Tempo, the payments-focused blockchain from Stripe, has raised $500 million in a Series A round led by Thrive Capital and Greenoaks, achieving a $5 billion valuation just two months after its initial announcement.

Ondo Finance has requested the SEC postpone Nasdaq's tokenized securities trading plan, arguing it lacks transparency on DTC settlement processes and could potentially favor established market participants.

Cloud infrastructure provider Cloudflare announced its entry into digital assets with the planned launch of a US dollar-backed stablecoin called NET dollar, specifically engineered to facilitate instant payments for AI agents, creators, and developers globally. This move comes as the stablecoin market approaches $300 billion in total capitalization.