Saudi Arabia is tokenizing its entire economy

Saudi Arabia is tokenizing its entire economy

Author: Token Metrics May 15, 2026 Duration: 5:30
Saudi Arabia is tokenizing a multi-trillion dollar economy. BTC slides to $79k. Fear & Greed climbs to 43 from 34. The biggest RWA bet in history just landed while markets bleed.

Today's key developments:
• The crypto market structure bill cleared a key Senate committee hurdle in a bipartisan 15-9 vote, but an ethics fight over Trump-linked crypto interests is threatening the floor vote.
• Lombard joined the LayerZero exodus, shifting $4B in assets to Chainlink's bridge infrastructure as cross-chain trust continues consolidating around fewer players.
• Strategy is retiring $1.5B in convertible notes at a discount and may sell Bitcoin to fund the buyback, introducing the first real sell-pressure signal from the company's treasury in months.


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Token Metrics Daily Pulse
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