The Asia Web3 Alliance Japan and Web3 Salon have launched the JFIIP accelerator with Ripple Labs and several major Japanese financial institutions to support compliant finance projects on the XRP Ledger. The program offers Japanese startups a grant of about $10,000 and prioritized access to Ripple's broader grant pool, with a strong focus on real-world banking and tokenization use cases.

On 25 December 2025, commentary from Rob Hadick argued that growing tokenization will likely support a shared digital economy instead of a single dominant blockchain. He sees Ethereum evolving as a core settlement and capital layer while Solana focuses on speed and high-volume activity, with fragmentation across multiple networks expected as more assets move onchain.

India's Enforcement Directorate conducted coordinated searches on 18 December across 21 locations in Karnataka, Maharashtra and Delhi, targeting 4th Bloc Consultants under the Prevention of Money Laundering Act. Investigators allege a long-running Ponzi-style crypto operation; assets and multiple wallets were identified, and a 23 December 2025 post on X noted the probe remains ongoing.

A forged press release alleging Circle launched a tokenized gold-and-silver platform spread across crypto channels on Christmas Eve. On 25 December 2025, Circle said the announcement was fake and urged users not to connect wallets to any related sites, highlighting common drain-wallet tactics.

Polymarket said in a Tuesday Discord post it identified and fixed a security issue affecting a small number of accounts, attributing it to a vulnerability in a third-party authentication provider. Users on Reddit and X reported drained balances and repeated login attempts, while the company said ongoing risk was mitigated and it will contact those impacted.

Kraken Head of Consumer Mark Greenberg told CNBC on Wednesday that blockchain-based tokenization is pushing the concept of money beyond fiat, allowing people to save, trade, and spend in a wide range of tokenized assets. He noted that Kraken's tokenized stock product has drawn more than 80,000 wallets and around $14 billion in volume since launching in the second quarter of this year, while on-chain real-world assets have reached nearly $415 billion.

On December 24, 2025, a fraudulent "CircleMetals" platform circulated a fake press release claiming that USDC issuer Circle had launched tokenized gold and silver trading. The scam used Circle branding, fabricated executive quotes, and a website that asked users to connect their wallets for swaps between USDC and non-existent GLDC, SILC, and CIRM tokens. Circle later confirmed the announcement was false and urged users to verify product news only through its official channels.

On Dec. 24, Hong Kong's Financial Services and the Treasury Bureau and the Securities and Futures Commission said virtual asset dealers and custodians will need licenses under a new framework. The plan covers OTC, brokerage and conversions, imposes fit-and-proper checks and capital floors of HK$5 million for dealers and HK$10 million for custodians. A separate consultation will extend licensing to advisory and management providers.