By The Same Token: PayPal USD powers onchain trucking finance
The Situation TCS Blockchain is integrating PayPal USD (PYUSD) as a settlement asset to scale onchain freight-invoice financing for North American trucking...
By The Same Token: Kraken wins Federal Reserve master account
The Situation Kraken’s Wyoming-chartered bank, Kraken Financial, has been granted a Federal Reserve master account, giving it direct access to core Fed...
By The Same Token: Northern Trust launches tokenized Treasury MMF
The Situation Northern Trust Asset Management (NTAM) launched a tokenized share class of its NIF Treasury Instruments Portfolio on March 2, putting a top-...
By The Same Token: Bank of Japan pilots wholesale CBDC sandbox
The Situation The Bank of Japan is expanding its CBDC work from the long-running retail research program into a wholesale CBDC / tokenized central bank money...
By The Same Token: PrimeDelta launches compliant L1, stablecoin
The Situation PrimeDelta says it will launch a “fully compliant” proprietary Layer-1 blockchain alongside a native DEL token and a USD stablecoin, dUSD,...
By The Same Token: Morgan Stanley files charter for crypto custody
The Situation Morgan Stanley has filed with the OCC for a de novo national trust bank charter—“Morgan Stanley Digital Trust, National Association”—to custody...
By The Same Token: Barclays advances tokenized deposits, stablecoin plan
The Situation Barclays has circulated an RFI to technology suppliers for a blockchain platform that can support stablecoin payments and tokenized deposits,...
By The Same Token: SEC clears WisdomTree 24/7 tokenized MMF
The Situation The SEC granted WisdomTree exemptive relief to enable intraday, 24/7 transactions in tokenized shares of its money market fund (WTGXX),...
By The Same Token: Treasury weighs more T-bills for stablecoins
The Situation A new framing is emerging from the sell-side: if USD stablecoins scale toward $2T outstanding, U.S. Treasury’s financing mix could tilt toward...
By The Same Token: Fed scraps reputation risk in exams
The Situation The Federal Reserve has opened a public comment process to codify the removal of “reputation risk” from its supervisory programs, aiming to...
By The Same Token: BNP Paribas pilots tokenized money funds
The Situation BNP Paribas Asset Management has run a pilot issuing a tokenized share class of a French-domiciled money market fund on public Ethereum, using...
By The Same Token: BitGo, Figure settle tokenized equity trades
The Situation BitGo and Figure just completed what they’re calling the first blockchain-native tokenized equity trades executed on Figure’s Alternative...
By The Same Token: UK taps HSBC Orion for digital gilt
The Situation HM Treasury has selected HSBC Orion as the technology platform for the UK’s Digital Gilt Instrument (DIGIT) pilot, with the issuance expected...
By The Same Token: BNP Paribas pilots tokenized money market fund
The Situation BNP Paribas Asset Management has launched a tokenized share class of a French-domiciled money market fund, issuing the shares on Ethereum via...
By The Same Token: Figure debuts blockchain-native public equity
The Situation Figure just launched FGRD, a tokenized class of its own public equity that it says is SEC-registered and natively issued, traded, and settled...
By The Same Token: SEC clarifies rules for tokenized securities
The Situation The SEC has now put a sharper perimeter around “tokenized securities”: if the underlying instrument is a security, then wrapping it in a token...
By The Same Token: ECB backs euro stablecoins for payments
The Situation Deutsche Bundesbank President Joachim Nagel publicly endorsed euro-denominated stablecoins as a payments instrument, framing them as a...
By The Same Token: Sanctioned stablecoin issuer races to scale
The Situation A U.S.-sanctioned stablecoin issuer is attempting to scale into a “crypto giant” by expanding distribution and liquidity pathways despite being...
By The Same Token: Russia greenlights RWA tokenization framework
The Situation Russia has approved a national framework to tokenize real-world assets—explicitly including property and shares—via a plan developed by the...
By The Same Token: Figure launches on-chain equity trading
The Situation Figure has launched a proposed secondary offering of up to 4.23M shares of its Series A Blockchain Common Stock—a deliberately structured test...