BlackRock introduces two new tokenized money market offerings 🏦 The offerings include OnChain Shares of the BlackRock Select Treasury Based Liquidity Fund and the BlackRock Daily Reinvestment Stablecoin Reserve Vehicle. These products are intended to provide high-quality reserve assets for stablecoins and tokenized products. The firm manages $60 billion in reserves for Circle and currently operates the BUIDL fund.
Dakota has applied for an OCC national trust bank charter 🏦 The application seeks to support digital asset custody and stablecoin issuance. M1X has launched on-chain sovereign bonds backed by US Treasuries. AIsa uses Circle's USDC for machine-to-machine micropayments.
Augustus is pursuing a national banking charter to build an API-first clearing bank 🏦 The proposed model utilizes stablecoins alongside traditional payment rails. This approach seeks to challenge existing legacy correspondent banking models. Regulatory approval and central bank access remain necessary for the implementation of this clearing bank.
Marqeta and Zero Hash partner to launch stablecoin-linked cards 🔗 The partnership allows customers to embed stablecoin payments into existing card programs. Augustus raised $180m to provide 24/7 settlement between traditional systems and blockchains. Augustus is targeting the correspondent banking franchise with these settlement rails.
FATF urges jurisdictions to apply AML rules to DeFi platforms with identifiable controllers 🧾 The report focuses on entities retaining control via governance tokens, administrative privileges, or upgrade keys. Compliance efforts may target choke points including stablecoin issuers and front-end operators. DeFi total value locked has reached $86.6 billion, though few jurisdictions have implemented specific licensing standards.
BNY aims for 24/7 US Treasury settlement by 2027 🏦 The custodian bank conducted an after-hours test using Ripple's RLUSD and OpenEden's USDO reserves. BNY plans to deploy tokenized Treasuries on blockchain rails by the end of 2026. The initiative targets the elimination of weekend settlement gaps for the US Treasury market.
DTCC has processed its first live tokenized stock, ETF, and Treasury trades 🏦 The entity has moved from the pilot phase into real-world application for these asset classes. BCG forecasts $88 trillion in tokenized assets by 2035. The transition is described as an infrastructure shift focused on collateral and repo markets.
The Digital Asset Market Clarity Act proposes new regulatory boundaries for stablecoin rewards 🧾 The legislation distinguishes between passive interest on stablecoin holdings and activity-based rewards. Proposed rewards apply to transactions, liquidity provision, or risk-taking. This distinction is intended to prevent stablecoins from being treated as uninsured bank deposits.
DTCC has processed its first live production trades using tokenized securities 🏦 The trades involved tokenized stocks, ETFs, and Treasuries across over 30 firms. Participants included JPMorgan, BlackRock, and Goldman Sachs. Full service is expected to open in October.
