Meta to Enable Stablecoin Payments for 3.35B Users; Securitize Gains Jump Crypto Investment, SOL Strategies Explores Tokenization on Solana

Meta Platforms Inc., the parent company of Facebook, is reportedly planning to introduce stablecoin payments across its platforms, including Facebook, Instagram, and WhatsApp. This initiative aims to enable crypto payments for its 3.35 billion users, according to reports from Fortune. In the realm of real-world asset (RWA) tokenization, Securitize has secured a strategic investment from Jump Crypto, the digital asset arm of Jump Trading. This move is seen as a signal of growing confidence in the tokenization sector, which is rapidly expanding with the total value locked in RWAs reaching $22.4 billion. Securitize, previously backed by BlackRock with a $47 million investment, has been tokenizing assets on the Ethereum blockchain, including its flagship BUIDL fund, which manages $2.86 billion in assets. Since its launch, tokenized Treasury products have surged 800% to nearly $7 billion, with Securitize’s products offering daily dividends and yield sharing to investors. The company is also preparing to launch a new blockchain called Converge in partnership with Ethena Labs, aimed at creating a compliant gateway for institutional capital into DeFi. On Monday, the SEC’s Crypto Task Force will host a roundtable on tokenization with issuers including Securitize. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io