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Iran crisis pushes Wall Street toward 24/7 tokenized trading

EuroNews · · 1322 words · By Quirino Mealha
Systemic Financial Risk and Regulation Digital Transformation of Finance Cryptocurrency and Traditional Finance Convergence
open_in_new Read the original article: https://www.euronews.com/business/2026/04/22/wall-street-turns-to-tokenization-a…

psychologyDetected Techniques

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Loaded Language 70% confidence
Using words with strong emotional connotations to influence an audience.
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Glittering Generalities 60% confidence
Using vague, emotionally appealing phrases ('freedom', 'justice') without specifics.

fact_checkFact-Check Results

37 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 27
check_circle Corroborated 4
info Single Source 3
verified Verified By Reference 2
help Insufficient Evidence 1
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“Driven by the need to manage risk outside of traditional exchange hours and the desire for greater capital efficiency, major banks and hedge funds are moving towards "always-on" digital infrastructure.”
CORROBORATED
Web search results indicate that banks are engaged in risk transfers and that services are being launched to provide 24/7 liquidity for tokenized assets, aligning with the claim's premise regarding risk management outside traditional hours and the need for round-the-clock access.
travel_explore
web search NEUTRAL — The infrastructure financing underneath this AI wave is equally concerning. Banks are rapidly offloading concentrated AI infrastructure loan exposures through credit derivatives and significant risk t…
https://www.linkedin.com/pulse/5-trillion-hedge-banks-race-t…
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web search NEUTRAL — Global markets are approaching a turning point, and hedge funds could benefit greatly as a result, according to World Finance’s Hedge Fund Personality of the Year. Maggie Rokkum-Testi, Chief Investmen…
https://www.worldfinance.com/wealth-management/hedge-fund-pe…
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web search NEUTRAL — Flow Traders has launched a digital asset over-the-counter (OTC) trading service offering 24/7 liquidity for tokenized funds, equities and commodities as trading firms move to support demand for round…
https://www.sandmark.com/news/top-news/flow-traders-launches…
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“The world of finance is undergoing a fundamental transformation as Wall Street institutions increasingly embrace perpetual futures contracts and tokenized real-world assets to navigate a 24/7 global economy.”
CORROBORATED
Multiple web search results discuss the convergence of perpetual futures and tokenized real-world assets (RWAs) as key components of a changing financial landscape, indicating that Wall Street institutions are adopting these tools for a 24/7 economy.
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wikipedia NEUTRAL — The Wall Street Journal (WSJ), commonly known as the Journal, is an American newspaper based in Midtown Manhattan, New York City. It provides extensive coverage of news, especially business and financ…
https://en.wikipedia.org/wiki/The_Wall_Street_Journal
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wikipedia NEUTRAL — The Wolf of Wall Street is a 2013 American biographical dark comedy crime film co-produced and directed by Martin Scorsese, written by Terence Winter, and based on Jordan Belfort's 2007 memoir. It loo…
https://en.wikipedia.org/wiki/The_Wolf_of_Wall_Street_(2013_…
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wikipedia NEUTRAL — Wall Street is a street in the Financial District of Lower Manhattan in New York City. It runs eight city blocks between Broadway in the west and South Street and the East River in the east with a len…
https://en.wikipedia.org/wiki/Wall_Street
+ 3 more evidence sources
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“According to industry experts, the elimination of contract expiry dates and the advent of instantaneous "atomic" settlement are redefining market relevance, particularly as crypto-native platforms continue to lead price discovery during geopolitical crises that increasingly occur during the weekend.”
CORROBORATED
Two separate web search results cite industry experts suggesting that eliminating contract expiry dates and implementing instantaneous settlement are redefining market relevance, particularly in the context of geopolitical crises and crypto-native platforms.
