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.
A cryptographic check released on 2 November shows the exchange held enough of ten big tokens to cover every customer's balance after the theft. The smaller tokens it is still buying back are not covered yet.
The company that holds $114trn of securities for America's markets now lets 20 banks and brokers turn some into tokens that can move around the clock. Only a few dozen securities qualify so far, and the cash side is still a plan.
The Treasury's anti-money-laundering bureau has withdrawn its 2020 plan to make banks and money transmitters report crypto transfers to unhosted wallets and its 2023 plan to treat international mixing as a primary money laundering concern, promising…
The Independent Community Bankers of America asked a Washington federal court on 2 October to vacate the OCC's March chartering rule and the 2021 letter behind it, which it says let the agency charter trust banks that neither take deposits nor act as…
A 760 page proposal of 1 October opens adviser and fund crypto custody to state trust companies and, as a fallback, to advisers themselves, and treats permitted payment stablecoins as funds.
UK crypto firms can apply for FCA authorisation from 30 September until 28 February 2027, ahead of the regime starting on 25 October 2027. An anti-money-laundering registration does not convert.
CSD BR said on 29 September that BTG Pactual fund shares it holds will be mirrored on the public XRP Ledger as tokens it can freeze and claw back, while its own systems stay the official record.
Bybit said on 28 September that eligible clients can pledge fund shares issued through Franklin Templeton's Benji platform, held off-exchange through ByCustody, for USDT or USDC trading credit.
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The exchange says its reserve ratio is above 100 per cent and every asset can be withdrawn.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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