The world’s largest financial institutions are going onchain. This week, Citi partnered with Coinbase to power institutional payments, J.P. Morgan tokenized a private-equity fund on Kinexys, and Standard Chartered projected $2T in tokenized assets by 2028. The lines between traditional and onchain finance continue to blur. Here’s what you need to know 👇 1⃣ Citi collaborates with Coinbase to power institutional digital asset payments Citi and Coinbase are developing digital-asset payment capabilities for institutional clients, initially focused on streamlining fiat pay-ins and pay-outs and improving payment orchestration. 2⃣ J.P. Morgan tokenizes private-equity fund via Kinexys J.P. Morgan has tokenized a private-equity fund on its blockchain platform, making it accessible to select private-bank clients. The initiative precedes the broader launch of Kinexys Fund Flow, the bank’s upcoming fund-tokenization platform. 3⃣ Western Union to launch stablecoin in partnership with Solana Western Union plans to introduce the U.S. Dollar Payment Token (USDPT), a dollar-backed stablecoin built on Solana and issued by Anchorage Digital Bank. The token will enable cross-border transfers while reducing exposure to local-currency volatility. 4⃣ Standard Chartered projects $2 trillion in tokenized assets by 2028 Standard Chartered’s Global Head of Digital Assets Research, Geoff Kendrick, estimates that non-stablecoin tokenized assets could reach a $2 trillion market cap by 2028, signaling accelerating institutional adoption.