The Drop #44
Digital assets and tokenization gain traction, from ECB’s digital euro to IBM’s crypto platform, with insights from Ledger’s CTO.
💻 Digital Assets Treasuries (DATs): a good bet, really?
📑 New Tokenization briefing - Q3 2025
🔗 IBM launches a B2B crypto services platform
🇪🇺 ECB launches 2nd phase of digital euro project
🎙️ Exclusive interview from Ledger CTO
🔗 Digital Assets Treasuries (DATs): a good bet, really?
Digital Asset Treasuries (DATs) are presented as the new bridge between equity markets and digital assets. But behind the success of the model initiated by Strategy, the signs of fragility are multiplying: dilution, debt and total dependence on asset prices.
📑 The institutional dynamics of tokenization in Q3 2025
Tokenization is moving up a gear. Long confined to stablecoins, it is now spreading to private credit, money market funds and equity markets, laying the foundations for a new global financial infrastructure.
🔗 EXCLUSIVE: IBM launches crypto services platform for businesses
Dubbed "Digital Asset Haven", the American giant's new platform will enable its customers - particularly banks - to offer custody and payment services in crypto-assets by the end of the year. It is based on the technology of French company Dfns.
🇪🇺 ECB launches 2nd phase of digital euro project
The ECB puts the public cost of developing the digital euro by 2029 at €1.3 billion. But according to a study financed by the commercial banks, the total bill for them could rise to 30 billion euros.
🎙️ Charles Guillemet (Ledger): "Wallets will replace passwords"
On the sidelines of the annual Ledger Op3n event, CTO Charles Guillemet talks about the brand's new generation of hardware wallets and Ledger's evolving role in a changing Web. He also looks back at the unicorn's excellent financial health.