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Digital Capital Daily

from Private Wealth Daily

The edition as it went to readers: 5 stories.

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The lead

Perpetuals.com files to run tokenized US stock venue under SEC exemption

The Nasdaq-listed fintech, led by former FTX Europe chief Patrick Gruhn, is the second firm to seek the SEC's innovation-exemption route for tokenized U.S. equities.

Crypto ETFs & funds

Federated Hermes plans first tokenized fund shares through Prometheum

The $911 billion manager says money market funds are a likely starting point and has not named the funds or blockchains.

The Wrap

BNY and Citadel Securities Complete Tokenized Treasury Collateral Transaction

BNY said it expects to extend settlement hours for Federal Reserve-eligible securities and U.S. triparty transactions to European and Asian hours next year.

Regulation

Payward to buy Lithuania's Saldo Bank for EU banking license

The Kraken parent would use the license to offer interest-bearing deposits, loans, cards and euro payments.

Adoption

Evernorth taps Ripple, Kraken, Coinbase and BitGo for $648M XRP treasury

The Nasdaq-listed company says it is planning a phased move into XRP lending and yield strategies.

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