Global financial institutions have established a new organisation to advance infrastructure for tokenised financial markets, according to The Asian Banker.
FinChain and Plume have launched FLEX & FINO, a leveraged FUSD yield strategy targeting up to 7.2% APY with a 90% utilization cap and KuCoin integration.
Apple has joined the objectors to OKX/ICE stock-token listings, bringing the total to 59; objections now cover 53 of the venue's 63 proposed stock symbols.
SEC staff classifies Canton Coin as a digital commodity and grants limited no-action relief for programmatic token issuance without securities registration.
SEC Corporation Finance staff said Canton Coin will circulate under a digital commodity classification, with enforcement held off on programmatic issuance if conditions are met.
CoinDesk analysis of how tokenized securities may offer better recourse than crypto after a theft, following the $6.3 billion Binance hack, while markets around them can still break down under stress.
The OCC's final GENIUS Act rule sets out how community banks can issue stablecoins through subsidiaries. Smaller lenders can also test the technology using coins issued and redeemed by another institution.
SEC staff granted Canton Coin no-action relief for token minting, viewing it as a digital commodity given its network utility and the absence of a controlling central party.
US regulators are opening the door to stock-based perpetual futures, extending a popular crypto trading product into traditional markets amid ongoing legal disputes.
Amazon, Tesla and SpaceX have joined 56 companies filing issuer objections to tokenized versions of their shares trading on OKXICE, the proposed blockchain-based stock venue backed by OKX and Intercontinental Exchange.