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But we saved everything 🙂.
Jamie Coutts reports that tokenized stocks have reached $1.5 billion in products available for retail investors, while institutional participation remains limited.
He mentions that DTCC's Collateral AppChain (Besu) and Canton's issuance for DTC-custodied U.S. Treasury securities are paving the way for further developments, including Russell 1000 stocks and ETFs expected from July. A working group of over 50 firms, such as BlackRock, Goldman Sachs, JPMorgan, Bank of America, and Circle, is involved in these initiatives.
Coutts has tracked earlier signs of stress in digital asset markets. He reported that 79 percent of the top 200 crypto assets reached one-year lows in 2022, marking an increase in market weakness. In a separate post, he referenced UAE considerations around yuan oil pricing and a possible OPEC exit following a new dollar swap line. These developments provide further context to ongoing shifts in institutional engagement.