Visa stablecoin monetization spans card network fees, payment orchestration and issuance infrastructure. With settlement surpassing a $25 billion annualized run rate, we examine where Visa already earns revenue, where new fee pools could emerge, and what remains undisclosed.
How crypto vaults are evolving from DeFi lending pools into capital allocation and securities financing infrastructure—and what institutions need next.
The Clearing House and Quant are bringing tokenized-deposit interoperability to America's $2 trillion-a-day wholesale payment infrastructure. We examine CHIPS's 26:1 liquidity efficiency, Swift's global connectivity advantage and why Fnality's common settlement asset could reshape institutional payments, securities settlement and collateral mobility.
ECB Executive Board Member Piero Cipollone laid out the vision for a tokenzied future for the bloc in a recent speech titled Building the Rails for Europe’s Tokenised Financial Markets. Key takeaways:
Stablecoins Are the Story. Trading Is the Money. Kalshi, one of the two main prediction markets, has reportedly raised $1B+ at a $22B valuation, doubling from $11B just months ago. Backed by Paradigm, Sequoia, a16z, ARK, and now Coatue.
SEC has approved Nasdaq's request to settle Russel 1000, S&P 500 and Nasdaq 100 ETFs in tokenized forms. But this is NOT a disruptive leap toward on-chain markets. This is tokenization without disruption:
S&P Dow Jones Indices said it has licensed the S&P 500 index to Trade[XYZ], a crypto startup that has created some of the most popular perpetual futures contracts on Hyperliquid.
The Commodity Futures Trading Commission has issued a no-action letter to Phantom, allowing it to provide software that connects users to registered derivatives platforms without registering as a futures commission merchant. In effect, Phantom can act as a non-custodial access layer to regulated futures markets.
Mastercard is acquiring BVNK, a stablecoin infrastructure startup, for up to $1.8 billion, stepping deeper into stablecoin-powered payments just months after BVNK’s ~$2B deal with Coinbase fell through.
HSBC Holdings Plc and Standard Chartered Plc are set to become among the first licensed stablecoin issuers in Hong Kong, giving two of the city’s note-issuing banks a central role in the government’s push to position itself as a global digital-asset hub
Sarah Breeden, Deputy Governor at the Bank of England, signalled that U.K. regulators may reconsider their relatively strict limits on stablecoin holdings, following pushback from the digital asset industry.
