The joint venture half-owned by the New York Stock Exchange's parent has filed its notice under the SEC's tokenised-stock exemption. Its prices will come from Uniswap pools rather than the stock market, a single key can pause them, and one company has already said no.
Seven British banks moved tokenised sterling between each other on Thursday in the first live customer transactions of their kind. The settlement is not the interesting part. The condition attached to it is.
ESMA has made artificial intelligence and tokenisation a supervisory priority from 2027. The evidence underneath it is a voluntary survey taken in the summer of 2025, in which three per cent of the reported AI use cases touched the provision of investment services at all.
The CFTC chairman used a New York Fed conference to say the next decade will change markets more than the previous several combined. The rulebook he described is being written at his agency, because the Senate declined to pass one.
Pontes went live on Monday with fourteen institutions and four ledger operators. It gives tokenised markets a cash leg that is neither a stablecoin nor a bank's deposit token.
The Policy Address commits the HKMA to testing tokenised Exchange Fund Bills by year-end. Of all the assets it could have picked, it chose the one banks pledge for liquidity.
ICE plans a tokenised trading venue for 2027 that pairs the exchange's own matching engine with blockchain settlement. The incumbent has decided to compete rather than object.
Goldman and Citizens read the SEC's tokenised-stock order and came to the same conclusion: the venues built for crypto gain, the incumbent exchanges barely notice.
Two days after the Senate declined to write crypto's rules, the SEC used its own authority to let tokenised U.S. stocks trade in onchain liquidity pools. Synthetics stay out.
Singapore's three largest banks paid each other in tokenised deposits for the first time. The shared ledger matched the obligations; the money still moved the old way.
S&P Global led $110m into Kaiko, with Nasdaq, Broadridge, BNP Paribas, RBC and two trading firms alongside it. A round with that many competitors in it is closer to a standards committee than an investment.
A regulator-run pilot placed corporate debt for three issuers on distributed ledger infrastructure. The investor counts are the part worth reading.
The supervisor says the technology used to record a deposit does not change what it legally is, which removes the question banks had been waiting on.
USBDC settled on Stellar in a test that covered minting, redemption, freezing and clawback — the four functions a supervised issuer actually needs.
The new platform matters less for what it launches than for what it is built on: a repo system already settling tokenized real assets at institutional scale.
The largest category of tokenised real-world assets is not Treasuries or funds. It is loans, and it is the hardest one to verify.
The regulator has said the securities laws apply regardless of where ownership is recorded. That answer is what let the infrastructure get built.
Money market funds and private credit are leading the migration of real assets onto shared ledgers, with custody and legal finality the remaining battlegrounds.
Instant collateral mobility delights treasurers in calm markets; risk officers are gaming out what it does in a stressed one.
On-chain money market products are absorbing idle balances across trading firms and protocols, knitting public debt into digital asset plumbing.
A small but growing group of companies is holding working balances in tokenized cash equivalents, trading yield and settlement speed against new operational risk.
Letting margin move in minutes instead of days is the rare blockchain application with unanimous institutional demand, and infrastructure providers are competing to supply it.
Double-counting and phantom credits pushed registries toward shared records; the technology is proving easier than the governance.
Structured secondary windows and tokenized feeder funds are answering the illiquidity complaint without inviting a run.