gram

The Securities and Exchange Board of India (SEBI) launched the Demat 2 pilot this week, issuing corporate bonds in the form of digital tokens on a distributed ledger operated by regulated market institutions, and settling through the wholesale digital rupee of the Reserve Bank of India. The size of India's corporate bond market is approximately $620 billion.The state-owned power financing institution REC raised ₹50 billion (approximately $56 million) through this system, engineering and construction giant Larsen & Toubro refinanced ₹50 billion, and non-banking financial institution IIFL Finance raised ₹2.5 billion (approximately $2.8 million), totaling around ₹102.5 billion. The bonds retain fixed interest rates, maturity dates, and investor rights, but the tokenized bonds can be settled simultaneously with the digital rupees used for purchase, thereby reducing transaction risk.Subsequent phases will introduce smart contracts to handle corporate actions such as interest payments and redemptions, and there are plans to open secondary market trading, ultimately allowing retail investors to participate. India maintains a cautious attitude towards private cryptocurrencies, and this pilot is an attempt to introduce tokenization into its controlled financial system.

According to BBX data, yesterday and in recent days, major global stock exchanges and cross-border payment giants disclosed the latest business developments in the tokenized stock ecosystem and stablecoin retail settlement, with the core dynamics as follows:Nasdaq Ventures plans to invest $100 million in Kraken's parent company, with stock tokens set to launch in 2027: Cryptocurrency exchange giant Kraken's parent company Payward announced an expansion of its strategic cooperation with Nasdaq. Nasdaq's strategic investment division, Nasdaq Ventures, has reached an agreement with Payward to inject $100 million into it. The two parties will jointly promote the operational system and commercial infrastructure of Nasdaq Equity Tokens (NETs), which are expected to officially hit the market in the second quarter of 2027, and deeply connect Payward's xStocks tokenized equity ecosystem through the established cooperation framework.MoneyGram launches stablecoin debit card, initially supporting USDC for Visa network spending: Global traditional cross-border remittance giant MoneyGram announced the launch of a payment card supported by stablecoins. This card allows users to make purchases directly within the global merchant network that accepts Visa, with the initial market set in Colombia, gradually expanding to other countries and regions over the following months. Users can register through the MoneyGram App and link the electronic card to their mobile wallet for online and offline spending, as well as transfer funds to themselves and redeem local fiat currency cash at global offline locations. Initially, the card will support USDC issued by Circle, with plans to further integrate MoneyGram's proprietary stablecoin MGUSD in the future.

According to The Block, global payment company MoneyGram has launched its first stablecoin Visa card in Colombia, developed with the assistance of stablecoin payment infrastructure company Rain.The card is currently available in digital form, allowing users to hold a USD stablecoin balance within the MoneyGram app and make online and offline payments through the Visa network. Users can also exchange their balance for local cash and withdraw it at MoneyGram locations.Initially, the card supports USDC, and MoneyGram plans to add its own stablecoin MGUSD in the near future. The company also plans to launch a physical card by the end of 2026 and will first expand its business to other markets in Latin America.

Rackspace announced its participation in the NVIDIA Cloud Partner Program and launched NVIDIA Blackwell-based AI infrastructure for regulated enterprises and governments.

According to news from the Dark Side of the Moon, the company has officially launched the Kimi Enterprise Partner Program: collaborating with IT service providers and integrators from various industries to build a team of Forward Deployed Engineers (FDE) who will work on-site with clients to help businesses truly integrate AI into their core operations.Currently, companies from multiple industries, including software information services, cloud computing, infrastructure, and telecommunications, have signed up to join this program.

U.S. President Trump stated that Canada restricts U.S. agricultural products and businesses from entering its market while enjoying opportunities in the U.S. government procurement market. Trump has instructed the U.S. General Services Administration and the Office of the Trade Representative to take measures to remove Canada from a $50 billion procurement plan if it does not restore fair treatment for the U.S.

Uzbekistan has launched a pilot project to test government securities-backed som-pegged stablecoin payments. The National Project Agency (NAPP) announced on Monday that it has registered Humo Digital as a special mechanism participant under joint regulation with the central bank. This pilot will test the issuance, circulation, and redemption of HUMO tokens, with each token pegged to 1 Uzbek som. According to NAPP, over 20 merchants are already prepared to accept HUMO payments, and the project will also integrate payment processing and blockchain infrastructure from participating banks, with licensed cryptocurrency exchange Asterium as a project partner. The Central Bank of Uzbekistan stated that the initial trial will last for 12 months, with a total project duration capped at 3 years. Regulators will assess the adequacy and security of the token collateral, cybersecurity, consumer protection, anti-money laundering controls, and financial and price stability risks. This pilot follows the framework approved in November 2025, when Uzbekistan indicated plans to allow stablecoin payment experiments under a sandbox mechanism while providing relevant terms for tokenized stocks and bonds.

