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11:01

Institutions Move $333M in US Treasury Debt On-Chain via XRP Ledger

XRPL tokenizes U.S. Treasuries, reaching about $333M in four institutional products led by Ondo Finance, with BlackRock support; overall tokenization remains under 0.01% of a $31T Treasury market. Abstract: The XRPL is expanding institutional tokenization of U.S. Treasuries, totaling about $333 million across four products, led by Ondo Finance and backed by BlackRock. Despite rapid settlement and built-in compliance tools, tokenized Treasuries still represent a tiny slice of the roughly $31 trillion market, while the ecosystem advances into post-quantum security and broader real-world asset deployment.
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XRP0,27%
ETH2,34%
05:41

ASMPT Projects Strong Q2 as AI Demand Drives Revenue to $540M–$600M

ASMPT lifts Q2 revenue guidance to $540–600m on AI-driven demand; Q1 revenue was $507.9m with record bookings. Growth from TCB and HBM4, photonics, wire/die bonding, and AI-driven SMT demand; SMT segment options under review. ASMPT announced a higher second-quarter revenue outlook of $540 million to $600 million, driven by AI-related semiconductor demand, following first-quarter revenue of $507.9 million and record bookings. Growth is led by Thermo-Compression Bonding tools for logic chips, HBM4 modules, and photonics for data centers, with contributions from wire/die bonding and AI-driven SMT demand. The company reported no material impact from the Iran conflict and is evaluating strategic options for its SMT Solutions Segment to focus on the higher-growth Semiconductor Solutions Segment.
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