Explore the latest blockchain news and global developments as of 24 May 2025, including new partnerships, innovations, and government adoption.
Global Blockchain Roundup: Major Highlights as on 24 May 2025
As the blockchain industry continues its rapid expansion, 24 May 2025 brings major updates across public and private sectors, highlighting increased adoption, technological breakthroughs, and fresh regulatory discussions. Here’s a look at today’s most impactful blockchain developments:
India Launches Blockchain-Powered Property Registry
India’s Ministry of Housing has officially launched a nationwide blockchain-based property records platform in partnership with Polygon Labs. The system aims to curb real estate fraud and reduce processing times for land titles, already rolled out in Karnataka and Maharashtra.
Brazil Tests CBDC on Ethereum-Compatible Chain
The Central Bank of Brazil has begun a closed beta trial of its digital currency, Drex, on a blockchain compatible with Ethereum. The test involves several local banks and fintech firms, marking a major step toward mainstream digital currency adoption in Latin America.
HSBC Joins Canton Network for Tokenized Finance
HSBC has confirmed integration into the Canton Network, a privacy-enabled blockchain developed for regulated financial markets. This move aims to bring interoperability and privacy into tokenized bond and derivatives trading.
LayerZero Labs Launches Trustless Interoperability Bridge
LayerZero has unveiled a new protocol that eliminates centralized relayers, enabling trustless cross-chain swaps across over 25 blockchains. This development is set to improve DeFi scalability and reduce the risk of bridge hacks.
Dubai Approves Web3 Fund to Accelerate Blockchain Startups
Dubai’s Virtual Assets Regulatory Authority (VARA) announced a $250 million Web3 acceleration fund to support early-stage blockchain startups in the MENA region. Priority areas include AI-integrated blockchains, decentralized identity, and sustainable crypto mining.
U.S. Senate Advances Blockchain Voting Bill
A bipartisan committee in the U.S. Senate approved a new bill supporting the development of secure, blockchain-based voting systems. The legislation promotes pilot projects for transparent local and national elections, signaling growing government confidence in decentralized infrastructure.
BitDAO Rebrands as Mantle Network
Decentralized autonomous organization BitDAO has rebranded to Mantle Network and announced the rollout of its mainnet Layer-2 solution. Built on Ethereum and powered by EigenDA, Mantle aims to offer high-throughput, low-fee applications for DAOs and DeFi.
Conclusion:
From real estate records to decentralized elections, blockchain continues its global march toward mainstream adoption. The developments on 24 May 2025 show that the focus is shifting beyond speculation—toward real-world integration, cross-chain utility, and institutional-grade infrastructure. Stay tuned for more as governments and enterprises deepen their investment in Web3.
