gm Bankless Nation, Welcome back to the Citizen Daily Brief. Today, we're digging into protocols and platforms embracing TradFi asset tokenization. Become a paid member to get all of the alpha!
Today's Issue ⬇️
☀️ Need to Know: DOJ vs. Storm The DOJ is still prosecuting Roman Storm.
✍️ Cheat Sheet: Onchain Stocks Opps, reads, yields, and airdrops.
👨⚖️ DOJ Proceeds with Case Against Tornado Cash's Roman Storm. Despite dropping part of a charge related to operating an unlicensed money transmitter, the DOJ is planning to continue its prosecution of Storm over charges related to money laundering.
🥷 Massive 'Illicit' Online Marketplace Shuts Down After Telegram Takes Action. The marketplace, Haowang Guarantee, operated via Telegram and reportedly had upwards of $26B in USDT transactions flow through it.
💰 FTX Beginning $5B in Creditor Payouts on May 30. The lengthy process to reimburse creditors of the defunct exchange is nearing resolution.
📸
Daily Market Snapshot: One week after ETH's giga-pump, the asset is holding steady near $2,500. What will it take for the next breakout?
Prices as of 7pm ET
24hr
7d
Crypto $3.31T
↘ 0.7%
↗ 2.8%
BTC $103,536
↗ 0.1%
↗ 0.6%
ETH $2,541
↘ 2.0%
↗ 16.7%
. . .
CHEAT SHEET
Onchain Stocks
Every Thursday, Citizens get access to the top Market Plays, Hot Reads, Farming Opps, and Airdrop Hunts that our analyst team is tracking! Don't miss out! 👇
Crypto is on a mission to tokenize everything, and there is no bigger prize than traditional markets!
With over a quadrillion dollars in value locked behind the walled gardens of TradFi, the size of this opportunity is truly staggering. Should crypto win, the blockchain won’t just be for trading memes and JPEGs: it will become the foundation for global capital markets.
But tread carefully, for not all tokenized assets are created equal. Here are five of the leading platforms onchain investors are already using to access tokenized investment opportunities. 👇
The Fraxtal ecosystem is expanding at lightning speed—this month’s biggest highlight is IQAI.com, the newest Agent Tokenization platform from IQ and Frax. IQ is building autonomous, intelligent, tokenized agents launching on Fraxtal in Q1. Empower on-chain agents with built-in wallets, tokenized ownership, and decentralized governance—all within a fast-growing Fraxtal ecosystem.
Not financial or tax advice. Bankless content is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time to time, we may add links in this newsletter to products we use. We may receive a commission if you make a purchase through one of these links. Additionally, the Bankless team holds crypto assets.
