Morgan Stanley is using DTCC’s Tokenization Service. We examine what is live, what margin and financing workflows require, and where Treasuries and equities could deliver commercial value.
Tokenized assets can move around the clock. This Strategic Edge analysis examines what must happen before that mobility becomes usable institutional collateral.
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.
Visa and Mastercard are stitching together the infrastructure for 24/7 stablecoin-funded corporate payments, connecting blockchain transfers, payment orchestration and fiat payouts. But who provides the liquidity that makes funds available in recipients' bank accounts, and who bears the financing cost? Using a $50 million cross-border treasury transaction, we examine the three critical layers of global payments, compare liquidity funding costs against transaction revenues and
Moving money, funding liquidity and making liquidity available are three distinct challenges in delivering 24/7 corporate treasury services. Mastercard's new Global Money Platform, powered by BVNK, aims to bridge these gaps by connecting stablecoins, fiat payment rails and liquidity services through a unified infrastructure layer. But can it deliver usable liquidity into corporate bank accounts around the clock?
Kraken is evolving from a cryptocurrency exchange into a diversified financial services institution. Its parent company, Payward, is acquiring European bank Saldo Bank, expanding its capabilities across traditional banking, lending and card issuance. Combined with its strategic partnerships in tokenized equities, institutional trading and payments, the acquisition strengthens Kraken's position as one of the most consequential crypto-native businesses preparing for a potential
