https://cryptoeconomics.com/ News, data and analysis on tokenized assets, market design and digital economic systems. en © 2026 Cryptoeconomics Sat, 25 Jul 2026 09:00:00 GMT https://cryptoeconomics.com/news/kenya-vasp-regulations-2026-gazetted/ https://cryptoeconomics.com/news/kenya-vasp-regulations-2026-gazetted/ Sat, 25 Jul 2026 09:00:00 GMT Kenya gazetted the Virtual Asset Service Providers Regulations, 2026 on 24 July 2026, completing implementation of the VASP Act assented to in October 2025. The Central Bank of Kenya will supervise fiat conversion services and stablecoin issuers, while the Capital Markets Authority takes exchanges, token issuance platforms and tokenization. Regulation Africa & emerging markets Stablecoins & payments Kenya Law: Virtual Asset Service Providers Act, 2025 https://cryptoeconomics.com/news/mubadala-capital-kaio-tokenized-private-markets-fund/ https://cryptoeconomics.com/news/mubadala-capital-kaio-tokenized-private-markets-fund/ Sat, 25 Jul 2026 09:00:00 GMT Abu Dhabi's Mubadala Capital placed a $75m private markets strategy onchain through the KAIO platform on 23 July 2026, issuing on Solana, Sui and Base. Coinbase took exposure to the tokenized fund. Tokenized capital markets Institutions Mubadala Capital and KAIO press release (via Nasdaq) https://cryptoeconomics.com/news/bny-24-7-treasury-settlement-plan/ https://cryptoeconomics.com/news/bny-24-7-treasury-settlement-plan/ Sat, 25 Jul 2026 09:00:00 GMT BNY said in July 2026 that it plans to pilot tokenized US Treasuries on its private blockchain by the end of 2026 and offer round-the-clock settlement for both conventional and tokenized Treasuries in 2027. The bank clears an average of $24.3tn a day as a triparty repo agent and processes about $2.5tn of daily payments. Institutions Tokenized capital markets Stablecoins & payments BNY Newsroom: BNY Extends Digital Cash Capabilities for Institutional Clients https://cryptoeconomics.com/news/bank-of-china-mbridge-record-payments/ https://cryptoeconomics.com/news/bank-of-china-mbridge-record-payments/ Sat, 25 Jul 2026 09:00:00 GMT Bank of China settled the two largest transactions recorded on mBridge, the multi-central-bank digital currency platform, in June and July 2026. A CNY 11.3bn payment through its Shenzhen branch was followed by a HK$10bn payment through its Fujian branch, the first very large settlement on the platform denominated in a currency other than renminbi. Stablecoins & payments Institutions Bank for International Settlements: Project mBridge https://cryptoeconomics.com/news/franklin-templeton-benji-bnb-chain-largest-network/ https://cryptoeconomics.com/news/franklin-templeton-benji-bnb-chain-largest-network/ Sat, 25 Jul 2026 09:00:00 GMT Franklin Templeton's Benji tokenization platform held $2.44bn in assets as of 18 July 2026, of which $1.5bn, or 61.7%, sat on BNB Chain, overtaking Stellar. BNB Chain balances rose 1,226% over the preceding month. Tokenized capital markets Institutions Decentralised finance BNB Chain: Franklin Templeton's Benji Technology Platform Onboards BNB Chain https://cryptoeconomics.com/news/dtcc-tokenization-service-limited-production/ https://cryptoeconomics.com/news/dtcc-tokenization-service-limited-production/ Sat, 25 Jul 2026 09:00:00 GMT DTCC started limited production trading on its DTC Tokenization Service in July 2026, covering Russell 1000 constituent stocks, major ETFs and US Treasury securities. JPMorgan, BlackRock and Goldman Sachs are among more than 50 participating firms, with full commercial launch targeted for October 2026. Tokenized capital markets Institutions Market design DTCC https://cryptoeconomics.com/news/uk-wholesale-digital-markets-champion-first-report/ https://cryptoeconomics.com/news/uk-wholesale-digital-markets-champion-first-report/ Sat, 25 Jul 2026 09:00:00 GMT HM Treasury published the first report of its Wholesale Digital Markets Champion, Chris Woolard, on 13 July 2026. The report projects £33bn in annual economic benefit and £14bn in additional tax revenue by 2035 if the UK tokenizes wholesale market infrastructure. Regulation Tokenized capital markets Institutions GOV.UK: Wholesale Digital Markets Champion: First report https://cryptoeconomics.com/news/european-parliament-digital-euro-position/ https://cryptoeconomics.com/news/european-parliament-digital-euro-position/ Sat, 25 Jul 2026 09:00:00 GMT The European Parliament approved its position on the digital euro regulation on 9 July 2026, following a committee vote in June. Trilogue negotiations with the Council and Commission were expected to begin by the end of July, with the aim of concluding the file by the end of 2026. Regulation Stablecoins & payments Institutions