Kyber Network Is Enabling Merchant Payments in Any Ethereum Token 1948

It’s a number that is growing by the hundreds every day, but the trouble is, according to Loi Luu, the CEO and co-founder of decentralized exchange Kyber Network, the majority of those tokens fall short of a practical use case.

“What we observe is that most tokens are used only on exchanges for trading purposes or within their own specific platforms if the platform is live,” Luu said.

Luu wants to change that and unlock the potential of ERC-20 tokens to be used for payments. And to do that, Luu revealed exclusively to CoinDesk, Kyber Network will be extending the on-chain liquidity smart contract which underlies its decentralized exchange to allow businesses to accept payments through any ERC-20 out there.

Luu told, “Our main goal is to make tokens usable anywhere.”

In practice, this means businesses can accept payments in any ethereum token, and that token can be instantly converted into any other token as well. And Luu has some experience to back up their ambition. For one, he’s known for founding ethereum security tool Oyente and building a protocol that uses a scaling solution, sharding, for the enterprise blockchain Zilliqa, before going on it found Kyber Network, that facilitates instant ethereum token swaps on its decentralized exchange (a term, while long a dream in the industry, has failed as of yet to live up to expectations).

Previous ArticleNext Article

Leave a Reply

DigiFT Introduces First Actively Managed Tokenized Equity Fund with BNY as Investment Management Services Provider 5023

  • First actively managed tokenized equity fund extending tokenization beyond single assets to professionally managed public equity strategies
  • Tokenized on Ethereum and distributed via DigiFT, providing eligible investors a regulated on-chain way to invest
  • Advances institutional adoption of tokenization, building on BNY’s deep investment expertise and DigiFT’s track record of bringing Tier-1 asset manager strategies on-chain

DigiFT, a regulated on-chain exchange for institutional real-world assets, today announced the introduction of DigiFT U.S. Equity Income Fund (“bEQTY”), the first actively managed tokenized U.S. equity income fund on the Ethereum public blockchain.

The launch of bEQTY, which is eligible for accredited investors, represents a significant milestone in the evolution of tokenization—marking a shift from early experimentation with blockchain-based financial instruments toward enabling investors to construct more complete, portfolio-relevant strategies on-chain.

BNY serves as the investment manager for the underlying traditional U.S. equity income strategy which extends tokenization into actively managed public equities. This launch demonstrates how regulated on-chain infrastructure is advancing beyond initial applications to address more sophisticated areas of the capital markets.

Tokenization as institutional portfolio infrastructure

Public equities remain a core component of institutional portfolios. Tokenization introduces a digitally native form factor that enables programmable settlement, enhanced transparency, and more streamlined lifecycle management—without changing the underlying investment strategy or governance framework.

By representing equity income strategies on regulated on-chain infrastructure, eligible investors gain greater flexibility in how sophisticated financial instruments are held, transferred, and integrated into portfolios, supporting more agile capital management.

For Web3-native allocators, as on-chain treasuries and funds mature, there is growing interest in incorporating assets that introduce exposure to the real-economy and are less correlated with crypto-native market cycles.

The launch also illustrates how regulated on-chain marketplaces can support wider institutional participation by enabling eligible investors to access the strategy through DigiFT’s regulated framework.

Henry Zhang, Founder and Group CEO of DigiFT, said: “For years, tokenization has been about proving the technology. This launch proves its use case. By bringing an actively managed equity income strategy on-chain within a regulated market, we’re demonstrating how blockchain infrastructure is becoming part of mainstream institutional finance.”

Doni Shamsuddin, Head of Asia Pacific, BNY Investments, said: “We are thrilled to work with DigiFT in bridging traditional finance and emerging on-chain solutions for institutional investors. Leveraging BNY’s deep investment capabilities, we enable a professionally managed portfolio on blockchain — anchored in established trust, scale, and governance.”

From experimentation to portfolio-relevant strategies

Tokenization has gained early traction in short-duration and cash-like instruments, demonstrating the operational benefits of blockchain within regulated frameworks.

As tokenization matures, extending its capabilities into actively managed public equities represents a natural next phase—moving beyond single assets toward actively managed strategies within regulated market infrastructure.

