Tradable, the startup backed by ParaFi Capital, plans to migrate approximately $1 billion in private credit assets to the Stellar network. The platform had already tokenized $1.7 billion in assets on ZKsync, Ethereum's layer 2, across nearly 30 institutional positions.
Nikkei says a fentanyl-linked Chinese network used a Japan base and fake Zksync.jp token to run crypto fraud tied to sanctioned wallets.
The linked criminal group allegedly distributed a scam token under the name "zksync.jp" to deceive crypto users worldwide, with losses of over $1 million.
Deutsche Bank's blockchain adoption highlights institutional trust in public networks, yet challenges remain in aligning token economics with usage. Deutsche Bank deploys production settlement infrastructure on zkSync for real transactions.
Despite the bullish outlook, zkSync still faces bearish pressure that could drag it lower.