Polygon Labs announced Sept. 12 that it is partnering with Dubai-based Cypher Capital to expand institutional access to POL, the native asset powering the Polygon blockchain, across the Middle East.

The initiative marks the first in a series of efforts to bring professional investors into direct engagement with Polygon’s infrastructure.

POL will be positioned as an institutional-grade asset offering real yield, with roundtables, liquidity improvements, and structured opportunities aimed at funds, corporates, and other large allocators.

Polygon co-founder Sandeep Nailwal said in a statement:

“Institutional demand for real yield on crypto is already in high demand, and keeps growing.”

He added that the program is designed to “translate that value into institutional-grade opportunities, offering a path for investors to earn real yield by engaging directly with the economic engine of the Polygon ecosystem.”

Cypher Capital, a venture and investment firm active in the region, will help Polygon navigate regulatory and capital market settings.

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The program is expected to highlight POL as a core portfolio asset for professional investors seeking exposure to blockchain infrastructure, global payments, and real-world asset transactions.

The announcement comes as Polygon continues to advance its “GigaGas” roadmap, which Nailwal said has already delivered sub-five-second finality and throughput of up to 1,000 transactions per second.

Future milestones aim to establish Polygon as a high-performance settlement layer for the “trustless internet of value.”

The rollout illustrates a broader push by leading blockchain projects to build institutional pipelines in growth markets, where interest in digital assets and tokenized products continues to climb.

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Ripple has expanded its European footprint by joining forces with Spanish banking giant BBVA to introduce a digital asset custody service.

Announced on Sept. 9, the initiative extends Ripple’s institutional custody platform into Spain, giving BBVA the tools to store and manage cryptocurrencies and tokenized assets securely.

BBVA can scale its digital asset offering by deploying Ripple’s custody technology while staying within strict regulatory and security standards. The service positions the bank to meet rising demand from customers who want direct access to crypto without relying on third-party intermediaries.

This move comes as BBVA rolls out retail services for Bitcoin and Ethereum trading and custody in Spain. The bank’s customers can now buy, sell, and hold the two top cryptocurrencies directly through its mobile application.

BBVA said it has disclosed the new retail offering to Spain’s National Securities Market Commission (CNMV).

The bank stressed that all services are designed to comply with the EU’s new Markets in Crypto-Assets (MiCA) law, meaning customers initiate transactions themselves through the app.

MiCA compliance

Ripple’s European managing director, Cassie Craddock, said these developments reflect the market impact of MiCA among traditional European banks. With MiCA now in place, she explained, banks across the bloc feel more confident about launching digital asset services that customers have requested.

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BBVA executives echoed this sentiment, while adding that the partnership allows the bank to expand its end-to-end crypto services

Francisco Maroto, who leads BBVA’s digital asset unit, noted that Ripple’s custody system offers the operational reliability and security needed to build customer trust.

He added:

“Through this agreement we can deliver on our goal of supporting our customers to explore digital assets, backed by the strength and security of a bank like BBVA.”

This collaboration follows earlier projects between Ripple and BBVA in Turkey and Switzerland.

Notably, BBVA’s Switzerland had previously collaborated with Ripple-owned Metaco to build its digital asset operations in 2023.

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Chinese fintech company Linklogis has announced a partnership with the XRP Ledger (XRPL) to digitize global supply chain finance, according to a recent statement.

The move will see Linklogis deploy its trade finance application on XRPL’s mainnet, a step aimed at scaling blockchain adoption for cross-border settlements.

The collaboration is designed to unlock faster circulation of digital assets tied to international trade flows. Linklogis intends to simplify settlement for exporters, importers, and financiers by linking its financial infrastructure with XRPL.

Beyond the initial rollout, both sides have committed to developing new products on XRPL.

These include stablecoin-based settlement systems and smart contract platforms that can bring supply chain real-world assets (RWAs) into tokenized form.

Linklogis also signaled that it will explore using artificial intelligence with blockchain to improve trade finance efficiency.

According to the firm, its “Go Early” and “Go Deep” business programs processed more than RMB 20.7 billion (about $2.8 billion) in cross-border assets last year. By anchoring those flows to XRPL, Linklogis aims to extend efficiency and transparency across global supply chains.

XRPL’s expanding RWA footprint

The integration comes as XRPL accelerates its adoption across RWA sectors.

Data from RWA.xyz shows the network’s tokenized RWA volume climbed 22.81% in the past month, reaching roughly $305.8 million. That growth has positioned XRPL as the ninth-largest blockchain by RWA value, supported by its expanding roster of enterprise partners.