About DigiFT

DigiFT is a next-generation exchange for tokenized real-world assets (RWAs), licensed by the Monetary Authority of Singapore (MAS) and the Hong Kong Securities and Futures Commission (SFC). The platform offers end-to-end digital asset services—including tokenization, issuance, distribution, trading, and instant liquidity provision—purpose-built for institutional RWAs. Trusted by global financial institutions, DigiFT is the on-chain tokenization and distribution partner for leading asset managers such as Invesco, UBS Asset Management, and Wellington Management. For more information, visit https://digift.io

About BNY

BNY is a global financial services platforms company at the heart of the world’s capital markets. For more than 240 years BNY has partnered alongside clients, using its expertise and platforms to help them operate more efficiently and accelerate growth. Today BNY serves over 90% of Fortune 100 companies and nearly all the top 100 banks globally. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals. As of December 31, 2025, BNY oversees $59.3 trillion in assets under custody and/or administration and $2.2 trillion in assets under management.

BNY is the corporate brand of The Bank of New York Mellon Corporation. Headquartered in New York City, BNY has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. Additional information is available on www.bny.com.

SHOW Token Uses AI and Web3 Infrastructure to Improve Film Production Efficiency 4153

As the Web3 ecosystem shifts toward utility-focused projects, SHOW Token emerges as a blockchain-based initiative applying artificial intelligence (AI) and Web3 infrastructure to the film industry. The project explores how on-chain participation and AI-assisted workflows can address long-standing inefficiencies in film production.

SHOW Token is designed as a utility token within an AI-driven cinematic platform. Rather than functioning purely as a speculative asset, the token is integrated into platform usage, enabling access, engagement, and participation across the ecosystem.

AI and Blockchain in Film Production

Traditional film production often struggles with opaque funding structures, limited access for independent creators, and inefficient creative workflows. SHOW Token’s ecosystem combines blockchain transparency with AI-powered production tools to create clearer participation models and more efficient processes.

From a technical standpoint, blockchain infrastructure supports transparent contribution tracking and clearer value flow between creators and contributors. This helps reduce reliance on closed networks and intermediaries that commonly exist in traditional production models.

Artificial intelligence serves as a workflow optimization layer. AI-assisted tools are intended to support ideation, pre-visualization, and production efficiency, allowing creators to reduce operational friction while maintaining creative control. This reflects a broader industry trend where AI enhances productivity rather than replacing human creativity.

Utility-First Web3 Approach

SHOW Token emphasizes long-term ecosystem development and real platform usage over short-term price narratives. The project remains in an early development phase, focusing on building foundational infrastructure rather than making speculative claims.

By aligning AI technology, blockchain participation, and utility-driven token design, SHOW Token positions itself within a growing category of Web3 projects targeting real-world creative industries.

More information about the project’s vision and ongoing development is available at https://showtoken.io/

Gensyn Launches $AI Token Sale on Sonar 4817

The token sale offers 3% of the token supply, a bonus multiplier for Testnet participants, and the opportunity to receive a Gensyn branded GPU workstation. https://token.gensyn.network/

$AI Details:

The Gensyn Foundation (“Gensyn”) today launches its $AI token sale on Sonar, marking a major milestone ahead of its upcoming Mainnet. The sale introduces the native token that will coordinate payments, staking & security, and governance across the Gensyn network.

The a16z-backed, decentralised AI network is preparing for Mainnet and launching the $AI token sale. The Gensyn Testnet has already demonstrated rapid traction, including:

  • 2,000,000+ AI models trained
  • 165,000+ users
  • 90,000,000+ transactions (575,000 per day)

The $AI token is the utility currency for the Mainnet network, a network where anyone can contribute AI compute, training signals, models, or evaluation criteria and where performance is priced transparently in real time. The combination of deterministic verification, open evaluation, and decentralised compute forms a market-driven system for continual learning, directed by true economic interest and supplied by anyone, or any system, in the world..

