Bitcoin-Backed Lending Surges in Japan, HSBC Tokenizes First Structured Product
In a significant development for the cryptocurrency sector, Bitcoin-backed lending is experiencing a surge in Japan, while HSBC has tokenized its first structured product on a blockchain. These events highlight the growing integration of traditional finance with digital assets.
EDX Markets Raises $76M in Series C
EDX Markets, a digital asset exchange backed by major financial institutions, has secured $76 million in a Series C funding round led by SBI Holdings. The investment underscores increasing institutional interest in regulated crypto trading platforms.
HSBC Enters Blockchain Structured Products
HSBC has issued its first blockchain-native structured product in Hong Kong, marking a milestone for the bank's digital asset strategy. The tokenized product leverages distributed ledger technology to enhance efficiency and transparency.
Metaplanet Explores Bitcoin-Backed Digital Credit
Japanese firm Metaplanet is exploring Bitcoin-backed digital credit services, aiming to offer loans secured by Bitcoin holdings. This move aligns with the broader trend of using crypto assets as collateral in lending.
Other Notable Developments
- Toss is launching a won-pegged stablecoin on the OP Stack, a layer-2 scaling solution.
- Aave Labs has introduced Stable Vaults designed for fintech companies to earn yield on stablecoins.
- MARA is acquiring a Texas site in a $600 million Bitcoin and AI deal, expanding its mining and AI infrastructure.
These stories, covered in the July 11, 2026 edition of Web3 Daily Briefing, illustrate the rapid evolution of blockchain-based financial services and the increasing convergence of traditional and decentralized finance.