Notably, XRPL’s recent global partnerships highlight its growing relevance in tokenization.

The Dubai Land Department adopted the ledger to power its real estate tokenization program earlier this year in May. A month later, RWA platform Ondo Finance launched tokenized US Treasuries on the network.

Momentum has also spread to Latin America. Brazilian securitization firm VERT issued a 700 million real ($130 million) Agribusiness Receivables Certificate on XRPL through a blockchain-based private credit platform.

Around the same time, exchange Mercado Bitcoin disclosed plans to tokenize more than $200 million in fixed-income and equity products on the ledger.

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Trump Media and Technology Group announced a $6.42 billion deal with Crypto.com, creating the Crypto Treasury Firm, which was published via SPAC Merger. Partners will focus on the accumulation of CROs. Native tokens from Cropto.com. But lolIs the hat a merger of SPAC? Special Purpose Acquisition Company (SPACS) are established to raise capital through IPOs and can then be used to acquire or merge with other companies.

As announced by TMTG August 26, 2025, “The Trump Media Group CRO Strategy will use funds to establish the Department of Digital Assets Treasury for CRO, the native token of the Chronos Blockchain Ecosystem.”

Interestingly, in May 2025, Trump Media announced a $2.5 billion contract with crypto.com for the Bitcoin Treasury Department. TMTG’s latest $6.42 billion announcement continues in the strategy playbook of Michael Saylor, who began accumulating Bitcoin in 2020.

Comment on the partnership said Devin Nunes, chairman and CEO of TMTG. “Every day, financial markets are becoming digital, and businesses of all sizes and sectors are strategically planning their future by creating comprehensive value propositions and establishing a digital asset treasury centre on assets poised for even greater utility.”

Breaking news:

Today is a historic day $ cro

Trump Media Group CRO Strategy has announced $6.4 billion in funding to build the US Chronos Treasury Department.

Upon closure, the Trump Media Group CRO strategy is expected to become the world’s largest owner of CRO.

Read the press release for more details… pic.twitter.com/qqrszllku4

– crypto.com (@cryptocom) August 26, 2025

Exploration: Cronos Crypto: Trump Media uses crypto.com

The largest publicly traded finance company? The largest digital asset financing company in history and market capitalization ratio?

TMTG-Crypto.com’s Digital Assets Treasury forecast funds consist of $1 billion in CRO, $200 million in cash and $220 million in cash mandatory warrants, with an additional $5 billion in stock from Yorkville affiliates. TMTG said this would “be the first publicly released CRO finance company, as well as the largest digital assets and market capitalization ratio in history.”

Nunes said, “We are excited to continue to be bullish on cryptocurrency, partner with Crypto.com’s industry’s leading global cryptocurrency platform, and partner with one of Yorkville’s most sophisticated investor groups for this strategic initiative.”

Furthermore, TMTG argued that it focuses on yield generation and ecosystem-aligned assets rather than traditional unproductive holdings. The company said its CRO strategy aims to improve capital efficiency.

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“The vast size and structure of this project covers more than the current market capitalization of the CRO.”

$ cro It rose 40% in USD 100 million + 24-hour trading volume following the historic Treasury announcement of $6.4 billion by the Trump Media Group CRO strategy. $ djt It’s up over 5% in news.

The CRO, currently held under the Trump Media Group’s umbrella, currently has a value of over $1.5 billion.

-Kris | crypto.com (@kris) August 27, 2025

Crollal recovered as he registered an intraday profit at 20-30%. Furthermore, I checked Tump Media Stock (DJT) high. However, Yorkville soaked modestly.

crypto.com Co-founder and CEO Kris Marszalek said: “The vast scale and structure of this project is greater than the current market capitalization of the CRO, covering an additional $5 billion credit facility to add more than $400 million in cash and an additional $5 billion in credit facilities.”

“This, coupled with the shared lockup by each party and the Treasury’s validator strategy, makes it a unique and attractive offering compared to all other digital assets and Treasury ministries,” added Marszalek.

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Crypto exchange-traded fund (ETF) issuers are likely to partner with centralized staking providers following approval, but will eventually pivot to decentralized protocols as regulatory frameworks mature.

The Securities and Exchange Commission’s (SEC) Aug. 5 statement that liquid staking activities and staking receipt tokens do not constitute securities offerings removed the final regulatory hurdle for staking-enabled crypto ETFs.