The sale offers 300,000,000 tokens (3 percent of supply) through an English auction with a valuation floor of $1 million FDV and a valuation cap of $1 billion FDV, matching the price of Gensyn’s last a16z-led funding round two months ago. The sale runs on Ethereum Mainnet with USDC or USDT and a $100 minimum bid, while tokens will be claimed on the Gensyn Network (L2).

About the Testnet Multiplier:

In addition to priority allocation, verified Testnet users will also receive a bonus token multiplier on their purchase amount, taken from a 2% reward pool. The exact multiplier will be based on each user’s participation throughout the Gensyn Testnet, as well as their bid amount in the sale. Higher participation and bid amounts equal a higher multiplier, with the majority of the multiplier coming from their Testnet participation. Multipliers will grant additional tokens on top of the purchase amount for no extra cost.

“We’ve had huge success testing our infrastructure and applications on testnet and we’re ready to move to the next phase, operating with real value and game theoretic security on mainnet. Doing a public sale ahead of launch allows us to focus on fair distribution and prioritise community members who have supported the testnet and show conviction in our thesis.”- Ben Fielding, Co-Founder and CEO, Gensyn AI

N4T Announces Liquidity Locking Ahead of DEX Listings 4032

N4T, short for “Nobel for Trump,” a new movement-driven token, today announces that it will lock liquidity for the N4T token as it prepares for its debut across decentralized exchanges prior to listing on CEX platforms.

The decision follows the project’s successful ICO in November and marks the next major milestone in N4T’s roadmap as it transitions from its early fundraising phase to open-market participation. Following its introduction to the Ethereum network in November, N4T evolves from a peace-driven token and cultural blockchain experiment into a long-term, sustainable DeFi ecosystem.

By committing liquidity for a long-term period ahead of exchange listings and as the world’s first peace-driven token on Ethereum, N4T is building trust and confidence across its user base with long-term stability in mind. With applications underway, it plans to register on major data platforms CoinMarketCap and CoinGecko and to list the N4T token across major exchanges, including MEXC, Gate.io, BitMart, and BingX.

“Our community supported N4T from the moment we introduced our ICO,” said Erik Amirbai Lang, Co-founder of N4T. “Today’s move reinforces our commitment to building a stable, mission-driven ecosystem. As we prepare for DEX listings, liquidity locking signals that we are growing with purpose.”

The N4T token, minted on November 4, underpins the developing “peace-to-earn” ecosystem, rewarding holders for participating in message-driven digital activations. With 37% of the supply originally allocated to the public sale, airdrops, and community rewards, this framework remains key to incentivizing engagement as liquidity and exchange visibility grow.

About N4T

N4T (Nobel For Trump) is a movement-driven token that unites meme culture with peace advocacy. Built on Ethereum, N4T transforms digital engagement into a positive global message, demonstrating how blockchain and community power can be used to promote peace, recognition, and impact.

Learn more about N4T at n4t.io, and follow N4T on X at www.X.com/N4Tcoin.

Bitnomial Launches First-Ever Stablecoin Margin Collateral with RLUSD, Expands Digital Asset Support to XRP 1623

Bitnomial, Inc. (“Bitnomial”), a U.S. derivatives exchange company, today announced a historic milestone as Bitnomial Clearinghouse, LLC, the only U.S. registered derivatives clearing organization (DCO) accepting digital assets as native margin collateral, becoming the first to accept stablecoins. Bitnomial is launching support for Ripple USD (RLUSD) and expanding its digital asset margin program to include XRP.

This expansion builds on Bitnomial’s groundbreaking launch of crypto margin deposits in September 2025, making the CFTC-regulated Bitnomial Exchange, LLC, and clearinghouse, Bitnomial Clearinghouse, LLC, the only U.S. regulated derivatives market infrastructure accepting stablecoins and a broader range of digital assets as margin collateral.

RLUSD and XRP margin deposits are now available for institutional clients trading leveraged perpetuals, futures, and options on Bitnomial Exchange. Retail traders will gain access to RLUSD and XRP margin deposits through Botanical, Bitnomial’s retail trading platform. With RLUSD stablecoin support, traders can now margin their positions with a USD-pegged digital asset, providing seamless capital efficiency while maintaining the benefits of blockchain-native settlement.