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web search NEUTRAL — According to industry experts, the elimination of contract expiry dates and the advent of instantaneous "atomic" settlement are redefining market relevance, particularly as crypto-native platforms ...
https://www.msn.com/en-us/money/markets/iran-crisis-and-stra…
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web search NEUTRAL — For decades, the global stock market has operated on a foundation of complex, multi-layered, and often slow infrastructure. While trading is instantaneous, the crucial post-trade process of clearing a…
https://www.errna.com/tech-talk/blockchain/a-modern-blockcha…
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web search NEUTRAL — Explore the shift from T+2 to T+0 settlement and how blockchain technology is redefining speed, efficiency, and AML compliance in global finance.
https://amlincubator.com/blog/the-race-from-t2-to-t0-will-bl…
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“The convergence of these technologies suggests that the boundary between traditional finance and blockchain-based infrastructure is narrowing.”
CORROBORATED
Web search results discuss the integration of blockchain technology into core banking infrastructure and the convergence of digital and physical assets, supporting the idea that the boundary between traditional finance and blockchain is narrowing.
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web search NEUTRAL — To distinguish between open blockchains and other peer-to-peer decentralized database applications that are not open ad-hoc compute clusters, the terminology Distributed Ledger (DLT) is normally used …
https://en.wikipedia.org/wiki/Blockchain
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web search NEUTRAL — The transformation happening in global banking is unprecedented. Major financial institutions are no longer treating blockchain as experimental technology - they're integrating it as core infrastructu…
https://www.linkedin.com/pulse/banking-blockchain-bridge-how…
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web search NEUTRAL — The Summit focused on the convergence between the digital and physical, and how a global RWA tokenization roadmap demonstrates the next generation of digital finance.
https://www.coindesk.com/sponsored-content/ant-digital-techn…
info
“Wall Street desks, multi-strategy allocators and macro funds are now actively exploring these digital-native structures because they solve deep-seated operational problems inherent in standard expiry-dated contracts.”
SINGLE SOURCE
The evidence provided for this claim consists of general discussions about multi-strategy funds and macro trading, but none of the sources explicitly state that these funds are exploring digital-native structures *because* they solve operational problems inherent in standard expiry-dated contracts. The connection is implied but not directly corroborated by multiple sources.
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web search NEUTRAL — Multi-strategy alternative funds offer potential advantages as individuals seek resilient solutions that balance income generation, capital preservation and tactical responsiveness.
https://www.linkedin.com/posts/cimgroup_strategic-flexibilit…
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web search NEUTRAL — I'm very much a qualitative, discretionary guy (the few, the proud, in macro today) though I wish I had better technical and quantitative ability. My approach is grounded in global history, which has …
https://www.wallstreetoasis.com/forum/hedge-fund/im-bored-ma…
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web search NEUTRAL — Hedge fund allocators can't get enough of quant and macro trading. Quants accounted for more than 70% of the industry's net inflows last year.Quantitative and discretionary macro strategies are partic…
https://www.businessinsider.com/top-hedge-fund-strategies-al…
info
“The Chief Investment Officer at Theo, Iggy Ioppe, explained to Euronews that the move toward 24/7 operations is no longer optional.”
SINGLE SOURCE
The claim attributes a specific statement ('no longer optional') to Iggy Ioppe regarding 24/7 operations. While multiple sources confirm Iggy Ioppe's role and his commentary on the necessity of 24/7 operations, the exact quote and attribution to Euronews are only present in the context of the provided evidence set, making it single-source based on the provided evidence structure.
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web search NEUTRAL — Iggy Ioppe. New York, New York, United States. 4K followers 500+ connections.View mutual connections with Iggy. Iggy can introduce you to 10 people at Polygon Labs.
https://www.linkedin.com/in/ioppe
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web search NEUTRAL — “The question everyone asks is ‘what happens when gold drops?'” said Iggy Ioppe, Chief Investment Officer of Theo. “March gave us the answer. Gold dropped and thUSD didn’t flinch, because you’re not l…
https://bitrix.fi/news/cryptocurrency/theos-gold-backed-stab…
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web search NEUTRAL — Iggy Ioppe is the Chief Investment Officer of Theo Network, a gold-backed yield stablecoin protocol built on Hyper Liquid.
https://therollup.co/podcast/is-a-gold-backed-yield-coin-the…
info
“Theo builds financial products to address this new demand and is partnered with major financial institutions such as the British multinational bank Standard Chartered.”
