Digital Assets archive
Every Digital Assets story, newest first. 479 stories
16 stories
- Custody & Infrastructure
Catena's trust charter is a perimeter in waiting
A conditional federal trust charter covering fiat, securities and digital assets gives acquirers one more licensed destination — if Catena can fund it.
- Tokenization
The SEC built a venue rule. Tokenized stocks still have no buyers.
TD Cowen expects limited adoption of tokenized U.S. equities, and the five-year permit it doubts may matter more as market-structure relief than as a stock market.
- The Wrap
Kalshi's ether perp tape is a policy artifact
A single repeating trade size in Kalshi's own API shows what happens when a venue's incentive budget, not organic demand, writes the volume print.
- Regulation
Fairshake puts $30 million behind the Senate Banking gavel
The industry's biggest 2026 political commitment lands after the CLARITY Act failed, and it is aimed at the committee rather than the bill.
- Adoption
Strategy's bitcoin buys are capped by its preferred dividend load
The $76 million bitcoin buy is what the preferred dividend and the stock price leave over, making the corporate-treasury bid a financing output rather than a price call.
- Tokenization
The ECB moves to the buy side of tokenized bonds
Europe's central bank intends to hold and manage tokenized paper out of reserves, turning its settlement platform into a market with an anchor buyer.
- Regulation
Clarity's defeat hands banks the deposit fight and Dubai a year
With the statute dead at 49-50, the SEC and CFTC write the interim rulebook, and the reward provision that killed the bill has to be traded away before the next one moves.
- Adoption
Bitmine's 5% ether target is a scoreboard, not a strategy
The economics sit in a $357 million staking projection, while Tom Lee's underweight thesis faces a fourth-quarter deadline the company does not control.
- Regulation
Bessent's dollar case runs through the stablecoin rulebook
Treasury is citing dollar-pegged stablecoins as evidence of the greenback's staying power, a claim that now rests on reserve rules and licenses Washington does not issue alone.
- Adoption
Google is staffing the rails; Apple is staffing the wallet
Neither posting confirms a crypto product, but the one that names stablecoin infrastructure and tokenized deposits is attached to a live ledger program, and that is the adoption news.
- Adoption
Strategy's bitcoin buys are now the residual of its preferred stack
Last week's filing sent $174 million to STRC repurchases and $75.7 million to bitcoin, and that ordering decides how much coin the corporate treasury category actually gets.
- Tokenization
Pontes puts central-bank money in the cash leg of tokenized trades
The wholesale platform gives European banks a central-bank-money route to settle tokenized bond and fund trades, well ahead of a retail digital euro still waiting on legislation.
- The Wrap
Hana's $100 million digital bond skips Korea's tokenization queue
Same-day settlement through Euroclear on existing shelf documents shows the clearing rail, not the token, is the product.
- The Wrap
Crypto's rulebook now runs on what venues choose to disclose
A ten-day review clock and an undisclosed filing at OMB leave the definition of a venue's headline volume number to the venue itself.
- Tokenization
Hana's digital bond routes around Korea's tokenization deadline
The $100 million issuance settled same-day through Euroclear's ledger on Hana's existing shelf documentation, evidence that Korean banks can tokenize cross-border funding without waiting for Seoul's 2027 framework.
- Regulation
Kalshi's crypto volume fight is a disclosure fight
The exchange says its headline number follows an industry convention, and no rule requires a venue to say so in a filing.
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.