As a result, VanEck and Jito filed for a Solana liquid staking ETF on Aug. 22, representing months of regulatory outreach that began with SEC meetings in February.

The partnership joins Canary Capital and Marinade among issuers partnering directly with liquid staking protocols, while Canary amended its Solana ETF filing in May to name Marinade Select as its staking provider. However, these two might be the exception.

Max Shannon, senior research associate at Bitwise, expects most issuers will start with centralized providers due to clearer compliance frameworks and legal accountability structures.

In a note, he said:

“DeFi partnerships are still possible, but probably through intermediaries that handle the regulatory layer while routing funds into protocols.”

However, Shannon anticipates a gradual shift toward hybrid or direct DeFi integrations as regulatory environments mature.

Sid Powell, CEO and co-founder at Maple Finance, echoed Shannon’s remarks. He predicted that ETF issuers would initially work with established custodians like Coinbase or Fidelity for operational simplicity, but he stressed that these custodians are building bridges into DeFi protocols.

Powell assessed via a note:

“The regulatory clarity creates a clear path that benefits the ecosystem across CeFi and DeFi: institutional capital flows to trusted custodians who then safely allocate into high-performing staking infrastructure.”

Misha Putiatin, co-founder of Symbiotic, views the distinction between centralized and decentralized as less critical than revenue diversification opportunities.

According to a note shared by Putiatin:

“The key is that each asset can now generate multiple revenue streams, and ETFs will diversify their offerings around these.”

He cited strong decentralized options that already compete effectively in compliance, traditional finance integration, and performance metrics.

Impact on DeFi

Powell expects institutional validation to transform liquid staking protocols from experimental DeFi infrastructure into core financial architecture:

“ETF and DAT [digital asset treasuries] structures will channel billions through qualified custodians into liquid staking protocols, potentially increasing current AUM by orders of magnitude.”

Yet, Shannon warns that concentration risk could emerge if flows concentrate in one or two protocols, potentially attracting closer regulatory oversight.

Nevertheless, he expects even small ETF allocations could massively boost total value locked, strengthening liquidity and utility of liquid staking tokens.

Lastly, Putiatin believes that the interaction between ETF issuers and DeFi protocols could reshape yield structures. He noted that this movement opens the door to more active strategies that demand crypto native expertise far beyond traditional capital allocation.

The regulatory clarity is positioning staking ETFs as a vehicle to capture institutional capital that has waited on the sidelines while preserving compliance requirements through established custodial relationships.

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According to Thumzup Media’s filing and press release, the Nasdaq-listed company completed a $50 million secondary offering at $10 per share to fund crypto mining and expand a multi-asset treasury.

The company said it will buy mining rigs and add assets such as XRP, BTC, ETH, SOL, LTC, USDC and DOGE to its balance sheet.

The move comes after Thumzup set an internal target to grow a digital asset pool to $250 million and authorized up to 90% of its liquid assets to be held in cryptocurrencies.

Thumzup Expands Crypto Treasury

Robert Steele, Thumzup’s CEO, called the raise a step toward a “strategically managed” digital asset treasury. According to the company, Coinbase Prime will remain custodian and prime broker for the new holdings.

The firm also disclosed a Bitcoin-backed credit facility arranged with Coinbase Prime in May 2025 that is meant to provide flexible capital to support its treasury plan. This is a bold pivot for a publicly traded firm and will draw close scrutiny from investors and regulators alike.

Mining Push And Capital Use

Based on reports, the $50 million proceeds will be split toward mining equipment purchases and direct crypto accumulation. Mining requires machines, space, and power, and Thumzup says it will deploy capital to expand operations.

That’s the part that could either add steady revenue if done well or become a heavy drain on cash if costs rise or market prices tumble. The company didn’t give a detailed commissioning schedule in the initial release, so the timing of any meaningful hash rate increase remains unclear.

Peers And Market Moves

Reports have disclosed a string of similar corporate moves in recent days. Vivopower announced a partnership with Crypto.com for institutional custody.

Metaplanet Inc. of Japan reported a 468% Bitcoin yield in the second quarter of 2025, after holding 18,113 BTC valued at $2.1 billion following a $61 million BTC purchase.

Thumzup’s action sits squarely alongside these shifts as Bitcoin surged to a new all-time high.

A Risky Bet For Shareholders?

If cryptocurrency prices keep rising and margins in mining are still healthy, the plan could deliver very strong returns.

