Project Progress

BitGo partners with Matter Labs of ZKsync to provide banks with end-to-end infrastructure for tokenized deposits, helping bring traditional currency to blockchain without violating regulations. This integration combines BitGo's custody services and ZKsync's Prividium permissioned privacy blockchain, which is designed specifically for regulators, enabling financial institutions to issue and settle tokenized deposits. This move reduces compliance friction, allowing banks to smoothly transition to blockchain technology.

Franklin Templeton is partnering with Ondo Finance to tokenize ETFs and traditional investment products, delivering them to users through blockchain technology, marking a convergence of traditional finance and crypto infrastructure. Tokenization serves as a new distribution mechanism for ETFs, enabling on-chain users to enjoy low-cost passive index investing, though regulatory frameworks remain unclear, impacting the broader adoption of tokenized assets.

Anza has introduced the Constellation Protocol, aimed at eliminating monopolies held by Solana's rotating leaders through a multi-concurrent proposer system and mandatory inclusion thresholds, ensuring transaction ordering is no longer controlled by a single leader. The protocol will feature economic cycles as short as 50 milliseconds and redesign fee structures to eliminate maximum extractable value (MEV) opportunities. Anza plans to launch the Alpenglow mainnet in 2026, further advancing blockchain decentralization.

Visa recently became a super validator of Canton Network and obtained the highest voting weight, marking its first participation in blockchain governance. Visa will advance institutional partnerships, expand stablecoin business, and directly participate in governance decisions. Canton provides privacy protection, which is particularly important for traditional financial institutions, and emphasizes that Visa will not abandon other blockchain deployments.

Elon Musk's social media platform X has appointed Benji Taylor as Head of Design, responsible for platform-wide design, particularly ahead of X Money's launch. Taylor brings extensive cryptocurrency background, including experience with self-custodial wallets and DeFi protocol design. X Money is set to launch in the United States in April 2024, with initial features focused on traditional financial services, and it remains unclear whether blockchain or cryptocurrency functionality will be integrated.

Solana's Chief Product Officer stated that the Solana network has processed 15 million on-chain payments from AI agents, with stablecoins becoming the primary settlement tool. The programmable nature of AI payments gives them an advantage in cryptocurrency payments, and it is expected that most crypto transactions will be initiated by large language models in the future.

Cryptocurrency incubator Obex announces deployment of $1 billion to connect Sky ecosystem's USDS stablecoin with real-world assets, focusing on investments in credit, energy, and AI assets to enhance USDS holder yields and drive the Sky ecosystem beyond pure crypto returns. Sky is the world's third-largest stablecoin issuer and plans to increase USDS supply to $20 billion.

At the New York Digital Assets Summit, Solana executive Vibhu Norby revealed that the network has processed 15 million on-chain payments from AI agents, with stablecoins serving as the primary settlement tool. The programmable nature of AI payments will revolutionize internet business models, and he predicts that 95% to 99% of crypto transactions in the future will be initiated by large language models.

Franklin Templeton partners with Ondo Finance to launch tokenized versions of five ETFs, targeting crypto-native investors. These on-chain funds will enable 24/7 trading and integrate into DeFi. The move marks a significant expansion into tokenization for Franklin Templeton.

BitMine announces the launch of MAVAN, an institutional-grade Ethereum staking platform that supports validator infrastructure for both internal and external clients. The platform is expected to expand to more ETH assets, combining U.S. and global infrastructure. Recently staked 101,776 ETH, with projected annual returns approaching $300 million.

In brief Franklin Templeton and Ondo Finance are teaming up to tokenize five of the financial giant's ETFs. Offerings include Franklin Templeton's responsibly sourced gold ETF and its high-yield corporate ETF. The tokenized ETFs will be offered via Ondo's Global Markets platform, which

Bitcoin Depot undergoes leadership changes, with Alex Holmes replacing Scott Buchanan amid increasing regulatory scrutiny and a projected revenue decline of 30-40%. The company faces heightened compliance costs and challenges in the Bitcoin ATM sector.

Solana Foundation plans to position its network as core infrastructure for an emerging "agentic internet," where AI systems initiate economic activity. Chief Product Officer Vibhu Norby stated that AI will impact various industries, and Solana's payment infrastructure has already processed approximately 15 million agent-initiated payments. In the future, this will reshape internet business models and drive the development of micropayments and pay-per-use models.

Obex is deploying $1 billion to link Sky's USDS stablecoin with income from tangible assets, moving beyond crypto yields. The initiative includes partnerships to tokenize real-world assets, aiming for stable returns and broader investment access, while expanding the tokenized asset market's rapid growth.

The Solana Foundation aims to establish its network as essential for a new "agentic" internet driven by AI, focusing on payments and machine-to-machine commerce. This shift could transform internet monetization and user interactions with crypto, emphasizing Solana's advantages in programmatic payments.

Deloitte and Stablecorp are partnering to integrate QCAD into banking systems, enhancing digital transactions. This initiative supports Canada's Bill C-15, focusing on interbank clearing, cross-border payments, and improving payment efficiency using blockchain.

NYSE partners Securitize to build tokenized securities platform enabling on-chain trading and settlement. Securitize named digital transfer agent to mint securities and manage ownership on blockchain systems. Platform targets institutional use with continuous trading and

Gate News report: On March 25, Sonic official announced that the block explorer Sonicscan came back online and completed full synchronization approximately 45 minutes ago. During this period, the Sonic network maintained normal operation throughout, with transaction processing and user fund security unaffected in any way. The team is currently conducting a post-mortem review of the incident and will disclose more details after reaching clearer conclusions.

Ondo Finance and Franklin Templeton are collaborating to create tokenized versions of traditional investment products, enabling users to invest in real-world assets through blockchain without brokerage hassles. This partnership aims to educate users and explore the regulatory landscape, potentially reshaping asset access and distribution in finance.

Franklin Templeton collaborates with Ondo Finance to launch tokenized ETFs that can be traded directly in crypto wallets, supporting 24/7 trading and covering assets including U.S. equities, fixed income, and gold. The product will initially launch in multiple regions, with the U.S. market pending regulatory approval.