Forward moved $32M in Solana this week as banks explored tokenized deposits

Zcash was hit by a critical exploit and Arthur Hayes’ exit, while Binance said crypto exchanges could unlock trillions in new equity, according to the weekly roundup.

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ZEC

Summary

Forward moved $32 million in Solana this week, highlighting continued large-value token flows during a period that also saw pressure on Zcash after a critical exploit and Arthur Hayes’ exit. The weekly snapshot further pointed to growing institutional interest, with major U.S. banks exploring tokenized deposits (bank-issued digital representations of deposits), a structure many in the industry view as a bridge between traditional finance and blockchain-based settlement. Binance also argued that crypto exchanges could unlock trillions in new equity, underscoring the sector’s broader push to connect digital-asset infrastructure with conventional capital markets.

Terms & Concepts
  • tokenized deposits: Bank-issued digital versions of deposits
  • Solana: A blockchain network with native token SOL
  • crypto exchanges: Platforms where digital assets are traded