tokenizing securities on blockchain and using Stablecoin as a payment channel. Reports say this push involves the issues of Blockchain, Stablecoin, Thai Baht Stablecoin, Tokenization, and USDT, as well as the role of the Bank of Thailand and Thai financial innovation. The news was reported by the Thai news agency Efinancethai.