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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…

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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…

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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…

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New York Sues Polymarket Over Alleged Illegal Gambling Operation

New York Attorney General Letitia James and Governor Kathy Hochul have announced a lawsuit against Polymarket US. The state alleges the prediction platform is operating illegal, unlicensed gambling in New York. The lawsuit seeks to stop the activity and asks…

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ARK Brings $1.3B Venture Fund Onchain Through Securitize

ARK Invest is tokenizing its ARK Venture Fund through Securitize. The fund has roughly $1.3 billion in assets and invests across private and public technology companies including OpenAI, Anthropic, Stripe and Databricks. The move tokenizes ownership and administration of the…

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Fed Proposes Full Reserve And Capital Rules For US Stablecoin Issuers

The Federal Reserve has proposed two new rulemaking packages for payment stablecoin issuers under the GENIUS Act. Board-supervised issuers would have to fully back tokens with permitted reserve assets and meet standardized capital and risk-management requirements. The proposals are not…

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Bitcoin Falls Back Below $85K As Treasury Yields Jump Above 5%

TL;DR Bitcoin fell below $85,000 after stronger U.S. business data pushed Treasury yields higher. S&P Global’s flash U.S. Composite PMI rose to 58.4 in September, the strongest reading since July 2021. The move shows how quickly Bitcoin’s recent rebound can…

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Circle Mints 250M USDC On Solana In Fresh Treasury Issuance

TL;DR An onchain transaction shows 250 million USDC minted on Solana by the stablecoin’s authorized minting infrastructure. The mint created new USDC supply but does not by itself prove that a buyer purchased the entire amount. The transaction adds another…

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Hut 8 Wins $140M Bid For Poolin’s Texas Data Centers

TL;DR Hut 8 has been named the winning bidder for two Poolin data-center sites in Texas with a $140 million offer. The bid is nearly three times the combined $52 million stalking-horse offer that opened the auction process. The transaction…

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Senate Democrats Demand Public Hearing On Prediction Markets

TL;DR All 11 Democrats on the U.S. Senate Banking Committee have called for a public hearing on prediction markets. The request followed a private meeting between Republican committee members and Kalshi CEO Tarek Mansour. The lawmakers say securities-linked prediction products…