At the Ripple Swell conference in New York, Luke Hoersten, CEO of Bitnomial said “Adding RLUSD and XRP as margin collateral represents a major evolution in how traders can deploy their digital assets, RLUSD brings stablecoin efficiency to our margin system, allowing traders to hold USD-equivalent positions on-chain while accessing our full suite of derivatives products. Combined with XRP support, this gives our clients unprecedented flexibility in how they manage capital across their trading strategies. This is a natural extension of our partnership with Ripple and our commitment to building the most capital-efficient derivatives infrastructure in the U.S. market.”

“The addition of RLUSD and XRP further enhances the capital efficiency advantages available to traders on Bitnomial Exchange,” added Michael Dunn, President of Bitnomial Exchange, LLC. “Stablecoins represent a superior payment mechanism for both retail traders and institutions alike, offering the stability of USD with the speed and efficiency of blockchain settlement. With our expanded margin collateral options, traders can now leverage their stablecoin holdings and XRP positions to access the full range of CFTC-regulated crypto derivatives, reducing the friction of moving between different asset types.”

“With today’s announcement adding native support for RLUSD and XRP as margin collateral, Bitnomial cements its position as one of the most forward-thinking derivatives exchanges in the U.S,” said Jack McDonald, SVP Stablecoins at Ripple. “Stablecoins are moving from primarily speculative use cases to real world applications, with RLUSD, as a trusted tier-1 USD-backed stablecoin, leading the pack.”

Bitnomial continues to lead innovation in U.S. crypto derivatives markets. As the first to launch regulated perpetual futures in the U.S., the first to accept digital assets as margin collateral, and now the first to accept stablecoins as margin collateral, Bitnomial has consistently pioneered capital-efficient market infrastructure. The combination of RLUSD stablecoin margin, XRP support, and Bitnomial’s existing Bitcoin and Ether margin deposits creates the most comprehensive digital asset margin system available on a U.S. regulated exchange. This initiative provides significant benefits to crypto-native funds, institutional traders, and market makers who can now deploy their digital asset portfolios more efficiently while maintaining full regulatory compliance.

All Bitnomial futures and options contracts are offered by, and subject to the rules of, Bitnomial Exchange, LLC, and cleared through Bitnomial Clearinghouse, LLC. RLUSD and XRP margin collateral acceptance is subject to all applicable regulatory approvals.

About Bitnomial, Inc.

Bitnomial, Inc. is a digital asset derivatives exchange company that owns and operates U.S. CFTC-regulated exchange (DCM), clearinghouse (DCO), and brokerage (FCM) subsidiaries. Bitnomial offers the first U.S. perpetuals, physical futures, and options on the Bitcoin Complex comprising BTC and Hashrate, and the Crypto Complex comprising the first ever U.S. XRP, ADA, and USDC futures, among other assets.

Follow Bitnomial at bitnomial.com and on X @bitnomial
Follow Botanical at botanical.finance and on X @botanical

Stablecoins New Era Begins: Inside the Next Wave of Institutional Adoption and Infrastructure Competition 1461

The stablecoin market is entering a new phase of transformation. In the landmark joint report by Alchemy Pay and Gate Research, “The New Era of Stablecoins: A Comprehensive Study on Compliance, Innovation, and Adoption”, the report dives deep into how stablecoins are reshaping the global financial infrastructure, from its exponential growth and regulatory evolution to the intensifying competition at the infrastructure layer.

Exponential Growth and Institutional Momentum

As of August 2025, the total capitalization of stablecoins has exceeded USD 280 billion, representing more than a 660-fold increase since early 2019. Annual on-chain settlement volumes have surpassed USD 30 trillion, placing stablecoins on par with traditional global payment systems such as SWIFT and Visa in terms of transaction throughput.

This growth reflects both technological maturity and regulatory acceleration. The implementation of key frameworks, such as the GENIUS Act, Stablecoin Ordinance, and MiCA, has initiated what the report identifies as the “Age of Compliance.”

The report also highlights the growing participation of major financial institutions including PayPal, Visa, and Mastercard, each embedding stablecoin functionality into retail, enterprise, and cross-border payment systems. These integrations signal the ongoing convergence between TradFi and DeFi, underscoring the transition of stablecoins from speculative instruments to operational assets within global payment and settlement ecosystems.

