RockawayX launches $150 million Catapult Program, positioning yield as the next major on-chain use case.

Hardware wallet maker Ledger has partnered with Payward, parent company of crypto exchange Kraken, to enable investors to hold tokenized stocks offline. Ledger says customers using Payward’s stock trading platform xStocks can request counterparties to sign transactions via their Ledger devices before completion, acting as a final security safeguard. Beyond its basic custody service, Ledger devices — which also offer a trading platform — will now integrate xStocks functionality.

Paxos Labs has announced the launch of PAXGy, a gold-backed token that appreciates in value based on gold ounces, with the gold token PAX Gold (PAXG) as its underlying asset. PAXG is fully collateralized by investment-grade gold held in LBMA vaults and independently verified by KPMG. Holders can acquire PAXGy by depositing PAXG or converting accepted stablecoins. Bhau Kotecha, co-founder of Paxos Labs, said: "Gold has been lent for thousands of years, and institutions have been earning returns on their gold bar reserves for decades, but this market has never been open to ordinary gold holders. PAXGy will bring these economic returns to anyone who can hold the token."

Beating AI Express, as reported by The Information, an AI safety initiative jointly pushed by Google, OpenAI, and Anthropic is taking initial shape. The new AI safety standards body being established by the three parties is tentatively named the "Frontier AI Standards Institute". The organization plans to operate independently to fill gaps in government regulation and has reached out to Sriram Krishnan to invite him to serve as its CEO.

Solari Capital founder AJ Scaramucci announced the end of the firm’s stealth operations. Since its establishment, Solari has deployed approximately $350 million across early-stage investments, late-stage growth equity, and internal incubated projects. Scaramucci put forward the investment thesis of "Programmable Reality", arguing that as computing power continues to advance, fields including biology, intelligence, matter, and currency will gradually become "underlying materials" that can be programmed and engineered via software. Solari’s investment portfolio spans AI, computing power, foundation models, computational biology, gene therapy, aerospace, energy, semiconductors, robotics, blockchain infrastructure, and DeFi, with investments covering projects such as xAI, Suno, Tessera Therapeutics, Varda Space, Giga Energy, and Fission Labs.

Cathie Wood’s ARK Invest has announced a partnership with tokenization platform Securitize to tokenize its ARK Venture Fund (ARKVX), which holds stakes in leading private tech firms including OpenAI, Anthropic, Stripe, and Databricks. The tokenized fund units will first be issued on Ethereum, with potential expansion to other blockchains later. Securitize will handle on-chain issuance and investor experience, and plans to offer daily net asset value (NAV) calculations and on-chain secondary market trading functions. Notably, the tokenization does not put underlying assets directly on-chain; investors hold on-chain certificates representing fund equity. ARK previously made a strategic investment in Securitize, and the two parties will continue collaborating to bring more compliant investment products onto the blockchain.

According to the latest compiled data on stablecoin current wealth management and earning products from HTX, Binance, OKX, and Bitget, major platforms still generally adopt a mechanism of "high returns for small amounts, tiered reduction for excess amounts". OKX’s yields are presented on an after-15% fee basis. For USDT: HTX’s 0-200 USDT tier offers a 10% annual percentage yield (APY), dropping to 1.95% for excess amounts; Bitget’s 0-300 USDT tier yields 8.02% APY, with excess amounts at 3.36%; Binance’s 0-1,000 USDT tier is 7.22% APY, excess at 3.22%; OKX’s rate stands at 2.60%. For USDC: HTX’s 0-200 USDC tier has an 8% APY, excess at 2.75%; Binance’s 0-300 USDC tier is 7.26% APY, excess at 2.26%; Bitget’s 0-300 USDC tier is 6.66% APY, excess at 1.83%; OKX’s rate is 2.56%. For other stablecoins: HTX’s USDT SVIP tier offers 6%-9% APY, applicable for amounts between 50,000 and 100,000; Binance’s USDT SVIP is 2.6%-2.65% APY; Bitget’s USDT SVIP 0-300,000 tier is 2.88% APY, excess at 1.88%. For USDE: HTX has tiered rates of 5% and 3%, Binance offers 4.75% APY, Bitget offers 7.10% APY; HTX’s USDD is 4.00% APY; Binance’s U product 0-8,000 tier is 6.63% APY, excess at 0.63%, while Bitget’s U product is 1.50% APY. Overall, high returns remain concentrated in small amount tiers, with APYs generally declining as capital size grows. Users should also note tier limits, interest calculation rules, fees, and real-time availability when comparing products. All data are page-displayed yields and do not constitute investment advice.