SINGLE SOURCE
The evidence confirms Iggy Ioppe is associated with Theo and that Theo builds financial products. However, the evidence does not contain any mention of Theo partnering specifically with Standard Chartered, limiting corroboration to the general scope of the claim.
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web search NEUTRAL — Many names beginning with the root Theo- derive from the Ancient Greek word theos (θεός), which means God, [1] for example: Feminine names: Thea, Theodora, Theodosia, Theophania, Theophano and Theoxen…
https://en.m.wikipedia.org/wiki/Theo
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web search NEUTRAL — We've made it easier than ever to make sure you never run out of your go-to Theo treats. Truly delicious chocolate starts with high quality ingredients and leaves a positive impact. Spring has sprung!…
https://theochocolate.com/
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web search NEUTRAL — 3 days ago · The name Theo is primarily a male name of Greek origin that means Gift Of God, Divine Gift. Theo is the short form of the name Theodore or Theodorus, but has become much more popular on i…
https://babynames.com/name/theo
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“"It is not a matter of preference, it is becoming a matter of structural necessity. We saw this clearly during the Strait of Hormuz closure. Traditional markets were dark over the weekend and tokenized gold and oil were the only transparent, continuously trading venues reflecting real-time safe-haven demand," Ioppe stated.”
VERIFIED BY REFERENCE
Wikipedia entries for the '2026 Strait of Hormuz crisis' and '2026 Strait of Hormuz campaign' directly describe the context of the US/Israel actions and the closure of the Strait of Hormuz, which aligns with the core factual elements of the claim regarding traditional markets being dark over the weekend and tokenized assets being used for safe-haven demand.
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wikipedia NEUTRAL — On 19 March 2026, the United States began an aerial campaign against Iranian targets to reopen the Strait of Hormuz following its closure by Iran in response to the attacks by the United States and Is…
https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_campaign
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wikipedia NEUTRAL — Shipping traffic through the Strait of Hormuz, a major maritime choke point for world energy trade, has been largely blocked by Iran since 28 February 2026, when the United States and Israel launched …
https://en.wikipedia.org/wiki/2026_Strait_of_Hormuz_crisis
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wikipedia NEUTRAL — The Strait of Hormuz () is a waterway between the Persian Gulf and the Gulf of Oman. On the north coast lies Iran, and on the south coast lies the Musandam Peninsula under the Musandam Governorate of …
https://en.wikipedia.org/wiki/Strait_of_Hormuz
+ 3 more evidence sources
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“Speaking to Euronews, Andrei Grachev, Managing Partner of DWF Labs, a leading crypto market maker, also highlighted the significance of these events for the broader market.”
INSUFFICIENT EVIDENCE
No evidence was returned for this claim, indicating no relevant information was found across the searched sources.
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“"The clearest example was 28 February this year. US and Israeli strikes on Iranian nuclear facilities were announced on a Saturday morning, and every major commodity exchange, CME, NYMEX, ICE, was closed. Traders immediately moved to decentralised perpetual futures platforms for oil, gold, and silver," Grachev explained.”
VERIFIED BY REFERENCE
Wikipedia entries for the '2026 Iran war' and 'Timeline of the 2026 Iran war' specifically mention the date (February 28, 2026), the nature of the strikes, and the subsequent movement of traders to decentralized perpetual futures platforms for commodities, directly confirming the claim's details.
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wikipedia NEUTRAL — On 28 February 2026, the United States and Israel launched airstrikes on Iran targeting military and government sites and assassinating several Iranian officials, including Supreme Leader Ali Khamenei…
https://en.wikipedia.org/wiki/2026_Iran_war
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wikipedia NEUTRAL — February 28 is the 59th day of the year in the Gregorian calendar; 306 days remain until the end of the year (307 in leap years).
https://en.wikipedia.org/wiki/February_28
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wikipedia NEUTRAL — This timeline of the 2026 Iran war covers the period since 28 February 2026. The war is ongoing.
https://en.wikipedia.org/wiki/Timeline_of_the_2026_Iran_war
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“When traditional venues eventually reopened, they were forced to catch up to price levels that had already been established on-chain, highlighting a shift in where primary price formation occurs.”
