News, data and analysis on tokenized assets, market design and digital economic systems.
Who holds the asset and who keeps the register: custody permissions, transfer agency, fund administration and the servicing stack a tokenized asset needs.
Three CFTC divisions added four answers to their crypto FAQ on 24 September.
The exchange says its reserve ratio is above 100 per cent and every asset can be withdrawn.
The BlackRock HKD Digital Liquidity Fund is authorised in Hong Kong as the first locally domiciled money market fund offering a constant net asset value to retail investors, and can be bought with tokenized deposits or HKDAP.
The company behind Square and Cash App filed to charter Builders Bank and Trust, an uninsured national trust bank in Sioux Falls that would custody bitcoin, execute customer orders and settle stablecoins.
The bank extended institutional deliverable spot trading in bitcoin and ether to clients of its Dubai International Financial Centre entity, routed through the same electronic channels its clients use for foreign exchange, and lets them settle with a…
ICE will invest in tZERO, take a licence to its 103 blockchain patents and consult it on the standards for digital transfer agents on the planned Digital Trading Platform, the day before the SEC proposed letting a transfer agent keep the master file…
A proposal to rewrite how advisers and funds may hold client assets, crypto included, is at the proposed-rule stage with a notice targeted for October, three years after the last attempt was withdrawn.
The Division of Investment Management said on 12 August that it would not recommend enforcement action if Franklin Templeton's registered funds put cash and securities lending collateral into its blockchain-recorded government money fund.
The largest tokenization platform filed its first quarterly results as a public company on 12 August.
BSTBL puts an existing Treasury fund's shares on Ethereum through BNY; BRSRV is a new multi-chain vehicle with Securitize—both shaped to sit inside GENIUS Act reserve rules.
The NYDFS has granted Circle Internet Trust Company a limited purpose trust charter, putting the USDC issuer under the New York Banking Law a decade after it took the first BitLicense.
Coinkite warned that Coldcard devices generated seeds with too little entropy; within a day, onchain observers were attributing the draining of hundreds of bitcoin to keys an attacker could simply recompute.
The servicer of $8.6tn in fund assets will keep books and records on blockchain rails, take subscriptions in stablecoins and mint fund tokens directly, starting with a digitally native Dreyfus money market fund.
The Central Bank of Ireland has approved a tokenized share class of Aviva Investors' US Dollar Liquidity Fund, issued on the XRP Ledger with Ripple, Komainu and Licuido—which Aviva calls a regulatory first for tokenized fund structures.
The platform that issues BlackRock's BUIDL fund has registered Securitize Capital as an investment adviser, completing a set of licences that now runs from broker-dealer and trading venue to transfer agent, fund administrator and adviser.
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.
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.
Securitize brought Hamilton Lane's tokenized Senior Credit Opportunities Fund to Tron on 2 June 2026, its first issuance on that network.
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.
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.
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