Moody's Ratings publishes stablecoin risk framework. Key takeaways

BMO to launch tokenized deposit product with Google and CME

In a speech titled, Number Go Down and Other Schadenfreude, the SEC Chair lays out the forthcoming Innovation Exemption framework. Key points:

Welcome to Tokenization Insight Weekly Highlights. Here are top developments you need to know to stay updated...

The most important tokenization development this week is the SEC’s approval of Nasdaq’s tokenized stock plan. It reveals three critical principles shaping how the SEC, Nasdaq, and DTC view the future of tokenized equities...

Stablecoins Are the Story. Trading Is the Money. Kalshi, one of the two main prediction markets, has reportedly raised $1B+ at a $22B valuation, doubling from $11B just months ago. Backed by Paradigm, Sequoia, a16z, ARK, and now Coatue.

SEC has approved Nasdaq's request to settle Russel 1000, S&P 500 and Nasdaq 100 ETFs in tokenized forms. But this is NOT a disruptive leap toward on-chain markets. This is tokenization without disruption:

S&P Dow Jones Indices said it has licensed the S&P 500 index to Trade[XYZ], a crypto startup that has created some of the most popular perpetual futures contracts on Hyperliquid.

SEC & CFTC drops formal crypto taxonomy. Here is what it means.

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.

Welcome to Tokenization Insight Weekly Highlights. Key players this week: Nasdaq, Citi, Euroclear, Bank of England, HSBC, Standard Chartered...

HSBC Holdings Plc and Standard Chartered Plc are set to become among the first licensed stablecoin issuers in Hong Kong, giving two of the city’s note-issuing banks a central role in the government’s push to position itself as a global digital-asset hub

Sarah Breeden, Deputy Governor at the Bank of England, signalled that U.K. regulators may reconsider their relatively strict limits on stablecoin holdings, following pushback from the digital asset industry.

One particularly important but largely underreported development in the stablecoin space has been the granting of national trust bank charters by the Office of the Comptroller of the Currency (OCC) to stablecoin and digital asset firms.

Mastercard launches Crypto Partner Program with 85 digital asset firms as it moves to defend its position against stablecoins and Visa.

Nasdaq announces partnership with Boerse Stuttgart Group's DLT settlement firm, Seturion

Tokenization Insight Weekly Highlights. Here are top developments you need to know to stay updated

US regulators greenlight public permissionless blockchains to banks

NYSE's parent company, ICE, invests in crypto exchange, OKX, at $25B valuation