๐ Global & Macro: Another central bank has turned to selling gold as rising US Treasury yields boost the appeal of dollar-denominated assets, signaling shifting reserve management priorities.
๐ฆ RWA & Institutional: Law firm Harneys and dropRWA plan to issue tokenized catastrophe bonds by early 2027, expanding real-world asset tokenization into insurance-linked securities. Meanwhile, Stripe, Mastercard, and Circle have collectively acquired three stablecoin firms for over $3 billion in two years, underscoring institutional appetite for stablecoin infrastructure.
โก Crypto & Markets: The stablecoin acquisition spree by payments giants highlights accelerating consolidation in crypto infrastructure. Gold selling by central banks may weigh on the precious metal while supporting dollar assets.
๐ก Key Takeaway: Institutional capital is aggressively positioning for tokenized real-world assets and stablecoin rails, even as macro shifts drive central bank gold sales.