Another big week for tokenization. Regulators signaled growing support, institutions increased their activity, and new approvals broadened access to onchain assets. Here’s what you need to know 👇 1⃣ Acting CFTC Chair: “Tokenized markets are here and they are the future.” Delivering remarks at FIA Boca, CFTC Commissioner Caroline Pham described tokenization as a structural improvement to U.S. market infrastructure, not a speculative trend. 2⃣ Ondo secures EU Approval to offer tokenized stocks and ETFs across Europe The Base Prospectus for issuing tokenized stocks and ETFs was approved by the Liechtenstein FMA, a European regulator with EEA passporting rights. This approval enables access for more than 500 million investors across Europe. 3⃣ Crypto exchange Kraken raises funds at $20B valuation Kraken closed $800 million in new financing, with participation from Jane Street, DRW, Oppenheimer, and a $200 million investment from Citadel Securities that set the exchange’s valuation at $20B. 4⃣ Basel Banking Committee to rework crypto capital rules for banks The Basel Committee on Banking Supervision’s capital rules for banks are to be reworked as the U.S. and U.K. refuse to implement them, according to the governor of Sweden’s central bank, Erik Thedeen.