According to Bloomberg, ElevenLabs, a voice AI startup, has appointed Ashley Kramer, former OpenAI Vice President of Enterprise Sales, as its first Chief Revenue Officer. More than half of ElevenLabs' revenue this year comes from corporate clients, with annual recurring revenue exceeding $600 million. Clients include Meta, Stripe, Deutsche Telekom, and Revolut. The company is discussing employee stock transfer transactions with investors and plans to value the company at approximately $22 billion.

[Tokenized Equity Supply on Solana Hits Record High, Lending Protocol Scale Reaches $60 Million] According to SolanaFloor, the tokenized equity supply on the Solana blockchain has reached a historic high, with the scale of tokenized equity deposited into lending protocols reaching $60 million. NVDAx and SPYx rank at the top in terms of the number of holders.

According to The Block, the Wyoming Stablecoin Commission has adopted Chainlink Proof of Reserve to provide near real-time on chain reserve verification for the official stablecoin Frontier Stable Token (FRNT), and uses Chainlink CCIP as the sole on chain asset verification infrastructure. The Network Firm, an auditing firm, will review FRNT reserves and token supply in accordance with the standards of the American Institute of Certified Public Accountants (AICPA), and verify the data through Chainlink.

[Coinbase Launches Regulated Crypto Derivatives and Commodity Futures in Canada via CFM] According to Coinbase's official blog, Coinbase, through its subsidiary Coinbase Financial Markets (CFM), has launched regulated derivative contracts for qualified Canadian traders, becoming the first major crypto platform in Canada to offer native crypto futures. The products include 23 perpetual and fixed-term futures for Bitcoin, ETH, SOL, etc., 5 commodity futures for gold, silver, oil, etc., and COIN50 index futures, supporting up to 10x leverage. All contracts are provided by CFM, a CFTC-registered futures commission merchant, with a limited-time fee of 0.02% per trade plus $0.11 per contract.

Tokenization is not just about increasing access to tokens, whatever they may represent, but a fundamental shift in how value is created, owned, financed and moved, argues Solana Foundation’s Lily Liu.