top of page

MARKET INTELLIGENCE
Explore institutional digital-asset intelligence.
Access open research, Strategic Edge member analysis and institutional reports across the asset, cash and infrastructure layers of tokenized finance.
01 / INTELLIGENCE PRODUCTS
Choose the depth your decisions require.
02 / FEATURED
Intelligence for institutional decision-makers.
Coverage spans the asset, cash and infrastructure layers of tokenized finance.


Tokenized Collateral: From Mobility to Usability
Tokenized assets can move around the clock. This Strategic Edge analysis examines what must happen before that mobility becomes usable institutional collateral.
11 min read


Visa Stablecoin Monetization Flywheel: How $25B in Settlement and 5M Cards Drive Revenue
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.
10 min read


Onchain Vaults: Connecting Tokenized Assets with Securities Financing
How crypto vaults are evolving from DeFi lending pools into capital allocation and securities financing infrastructure—and what institutions need next.
11 min read
03 / TOPIC HUB
Follow the institutional market by theme.
01
02
03
04


Standard Chartered: 24/7 Tokenized Deposits and Cross-Bank Settlement
Standard Chartered’s Hong Kong tokenized deposit service and HKMA’s EnsembleTX upgrade connect 24/7 interbank settlement with corporate treasury and tokenized investments.
1 min read


Uber, HSBC and Franklin Templeton: Weekend Cash Management with Tokenized Deposits and MMFs
Uber tested weekend investment in a Franklin Templeton tokenized money market fund using HSBC tokenized deposits. Could 1.5 extra days of yield cover Sunday redemption liquidity costs?
2 min read


Tokenized Deposit Interoperability: The $2 Trillion Interbank Settlement Challenge
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.
6 min read


OCC’s Final GENIUS Act Framework: Stablecoin Yield Banned But Rewards Allowed
The OCC has removed its proposed third-party yield presumption, not the issuer yield ban. We examine what that means for rewards, revenue sharing and competition from tokenized bank deposits.
1 min read


Tokenized Collateral: The Funding Layer Unlocking 24/7 Corporate Payments Liquidity
How tokenized Treasuries and MMFs could fund 24/7 corporate payments AND why settlement timing and revenue capture determine the economics.
9 min read


JPMorgan Brings Deposit Token JPM Coin to Ethereum
JPMorgan is bringing JPM Coin to Ethereum, positioning tokenized commercial bank deposits to compete with stablecoins for institutional liquidity. As banks expand across public blockchains, a critical question emerges: Will institutions prioritise the moneyness of commercial bank deposits or the distribution and interoperability of stablecoins?
2 min read


Stablecoins and Corporate Treasury: The $50M Liquidity Test
Stablecoins can move £50 million across borders in seconds, but that doesn't guarantee usable liquidity in a corporate bank account. Our £50M Treasury Test examines how stablecoins, tokenized deposits, Mastercard Move, Swift and Fnality address the gap between 24/7 settlement and fiat availability, who bears the liquidity costs, and where the commercial value lies.
22 min read


HSBC's Largest Digital Bond Issuance: One Transaction, Multiple Layers of Interoperability
Hong Kong’s HK$20 billion digital green bond offering on HSBC Orion reveals what scaling tokenised capital markets requires: bank money that works across institutions, dependable interbank settlement and payment linked to bond delivery. We unpack the infrastructure and what remains before it can operate around the clock.
8 min read


ANZ, BHP, Citi and Swift Complete Corporate Treasury Payment Using Tokenized Deposits
ANZ, BHP, Citi and Swift have demonstrated how tokenized commercial bank deposits can support live, 24/7 cross-border corporate treasury payments.
2 min read


Tokenized Payments Are Becoming Enterprise Software: Who Wins the Infrastructure Market
Tokenized payments are becoming enterprise software. Where can infrastructure providers build scale and capture market share—and what will customers pay for? This Strategic Edge examines how interoperability, integration and distribution shape competition, and how providers can translate connectivity into payment, liquidity and treasury products that meet customer demand.
9 min read


Citi Expands Citi Token Services to Japan and UAE
Citi today expanded Citi Token Services into Japan and the UAE, extending its tokenized deposit capabilities across its global institutional banking network. Japan will support USD transactions, while the UAE will support both USD and EUR...
2 min read


UBS and Mizuho Complete Tokenized Interbank Payments via Swift Ledger
UBS and Mizuho Complete Cross-Border Interbank Payments via Swift Ledger
1 min read


How Emerging Models of Tokenized Deposit Interoperability Work
UK banks have put tokenized deposits to work in real customer transactions. Scaling those services depends on connecting banks, currencies and settlement systems. We examine the emerging interoperability models and where banks should invest.
8 min read


BMO, CIBC, National Bank of Canada, RBC, Scotiabank and TD Join Tokenized Deposit Race
BMO, CIBC, National Bank of Canada, RBC, Scotiabank and TD Join Tokenized Deposit Race
2 min read


DBS, OCBC and UOB Complete Tokenized Deposit Transaction on Swift Ledger
DBS, OCBC and UOB have completed live interbank SGD tokenized deposit transactions using Swift’s blockchain-based ledger. The bigger story is not 24/7 payments, but Swift’s attempt to become the common orchestration and interoperability layer connecting tokenized bank money across institutions while final settlement remains on existing rails.
2 min read


Global Tokenized Asset Market Update Q3 2026
Global tokenized asset market grew 290% in last 12 months according to Deutsche Bank Institute. Here are the key trends, signals and what's next...
1 min read


The Future of the Exchange Business: The Commercial Logic Behind Robinhood and Crypto.com’s Partnership
What does 1,000% surge in a single product category signal about the future of exchanges? We unpack the numbers, acquisition strategy and ownership logic behind the Robinhood and Crypto.com partnership and the opportunity to earn beyond crypto trading.
6 min read


BNP Paribas and HSBC completes tokenized deposit FX payment via Swift
BNP Paribas and HSBC have facilitated a cross-border, cross-currency tokenized-deposit transaction for Siemens using Swift’s shared ledger. The transaction reveals how a hub-of-hubs model could connect banks’ proprietary tokenized-deposit systems without requiring corporates to adopt new treasury infrastructure...
1 min read


Tokenized Deposits: How Citi and Swift’s Hub-of-Hubs Model Could Solve Interbank Reach
Citi’s live tokenized deposit transactions with FAB and OCBC reveal how institutional digital money could scale across banks. This Strategic Edge note examines Swift’s DLT ledger as the coordination layer, global banks as distribution hubs, and the emerging hub-of-hubs model for interbank payments, liquidity and tokenized asset settlement...
8 min read


mBridge Drives Standard Chartered’s $11B Payment Run Rate
Standard Chartered has disclosed that its tokenised-money activity reached an approximately $11 billion monthly run rate...
2 min read
06
05
bottom of page