But pooling as much as 90% of liquid assets into digital tokens will expose the company’s balance sheet to sudden swings.

The mining expansion will be a big-ticket item that needs to be executed with care.

Given that the company is associated with US President Donald Trump’s family, the expansion will draw increased media and political scrutiny.

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The growing intersection between traditional finance and digital asset infrastructure has taken another step forward, as Goldman Sachs and BNY Mellon announced a joint initiative aimed at integrating blockchain technology into the money market fund (MMF) ecosystem.

The collaboration will see BNY Mellon leverage Goldman Sachs’ GS DAP® (also known as its private blockchain) to maintain a mirrored tokenized record of customer ownership in select MMFs. This marks the first instance in the United States where mirrored tokenization will be used to reflect ownership in MMFs through a blockchain-based ledger.

The rollout includes major asset managers such as BlackRock, BNY Mellon Investment Management’s Dreyfus, Federated Hermes, Fidelity Investments, and Goldman Sachs Asset Management.

Investors will now be able to subscribe to and redeem MMF shares using BNY’s Liquidity management platform, which has been integrated with its digital assets platform to connect with the private blockchain.

The mirror tokens created on the Goldman Sachs’ private blockchain platform do not replace official records but serve as a complementary layer that increases the accessibility and potential use cases of MMF shares in a digitized financial ecosystem.

Blockchain Integration to Expand MMF Utility

The mirrored tokenization of MMF shares using blockchain represents a new model for fund management infrastructure. Although the underlying assets remain managed through traditional custodial and compliance channels, the blockchain layer enhances interoperability and real-time transferability.

Goldman Sachs’ GS DAP®, is built on smart contract technology from the startup Digital Asset and offers programmable finance functionality for institutions.

BNY Mellon’s LiquidityDirectSM platform is also one of the leading portals for institutional cash investors, and the integration of the private blockchain opens the door to extending MMF shares into use cases like collateral optimization and intraday liquidity management.

According to Laide Majiyagbe, BNY Mellon’s Global Head of Liquidity, Financing and Collateral, “Mirrored tokenization of MMF shares is a first step in this transition,” noting the company’s position as a link between established financial systems and new technology.

GS DAP® was previously piloted for bond issuance on blockchain networks in Asia and Europe. Its adaptation for MMF share representation in the US signals a broader vision for tokenizing real-world assets beyond equities and debt, potentially reshaping capital markets infrastructure.

This particular use case focuses on liquidity and settlement efficiency in short-term investment vehicles, valued at over $7 trillion globally, according to ICI data.

A Step Toward Collateral Utility and Global Scalability

Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, emphasized the potential benefits of using tokenized MMF shares as collateral in various trading and settlement contexts.

“Using tokens representing the value of shares of Money Market Funds on GS DAP® would enable us to unlock their utility as a form of collateral and open up more seamless transferability in the future,” he said in a statement.

BNY Mellon will continue to serve as the official recordkeeper, maintaining existing regulatory compliance and settlement protocols. However, the addition of tokenized mirrors creates new flexibility for financial institutions seeking to modernize collateral management and liquidity strategies.

While this initiative currently focuses on US MMFs, both institutions signaled interest in expanding the model globally, potentially applying similar technology to other fund structures and asset classes.

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A multi-billion-dollar bank is teaming up with the largest crypto exchange in the US to serve institutional investors.

According to a new press release, PNC Bank announces it is partnering with Coinbase for both digital asset and traditional banking services.

While Coinbase will assist PNC with their Crypto-as-a-Service (CaaS) model, allowing clients to buy and hold digital assets, PNC will provide Coinbase with “select banking services.”

Says William S. Demchak, PNC chairman and CEO,

“Partnering with Coinbase accelerates our ability to bring innovative, crypto financial solutions to our clients. We will also provide PNC’s best-in-class banking services to Coinbase. This collaboration enables us to meet growing demand for secure and streamlined access to digital assets on PNC’s trusted platform.”

Added Brett Tejpaul, head of Coinbase Institutional,

“PNC is a market leader in delivering best-in-class products for their clients. We’re thrilled to support their entry into the digital asset market with our leading Crypto as a Service platform, which provides PNC with a powerful set of tools to develop a scalable, high-growth business, built on a foundation of uncompromising security.”

Last month, Coinbase announced that it was partnering with another financial giant, JPMorgan, to launch a token on the exchange’s proprietary Ethereum (ETH) layer-2 blockchain, Base.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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