Digital Assets archive
Every Digital Assets story, newest first. 479 stories
4 stories
- Adoption
Strategy restarts bitcoin buying with a two-sided balance sheet
A $369.7 million purchase, funded by stock sales and paired with preferred buybacks, shows the board's capital framework working as designed.
- Crypto ETFs & funds
CME's ex-BTC index is a bridge to the altcoin ETP wave
The emerging index's 10% inception cap turns pending listing-standard compliance into a product roadmap.
- The Wrap
Tokenization's real fight is collateral, not issuance
Stellar's $3 billion RWA stack backs only $2 million in loans; Bullish's $100 million GPU facility is a bet that stablecoin capital can learn to lend.
- Adoption
Stablecoin adoption is splitting into two very different markets
The GENIUS Act made the plumbing legal; now the hard problem is the last mile in local currency.
9 stories
- Adoption
Visa's second Korean stablecoin deal puts it inside Upbit
The Dunamu partnership hands Visa the exchange rails to match Shinhan's bank rails, and tests whether the revenue split is simple enough for merchants to care.
- The Wrap
Tokenization stops wrapping and starts working
Bitwise's self-custodied stocks, Ethena's equity-perp dollar, and EDX's yield-bearing collateral show the tokenized product layer earning its keep.
- Adoption
Bullish backs GPU loans with $100M stablecoin facility
A $100 million commitment tests whether SPV-wrapped GPUs can turn stablecoin capital into equipment-finance credit.
- Tokenization
Stellar's $3 billion RWA stack outruns its DeFi collateral engine
A $2 million RWA-backed lending pool shows why tokenization's next fight is over collateral, not issuance.
- Adoption
Circle adds USDC, EURC to Plasma as CCTP spreads
The Plasma launch gives USDC a 37th native chain, though the more consequential number is the 28 chains CCTP now connects.
- Crypto ETFs & funds
Staking yield takes Bitwise's Solana ETF to $1 billion
Bitwise's staking wrapper crosses $1 billion in net assets and holds nearly 79% of cumulative flows across six Solana ETPs, setting the category's benchmark.
- The Wrap
Ethena bets the dollar on equity perp funding
The $4.1 billion synthetic dollar is becoming a stock-market carry trade.
- The Wrap
CIMB Settles a Sukuk on Its Own Rail
The Malaysian pilot closes the delivery-versus-payment loop that earlier bank tokenization tests left to legacy settlement.
- Adoption
Bridge bets on tokenized local currencies beyond the dollar
The Stripe-owned stablecoin firm says the next wave of growth lies in tokenized euros, pesos, and pounds — but the yield story runs straight back to U.S. Treasuries.
3 stories
- Regulation
Cboe BZX caps the spread on crypto ETP market-maker quotes
The immediate-effectiveness filing turns a two-sided quoting obligation into a measurable spread standard; the width BZX chose decides how much it binds.
- Tokenization
CIMB settles tokenized sukuk with tokenized deposits
A Malaysian pilot pairs tokenized securities with tokenized deposits, testing the settlement model bank-owned rails are betting on.
- The Wrap
Stablecoin winners will own distribution, not issuance
Revolut puts Bridge's license in front of 75 million customers while EDX prices yield-bearing collateral and Visa wires the rails.
3 stories
- Tokenization
Visa joins BLOOM, signs Shinhan to stablecoin rails
The card network is positioning itself as the settlement switchboard for regulated stablecoins in Singapore and Korea.
- Tokenization
39 state banking groups formalize a bank-owned settlement rail
The alliance wants community and regional banks to own the tokenized settlement network they rely on; the ownership terms are still unpriced.
- Tokenization
Revolut’s euro stablecoin is a distribution deal
Bridge holds the license and the reserves; Revolut's 75 million customers are the real product.
6 stories
- Tokenization
EDX Markets adopts Figure YLDS as collateral and treasury
The exchange's yield-bearing digital security turns idle margin into an earning asset and pressures zero-yield stablecoin collateral.