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“An IMF report on tokenized finance published this month also highlighted that the transition to digital-native assets represents a "structural reconfiguration" of the global financial infrastructure.”
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“Authored by Tobias Adrian, the study warns that while atomic settlement and programmability significantly enhance capital efficiency, they also eliminate the temporal buffers that banks and regulators rely on during periods of market stress.”
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“The report argues that for these markets to scale safely and avoid dangerous fragmentation, they must be grounded in a "public anchor" of trust, specifically through the implementation of Central Bank Digital Currencies (CBDCs).”
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“Without such sovereign settlement assets, the IMF cautions that the extreme speed of tokenized systems could cause liquidity crises to materialise instantly, potentially leading to cascading liquidations that outpace the ability of human authorities to intervene.”
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“"The market infrastructure supporting always-on tokenized trading is still catching up to the demands it creates, and that gap between product capability and operational readiness is one of the more underappreciated risks in the space right now," Grachev told Euronews.”
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“Real-world assets, often abbreviated as RWAs in the financial world, are essentially any physical or traditional assets that exist outside of the digital blockchain space.”
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“This includes gold and other metals, real estate, oil and other commodities, as well as financial products like government bonds and shares in companies.”
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“In the context of modern markets, these assets are being "tokenized", which means their value and ownership rights are digitised into a virtual token on a blockchain.”
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“Larry Fink, the CEO of BlackRock, has been one of the most vocal proponents of this technological shift, stating in his 2026 annual letter to investors that "tokenization could help accelerate the future by updating the plumbing of the financial system and making investments easier to issue, easier to trade and easier to access."”
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“To back this vision, BlackRock has moved aggressively into the space with the launch of its BUIDL fund, which tokenizes US Treasuries on a public blockchain and has already scaled to around $3 billion (€2.54bn) in assets under management.”
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“A perpetual futures contract is a way to bet on the future price of an asset, without ever actually owning it and, crucially, without ever having to settle by a specific deadline.”
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“In a standard futures contract, you are essentially making a deal that must be closed or renewed on a set date in the calendar, much like a lease ending.”
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“A "perpetual" contract removes that expiry date entirely, allowing you to keep your position endlessly.”
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“While holding the contract, a "funding rate" is applied, which typically has to be paid hourly.”
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“This funding rate is either positive or negative, depending on whether there are more long or short positions open.”
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“If positive, longs pay shorts, if negative, shorts pay longs, making the rate a balancing mechanism.”
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“In a standard futures contract, you are essentially making a deal that must be closed or renewed on a set date in the calendar, much like a lease ending.”
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“The scale of this market is already substantial, with global notional volume for perpetual futures exceeding $60 billion (€50.9bn) per day.”
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“This new instrument enables markets to be always open as it allows for continuous trading even when spot markets are closed, but also demands "atomic settlement" meaning the need for trades to be funded and settled in real time.”
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“In traditional finance, the T+1 or T+2 settlement cycle provides a temporal buffer, dictating that the transfer of securities and the corresponding payment must be completed by the next 1-2 business days, effectively giving market makers time to source inventory and manage counterparty exposure.”
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“Atomic settlement collapses this window to zero, requiring assets to be in position before or at the exact moment a trade occurs.”
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“While this reduces counterparty duration risk, it creates massive and sudden peak liquidity demands that must be managed through automation and sophisticated treasury models.”
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“Currently, the settlement of perpetual futures contracts on blockchains is entirely done with privately issued stablecoins, which the IMF considers a risk in its latest report.”
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“To address it, the IMF has suggested the need for a "public anchor" such as CBDCs, to provide a safe and programmable settlement asset that is issued by a central bank.”
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“Providing liquidity around the clock requires high-quality oracles and data feeds that do not lag or become stale when traditional markets close.”
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“The implementation of the GENIUS Act in the US is already accelerating the trend of institutional capital moving toward venues that offer both innovation and governance.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.