Banca d'Italia https://cryptoeconomics.com/news/crypto-theft-losses-june-2026/ https://cryptoeconomics.com/news/crypto-theft-losses-june-2026/ Sat, 25 Jul 2026 09:00:00 GMT Security firm PeckShield reported $75.87m in losses from 40 crypto security incidents in June 2026, a decline of about 7% on the previous month, with an exploit of Humanity Protocol the largest single event. Trackers give materially different first-half totals, ranging from roughly $750m to $972m. Economic security Decentralised finance PeckShield https://cryptoeconomics.com/news/robinhood-chain-mainnet-tokenized-stocks/ https://cryptoeconomics.com/news/robinhood-chain-mainnet-tokenized-stocks/ Sat, 25 Jul 2026 09:00:00 GMT Robinhood began operating Robinhood Chain on mainnet on 1 July 2026, alongside round-the-clock tokenized stock trading, perpetual futures and onchain lending. The tokens give price exposure rather than direct share ownership. Tokenized capital markets Market design Decentralised finance Robinhood Newsroom https://cryptoeconomics.com/news/bis-annual-report-2026-stablecoin-assessment/ https://cryptoeconomics.com/news/bis-annual-report-2026-stablecoin-assessment/ Sat, 25 Jul 2026 09:00:00 GMT The Bank for International Settlements published the money and payments chapter of its 2026 Annual Economic Report on 23 June 2026, arguing that stablecoins fall short on singleness, elasticity and integrity of money. The chapter warns that dollar stablecoin adoption can accelerate dollarization and erode capital controls in emerging markets. Stablecoins & payments Regulation Africa & emerging markets Bank for International Settlements: Annual Economic Report 2026, Chapter III https://cryptoeconomics.com/news/boe-fca-systemic-stablecoin-draft-rules/ https://cryptoeconomics.com/news/boe-fca-systemic-stablecoin-draft-rules/ Sat, 25 Jul 2026 09:00:00 GMT On 22 June 2026 the Bank of England published a policy statement and draft Code of Practice for sterling systemic stablecoin issuers, dropping proposed individual holding limits in favour of a temporary £40bn cap per issuance. Issuers may hold up to 70% of backing assets in short-term UK government debt, with the remainder in unremunerated central bank deposits. Regulation Stablecoins & payments Institutions Bank of England https://cryptoeconomics.com/news/ethereum-glamsterdam-scope-locked/ https://cryptoeconomics.com/news/ethereum-glamsterdam-scope-locked/ Sat, 25 Jul 2026 09:00:00 GMT Ethereum client teams locked the devnet-0 specification for the Glamsterdam upgrade in June 2026, with enshrined proposer-builder separation (EIP-7732) and block-level access lists (EIP-7928) as the central changes. The bundle targets a 200 million gas limit floor, against roughly 60 million at present. Protocol economics Market design Governance ethereum.org: Glamsterdam roadmap https://cryptoeconomics.com/news/cftc-event-contracts-public-interest-rulemaking/ https://cryptoeconomics.com/news/cftc-event-contracts-public-interest-rulemaking/ Sat, 25 Jul 2026 09:00:00 GMT The Commodity Futures Trading Commission approved a notice of proposed rulemaking on prediction markets, published in the Federal Register on 12 June 2026, setting out when event contracts on enumerated activities are contrary to the public interest. The proposal follows an earlier prediction-markets notice published on 16 March 2026 and congressional pressure over sports contracts and insider trading. Prediction markets Regulation Market design Federal Register: Prediction Markets; Public Interest Determinations https://cryptoeconomics.com/news/imf-nigeria-2026-article-iv-stablecoins/ https://cryptoeconomics.com/news/imf-nigeria-2026-article-iv-stablecoins/ Sat, 25 Jul 2026 09:00:00 GMT The IMF Executive Board concluded its 2026 Article IV consultation with Nigeria on 9 June 2026 and identified stablecoin oversight as a priority. A follow-up IMF country note published on 16 June described stablecoins as a growing cross-border payment channel in Nigeria. Africa & emerging markets Regulation Stablecoins & payments International Monetary Fund https://cryptoeconomics.com/news/securitize-hamilton-lane-hlscope-tron/ https://cryptoeconomics.com/news/securitize-hamilton-lane-hlscope-tron/ Sat, 25 Jul 2026 09:00:00 GMT Securitize brought Hamilton Lane's tokenized Senior Credit Opportunities Fund to Tron on 2 June 2026, its first issuance on that network. The feeder fund held about $4.28m and advertised a 5.87% annual return, and was already available on Ethereum, Polygon, Plume and Optimism. Tokenized capital markets Decentralised finance Institutions Securitize https://cryptoeconomics.com/news/european-commission-mica-review-consultation/ https://cryptoeconomics.com/news/european-commission-mica-review-consultation/ Sat, 25 Jul 2026 09:00:00 GMT The European Commission opened a two-part consultation on revising the Markets in Crypto-Assets Regulation in May 2026, with responses due by 30 August 2026. The review's central question is how to treat stablecoins issued simultaneously inside and outside the EU under a single brand. Regulation Stablecoins & payments Market design European Commission: 2026 MiCA review targeted consultation document https://cryptoeconomics.com/news/senate-banking-clarity-act-market-structure/ https://cryptoeconomics.com/news/senate-banking-clarity-act-market-structure/ Sat, 25 Jul 2026 09:00:00 GMT The Senate Banking Committee released its version of the CLARITY Act on 11 May 2026 and advanced the crypto market structure bill out of committee that month. A further revision was reported in July 2026 as negotiators worked toward a bipartisan compromise. Regulation Market design Decentralised finance Congressional Research Service https://cryptoeconomics.com/news/solana-alpenglow-consensus-test-activation/ https://cryptoeconomics.com/news/solana-alpenglow-consensus-test-activation/ Sat, 25 Jul 2026 09:00:00 GMT Alpenglow, which replaces Solana's TowerBFT consensus with the Votor and Rotor components, activated on a community validator test cluster on 11 May 2026. The design targets finality of 100 to 150 milliseconds and removes on-chain vote transactions, which account for roughly three quarters of Solana transactions. Protocol economics Economic security Governance Solana Developer Forums: SIMD-0326: Proposal for the New Alpenglow Consensus Protocol https://cryptoeconomics.com/news/tokenized-gold-q1-2026-volume-record/ https://cryptoeconomics.com/news/tokenized-gold-q1-2026-volume-record/ Sat, 25 Jul 2026 09:00:00 GMT Trading volume in tokenized gold reached $90.7bn in the first quarter of 2026, exceeding the total for all of 2025, according to research published by CEX.IO. Tether Gold and Pax Gold account for most of the outstanding supply, whose combined market value passed $6bn in February 2026. Tokenized capital markets Decentralised finance CEX.IO research: Tokenized gold Q1 2026 report https://cryptoeconomics.com/news/mastercard-yellow-card-eemea-stablecoins/ https://cryptoeconomics.com/news/mastercard-yellow-card-eemea-stablecoins/ Sat, 25 Jul 2026 09:00:00 GMT Mastercard and the African digital-asset platform Yellow Card announced a partnership on 7 May 2026 to build stablecoin-based payment and settlement rails across Eastern Europe, the Middle East and Africa. The arrangement covers remittances, cross-border business payments and treasury operations in markets including Nigeria, Ghana, Kenya, South Africa and the United Arab Emirates. Africa & emerging markets Stablecoins & payments Institutions Mastercard newsroom (EEMEA) https://cryptoeconomics.com/news/state-street-luxembourg-tokenized-fund-servicing/ https://cryptoeconomics.com/news/state-street-luxembourg-tokenized-fund-servicing/ Sat, 25 Jul 2026 09:00:00 GMT State Street announced on 28 April 2026 that it would launch tokenized fund servicing from Luxembourg, initially for tokenized money market fund issuers, later in 2026. The custodian said it is building a single operating platform for tokenized and traditional funds rather than a separate system. Institutions Tokenized capital markets State Street investor relations press release, 28 April 2026 https://cryptoeconomics.com/news/ecb-macroprudential-bulletin-tokenised-bonds/ https://cryptoeconomics.com/news/ecb-macroprudential-bulletin-tokenised-bonds/ Sat, 25 Jul 2026 09:00:00 GMT The European Central Bank published a study of the tokenised bond market in Issue 33 of its Macroprudential Bulletin on 13 April 2026, comparing matched samples of tokenised and conventional European corporate bonds. It found tokenised issues reduced borrowing costs and improved secondary market liquidity, with no visible reduction in operational costs. Tokenized capital markets Regulation Market design ECB Macroprudential Bulletin Issue 33: Tokenised bonds: assessing efficiency and liquidity in a nascent market https://cryptoeconomics.com/news/hkma-first-stablecoin-issuer-licences/ https://cryptoeconomics.com/news/hkma-first-stablecoin-issuer-licences/ Sat, 25 Jul 2026 09:00:00 GMT The Hong Kong Monetary Authority granted its first stablecoin issuer licences on 10 April 2026 to HSBC and to Anchorpoint Financial, a joint venture led by Standard Chartered with Animoca Brands and HKT. The two licences were selected from 36 applications assessed under the Stablecoins Ordinance, which took effect in August 2025. Regulation Stablecoins & payments Institutions Hong Kong