Key Takeaways
- • Generali Investments placed a share class of its €13 billion cash fund on a blockchain, per Ledger Insights' October 21 report, with access starting among Generali group companies before widening to all clients.
- • Total crypto market value fell 3.9% in a day to $2.819 trillion on CoinGecko, with bitcoin dipping below $82,000.
- • Tokenized assets reached $39 billion in September, according to RankiaPro, and Generali manages €759 billion in total.
- • Stellar (XLM) fell 4.9% over seven days to $0.1765 and trades 81% below its January 2018 record of $0.9381.
- • Mantle (MNT) rose 4.6% over seven days to $0.534, while its dollar stablecoin supply grew from $524.6 million to $548.7 million last quarter, per Nansen.
Summary
Big institutional money continued moving onto blockchain infrastructure even as crypto prices declined. Generali Investments put part of its €13 billion cash fund on chain, according to Ledger Insights, which reported the move on October 21. The tokenized version is a blockchain-based copy of a money market fund, which holds short-term debt. Access begins with Generali's own group companies and is set to widen to all clients. RankiaPro reported that tokenized assets reached $39 billion in September, and that Generali manages €759 billion in total.
The broader market was weak. Total crypto value fell 3.9% in a day to $2.819 trillion on CoinGecko, and bitcoin dipped under $82,000. Stellar was the weakest large asset in the period, with XLM trading at $0.1765 on CoinMarketCap, down 4.9% over seven days per CoinGecko. The token sits 81% below its $0.9381 record from January 2018. On October 20, the group behind Stellar signed a letter asking the SEC for clear crypto rules, according to Cointelegraph.
Mantle held up better than the market, rising 4.6% over seven days per CoinGecko to $0.534 on CoinMarketCap. Nansen data showed dollar-denominated stablecoins on Mantle grew from $524.6 million to $548.7 million last quarter. MNT remains 80% below its $2.85 high from October 2025.
The source article also promotes Pepeto, a presale meme coin that it says has raised over $11.2 million. The piece presents a hypothetical scenario in which $5,000 at the stage price of $0.0000001902 buys about 26.3 billion tokens, and a 30x move would be needed to reach $150,000. It cites a 160% staking APY that the article notes is variable and not guaranteed. These claims are promotional and unverified, and the source itself acknowledges that no return can be promised.
The broader market was weak. Total crypto value fell 3.9% in a day to $2.819 trillion on CoinGecko, and bitcoin dipped under $82,000. Stellar was the weakest large asset in the period, with XLM trading at $0.1765 on CoinMarketCap, down 4.9% over seven days per CoinGecko. The token sits 81% below its $0.9381 record from January 2018. On October 20, the group behind Stellar signed a letter asking the SEC for clear crypto rules, according to Cointelegraph.
Mantle held up better than the market, rising 4.6% over seven days per CoinGecko to $0.534 on CoinMarketCap. Nansen data showed dollar-denominated stablecoins on Mantle grew from $524.6 million to $548.7 million last quarter. MNT remains 80% below its $2.85 high from October 2025.
The source article also promotes Pepeto, a presale meme coin that it says has raised over $11.2 million. The piece presents a hypothetical scenario in which $5,000 at the stage price of $0.0000001902 buys about 26.3 billion tokens, and a 30x move would be needed to reach $150,000. It cites a 160% staking APY that the article notes is variable and not guaranteed. These claims are promotional and unverified, and the source itself acknowledges that no return can be promised.
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