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Agora moves closer to U.S. national trust bank after OCC approval

Agora has secured preliminary conditional approval from the U.S. Office of the Comptroller of the Currency to establish Agora National Trust Bank, bringing the stablecoin company a step closer to operating its issuance, custody and transaction infrastructure under federal supervision.…

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New York Life Takes High-Yield Bond Strategy Onchain With Centrifuge

TL;DR New York Life Investment Management is working with Centrifuge to tokenize a US high-yield corporate bond strategy. The product is being built on Avalanche with USDC subscriptions and redemptions. Access is restricted to qualified institutional buyers. New York Life…

crypto.news

South Korea to test CBDC backed deposit tokens for government expenses

South Korea has approved a pilot that will let public officials pay government operating expenses with blockchain based deposit tokens instead of physical government cards. According to The Chosun Daily, the Ministry of Science and ICT approved the project during…

crypto.news

Cardano integrates x402 to bring ADA payments to AI agents

Cardano has gained support in the x402 software stack, allowing developers to build applications and AI agents that can pay for online services using ADA and Cardano native tokens. According to documentation from the Cardano Foundation’s x402 implementation, developers now…