China Merchants Bank Tokenizes $3.8 Billion Fund on BNB Chain for DeFi
Tokenizing a $3.8B MMF on a public chain creates an instant-settlement, programmable cash leg for institutional liquidity and DeFi integration.
SEC Staff Expands Qualified Custodian Definition for Digital Assets
The SEC's custody clarification unlocks institutional capital by validating state-chartered trust companies as qualified custodians for crypto assets.
Citi Deploys Tokenized Deposit Service for Institutional Cash Concentration and Settlement
By tokenizing deposits on a private ledger, Citi achieves T+0 liquidity management, transforming a legacy correspondent banking process into a 24/7 operational utility for multinational treasury.
SEC Staff Permits State Trust Companies as Qualified Digital Asset Custodians
This no-action relief operationalizes institutional crypto access by expanding the qualified custodian universe, mitigating a critical compliance bottleneck for RIAs.
UK Treasury Publishes Draft Law Regulating Digital Asset Service Providers
The UK's new DASP framework mandates exchanges and brokers meet traditional finance standards for resilience, fundamentally altering operational compliance architecture.
Standard Chartered Launches Institutional Spot Crypto Trading on FX Platform
Integrating spot Bitcoin and Ether trading into existing FX rails provides institutional clients with regulated, familiar access to digital assets, optimizing capital deployment.
Solana and Wavebridge Develop Regulated Korean Won Stablecoin and MMF Tokenization
This partnership architects a compliant on-chain settlement layer for Korean institutional assets, drastically reducing counterparty risk and friction.
SEC Staff Confirms State Trust Companies Qualify for Institutional Crypto Custody
This SEC staff position operationalizes institutional crypto custody, providing RIAs and funds a clear compliance pathway for asset safeguarding.
Bank of North Dakota and Fiserv Launch State-Issued Interbank Stablecoin
The state-backed wholesale stablecoin, built on enterprise DLT, establishes a compliant, real-time settlement layer for interbank and global treasury flows.
