Digital Assets archive
Every Digital Assets story, newest first. 462 stories
1 story
- Custody & Infrastructure
Gemini's $753 million price tag values licenses, not a shrinking exchange
Takeover speculation is unconfirmed, but crypto buyers have been paying for the replacement cost of a U.S. regulatory perimeter.
1 story
- Adoption
Ripple ships atomic settlement while its asset-manager roster stays unnamed
The XRP Ledger gets leg-for-leg delivery before it gets the clients Ripple says are coming, and the fee-bundling use may beat both to volume.
11 stories
- Regulation
CFTC claims crypto's venue rules without writing a word
A ten-working-day review clock ending Oct. 1 is the only public feature of a two-part rulemaking that would govern retail crypto leverage, and it binds the agency to nothing.
- The Wrap
Ether funds bled as the statute died on a 49-50 vote
With Clarity dead, institutional crypto capital is repricing a rulebook of expiring agency accommodations and buying the only durable position left: the exit.
- Tokenization
A 51-cent redemption puts tokenized credit's exits on trial
Neutrl's haircut traces to disclosed liquid assets and Strata's waterfall is executing as written. The unpublished sNUSD conversion and the stale $1 screen are the two numbers no one in this stack can price.
- Regulation
CFTC files crypto rule at OMB with contents undisclosed
Three crypto actions landed this week with three different lifespans; only the untitled rulemaking at the White House has no built-in expiry.
- Tokenization
Morpho makes tokenized stocks collateral, with the token carrying the law
Coinbase's non-US stock tokens can now be pledged for dollars on Base, but $54,652 in borrowing and a single curator show how much of the market is still missing.
- Tokenization
MoonPay builds a shelf of tokenized funds and keeps the leverage
Two of the larger managers in tokenized government paper have now plugged into the same app, and the reserve share neither firm named is what sizes the deal.
- Tokenization
Onchain finance's real product is a counterparty you can name
Fortune's new category concedes what crypto spent a decade refusing to concede, and that concession is what institutions will pay for.
- The Wrap
A five-year experiment built on plumbing, not tokens
The SEC's tokenized-stock pass comes with a 0.25% volume cap, halt switches, and a five-year sunset; the only durable positions are custody, issuer notice, and synthetic exclusions.
- Adoption
SBI buys a licensed stablecoin corridor in Singapore
The $25 million dtcpay round is small money for a group assembling licensed endpoints across Ripple, Circle and Coinhako, and the withheld valuation says SBI paid for access rather than growth.
- Adoption
Strip Strategy out and the corporate treasury bid vanishes
A single August purchase supplied 78% of public companies' bitcoin buys last quarter, which makes the corporate-treasury category a single balance sheet's financing program.
- Crypto ETFs & funds
Ether ETFs shed $400 million as the token gains
Three sessions of redemptions in a rising ether market thin the funds' 30-day cushion to a quarter of the month's gain, while Zcash's single U.S. fund books its best session of the month.
11 stories
- Regulation
The SEC just put tokenized stocks on a five-year clock
The innovation exemption creates a venue class for tokenized U.S. equities, and the sunset clause will decide which of them still exist when it ends.
- Regulation
Congress is taxing staking before it says who regulates it
The Digital Asset Tax Certainty Act's committee advance puts staking, mining and broker-reporting definitions in motion while the market-structure bill fell short in the Senate; a tax definition sticks around longer than an agency accommodation.
- Tokenization
The SEC's tokenized-stock test rewards plumbing, not wrappers
A five-year exemption opens AMM trading for real tokenized shares while the 30-day issuer notice and the synthetic exclusion decide which firms actually collect.
- Regulation
SEC opens tokenized equities, then caps them at 0.25%
A temporary exchange exemption with volume caps, halt switches and a five-year fuse is less a market opening than an evidence-gathering exercise; the caps are the sampling design.
- The Wrap
Revocable rules moved issuers to buy the exits
Ondo's Fund/SERV seat, Tenka's secondary market, and Payward's venue request are three versions of one trade: own the exit, because the entrance can be withdrawn by the next commission.
- Regulation
The SEC builds a 24-hour market on paper that expires
A five-year tokenization pass and a roundtable on overnight trading arrived an hour apart Thursday, before anyone wrote the rules that make either one last.
