DeFi & L1/L2 Weekly: Crypto.com UAE SVF
Summary
The Upside shares a DeFi+L1L2 update covering major industry moves: Crypto.com became the first VASP in the UAE to gain an SVF license, tokenized stocks AUM on xStocks surpassed $438M, and Kelp DAO burned 117,132 rsETH while outlining a two-week recovery plan. This matters for community members tracking regulation, tokenized assets, and protocol recoveries.
DeFi+L1L2 Update:
🇦🇪 Crypto.com became the first VASP in the UAE to receive a SVF license
🔼 Tokenized stocks AUM on xStocks surpassed $438M
📝 Kelp DAO burned 117,132 rsETH and outlined a two-week recovery plan
Full details 👇
https://crypto.com/market-updates/defi-l1l2-weekly-2026-05-14?utm_source=x&utm_medium=x&utm_campaign=rni_defi-l1l2
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