The Bank for International Settlements has warned that tokenized money-market funds pose potential systemic risks after expanding from $770 million to nearly $9 billion in under a year. The organization cited concerns that instant on-chain settlement could outpace traditional asset liquidation during redemption surges, potentially creating liquidity mismatches. BIS also noted that some tokenized funds now serve as collateral for leveraged positions, which could enable rapid contagion across crypto sectors during periods of stress.

Web3 investment firm DWF Labs unveiled a $75 million fund on November 26 to back next-generation decentralized finance infrastructure. The capital will support teams building perpetual decentralized exchanges, money markets, and yield protocols on Ethereum, BNB Chain, Solana, and Base. The firm will prioritize projects with functional products addressing liquidity provisioning, settlement systems, and on-chain risk management.

South Korean technology company Naver and digital asset operator Dunamu announced a five-year investment of 10 trillion Korean won ($6.8 billion) to develop financial infrastructure integrating artificial intelligence and blockchain technologies. The investment follows Naver Financial's acquisition of Dunamu, parent company of South Korea's largest cryptocurrency exchange Upbit, through a share-swap arrangement. The partnership aims to establish a comprehensive system spanning payments, settlements, and broader financial services.

Securitize secured regulatory approval from Spain's CNMV on Wednesday to operate a trading and settlement system under the EU's DLT Pilot Regime. The firm will build its European infrastructure on Avalanche, with the first issuance planned for early 2026.

Crypto market maker DWF Labs has launched a $75 million proprietary fund targeting decentralized finance infrastructure across Ethereum, BNB Chain, Solana, and Base. The fund will support projects addressing liquidity provisioning, settlement systems, credit mechanisms, and on-chain risk management, according to co-founder Andrei Grachev. The vehicle is not currently accepting external investors.

Coinbase Ventures has outlined its 2026 investment priorities, focusing on teams building asset tokenization solutions, specialized trading infrastructure, next-generation DeFi protocols, and AI-powered robotics. The venture arm highlighted RWA perpetuals as providing faster and more flexible exposure to real-world assets than traditional tokenization approaches. Investment targets also include proprietary automated market makers on Solana, prediction market aggregators, and expanded perpetual futures functionality.

Thailand's Personal Data Protection Commission has ordered World Network to halt biometric data collection and delete records of 1.2 million local users. The regulator cited violations of the Personal Data Protection Act, stating the blockchain project allegedly transferred iris scan data to third parties in exchange for cryptocurrency tokens without proper authorization.

Coinbase Ventures has outlined its 2026 investment strategy, prioritizing perpetual futures for real-world assets, specialized trading platforms, and AI-blockchain integration. The venture arm identified prediction market terminals and reputation-based lending as emerging opportunities in decentralized finance.