Major DeFi protocols are adopting corporate-style token buyback mechanisms to link governance tokens directly to protocol revenue. Uniswap proposed activating protocol fees to repurchase and burn UNI tokens on November 10, while Lido introduced an automated buyback system for LDO tied to staking revenue thresholds. These initiatives represent a shift from incentive-driven growth models toward revenue-focused capital allocation strategies.

JPMorgan Chase has launched a pilot program for its JPM Coin deposit token (JPMD) on Base, Coinbase's Ethereum Layer 2 network. The token represents digitized U.S. dollar-denominated commercial bank deposits backed by JPMorgan's balance sheet. The initiative enables institutional clients to conduct real-time settlements and marks a shift toward integrating traditional banking infrastructure with public blockchain systems.

JPMorgan Chase has introduced JPM Coin, a USD deposit token built on the Base blockchain, enabling round-the-clock settlement for institutional clients. The token allows direct US dollar transactions without time restrictions, according to Naveen Mallela, global co-head at Kinexys. Mastercard and Coinbase participated in early pilot testing of the system.

Lighter, a Layer-2 decentralized exchange, has closed a $68 million funding round at a $1.5 billion valuation. Founders Fund and Ribbit Capital led the investment, with participation from Haun Ventures and Robinhood. The already-profitable platform plans to launch spot trading and pursue global expansion.

DBS Bank and Kinexys by J.P. Morgan announced on November 11, 2025, a collaboration to develop an interoperability framework for tokenized value transfers between their on-chain ecosystems. The framework will enable institutional clients to exchange and redeem tokenized deposits seamlessly across public and permissioned blockchains. The initiative aims to establish a new industry standard for real-time international settlement of tokenized deposits.

The International Organization of Securities Commissions has released a report identifying investor risks in real-world asset tokenization. While most risks fall under existing regulations, IOSCO highlighted emerging challenges including ownership confusion and technical vulnerabilities. The regulator urged members to apply its cryptocurrency policy recommendations when addressing tokenized assets.

SoFi Technologies introduced SoFi Crypto on Tuesday, becoming the first nationally chartered bank to offer direct cryptocurrency trading to retail customers. Members can buy, sell, and hold digital assets including BTC, ETH, and SOL through a phased rollout integrated within the SoFi app. The service allows transactions directly from FDIC-insured accounts without transferring funds to external platforms.

Coinbase has rolled out a savings account for UK customers offering a 3.75% annual equivalent rate with daily interest payments. The product, backed by ClearBank, provides FSCS protection up to £85,000 and allows instant deposits and withdrawals with no minimum balance or lock-in requirements.