The new Trump administration’s crypto- and digital asset train is moving full speed ahead to help Trump deliver on a campaign promise to make the USA the “crypto capital of the planet.” The impact on the securities industry and operations could be profound as the Trump team wants to fast-track innovation, new rules, guardrails, and… Read More >>
Singapore Bank Scores a First via Tokenized Bonds
A bank in Singapore, OCBC, has scored a first with the launch of bespoke tokenized bonds to corporate accredited investors, a major step forward for Singapore’s efforts to promote the usage of tokenized assets. “The tokenized bonds, which reference investment grade bonds, are structured based on the client’s desired tenor and yield. They are then… Read More >>
Is the SEC at a Digital Assets Crossroads?
(SEC Chair Gary Gensler will be stepping down from the top spot for the U.S. regulator on January 20, 2025, which means the new Trump administration will be looking for a replacement. Trump is likely to name a chairperson who has a more favorable stance toward digital assets and would be far less aggressive than… Read More >>
Paxos Launches U.S. Dollar Stablecoin: ‘Global Dollar’
Blockchain platform provider Paxos has introduced a U.S. dollar-backed stablecoin, Global Dollar (USDG), that will comply with the upcoming stablecoin framework from the Monetary Authority of Singapore (MAS), Singapore’s central bank and integrated financial regulator. Paxos Digital Singapore Pte. Ltd. is the issuer of USDG and is regulated by MAS officials. “Paxos’s affiliate, Paxos Global… Read More >>
State Street & Taurus to Build Digital Custody Services
State Street Corp. is bolstering its digital asset solutions business via an agreement with Taurus SA, a digital asset infrastructure provider, in response to institutional interest in digital assets that’s “at an all-time high,” according to the Boston-based custodian bank. The collaboration will add tokenization and digital custody services support to the custodian’s currently available… Read More >>
DTCC & Chainlink Explore Mutual Fund Tokenization
The DTCC and Chainlink have been busy with something they are calling the “Smart NAV pilot,” which was an attempt to apply the digital asset capabilities of both organizations to mutual fund tokenization. (NAV is “net asset value,” or an investment firm’s total assets once all liabilities have been subtracted.) In mid-May, both players went… Read More >>
Ops FMIs Propose Blueprint to Safeguard Digital Assets
DTCC, Clearstream, and Euroclear in conjunction with Boston Consulting Group (BCG) are launching “a comprehensive risk and control framework” for the digital assets industry, including tokenized assets, and the trio asserts the timing is right for such a blueprint. The blueprint, dubbed the Digital Asset Security Control Principles (DASCP) framework, is detailed in a white… Read More >>
FlexTrade Offers Direct Link to Coinbase Prime
FlexTrade Systems, a maker of multi-asset execution and order management systems, is now able to offer a direct integration with Coinbase Prime, an institutional prime broker platform for digital and crypto assets, officials say. Coinbase Prime offers its institutional prime brokerage for crypto assets whose integrated platform supports the entire transaction lifecycle, officials say. Coinbase… Read More >>
FinTech Brief: Tokenbridge Offers Tokens for KYC
A tokenization platform provider, Tokenbridge will be using blockchain technology to improve know your customer (KYC) and identification processes for a financial services data business known as the Tracing Group (TTG), officials say. The “hyper-personalized tokens create infallible, verifiable and re-usable records of personal details,” according to Tokenbridge, based in Gamlingay, Sandy, in the United… Read More >>
DTCC Embraces Digital Asset Ops via Securrency Acquisition
Post-trade infrastructure provider DTCC is acquiring a tokenization infrastructure company Securrency Inc., led by CEO Nadine Chakar, creating a bridge to the “acceptance and adoption of digital assets” in securities operations, DTCC officials say. After the acquisition is finalized, Securrency, whose offerings include its Capital Markets Platform, Compliance Aware Token Framework, and Digital Asset Composer,… Read More >>
