Morgan Stanley obtained preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) to charter a de novo national trust bank called Morgan Stanley Digital Trust, National Association (MSDTNA). MSDTNA is now working to satisfy OCC conditions for final approval, law firm...
The investment arm of insurer New York Life is entering the world of tokenized assets, according to a Tuesday (June 30) press release. New York Life Investment Management (NYLIM) is partnering with tokenization platform Centrifuge to introduce the NYLIM Anemoy U.S. High Yield Corporate Bond...
As the United States works to establish a framework for digital assets, lawmakers must ensure it includes durable safeguards, according to an article posted Monday (June 29) by JPMorgan Chase. The article was written by Umar Farooq, global co-head of J.P. Morgan Payments, and Peter...
Blockchain analytics firm Chainalysis is proposing new standards for tracing funds on a blockchain. Chainalysis on Monday (June 29) introduced an ontology that explores how investigators can track funds to wallet clusters to help law enforcement in their investigations into illicit finance. “Investigators and compliance...
Today’s stablecoins have structural flaws that could impact macroeconomic and financial stability if the technology is more widely adopted, the Bank for International Settlements (BIS) said in a Tuesday (June 23) press release, outlining findings from the soon-to-be-released BIS Annual Economic Report 2026. In their current form, stablecoins...
Federal Reserve Board of Governors member Christopher J. Waller opened the Federal Reserve’s Fifth Conference on the International Roles of the Dollar on Monday (June 22) with remarks detailing the purpose of the meeting: to bring together different perspectives on the forces shaping the dollar’s...
Anchorage Digital launched Monday (June 22) a new tokenized deposit infrastructure aimed at enabling banks to offer around-the-clock settlement without overhauling their existing core systems, according to a Monday press release. The financial services firm said the platform allows regulated banks to issue and manage...
The question for banks and payment players isn’t whether crypto is becoming compliant, but whether compliance finally makes crypto useful. For years, crypto firms argued that regulatory uncertainty was holding back innovation. Europe responded with Markets in Crypto-Assets (MiCA), the world’s first comprehensive framework governing...
Blockchain finance has spent years making the inevitable seem imminent. This week, industry insiders raised the stakes further, predicting that Wall Street will operate solely on blockchain technology in under five years. The logic tracks: Once assets are digitized and placed on blockchain-based infrastructure, longstanding...