- Regulation
Clarity’s failure hands U.S. crypto policy to two reversible agencies
With the statute dead, the only durable parts of the American rulebook are agency accommodations that the next commission can rewrite — and the venue half remains undrafted.
- Regulation
Clarity's failure hands crypto's rulebook to two reversible agencies
Institutions lose the multi-year certainty a statute supplies, and no exemption the SEC writes this year binds the commission that replaces it.
- Tokenization
Tenka raises pre-seed to give private credit an exit other than redemption
Maven 11 leads an undisclosed round for infrastructure designed to let asset-backed exposures change hands before the loans beneath them repay.
- Regulation
The SEC's tokenization pass makes real stock ownership the entry ticket
A five-year pass from the exchange definition hands venues market-making room they must back with dividends, votes, and a custody chain, while the durable rules that would make it permanent stay unwritten.
- Custody & Infrastructure
Circle's Arc logged 7.83 million transactions, almost none of them payments
Eleven founding validators bought Circle a governance story on day one; the transfer data says the settlement demand has not arrived.
16 stories
- Regulation
With CLARITY dead, two agencies write one rulebook at two speeds
The SEC has a comment deadline and the CFTC has two directives and no proposal, leaving the venue half of U.S. crypto rules as the half with nothing on the docket.
- Tokenization
Ondo's broker-dealer joins Fund/SERV, the fund industry's distribution pipe
The first tokenization participant on a network that predates the current debate buys distribution reach no chain replicates, with no fund, distributor, or launch date attached.
- Regulation
House tax panel advances crypto tax bill 38-5 after Clarity failure
The 38-5 committee vote gives crypto a win the week its market-structure bill died, but five legislative weeks leave the tax fix as momentum rather than law.
- Regulation
Payward asks the CFTC to bless perps matched onchain
The Kraken parent would list Hyperliquid-matched perps on Bitnomial and clear through NinjaTrader, leaving CFTC approval as the only gate.
- Regulation
Clarity dies at 49-50, and the industry settles for rescindable rules
Agency rulemaking is the only live path now, and the durability the bill promised is precisely what the vote removed.
- Regulation
Payward builds the onshore perp out of licenses it bought
If the CFTC lets a HIP-3 contract trade under Bitnomial's rules, an offshore public blockchain's order book reaches U.S. clients with agency accountability attached — and the accommodation lasts only as long as the commission.
- Crypto ETFs & funds
The week's most telling filings were the two with nothing in them
Circle and a Tether-Aave-Avalanche-Anchorage vehicle registered with no assets, while Theo's $40 million silver lease book showed the funded version.
- Adoption
Iris bets carriers are the distribution stablecoins never had
A live Bolivian deployment gives Iris a case study, a family office's $43 million, and churn numbers the next carrier has to repeat.
- Tokenization
Theo's tokenized silver is a lease book in a wrapper
The $40 million beta launch moves commodity carry off dealer balance sheets and into a token, where counterparty credit is the hard part.
- Tokenization
Aave's RWA hub is a governance test before it is a lending market
Aave Labs' plan to let institutions borrow in USA₮ against tokenized collateral on Avalanche rests on a DAO proposal that has not been posted and on collateral that has not arrived.
- Adoption
Kraken's parent builds a regulated door onto Hyperliquid
Payward is pricing the permissioned account that lets a US institution touch a public chain without leaving its compliance perimeter, with the perpetual contract as the familiar shell.
- Adoption
Two Prime's bitcoin vault sells first loss, not yield
The Axiom WBTC Yield Vault opens with a $10 million first-loss slice, a $250,000 minimum and $104 million of wrapped-bitcoin capacity.
- Crypto ETFs & funds
Bitcoin ETFs shed $450m as the rulebook turns revocable
With market-structure legislation dead for the year, spot bitcoin funds now trade on agency discretion, and their flows track the Senate calendar.
- Tokenization
Arc is a distribution deal disguised as a blockchain
Circle's founding validators are the moat, and the 21-bank dollar stablecoin of 2027 is where the argument gets scored.
- Custody & Infrastructure
Deutsche Bank's crypto custody bet is the relationship, not the rails
A short debut asset list and a client-demand caveat mark a follower's strategy in European institutional custody — and a defensible one.
- Regulation
Clarity Act dies at cloture, and the rulebook moves to the agencies
The 49–50 Senate vote leaves market-structure definitions to the SEC and CFTC, where rules are cheaper to write and cheaper to rewrite.