In today’s Asia Morning Briefing, coverage begins with a landmark partnership in the tokenized asset space. Chronicle, a leading oracle infrastructure provider, has signed an exclusive deal with Grove Protocol—an institutional-grade credit platform—to support a $1 billion tokenized collateralized loan obligation strategy. Grove Protocol, part of the Sky ecosystem, uses tokenized real-world assets (RWAs) to bridge traditional credit markets with decentralized finance (DeFi), offering diversified, yield-generating opportunities on chain.
Niklas Kunkel, Chronicle’s founder, spoke with CoinDesk about how oracles are evolving beyond mere price feeds to deliver comprehensive data and context for on-chain lending. He explained that oracles now facilitate real-time risk management by ingesting industry filings, regulatory disclosures and off-chain financial statements—functions that regulators themselves may soon leverage as a form of regtech. Kunkel described this shift as DeFi’s next major growth engine, projecting that tokenized assets could inject a multi-trillion-dollar liquidity wave into the ecosystem once regulators fully embrace oracle-mediated compliance.
Market movers included bitcoin trading at $119,000, up 2% over the past 24 hours amid a bullish S&P 500 correlation note from J.P. Morgan, and Ether trading above $4,200 following a forced short squeeze that liquidated over $300 million in ETH positions last week. Gold remained near record highs as traders anticipated a Fed rate cut later this year amid weaker U.S. economic data and trade tensions.
Elsewhere, attention turned to geopolitical developments: El Salvador’s new bitcoin law signals a pivot toward institutional investment, while stablecoin issuers Circle and Tether continue to amass U.S. Treasuries at unprecedented rates. Additionally, Animoca Brands and Standard Chartered announced a joint venture to issue a Hong Kong dollar-backed stablecoin ahead of the city’s new licensing regime.
Looking ahead, Asia markets prepare for key economic releases, including Japan’s tankan survey and China’s industrial production figures. Cryptocurrency traders also eyed the upcoming U.S. consumer price index report for clues on Fed policy. With tokenized assets gaining institutional traction and oracles proving their regulatory value, market participants anticipate a new chapter of DeFi expansion—one driven by real-world credit and anchored by advanced data infrastructure.
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