According to the Straits Times, Telegram experienced a service outage on the morning of September 8. Users in Singapore began to report issues around 10:20, with Downdetector reporting nearly 4,000 incidents shortly after 10:30, mainly related to the app and messaging features.As of 11:30, the number of outage reports had decreased to about 350, and Telegram services are gradually recovering. Currently, Telegram has not disclosed the cause of the outage.

Aptos Foundation's ecosystem lead Ash Pampati tweeted that the team has cleared over 50 legacy funding projects and incentive programs in the past 9 months.He stated that nearly four years after the Aptos mainnet launch, data and experience have been accumulated, and they will increase collaboration with partners while focusing on major growth opportunities for Aptos in the crypto space. Details will be announced in the future.

According to the official announcement from the Ethena Foundation, the fee conversion vote has been approved, with 100% in favor. The programmatic ENA buyback will begin and will gradually scale up as indicators and milestones are achieved.Previously, on August 27, the Ethena Foundation announced four adjustments to the Ethena ecosystem, including the buyback of locked tokens held by early investors, further aligning the token with equity value, initiating a governance proposal for revenue buyback of ENA, and canceling future monthly VC investor unlocks.

Base announces the launch of the Creator Grant Program, providing independent creators who produce high-quality content around Base and its ecosystem with grants of up to $4,000. This program is open to writers of Base-related content (in-depth analysis, memes, commentary, tweets), live streamers and show hosts, creators of fixed segments, independent video creators, and multilingual science communicators.Participants can also gain access to project resources, exposure through retweets from Base regional accounts, and the "Creator of the Week" reward for emerging creators (up to $500). Creators who produce exclusively on Base, have fixed programs, or create independently can submit applications through the official form.

Telegram has set its self-hosted Gram wallet as the default wallet in user settings, while renaming Wallet in Telegram to Walt. Telegram founder Pavel Durov previewed the Gram wallet in July, planning to introduce a native non-custodial wallet for each Telegram app.The Gram wallet will serve as the transaction layer for transfers and payments on Telegram, supporting the purchase of Telegram Collectibles (including gifts, usernames, and phone numbers) as well as services and daily consumption payments. The Gram wallet remains connected to Walt, which allows users to recharge their Gram wallet with multi-chain crypto assets.The renaming of Wallet in Telegram reflects that its services have surpassed the initial positioning primarily for purchasing and holding Gram (formerly Toncoin). Walt supports recharging, holding, and withdrawing over 300 crypto assets across 4 blockchains, as well as trading more than 200 assets, and offers over 100 tokenized stocks, ETFs, and metals. The product also includes crypto yield services and perpetual contracts. The Open Platform (TOP) and Walt founder and CEO Andrew Rogozov stated that they initially started as a simple wallet for purchasing TON, but over the past four years have grown into a full-scale crypto platform within Telegram, launching Earn, real-world assets, and perpetual trading.

DTCC's DTC Tokenization Service is scheduled to go live commercially in October 2026, having completed production transactions on the Canton Network on July 15 as a final operational stress test for the system. Over 30 companies participated in these transactions, testing collateral pledging, securities lending, U.S. Treasury and repo DVP, equity DVP, equity DVD, equity token transfers, and CCP margin workflows, covering the Canton Network and LFDT's Besu.Regulatory foundations were established on December 11, 2025, when the SEC issued a no-action letter authorizing DTC to operate tokenization services for its custodial assets on a pre-approved blockchain, with a three-year authorization. This service is supported by DTCC's ComposerX platform suite. The industry working group currently includes over 50 companies, including BlackRock, JPMorgan, Goldman Sachs, Citi, Bank of America, Morgan Stanley, Schwab, State Street, Nasdaq, NYSE, Circle, Ondo, Ripple Prime, Fireblocks, BitGo, Tradeweb, and Virtu.DTCC data shows that global high-quality liquid assets reach $300 trillion, with only 10% to 11% currently used as collateral.

