The dollar-backed token, USDCBL, will serve as collateral for onchain perps, with cash and Treasury reserves generating yield retained within the protocol.

The move strengthens institutional support for 21Shares’ multibillion dollar digital asset investment platform and broadens its regulated staking capabilities.

The funding follows a $305 million Bitcoin sale and increases a key investor’s voting power to nearly 50%, as the company restructures its balance sheet amid sector volatility.

Price feeds for SPYon, QQQon and TSLAon are now live on Ethereum, allowing the Ondo-issued tokenized equities to be used as collateral in DeFi lending markets.

Deel will enable its customers to pay workers in the United Kingdom and European Union, with a US expansion planned later.

The product will let institutions use custodied Bitcoin as onchain collateral without moving assets or transferring control, with Morpho set as the initial liquidity partner.