Crypto asset manager Hashdex filed an amendment with the U.S. Securities and Exchange Commission (SEC) seeking to add litecoin (LTC) and XRP among other cryptocurrencies to its Nasdaq Crypto Index US ETF.

The proposal also lists cardano’s ADA, solana’s SOL and other altcoins including LINK, AVAX and UNI. The fund is currently mostly bitcoin (BTC) with some exposure to ether (ETH), according to Hashdex’s website.

An alternative version of the fund traded on the Bermuda Stock Exchange, the Hashdex Nasdaq Crypto Index ETF, already offers exposure to the broader basket of cryptocurrencies. The Hashdex Nasdaq Crypto Index US ETF is designed to track a diversified set of digital assets, offering investors regulated exposure to the crypto market.

Securitize and Ethena Labs, two firms working closely with BlackRock’s money market token BUIDL, have created an Ethereum-compatible blockchain called Converge, designed to house tokenized assets and provide institutional investors with the innovation of decentralized finance (DeFi).

Ethena, which offers a yield-bearing USDe token as well as a BUIDL-backed USDtb stablecoin, will migrate its $6 billion DeFi ecosystem to Converge, while Securitize, the transfer agent for BlackRock’s BUIDL token, will bring its suite of tokenized real world assets (RWAs), like the recently-issued Apollo credit fund token, to the new chain.

From in the early days of DeFi there has been a concerted effort to expand beyond cryptocurrencies and bring traditional assets on chain as collateral. Today, traditional financial firms are clamouring to get in the tokenization race, so it makes sense for firms like Securitize and Ethena to create an institutional-friendly path to DeFi.

“Tokenization, per se, is just putting your securities on a different ledger, and it produces cost savings and efficiencies, but it doesn’t necessarily lead to anything significantly different in terms of what you can do with these assets,” said Securitize CEO Carlos Domingo in an interview. “On the other hand, crypto has been developing very novel ways of using digital assets. If you could actually bring that DeFi innovation back into the RWA space it could make it explode.”

Securitize and Ethena have brought a sturdy firm of initial partners to Converge, including Pendle, Avara (the parent company of Aave Labs), Ethereal, Morpho, and Maple Finance. Custodial services will be provided by Copper, Fireblocks, Komainu, and Zodia, while interoperability will come via LayerZero, Wormhole and oracle support from RedStone.

Looking ahead to what can be built using the Converge blockchain, Ethena founder Guy Young said there will be new products courtesy of Securitize to be housed on the chain, opening up new use cases.

“That might be using this stuff as collateral within tailor-made money markets, or it could be trading of different assets which don’t exist on-chain now at real scale, so that might be equities or whatever, going forward,” Young said in an interview. “We think something that’s purpose built for this intersection of TradFi and Defi is going to be one of the largest opportunities over the next few years.”

Converge will be compatible with the Ethereum Virtual Machine (EVM), enabling it to run Ethereum-based smart contracts, dApps, and tools without modification. It will boast performance that is in line with industry-leading blockchains, according to a press release.

Ethena’s native governance token, ENA, will serve as a stakeable asset (via sENA) for Converge, securing the network with a permissioned validator set composed of traditional finance entities and centralized exchanges. Both USDe and USDtb will serve as gas tokens for the network.

Converge is a public open chain with a kind of know-your-customer (KYC) wrapper, which goes beyond mere whitelisting of wallets, Domingo said.

“DeFi today is designed specifically for permissionless and anonymous market participants and freely transactable assets,” Domingo said. “To bring that innovation in a context where the collateral and the asset that you’re pledging into the protocol is actually a regulated instrument, there are a bunch of things beyond purely white listing wallets and KYC.”

Canary Capital has submitted paperwork with the Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking the price of Sui (SUI), a layer-1 blockchain.

The hedge fund manager on Monday submitted an S-1 filing with the SEC after previously registering a trust entity in the state of Delaware — on March 7 — which appeared on the state’s Division of Corporations website.

Canary Capital has filed several crypto ETF filings with the Securities and Exchange Commission (SEC) in recent months, including for Dogecoin (DOGE), Solana (SOL) and XRP, among others.

The decision to launch a SUI ETF comes 10 days after Trump-affiliated decentralized finance (DeFi) platform World Liberty Financial (WLFI), said that it would add Sui assets to its token reserve and explore product development opportunities.

SUI jumped on the news, currently trading at $2.34. While the token is up over 52% over the past 12 months, zooming into the past month, it is down about 31%.

Canary Capital is now expected to file a 19b-4 document with the SEC, making its plans for a SUI fund official.