Meanwhile, innovation within the stablecoin sector continues to accelerate. While USDT and USDC remain dominant, emerging models such as yield-bearing stablecoins are rapidly gaining market share. The study identifies a structural evolution from single-purpose payment tools to a “Three-in-One Model”—Peg + Yield + Application—that extends stablecoin utility into yield generation, real-world asset integration, and enterprise use cases such as supply chain finance and payroll settlement.

From Tokens to Infrastructure: The New Battlefield

The narrative of competition is shifting. It’s no longer about which stablecoin dominates, it’s about who controls the rails. The report calls this the move from “token competition” to “infrastructure competition.” As stablecoins become integral to the global payments landscape, control over settlement infrastructure has emerged as the next competitive frontier. Leading players like Tether, Circle, Stripe, and Alchemy Pay are developing blockchain architectures to establish themselves as dominant settlement networks.

This strategic evolution reflects a broader recognition: in the future of digital finance, the competitive advantage will lie not merely in token issuance, but in control of the infrastructure that enables liquidity, settlement, and compliance across markets and jurisdictions.

Alchemy Chain: Building the Stablecoin Settlement Hub for Global Fiat

Within this emerging infrastructure race, the report spotlights Alchemy Chain, a Layer 1 blockchain developed by Alchemy Pay. Drawing upon years of operational experience in the fiat-crypto payment sector, Alchemy Chain represents a practice-driven approach to infrastructure design.

The blockchain’s architecture centers on a clear, efficient flow—Fiat A → Stablecoin → Fiat B—positioning stablecoins as instant settlement bridges for global cross-border transactions. Key technical innovations include:

  • FIFO (First-In-First-Out) transaction ordering, ensuring fairness and eliminating “pay-to-prioritize” congestion.
  • On-chain real-time FX rates, with validator nodes directly integrating price feeds at the consensus layer to reduce oracle latency.
  • Block-Wing hybrid storage system, combining on-chain recording of essential transaction data with decentralized off-chain storage for auxiliary files, ensuring scalability and cost efficiency.

Strategically, Alchemy Chain diverges from general-purpose blockchains. Rather than competing with ecosystems like Ethereum, it aims to redefine global settlement infrastructure, leveraging Web3 technology to rebuild payment systems traditionally represented by SWIFT. Backed by Alchemy Pay’s already built network of 3 million users across 173 countries, and supported by connections with Visa, Mastercard, local mobile wallets and global banking rails, Alchemy Chain is positioned to serve as a neutral, compliant settlement layer connecting stablecoins and fiat currencies worldwide.

The Future Trajectory: Compliance, Multipolarity, and Integration

The report concludes that stablecoins are transitioning through three structural shifts:

  • From explosive growth to compliance establishment;
  • From token-centric competition to infrastructure-centric competition;
  • From U.S. dollar dominance to regional multipolarity.

Over the next three to five years, the report predicts that the institutions capable of creating a closed-loop ecosystem, integrating compliance frameworks, proprietary infrastructure, and scalable applications, will define the next generation of the global value network.

Read the Full Report

The “New Era of Stablecoins” report offers a data-driven, forward-looking roadmap for enterprises, regulators, and developers navigating the evolving stablecoin landscape.

Read the full report to explore how compliance, infrastructure, and innovation are converging to reshape the global payments ecosystem.

About Gate Research

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

About Alchemy Pay

Founded in 2017, Alchemy Pay is a payment gateway that seamlessly connects crypto with traditional fiat currencies for businesses, developers, and end users. With its offerings including On & Off-Ramp, Web3 Digital Bank, NFT Checkout and its newly launched RWA platform, Alchemy Pay supports fiat payments in 173 countries.

The Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps according to requirements. The RWA platform allows global users to invest in tokenized real-world assets using local fiat currencies, lowering entry barriers and democratizing access to traditional financial instruments. Our Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabilities. Additionally, the NFT Checkout enables direct purchases of NFTs using fiat payment methods. ACH is the Alchemy Pay network token on the Ethereum blockchain.