Daily Brief · September 8, 2026
EverBank-WaFd reverse merger and tokenized collateral economics
A regional reverse merger headlines the day, while tokenized collateral is framed as a cost and capital-efficiency lever.
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EverBank and WaFd agree to a reverse merger
WaFd will be the surviving holding company, but EverBank investors will hold the larger stake; WaFd will rebrand as EverBank and trade as EVBK. The $46.7 billion-asset EverBank will merge into the $27.6 billion-asset WaFd, and WaFd Bank will then merge into EverBank under Office of the Comptroller of the Currency oversight, with closing expected early next year.
Source: The Bank Slate
Tokenized collateral is framed as a bank capital-efficiency use case
American Banker reports that tokenization projects are being viewed not only as modernization initiatives but as potential sources of new revenue, lower operating costs, improved capital efficiency and differentiated products. It cites a Nasdaq and The ValueExchange estimate that tokenized collateral could reduce operating costs by about 12% for global institutions.
Source: American Banker