SEC Staff Clarifies State Trust Companies Qualify as Digital Asset Custodians
The SEC Staff's no-action relief provides a critical, compliant pathway for Registered Investment Advisers to custody client digital assets via state-chartered trusts.
US Congress Enacts GENIUS Act Establishing Federal Stablecoin Regulatory Framework
The GENIUS Act codifies payment stablecoins as a distinct asset class, mandating 1:1 reserve backing and creating a clear dual federal-state compliance path.
SEC Approves Generic Listing Standards Streamlining Crypto Exchange-Traded Product Approvals
The SEC's approval of generic ETP listing standards streamlines market access for crypto-backed products, reducing regulatory friction and increasing institutional flow.
EBA Rejects Commission Amendments on MiCA Stablecoin Reserve Liquidity Standards
Stablecoin issuers must prioritize the EBA's strict prudential standards for reserve composition; regulatory arbitrage risk remains elevated.
BNY Mellon Explores Tokenized Deposits to Modernize $2.5 Trillion Payment Network
Tokenized deposits on DLT will bypass legacy payment systems, enabling 24/7 real-time cross-border settlement for corporate clients.
Luxembourg Sovereign Fund Invests in Bitcoin ETFs
Luxembourg's sovereign wealth fund has allocated 1% of its portfolio to Bitcoin ETFs, signaling growing institutional acceptance of digital assets.
BNY Mellon Explores Tokenized Deposits for $2.5 Trillion Daily Payments
Leveraging tokenized deposits provides continuous, 24/7 settlement velocity, strategically enhancing global treasury liquidity management and mitigating cross-border friction.
SEC Staff Permits State Trust Companies as Qualified Crypto Asset Custodians
The SEC staff’s custody no-action relief expands the qualified custodian universe, strategically de-risking institutional crypto adoption.
Zero-Knowledge Proof of Training Secures Federated Consensus
The Zero-Knowledge Proof of Training consensus mechanism uses zk-SNARKs to prove model performance without revealing private data, solving the privacy-utility conflict in decentralized computation.