Bitget launches the "Million Club" benefits event, which runs from August 31 to September 30. During the event, eligible users who accumulate a net deposit of 1,000,000 USDT can enjoy corresponding financial and VIP benefits. Among them, new VIPs can unlock 1 month of exclusive benefits: 10% APR on USDT savings, exclusive earnings on BTC/ETH, and VIP6 experience.Existing VIP users who meet the criteria can enjoy 15 days of 10% APR on USDT and a +1 VIP level experience; inviting friends to complete the process can also earn an additional 1 month of 10% APR on USDT. Specific details are subject to the display on the Bitget page.

According to CNBC, Gemini Space Station won a legal victory in August, with arbitrators ruling that the cryptocurrency exchange platform did not mislead users and is not responsible for the collapse of its Earn lending program. The claim was made by a user of the digital asset company's lending program Earn at the end of 2024. According to the ruling, there was insufficient evidence to prove that Gemini lied to customers or was negligent in its due diligence with its main lending partner, Genesis Global Capital.The Earn program was launched in 2021, allowing users to earn up to 7.4% annualized returns by lending cryptocurrency. Under this program, Gemini lent assets to institutional borrowers, with Genesis acting as an intermediary. However, in November 2022, Gemini suspended withdrawals from the Earn program, angering some of its more than 300,000 users. This move came shortly after Genesis suspended new loan issuance and redemptions due to a liquidity crisis caused by the downturn in the cryptocurrency market that year. After the freeze on Earn withdrawals, several customers filed legal complaints against Gemini. The New York Attorney General also sued Gemini over the Earn program and reached a $50 million settlement with the company in 2024.In February 2024, Gemini announced that the company had reached a "principled settlement" with Genesis and other creditors regarding the Genesis bankruptcy case. Three months later, Earn users received $2.18 billion in digital assets in physical form, equivalent to 97% of the digital assets owed to Earn users, which is $1 billion more than when Genesis suspended withdrawals in 2022.

According to Digitalasset, the South Korean National Tax Service plans to introduce commercial tracking programs used by domestic and foreign investigative agencies to track and analyze the flow of funds between digital asset wallets, in order to close the tax loophole for virtual assets in personal wallets.The South Korean government stated that digital assets held in personal wallets and overseas exchanges are subject to taxation as long as there is income generated from transfers or loans. The overseas exchanges will respond through the Crypto Asset Automatic Information Exchange Framework (CARF).

The Interchain Foundation stated that it is committed to supporting the development of the Cosmos ecosystem and recognizes the impact of recent Cosmos EVM events on teams that rely on Cosmos technology for deployment.To this end, the ICF is establishing a discretionary funding program to support affected chains collaborating on remediation efforts. As part of the same program, the foundation will invest resources alongside the community to further enhance security practices, infrastructure, and incident response capabilities across the ecosystem.The foundation will continue to invest in the resilience and security of Cosmos, with more details on the new funding program to be announced in the coming days.

Analysis of the AI semiconductor and infrastructure cycle indicates that the demand for AI infrastructure will continue to exceed that of the internet era, as user penetration and per capita token are multiplied and converted into tokens, significantly raising the ceiling. User penetration has surpassed 50%, with growth primarily coming from the still-early per capita token; the median monthly AI spending per employee in U.S. companies is about $12, which could long-term approach around 10% of white-collar salaries, approximately $1,000 per month, leaving nearly two orders of magnitude of space in between. Unlike the flat subscriptions and extremely low marginal hardware consumption of the internet, the high costs of inference make the marginal cost of a single access higher, requiring greater infrastructure intensity.After developers program, the next ARR growth will still mainly come from broad programming: non-programmers use programming infrastructure to complete non-programming tasks across industries, with programming becoming the default execution kernel for agents. Tasks related to broad programming account for about 60% to 70% of ARR. As of June 2026, Codex accounted for 64% of the total output tokens from Codex and ChatGPT among OpenAI's enterprise clients; since February, Codex has seen a much higher weekly growth in verticals such as law, sales recruitment, and marketing compared to engineering. In Anthropic's revenue, narrow development/software accounts for about 40%, while finance and insurance exceed 20%, with law, life sciences, retail, and others also having considerable shares.The demand-side token growth logic remains, with a high overlap between funders and beneficiaries.

According to official news, BNB Chain announced its participation in the Mastercard Crypto Partner Program, collaborating with the Mastercard ecosystem to promote the application of digital assets in global payments and everyday business scenarios.