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.
NYSE parent ICE and OKX are preparing to launch one of the first large-scale tests of the SEC’s third-party custodial tokenization model for U.S. equities. The structure could help determine which tokenization model scales public stocks onchain the fastest.
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.
Nasdaq’s $100M investment in Payward brings traditional market infrastructure closer to crypto distribution. As tokenized equities grow, the deal raises a defining question: will value accrue to the exchanges that list stocks or the platforms that own the investor relationship?
Crypto exchanges are evolving into multi-asset financial infrastructure. Explore the implications for wealth managers, traditional brokers and neobanks...
Embedded wallets are the relationship layer for onchain finance and Kraken, the $20B exchange, just acquired infrastructure that has powered more than 60 million of them...
Deutsche Borse has invested $200 million in Payward Inc., the parent of crypto trading platform Kraken, as the Frankfurt stock exchange operator moves to offer access to a wider array of securities over blockchain rails. The deal, which gives Deutsche Börse a 1.5% fully diluted stake in the company.
