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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

HSBC names its Hong Kong dollar stablecoin RedCoin for 2026 rollout

The Defiant reports the token is planned for the second half of 2026, initially on PayMe and the HSBC HK Mobile App.

Crypto ETFs & funds

HANetf lists sterling- and euro-hedged bitcoin ETCs with HSBC as hedge counterparty

The Arrow products list in London, Frankfurt and Paris, and HANetf calls them the first currency-hedged crypto ETCs.

Regulation

Kalshi files to end volume incentive program tied to its ether perpetual tape

The reward pools exclude members with market-maker agreements, and Kalshi cited separate liquidity payments for the repeated same-size ether perpetual prints.

Adoption

Morgan Stanley builds internal lab to test stablecoins and DeFi

The Defiant reports the testing runs through the bank's innovation-lab network; E*Trade's eligible clients already trade spot crypto through Zero Hash.

The Wrap

Blockchain.com seeks $500 million IPO at $4 billion to $6 billion valuation

The London-headquartered exchange, wallet and lending company aims to be public by the end of the year, Bloomberg reported.

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