Digital Assets archive
Every Digital Assets story, newest first. 462 stories
9 stories
- Regulation
The Blockchain Association changes chiefs after the Clarity Act fails
Summer Mersinger leaves a week after the Senate loss; founder Kristin Smith returns on an interim basis while keeping her Solana Policy Institute post, leaving the next permanent chief to fight at the agencies rather than the Senate floor.
- Regulation
SEC staff writes a staking carve-out it can unwrite
Qualifying staking receipts sit outside the securities categories, handing funds a wrapper answer today and a durability question tomorrow.
- The Wrap
Two business days is the exam stablecoins have to pass
The Fed's redemption deadline and reward presumption turn yield and liquidity into compliance variables, exposing a high-volume chain and handing bank-built corridors the standards.
- Regulation
Cuomo wants rules for a market he's already building
The former New York governor's federal-framework pitch arrives with a disclosed seat on OKX's board and a joint venture with the NYSE's parent, which tells you which register the rules would be written around.
- Tokenization
Edel's DTCC seat matters less than its margin ask
Edel has joined a DTCC feedback group with more than 100 other firms, and its ask is whether DTC-tokenized securities can be posted as margin.
- Regulation
Two business days is the Fed's real stablecoin standard
A 48-hour redemption deadline turns stablecoin reserves into a liquidity test, and the GENIUS Act's 120-day approval clock decides who has to sit for it.
- Tokenization
Aave opens a stock-collateral lending market offshore
Seven tokenized equity tokens and a 21 million USDC cap set the scale; the borrower screen is the story.
- Adoption
Quantum turns cryptographic migration into a diligence line item
Chris Perkins' Fortune op-ed turns quantum from an existential crypto question into a migration-cost problem, and the wrapper layer, not the chain, is where institutional money will feel it.
- The Wrap
Custody wins the tokenization back office
The CFTC's equivalence proof turns tokenized collateral into a compliance obligation, and the firms selling the proof and the rails are positioned to collect the $1.7 trillion collateral mobility pool.
20 stories
- Regulation
The Fed writes the stablecoin reward presumption into rule
Matching the OCC's construction moves the reward fight off the Senate floor and into a sixty-day comment record.
- Regulation
The Fed's yield presumption is the rule that binds
Two draft rules and a 60-day docket will decide how much value platforms can hand back to stablecoin holders, with Congress no longer in the room.
- Regulation
CFTC puts tokenized collateral behind an equivalence proof
Customer funds can sit in tokenized assets and ledgers can be the official record, but the equivalence clause puts the burden of proof on the wrapper.
- Tokenization
The tokenized-stock standard will be decided by who owns the register
Bullish convened a standards group for register-linked tokenized equities around Equiniti, the shareholder-services firm it is buying.
- Custody & Infrastructure
IBM's Swift beta sells reach, not settlement
Banks can instruct a tokenized deposit over the payment messages they already send: cheap distribution for a custody platform, and no answer on who holds the asset.
- Tokenization
Tokenization's $2.3 trillion future is mostly collateral
The forecast's real number is $1.7 trillion in collateral mobility, a market that belongs to the balance sheets and venues that move the assets, not to the products being pitched.
- Adoption
Stablecoin growth deepens old corridors, not new ones
Chainalysis found 4,708 new country-to-country stablecoin routes that together moved a rounding error of the network's measured volume; the concentrated flow is the part a treasurer can actually use.
- Tokenization
Ondo's 20% prices the wrapper, not the portfolios
A named manager on the other side of an offshore sleeve bought Ondo a 20% session, but Litecoin's unexplained 18% is the reminder that part of the bid was never about the license.
- The Wrap
Bitcoin ETFs booked a record day Washington had nothing to do with
Three issuers took nine-tenths of a $998.95 million day after the Senate lost cloture and the Fed raised rates, the clearest sign yet that bitcoin ETFs now clear on distribution, not legislation.
- Custody & Infrastructure
Bitget's move makes off-exchange collateral a baseline
Four venues on one bank's platform turn segregated off-exchange collateral from a marketing line into a cost of doing institutional business.
