BlackRock Private Credit Fund Limits Withdrawals, Sparking Crypto Contagion Fears

Stress in the $3.5 trillion private credit market could ripple into cryptocurrency and decentralized finance through both macroeconomic contagion and tokenized credit markets, experts warn. BlackRock’s $26 billion private credit fund has begun limiting withdrawals amid rising redemption requests, Reuters reported Friday. The move marks the latest sign of distress in the private credit sector,…

BlackRock Private Credit Fund Limits Withdrawals, Sparking Crypto Contagion Fears

Kraken’s xStocks Brings Tokenized US Stocks to Telegram’s 900 Million Users

Kraken-backed xStocks launched Wednesday on the TON blockchain, embedding tokenized versions of U.S. stocks and ETFs directly inside Telegram’s built-in wallet. Now, the messaging app’s 900 million users can buy, hold, and transfer equity tokens representing Tesla, Nvidia, and the S&P 500 without leaving the platform or opening brokerage accounts. The launch represents one of…

Kraken's xStocks Brings Tokenized US Stocks to Telegram's 900 Million Users