Citigroup launched tokenized depositary receipts that are designed to broaden access to private markets. The new Digital Depositary Receipts on private shares provide investors with direct access to private companies’ equity through a familiar investment structure and offer private companies access to liquidity through expanded...
The announcement that major U.S. banks will launch a tokenized deposit network in 2027 grabbed headlines last week, where the initiative has been seen as the banking industry’s response to stablecoins. But when executives gathered for The Clearing House’s media day days later, the discussion...
Ripple has launched a new set of tools, documentation and integrations designed to help developers build agentic payment applications on the XRP Ledger (XRPL) blockchain. The company’s new XRPL AI Starter Kit supports payments that use the x402 protocol, the XRP token and the Ripple USD (RLUSD) stablecoin, and it enables artificial intelligence...
Brickken’s CEO foresees a day when Wall Street operates solely on blockchain technology. That day could come by 2030, Edwin Mata—who is also the founder of the Spain-based tokenization platform—said in a Tuesday (June 9) CoinDesk interview. He said that buzzwords like “Web3” have faded...
Real-world asset (RWA) tokenization firm Securitize moved a step closer to becoming a publicly traded company Friday (June 5) when the Securities and Exchange Commission (SEC) declared effective the Registration Statement on Form S-4 in connection with a proposed business combination between Securitize and Cantor...
As bitcoin lost about half its value since its October peak, the value of many of the digital asset treasury companies that emerged during the digital asset boom fell even more, Bloomberg reported Friday (June 5). Since October, the combined market value of fully diluted bitcoin...
The largest U.S. banks are building their own blockchain payment network, a direct response to crypto firms that are pushing deeper into core banking territory under a crypto-friendly Trump administration. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other major commercial banks plan to...
New York state’s financial watchdog has formed a stablecoin-related partnership with the European Banking Authority. The New York State Department of Financial Services (DFS) announced on Tuesday (June 2) that it has signed a memorandum of understanding (MOU) with the authority to allow for “the...
Last week, the Depository Trust & Clearing Corporation (DTCC) launched a collaboration with the Stellar blockchain. In an interview with CoinDesk published Tuesday (June 2), Stellar Development Foundation CEO Denelle Dixon said that move legitimizes years of blockchain infrastructure designed for institutional use. As Dixon...