- Tokenization
Seven UK banks move real money across a shared tokenized rail
The interbank leg matters more than the remortgage payments; the open question is who else gets on the rail.
- Regulation
Peirce's zero-knowledge KYC pitch binds no one
A commissioner's preference for reusable identity checks asks institutions to hold less customer data while leaving every existing compliance duty exactly where it was.
- Tokenization
Ondo wraps BlackRock models in three non-US tokens
A marquee license shortens diligence offshore, but the durable position remains the exit Ondo already bought.
- Adoption
Qivalis has the banks; the euro corridor is unproven
Thirty-seven European banks and a pending Dutch license give the euro stablecoin a distribution story that trade finance has not yet validated.
- Adoption
Solana hires Binance and Polygon veterans to sell tokenization
Two commercial hires make plain the network's binding constraint: converting institutional interest into live payment corridors, not processing capacity.
- Tokenization
ARK's tokenized venture fund bets on a daily NAV
The OpenAI exposure is the pitch; the product that has to work is a daily NAV and an onchain venue for interval-fund interests.
- Tokenization
RockawayX's $150 million goes to tokenized credit's exit problem
A crypto-native firm is paying for loan officers and market makers, not issuance rails, because that is where tokenized credit's economics actually sit.
- Regulation
ESMA puts tokenization and AI on the examiner's desk
From 2027 the EU's securities supervisors will check how regulated firms use tokenized products and AI in client-facing business, a constraint that arrives as evidence requests rather than new rules.
- Regulation
Europe's supervisors put quantum computing on the operational-risk ledger
The 6.9 million bitcoin with public keys already visible onchain sit beyond the reach of Europe's post-quantum deadlines.
- Regulation
Washington's stablecoin export plan is a Treasury-demand program
Three agencies would sell dollar tokens overseas before the rulemaking that defines them is finished, with the reserve book and emerging-market pushback as the real constraints.
11 stories
- Tokenization
The SEC settled the wrapper; issuers still pick the claim
Ondo's Fund/SERV connection, offshore listings and in-kind swaps show the direct-claim build racing a five-year exemption.
- Regulation
Tokenized equities get a compliance path with an expiry date
Time- and size-limited, the SEC's Innovation Exemption now governs how tokenized U.S. equities trade, and the firms building to it are underwriting a clock the next Commission controls.
- Crypto ETFs & funds
21Shares lists a physically backed Zcash ETP in Europe
A privacy coin gets a European wrapper; the share of supply actually using the privacy feature will determine whether the listing is a shelf extension or a one-off.
- Tokenization
Korea's tokenization MOU is a seat, not a product
An exploratory three-way agreement signed a little over four months before Korea's first regulatory phase opens is worth whatever the licensing round makes it, and the products it names are still undecided.
- Tokenization
MoonPay's $60 million buys the venue Agora's neutrality depends on
One of Agora's two founding trading venues will belong to a group that also owns the router and the cash rails, and that governance question is the part of the deal with no price on it.
- Adoption
Tron settles $150 billion a week on seven-cent fees
A payments franchise built on validator concentration and someone else's dollar token is exactly what a reserve-and-licensing regime would leave intact or hand to a licensed competitor — and the chain holds no lever on either outcome.
- Crypto ETFs & funds
Ondo filed twice at zero; the money went to a manager
Four digital-asset wrappers filed empty in the same week the only funded digital-asset vehicle in the record raised $102.4 million.
- Tokenization
Six Canadian banks put the cash leg first
The consortium's first phase settles between members, while a U.S. counterpart has already named an operator — and that choice, not the pilot, sets the standard.
- Tokenization
Ondo strips the cash leg from tokenized stock issuance
In-kind swaps let approved institutions mint tokens against inventory they already hold, building the financing rail on an SEC exemption that expires in five years.
- Adoption
Galaxy lends against the token it holds on its own books
Collateral acceptance, more than the size of the position, decides whether yield-bearing dollars become institutional lending inventory.
- Tokenization
NYSE's tokenized venue needs holders, not more plumbing
Blockchain.com's agreement with the NYSE trades venue access for round-the-clock distribution, and leaves the demand side of tokenized equities unbuilt.