Monetary Authority press release, 10 April 2026 https://cryptoeconomics.com/news/ice-polymarket-investment-cftc-order/ https://cryptoeconomics.com/news/ice-polymarket-investment-cftc-order/ Sat, 25 Jul 2026 09:00:00 GMT Intercontinental Exchange announced an additional $600m investment in Polymarket on 27 March 2026, adding to its earlier stake in the prediction-market platform. Separately the Commodity Futures Trading Commission approved an amended order of designation allowing intermediated access to Polymarket's US market. Prediction markets Institutions Market design Intercontinental Exchange investor relations https://cryptoeconomics.com/news/imf-stablecoin-fx-spillovers-working-paper/ https://cryptoeconomics.com/news/imf-stablecoin-fx-spillovers-working-paper/ Sat, 25 Jul 2026 09:00:00 GMT An IMF working paper published on 27 March 2026 examined cross-border stablecoin flows and their effects on emerging-market foreign exchange rates. It found that dollar stablecoin inflows correspond to periods of currency pressure and can accelerate capital outflows during stress, and noted that cross-border stablecoin flows now exceed Bitcoin and Ether flows. Africa & emerging markets Stablecoins & payments Regulation IMF Working Paper 2026/056: Stablecoin inflows and spillovers to FX markets https://cryptoeconomics.com/news/sec-approves-nasdaq-tokenized-securities-trading/ https://cryptoeconomics.com/news/sec-approves-nasdaq-tokenized-securities-trading/ Sat, 25 Jul 2026 09:00:00 GMT The Securities and Exchange Commission approved a Nasdaq rule change on 18 March 2026 allowing certain tokenized securities to trade on the exchange, alongside an interpretation of how the federal securities laws apply to tokenized instruments. A related exemption for tokenized stocks that had been expected in May 2026 was not issued on that timetable. Regulation Tokenized capital markets Market design US Securities and Exchange Commission: self-regulatory organisation rulemaking https://cryptoeconomics.com/news/aave-cumulative-lending-volume-milestone/ https://cryptoeconomics.com/news/aave-cumulative-lending-volume-milestone/ Sat, 25 Jul 2026 09:00:00 GMT Aave reported cumulative lending volume above $1tn in late February 2026, the first decentralised credit protocol to reach that figure. The protocol attributed part of the growth to institutional participation, including its Horizon market for real-world asset collateral. Decentralised finance Institutions Protocol economics Aave: governance forum https://cryptoeconomics.com/news/occ-treasury-genius-act-proposed-rules/ https://cryptoeconomics.com/news/occ-treasury-genius-act-proposed-rules/ Sat, 25 Jul 2026 09:00:00 GMT The Office of the Comptroller of the Currency published a proposed rule on 25 February 2026 implementing the GENIUS Act, consolidating reserve, redemption, audit and supervision requirements for payment stablecoin issuers in a new 12 CFR Part 15. The Treasury followed in April 2026 with proposals on state regulatory regimes and on illicit-finance controls. Regulation Stablecoins & payments OCC Bulletin 2026-3 https://cryptoeconomics.com/news/tether-usat-us-launch/ https://cryptoeconomics.com/news/tether-usat-us-launch/ Sat, 25 Jul 2026 09:00:00 GMT Tether announced USAT on 27 January 2026, a dollar stablecoin issued in the United States by Anchorage Digital Bank under the GENIUS Act framework, with Cantor Fitzgerald as reserve custodian and preferred primary dealer. The token is separate from USDT, which continues to be issued offshore. Stablecoins & payments Regulation Institutions Tether: USAT announcement https://cryptoeconomics.com/news/jpmorgan-jpmd-canton-network/ https://cryptoeconomics.com/news/jpmorgan-jpmd-canton-network/ Sat, 25 Jul 2026 09:00:00 GMT JPMorgan said on 7 January 2026 that it would issue JPMD, its dollar deposit token, natively on the Canton Network, a privacy-oriented institutional blockchain. The move extends the bank's Kinexys platform beyond its own permissioned ledger and Base to a network used for tokenized collateral and fund settlement. Institutions Stablecoins & payments Tokenized capital markets J.P. Morgan: Kinexys newsroom https://cryptoeconomics.com/news/uniswap-fee-switch-activation/ https://cryptoeconomics.com/news/uniswap-fee-switch-activation/ Sat, 25 Jul 2026 09:00:00 GMT Uniswap governance activated the protocol fee switch on Ethereum on 28 December 2025, redirecting a share of swap fees to protocol revenue used for UNI buybacks and burns, and extended it to layer-2 deployments in March and June 2026. Cumulative protocol revenue reached about $23.15m by late June 2026. Governance Protocol economics Decentralised finance Uniswap governance forum