Franklin Templeton launched Hong Kong's first tokenized money-market fund on January 8, 2025. The Franklin OnChain U.S. Government Money Fund, registered in Luxembourg and backed by short-term U.S. Treasuries, uses blockchain tokens to represent investor shares and record ownership digitally. The launch aligns with Hong Kong's five-year fintech strategy focused on AI and blockchain integration across financial services.

Canada's Department of Finance unveiled a stablecoin regulation proposal in its 2025 budget plan requiring issuers to maintain adequate reserves and clear redemption policies. The Bank of Canada will allocate $10 million for implementation in fiscal years 2026–2027, with $5 million annual operating costs funded by issuer fees under the Retail Payment Activities Act.

Decentralized finance protocols are implementing token buyback strategies similar to corporate share repurchases. Jupiter, dYdX, and Aave have launched programs allocating portions of their revenue to purchase tokens from open markets. The initiatives aim to reduce circulating supply and demonstrate financial health while rewarding long-term holders.

StakeWise DAO recovered approximately $19.3 million in osETH and $1.7 million in osGNO following the Balancer V2 exploit that drained between $110 million and $128 million across multiple chains. Stream Finance froze deposits and withdrawals after disclosing a $93 million loss from an external fund manager, causing its xUSD stablecoin to depeg to 30–50 cents. The recovered amount represents approximately 15% of total Balancer losses, while Stream's collapse occurred entirely off-chain beyond smart contract controls.

Suilend has paused all deposits and withdrawals in its Elixir Isolated Market and contacted the Elixir team demanding immediate loan repayment. The move follows Stream Finance's disclosure of approximately $93 million in losses through an external fund manager. Elixir maintains it holds full redemption rights at $1 with Stream for its lending position.

UBS has completed the first live on-chain redemption of a tokenized money market fund using Chainlink's Digital Transfer Agent standard on Ethereum. The transaction involved UBS's uMINT fund and was settled with DigiFT as the on-chain distributor, demonstrating blockchain integration with traditional fund operations.

FTSE Russell has partnered with Chainlink to publish equity and digital asset indices across more than 40 blockchains using Chainlink's DataLink platform. The collaboration delivers institutional-grade benchmark data, including the Russell 1000, Russell 2000, and FTSE 100, directly into decentralized ecosystems. The indices represent over $18 trillion in assets under management globally.

UBS completed the first on-chain redemption of a tokenized investment fund on November 3, 2025, using Chainlink's Digital Transfer Agent standard. The transaction involved uMINT, UBS's USD Money Market Investment Fund Token on Ethereum. The development marks a significant milestone for the $100 trillion global fund industry, with the token now tradeable on DigiFT, Bybit, and KuCoin.