OpenAI's new security, debugging LLMs, and Legora's $50M raise
The Big Story
OKX, BlackRock and Standard Chartered to launch new utility for tokenized real-world assets

OKX, a leading global fintech company and crypto trading platform, today announced the launch of a joint framework with BlackRock and Standard Chartered to integrate BlackRock’s BUIDL tokenized short-term treasury fund into collateral workflows, marking the first time a globally systemically important bank (G-SIB) has acted as custodian in such an arrangement.

Daily Basis Take

A G-SIB custodying tokenized treasuries as trading collateral removes the last institutional excuse for not integrating RWAs into live workflows.

BlackRock, OKX, and Standard Chartered just made tokenized collateral a TradFi problemPost this before your competitors do →
via Finextra
Money Moves
Swedish Legal Tech Startup Legora Lands Another $50M In Nvidia-Led Series D Extension
$50M

Nvidia backing a $5.5B legal AI platform at Series D signals GPU makers are now picking vertical software winners, not just selling infrastructure.

When your chip supplier leads your Series D, the stack is collapsingAdd your angle →
via Crunchbase News
SpaceX backer 137 Ventures raises $700M for two growth-stage funds
$700M

$700M into growth-stage defense and space bets signals late-stage capital is rotating hard from consumer fintech toward dual-use deep tech.

Where growth capital is actually flowing in 2025Add your angle →
via TechCrunch Startups
Quick Hits
OpenAI announces new advanced security for ChatGPT accounts, including a partnership with Yubico

Hardware key auth for ChatGPT signals enterprise accounts are now a serious attack surface worth defending—and a direct play for corporate IT budgets.

Why OpenAI's Yubico deal is really an enterprise security land grabYour network needs this →
via TechCrunch
This startup’s new mechanistic interpretability tool lets you debug LLMs

Goodfire's Silico makes LLM internals editable during training—threatening black-box fine-tuning vendors and giving compliance teams an actual audit handle.

The interpretability tool that could finally give regulators something to work withYour network needs this →
via MIT Technology Review
Crypto hacks hit record high in April as exploits kept piling up

Record April crypto exploits—including dormant Ethereum wallet drains—mean on-chain risk models built on historical activity are structurally underpriced.

Why your crypto risk model doesn't account for dormant wallet attacksYour network needs this →
via The Block

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OpenAI's new security, debugging LLMs, and Legora's $50M raise | Daily Basis