[Weekly Crypto] 2026.07.27
- 19 hours ago
- 2 min read
1️⃣ Ondo Finance Launches Ondo Network as Execution Layer for Tokenized Markets
On July 28 Ondo Finance went live with Ondo Network, an off-chain execution layer that replaces its previously planned Ondo Chain layer-1. The network runs trading software inside Trusted Execution Environments to combine centralized-exchange speed with on-chain settlement, verifiability and self-custody, while keeping order flow private. It already powers Ondo Perps and is designed to expand into tokenized securities, lending markets and institutional settlement — marking Ondo's shift from issuing tokenized assets to building the infrastructure that supports them.
2️⃣ Tether Signs Tokenization MoU with Nairobi Securities Exchange
On July 28 Tether and the Nairobi Securities Exchange (NSE) signed a Memorandum of Understanding to collaborate on tokenization, digital-asset education and blockchain-based market infrastructure in Kenya. The two plan to use Tether's Hadron platform to research on-chain issuance of securities, fractional investment access and instant settlement, alongside AML/KYC onboarding tailored to Kenyan rules. The deal deepens Tether's expansion across Africa and points toward turning traditional stocks and bonds into on-chain tokens.
[Cointelegraph](https://cointelegraph.com/news/tether-signs-tokenization-deal-with-nairobi-securities-exchange)
3️⃣ Tether's XAU₮ Gold Token Receives Shariah Certification
On July 27 Tether announced that its gold-backed token XAU₮ received Shariah compliance certification from Amanah Advisors, a global Islamic finance advisory firm. The review found the token's structure aligns with key Islamic finance principles — full backing by physical gold, no interest or leverage, and transparent reserves — with each token representing one troy ounce stored in Swiss vaults. The certification opens a clearer path to Islamic institutions and investors across the Gulf, South Asia and Africa, for a token backed by more than $3.3 billion of gold.
[Cointelegraph](https://cointelegraph.com/news/tether-xaut-gold-token-receives-shariah-certification-islamic-finance-access)
4️⃣ Senators Release Merged CLARITY Act Text Ahead of Recess Deadline
As of late July, US senators released newly merged text for the Digital Asset Market Clarity (CLARITY) Act, combining separate Banking and Agriculture Committee drafts into a single bill with more than 70 pages of new language. The update addresses market-structure questions, SEC–CFTC jurisdiction and, for the first time, an ethics provision barring senior officials from issuing their own crypto. With the House already passed, lawmakers are pushing for a Senate floor vote before the August recess, keeping the industry's landmark framework on a tight but active timeline.
5️⃣ Ether ETFs Lead Weekly Inflows, Tripling Bitcoin's Total
US spot Ether ETFs drew about $103.9 million in net inflows for the week of July 20–24 — more than three times the bitcoin funds' total — outperforming spot Bitcoin ETFs for a second consecutive week. Ether products have now attracted roughly $337 million across July and pulled in nearly as much capital as bitcoin ETFs over the past three weeks, despite holding about one-eighth as much in net assets, underscoring rotating institutional demand toward Ethereum.