BlackRock Goldman JPMorgan Join UK Token Plan As Market Cap Hits $2.17 Trillion July 6



Big banks just joined a state led token push and market cap felt it. On July 13, BlackRock, Goldman Sachs, JPMorgan and Morgan Stanley joined UK gov token taskforce for fund token use, while SBI Holdings said it will pivot its block push to Solana for token share issuance. Total crypto market cap climbed back to $2.17 trillion on July 6 after Fed Chair Kevin Warsh flagged AI as a force that could cool inflation, easing yields and lifting risk.

Why this matters for July 17 tape is flow to tokenized money. Tokenized T bills on chain hit $6.8 billion this week, up $420 million in seven days, with BlackRock BUIDL still over $1.8 billion. JPMorgan Onyx did $320 million daily of token cash moves. One UK fund token pilot saw $180 million of money fund units move on chain with same day settle vs T plus 2 off chain.

On chain, Solana saw a bump from SBI news with DEX volume up 18% day over day and SOL up 4%. Ethereum L2s also saw token fund mint rise $210 million.

For traders, bank token taskforce is a slow burn bid for L1s that host real cash, mostly Ethereum and Solana. Hold L1 vs short high beta meme was a clean pair this week.

#Tokenization #UK #BlackRock #Solana #RWAs
BLK-0.70%
GS-0.25%
JPMG-1.52%
MS-0.01%
SOL-3.61%
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ThisIsTranslateContent:
· 33m ago
Just go for it 👊
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SDyahaya
· 46m ago
LFG 🔥
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SDyahaya
· 46m ago
2026 GOGOGO 👊
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ferit81
· 1h ago
2026 GOGOGO 👊
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PrinceMagsi786
· 1h ago
2026 GOGOGO 👊
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