Binance's suspected multibillion-dollar hack exposes a critical gap in institutional digital asset custody. Beyond safeguarding private keys, institutions need asset-freezing capabilities, insurance, financial loss protection and clear accountability. Could bank custodians such as Citi and Standard Chartered hold the competitive advantage?

ICE invests in Trade[XYZ] to develop regulated US perpetual futures using Hyperliquid. Explore seven market layers and unresolved clearing and collateral questions.

DTCC has officially launched its Tokenization Service, marking a major milestone in bringing blockchain technology into the heart of US securities infrastructure.

How crypto vaults are evolving from DeFi lending pools into capital allocation and securities financing infrastructure—and what institutions need next.

S&P Global's acquisition of OpenZeppelin and strategic investment in Kaiko reveal an emerging onchain risk intelligence stack spanning financial, technology and market risks.

Issuer objections to OKXICE tokenized stocks reportedly rose from 16 to 21, exposing the commercial challenge facing third-party custodial tokenization.

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.

Sixteen companies have objected to OKX–ICE tokenized stock trading, challenging the commercial viability of third-party custodial tokenization. Meanwhile, bStocks, xStocks and Ondo demonstrate growing demand for alternative models.

How tokenized Treasuries and MMFs could fund 24/7 corporate payments AND why settlement timing and revenue capture determine the economics.

Standard Chartered is expanding its institutional digital asset custody footprint to Singapore, its fourth major market alongside Luxembourg, Hong Kong and the UAE. The move highlights two increasingly important dimensions of institutional digital asset competition: vertical product capabilities across stablecoins, payments, tokenisation and crypto ETFs, and geographic coverage across key financial hubs.

UK Government has now assembled the core market structure for DIGIT, its first digitally native sovereign bond. With six Joint Lead Managers, HSBC Orion as issuer DSD and LSEG B3 as investor DSD, the pilot is moving from design into execution and could become a major test of interoperable digital securities and cash settlement infrastructure.

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.

ANZ, BHP, Citi and Swift have demonstrated how tokenized commercial bank deposits can support live, 24/7 cross-border corporate treasury payments.

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.

Investing is moving onchain as BlackRock makes three model portfolios available for blockchain distribution in partnership with Ondo Finance...

NYSE’s partnership with Blockchain.com adds an important piece to its emerging tokenized equities strategy: crypto-native distribution. As Nasdaq and NYSE build competing digital market infrastructure, distribution, liquidity and control of the end-user relationship are becoming critical battlegrounds.

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.

The SEC has recognised permissioned AMMs as potential securities-market infrastructure. Uniswap already has much of the technical architecture. The question now is whether it can turn that advantage into a regulated venue, institutional liquidity and value accrual.

Ondo Finance subsidiary Oasis Pro (acquired by Ondo Finance Inc.) has joined The Depository Trust & Clearing Corporation (DTCC)’s Fund/SERV platform.

Deutsche Bank plans to launch digital asset custody for institutional clients - first step toward offering a vertically integrated, full-service tokenized finance platform...

Nasdaq, NYSE and LSEG are building tokenized stock businesses around different commercial bets. We compare their approaches to shareholder rights, settlement, extended trading and crypto-native distribution and what those choices reveal about the customers they want to reach.

UniCredit’s reported custody and brokerage plans raise a bigger question: where can banks win in digital assets? Its wealth businesses in Italy, Germany and Austria could provide a powerful distribution advantage...

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.

The SEC’s transfer agent proposal could bring blockchain into official securities ownership records. This Strategic Edge note examines what the reforms enable for tokenized securities and digital-asset transfer agents—and what remains unresolved around identity, ledger control, regulatory access and transfer finality...

Clearstream D7 has processed over €80 billion in digital securities. Discover why its model is scaling capital markets tokenization...

Standard Chartered issues $200M digital bond on Euroclear’s D-FMI, showing how capital-markets tokenization can scale by combining DLT-native primary issuance with existing settlement, liquidity and investor infrastructure...

Standard Chartered and HSBC complete interoperable tokenized deposit transaction on Swift’s blockchain-based ledger...

How Citi Custody+ and BitGo reveal the future of digital-asset custody as banks integrate cash, FX, servicing, collateral and tokenized finance...

Crypto exchanges are evolving into multi-asset financial infrastructure. Explore the implications for wealth managers, traditional brokers and neobanks...

Project Agora just demonstrated digital money interoperability by completing real value transactions using tokenized commercial bank deposits and central bank reserves on shared infrastructure...

BNY launches digital transfer agency for tokenized funds...

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...

Institutional digital money is developing through a new model: global infrastructure supplied by GSIBs and always-on payment services distributed by local banks...

Institutional digital cash is evolving rapidly as tokenized deposits, blockchain-based payments and tokenized securities settlement move into production...

BNY to offer 24/7 settlement for US Treasuries in 2027 as digital assets reshape traditional market infrastructure...

London Stock Exchange launches 24hr trading as it seeks to gain a foothold in the retail volume captured by crypto exchange...

Bank of America is finally making its move to enter digital asset...

Alpaca, the biggest tokenized stock infrastructure provider you have never heard of, just raised $435M...

DTCC launches landmark tokenization platform with JPMorgan tokenizing Invesco's QQQ...

Putting financial markets onchain could add £33B to the UK's economy. So what's stopping us...

Circle, the biggest US stablecoin issuer, just became a digital asset infrastructure bank...

Swift launches 24/7 tokenized deposit payments with 17 global banks, including HSBC, Citi, and Standard Chartered, preparing for first transactions...

EIB issues digital securities and gets used in Eurosystem for collateral...

Tokenized stocks just crossed a major commercialization milestone as 430 tokenized stocks from Ondo get listed on Uniswap...

Standard Chartered has executed the first live digital asset prime brokerage trades with LMAX Group...

FCA publishes its final crypto rulebooks for UK. Key takeaways...

SG FORGE and Euroclear to explore USD stablecoin settlement in capital market transactions...

JPMorgan drops new report on Treasury Management in Tokenization and AI era. Key takeways...

UBS and Nethermind completes PoCs showing Ethereum can support operational and compliance needs of regulated financial institutions...