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.
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.
