Fed Moves to Tighten Stablecoin Rules With Two New GENIUS Act Proposals
Public comments on the Fed's two stablecoin proposals will remain open for 60 days after publication in the Federal Register.
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Paxos Labs Launches Gold Token That Can Earn A Return In Gold
Paxos Labs has launched PAXGy, a token backed by PAXG that can increase in value relative to gold over time. The underlying reserves are deployed to vetted institutional borrowers through the gold-leasing market. PAXGy is live across platforms including OKX,…
Swiss bank shields Bitget institutions while retail funds freeze
Sygnum offers bank-held trading collateral to institutional clients, while Bitget's withdrawal pause leaves ordinary balances dependent on its own controls and fund.
HIFI Raises $37M To Build Stablecoin And Tokenized Market Infrastructure
HIFI has raised a $37 million Series A led by Left Lane Capital. The company says the funding will expand stablecoin payments, cards and infrastructure for tokenized capital markets. HIFI says its platform currently processes more than $7 billion in…
Solana Foundation Hires Former Binance CMO For Institutional Push
The Solana Foundation has appointed former Binance global CMO Rachel Conlan as chief strategy officer. Former Polygon Labs executive Jamal Raees has joined as general manager of payments. The Foundation says the hires are aimed at accelerating institutional adoption and…
IBM links 17 banks to the SWIFT ledger, but the cloud risk persists
Digital Asset Haven’s ISO 20022 adapter supports tokenized-deposit instructions, while final settlement stays with existing systems.
The Clearing House Picks Quant For US Tokenized Deposit Network
The Clearing House has selected Quant to provide the interoperability and transaction-management layer for its On-Chain Money Initiative. The planned network will let financial institutions clear and settle tokenized deposits while connecting to existing RTP and CHIPS payment rails. Participating…
Pentagon Wins Major Court Battle Against Anthropic
A federal appeals court just handed the Pentagon a major win in its ongoing war with a leading AI company. The ruling could reshape who controls America’s military AI going forward. A three-judge panel sided 2-1 with the Defense Department,…
IBM Connects Banks To Swift’s Blockchain Ledger For Tokenized Deposits
IBM Digital Asset Haven can now connect financial institutions to Swift’s blockchain-based shared ledger through a beta integration. Banks can instruct tokenized-deposit transactions using existing ISO 20022 payment messages. Swift’s ledger is already being tested by 17 first-mover institutions, while…
Dormant whale moves $380M Bitcoin, leaving the sale question unanswered
The principal output dated to April 2022, and the Sept. 25 destination still held the full balance at the time checked.
Ondo Puts BlackRock-Designed Portfolios Into Single Onchain Tokens
Ondo has launched three tokenized portfolios based on investment strategies developed by BlackRock specifically for the platform. The products package baskets of tokenized assets into individual onchain tokens. BlackRock designed the model strategies, while Ondo Global Markets issues and operates…
U.S. SEC's steadiest crypto advocate, Hester Peirce, to depart next week
The long-anticipated exit of the commissioner sometimes known as Crypto Mom is Oct. 2, announced as the agency was sending out its latest crypto work.