- Tokenization
Bitwise puts Coinbase tokenized stocks into self-custodied portfolios
Automated Token Portfolios put the model in Glider's hands and the token in the investor's wallet, leaving Coinbase's ADGM-licensed issuer as the anchor.
- The Wrap
Term Finance shuts Meta Vaults after governance exploit
Term Labs has permanently closed its Meta Vaults after a governance exploit PeckShield estimated at $8.5 million, and depositor recovery remains unresolved.
- The Wrap
LayerZero gets paid for volume it never routes
ATLAS, the protocol's exchange engine, ships with no frontend and burns 75% of residual fees, a bid to capture value from venues that would never build on a competitor's rails.
- The Wrap
Pendle's oracle worked; the market design didn't
A $36 million liquidation on Morpho exposes the flaw in pricing a $67.5 million collateral book off an $8.97 million pool.
- The Wrap
Grayscale's Zcash ETF filing dares the SEC to set a privacy-coin perimeter
Converting the Zcash Trust into an NYSE fund asks the agency to say whether a transaction-hiding token belongs inside the most tightly surveilled wrapper in regulated markets.
3 stories
- Crypto ETFs & funds
Grayscale's Zcash ETF filing puts privacy coin in surveillance wrapper
The conversion of the Zcash Trust into an NYSE fund forces the SEC to decide whether a token built to hide transactions can survive contact with a regulated product.
- The Wrap
Arc’s mainnet launch tests settlement, not scale
Eleven bank validators and half a billion test transactions have not answered whether a permissioned chain can settle without central-bank money.
- The Wrap
Senate math, not mainnet code, gates tokenized rails
The CLARITY Act's Sept. 15 cloture vote will determine what Circle's Arc mainnet becomes when it opens Sept. 16, and settlement finality remains the weak point on every permissioned rail.
7 stories
- Regulation
CLARITY Act gets a date; 60 votes remain the real test
The Sept. 15 cloture vote will show whether the White House push and the SEC's token proposal moved Senate math, not just token prices.
- The Wrap
Metaplanet, Strategy turn bitcoin into collateral
A $134.6M reverse merger and a $4.8B war chest mark the shift from bitcoin accumulation to bitcoin collateral.
- The Wrap
Tokenized settlement is becoming a bank consortium, not a public chain
Circle's Arc, BIS's Agorá, and JPMorgan's euro rail put permissioned chains and bank validators at the center. MANTRA's outage is why.
- Tokenization
Circle sets Sept. 16 target for Arc's public mainnet launch
Circle targets Sept. 16 to open Arc's production blockchain to any user; eleven founding institutions will still control block production. Half a billion test transactions measure capacity, not trust.
- Tokenization
MANTRA halt freezes tokenized settlement as token slides
The outage on a chain carrying Securitize's validator seat shows settlement risk is still the weak point in the tokenization story.
- The Wrap
HSBC and Standard Chartered settle tokenized deposits the old way
The first live transfer on Swift's ledger netted obligations but left final settlement on legacy systems.
- Regulation
A prediction-market fight nears the Supreme Court
A circuit split over who polices event contracts could put the question before the justices by June.
3 stories
- The Wrap
The rulebook is being written in Abu Dhabi, Paris, and Hong Kong
While Washington debates definitions, banks and exchanges are locking in licenses that decide where institutional digital assets operate.
- Tokenization
HSBC and Standard Chartered complete first live tokenized-deposit transfer on Swift ledger
Swift's ledger matched and netted the banks' obligations; final settlement still ran on existing systems.
- The Wrap
OCC trust charter queue splits between World Liberty and Zerohash
A conditional approval and a materially deficient return show a selective gate now reaching derivatives venues.
2 stories
- Regulation
White House backs CFTC move to onshore Hyperliquid
A compliant US path for Hyperliquid would fold the venue into the CFTC's rulebook and hand the exchanges that lobbied against it a defeat.
- Regulation
OCC grants Trump-linked World Liberty a conditional trust charter
The preliminary approval puts a Trump-linked stablecoin issuer on a regulated fiduciary path, but final sign-off still depends on preopening requirements.