CFTC staff let futures brokers put customer money in tokenized Treasuries and funds, but still not in stablecoins
Three CFTC divisions added four answers to their crypto FAQ on 24 September.
News, data and analysis on tokenized assets, market design and digital economic systems.
The distance between a trade and a transfer of title: delivery versus payment, finality, atomicity and the settlement systems being rebuilt.
Three CFTC divisions added four answers to their crypto FAQ on 24 September.
UK Finance said on 24 September that the Great British Tokenised Deposit pilots had completed their first live customer transactions: two remortgage completions in which funds were locked and then released automatically, and one consumer marketplace…
SoFi Bank says settlement of its debit and credit card transactions across Mastercard's network now runs in SoFiUSD, on a programme it puts at $25bn of annualised volume.

Pontes went live on 21 September, linking market ledger platforms to TARGET Services so that the cash leg of a tokenized trade settles in central bank money. Thirteen market participants, four ledger operators and the Bundesbank have onboarded.
Arc goes live with gas payable in USDC and no native token required, and Circle has minted the full 10bn supply of one anyway.
London clears most of the world's spot gold, and the regulator wants to know whether tokenizing it would help.
Three issuers have raised Rs 1,025 crore, about $107m, in bonds issued as native tokens on a ledger owned by India's depositories, with the cash leg settled in wholesale CBDC. SEBI claims a world first and the claim is narrowly drawn.
DBS, OCBC and UOB moved Singapore dollars between each other as tokenized deposits, which is the first time a domestic interbank market has done it.
SIX and TWINT joined UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, BCV and Swiss Stablecoin AG in a live sandbox for CHFD, a franc token running since June.
The two banks executed what they call the first successful weekend United States dollar payment between Singapore and New York using tokenized deposits over the Swift Digital Ledger, on Saturday 5 September 2026, settling in minutes against an…
Cari, the shared tokenized deposit network built with six US regional banks, raises $32.5m entirely from banks. Its whole argument is that the token stays a bank liability inside deposit insurance rather than becoming a claim on a reserve pool.
Distributed Ledger Repo will take G7 government securities alongside US Treasuries. August volume was $7.4tn at $351bn a day, the lowest daily average in the five months this desk has recorded from the company's own releases.

A 421-page rewrite of rules untouched since the early 1980s would permit a transfer agent to keep its master securityholder file on a distributed ledger, and would start counting the issues where one does.
The Eurosystem published the 61 members of the Appia contact group, the forum that will advise it on settling tokenized assets in central bank money.
Standard Chartered and HSBC say they have executed the first live tokenized deposit transaction on Swift's blockchain-based ledger, issuing, transferring, recording and settling between two banks' own platforms.

Africa Finance Corporation raised CHF 350m of five-year paper on 12 August, listed on SIX Swiss Exchange and deposited with SIX Digital Exchange under its existing $5bn note programme. About 90 per cent of demand was Swiss domestic.
Distributed Ledger Repo moved an average of $365bn of repurchase agreements a day against tokenized collateral, which Broadridge reports as a 28 per cent rise year on year.
Eleven institutions will secure the stablecoin issuer's own layer-one network before its 16 September mainnet, and the DTCC will make Arc a supported chain for tokenizing the assets it custodies from the second half of 2027.

The fourth-largest US bank says corporate and commercial clients will move, program and settle funds around the clock on its own blockchain, starting with a limited dollar to pound exchange and widening through 2027.

The BIS says twenty-eight institutions and central banks moved around CHF800,000 of live tokenized deposits across borders, the first time the project has put real value at stake.

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.
DTCC started limited production trading on its DTC Tokenization Service in July 2026, covering Russell 1000 constituent stocks, major ETFs and US Treasury securities.
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.
Legal designation and a cash leg that was already someone's liability separate the wholesale settlement systems now carrying volume from the multi-jurisdiction platforms that handed themselves over or stayed prototypes.
What issued, what settled, what the supervisors changed, with the numbers behind it and a note on what the numbers do not show. One email, Thursday mornings.
Unsubscribe in one click.