Project Progress

Gate News message, April 21 — According to DefiLlama founder 0xngmi, if Arbitrum prioritizes using seized funds for the Aave market on Arbitrum, bad debt could be significantly reduced. Under a "loss socialization" scenario, Arbitrum would face no bad debt at all; if rsETH on the L2 faces a

MetaComp debuts StableX Know Your Agent for regulated AI in payments, combining multi-vendor analytics to slash false clean rates, with AgentX Skills supporting Claude; aims for auditable cross-border finance via downloadable AI Skills. Abstract: MetaComp introduces the StableX Know Your Agent framework to govern AI agents in regulated payments and wealth management, covering identity, permissions, monitoring, auditing, and agent-to-agent interactions. It reduces false positives by parallel analytics from multiple vendors and enables auditable cross-border finance through downloadable AI Skills (AgentX), starting with Claude support and expansion across regions.

Qivalis, a 12-bank European consortium including BBVA and BNP Paribas, is advancing a euro-stablecoin with a planned H2 2026 launch, backed by Fireblocks for issuance and distribution and Dutch central bank oversight under MiCAR. Abstract: The Qivalis euro-stablecoin project, backed by 12 European banks and Fireblocks, targets a H2 2026 launch with Dutch central bank oversight under MiCAR, aiming to expand euro-denominated stablecoin use in institutional markets.

OCBC launches GOLDX, a tokenized physical gold fund on Ethereum and Solana with Lion Global Investors and DigiFT, targeting institutions and Web3 participants; tokenized RWAs reach $29B on chains. OCBC, with Lion Global Investors and DigiFT, introduced GOLDX, a tokenized version of the LionGlobal Singapore Physical Gold Fund on Ethereum and Solana. The product targets institutional investors and high‑net‑worth individuals, allowing purchases with stablecoins or fiat and delivery to blockchain wallets, providing on‑chain exposure to about $525 million in gold assets. OCBC views GOLDX as a milestone linking traditional finance with the decentralized finance ecosystem to attract Web3 participants. The broader context shows rapid growth in tokenized real‑world assets, with RWAs on public blockchains exceeding $29 billion by mid‑April 2026, while gold prices traded in a tight range around $4,775–$4,831 per ounce.

Aave announced on X on April 21 that the WETH reserves in the Ethereum Core V3 market have been unfrozen, and users can supply WETH to Ethereum Core V3 again; the WETH loan-to-value ratio (LTV) remains at 0. WETH reserves on Ethereum Prime, Arbitrum, Base, Mantle, and Linea remain frozen.

Ice Open Network posted on X on April 20, confirming that a data breach occurred last week. The cause was that after four business partners terminated their business relationship with a third-party service provider, they still accessed external servers, leaking users’ email addresses, 2FA phone numbers, and identity-linked data. The background of this incident is that the ION token had already crashed by 93% two weeks ago, and the project team is in a period of large-scale emergency restructuring.

Ripple Engineering Senior Director Ayo Akinyele released the latest “Insight” report on April 20, outlining a multi-stage roadmap aimed at ensuring XRP ledgers (XRPL) have fully post-quantum security capabilities by 2028. Ripple is working with Project Eleven to accelerate development, including validating node tests and early custody prototype.

Kelp DAO issued a statement on April 21 rebutting LayerZero’s criticism of its 1/1 DVN configuration, pointing the root responsibility for the $292 million vulnerability in this incident to LayerZero’s infrastructure. Aave released an event impact assessment report: under a scenario where losses are evenly distributed, about $124 million; under a scenario where losses are concentrated on L2, they reach up to $230 million.

Mizuho Financial Group, Nomura Holdings, Japan Securities Clearing Corporation (JSCC), and Digital Asset jointly announced on April 21, 2026 (Monday) that they will launch a pilot for Japan government bond (JGB) collateral management on the institutional-grade blockchain platform Canton Network, with the goal of enabling around-the-clock, real-time collateral exchanges between custodians across accounts.

Pi Network co-founder Nicolas Kokkalis will speak at Consensus 2026, addressing online identity verification amidst AI challenges. The network is experiencing rapid development, having achieved significant milestones, including protocol upgrades and smart contract launches, while also enhancing security and user verification.

Tencent QClaw launched its overseas beta on April 21, featuring over 80 improvements from the domestic version. Users can earn daily tokens, with the initial launch available in multiple languages across various countries.

RedotPay has integrated SUI and USDC-Sui, allowing users to spend tokens and transfer funds in local fiat across 100+ countries. With 7 million users and $10 billion in annual payments, RedotPay is already profitable. The integration highlights fintech's shift towards blockchain solutions for international transactions.

On April 18, a Kelp cross-chain bridge exploit led to the theft of $292 million in rsETH. Lido reported $21.6 million in exposure via its EarnETH vault, prompting Aave to freeze relevant markets. EarnETH has paused transactions and is deleveraging, while Lido's DAO treasury implemented a $3 million protection mechanism to cover potential losses. The core staking protocol remains unaffected.

Ripple has developed a four-phase roadmap to secure the XRP Ledger against quantum computing threats by 2028, addressing concerns over blockchain cryptography vulnerabilities. Key phases include researching quantum risks and implementing advanced security methods. XRP Ledger is currently better equipped than Bitcoin, with built-in key rotation enhancing safety.

Hong Kong's Securities and Futures Commission (SFC) has established a regulatory framework for round-the-clock trading of tokenized products on licensed platforms. With 13 tokenized products and approximately HK$10.7 billion in assets, this initiative aims to integrate traditional finance with Web3 through regulated stablecoins and tokenized deposits, enhancing liquidity.

JSCC, under the JPX Japan Exchange Group, partnered with Mizuho, Nomura, and Digital Asset to launch a concept proof-of-concept project based on the Canton network. The project will test the feasibility of Japanese government bonds as digital collateral, with the aim of improving liquidity and management efficiency in financial markets, and ensuring it does not conflict with existing regulations. The initiative also covers cross-border trading scenarios, signaling the application potential of Japanese government bonds in the digital asset space.

Vitalik Buterin presented Ethereum's five-year roadmap, focusing on quantum security and scalability. Key goals include increasing gas limits, implementing Zero Knowledge Proofs, and enhancing transaction confirmation times by 2028, despite challenges with quantum-resistant signatures.

Nexchain introduced Smart Actions, a suite of intelligent modules designed to transform blockchain networks from manual, reactive systems into autonomous and self-optimizing environments, according to an announcement on April 18, 2026. The product reflects the company's commitment to building

The Hong Kong Securities and Futures Commission will issue two guidance circulars for tokenized products in 2026, covering primary-market subscription and redemption and secondary-market trading requirements, respectively. The circulars will clearly define the responsibilities of product providers, liquidity requirements, and fair pricing mechanisms. The new regulatory framework will affect how the industry operates and will create new business opportunities for compliance lawyers, forming a template for tokenized finance regulation in the Asia-Pacific region.

World has launched an upgraded World ID protocol for secure digital verification in various sectors. It enhances privacy and supports AI applications while managing user identities across 160 countries, verifying nearly 18 million individuals.