Institutional Briefing

A weekly digest giving institutional teams the context
and analysis behind major developments in tokenization, stablecoins, and the institutional adoption of digital assets.

Archive

Apr 30, 2026

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2 min read

Exclusive: Qivalis Stablecoin Consortium Set to Add At Least 19 European Banks

The new additions are spread across 12 European countries, including five Spanish banks, and notably include Groupe BPCE, ABN AMRO, and Nordea. They come on top of the dozen banks already part of the consortium, such as BNP Paribas, UniCredit, BBVA, DZ Bank, and Unicredit.

Louis Tellier

Apr 30, 2026

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6 min read

Banking Circle Launches Full Fiat–Stablecoin Settlement Service

Also in this edition: Exclusive – Qivalis set to grow by another 20 banking members ++ Amundi launches Bitcoin ETP ++ State Street announces launch of tokenized fund servicing from Luxembourg

Louis Tellier, +1

Apr 23, 2026

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6 min read

KfW Moves Its Tokenization Program from Pilot to Stress-Test

Germany’s state-owned development bank announced a third DLT-based bond, scheduled for June 2026. For KfW, it marks the next phase of its tokenization journey.

Louis Tellier, +1

Apr 16, 2026

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6 min read

Broadridge Extends Governance to Tokenized Equities, Paving the Way for Scale

The firm behind 80% of U.S. proxy votes brings corporate governance onchain, starting with Galaxy.

Louis Tellier, +1

Apr 9, 2026

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13 min read

Lise Opens Europe's First Onchain Equity IPO Under the DLT Pilot Regime

Today, Paris-based Lise opens subscriptions for Europe's first regulated onchain IPO of natively tokenized equity, giving retail and institutional investors direct access to the offering.

Louis Tellier, +1

Apr 2, 2026

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12 min read

Institutions Take Center Stage at Kaiko’s The Agora Event in Cannes

On Tuesday, blockchain data provider Kaiko hosted the first edition of the Agora Summit at the Marriott Hotel in Cannes. The event featured more than 50 speakers from across DeFi and TradFi, including executives from Euroclear, Société Générale, Standard Chartered, DTCC, Fidelity, Amundi, and BPCE Group.

Maximilian Vargas, +1

Mar 26, 2026

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13 min read

Exclusive: Crédit Agricole Prepares to Launch a Euro-Denominated Stablecoin

According to our information, Crédit Agricole is preparing to launch a euro-denominated stablecoin. The project remains in the structuring phase, with a potential launch as early as this summer.

Louis Tellier, +1

Mar 19, 2026

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13 min read

U.S. Banks Announce Shared Ledger Built on Ethereum Layer-2 ZKsync Prividium

On Tuesday, the Cari Network disclosed that ZKsync’s Prividium, a permissioned Ethereum Layer-2, will serve as the blockchain infrastructure for its tokenized deposit platform.

Louis Tellier, +1

Mar 12, 2026

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14 min read

Onchain Treasury Management: Crypto-Native Players Are Pushing Upstream Into Enterprises

Some of our most recent conversations with financial institutions indicate that interest in stablecoin-based treasury management is growing. To better understand where adoption stands today and what is still missing, we spoke with three players approaching the market from different angles

Louis Tellier, +1

Mar 5, 2026

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14 min read

Why WisdomTree's SEC Exemption Is a Structural Turning Point For Tokenized MMFs

Last week, WisdomTree received SEC exemptive relief from the forward pricing rule, the regulation that requires all U.S. mutual fund orders to be executed at the daily NAV strike, typically at 4 p.m. ET. The exemption allows WisdomTree’s broker-dealer to trade its tokenized government money market fund 24/7 at a fixed $1 price on the secondary market. It’s the first relief of its kind.

Louis Tellier, +1

Mar 4, 2026

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13 min read

Opening the Door to 24/7 Mutual Funds: WisdomTree on Its SEC Exemption – Interview

Last week, WisdomTree received SEC exemptive relief from the forward pricing rule. allows WisdomTree’s broker-dealer to trade its tokenized government money market fund 24/7 at a fixed $1 price on the secondary market. We spoke with Maredith Hannon about why that matters and how the fund works in practice.

Louis Tellier, +1

Feb 26, 2026

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12 min read

Luxembourg Greenlights Crypto in UCITS: What It Means for Europe’s Fund Industry

In early February, Luxembourg’s financial regulator, the CSSF, published a landmark update to its rules on crypto-assets for investment funds, allowing UCITS to allocate up to 10% of their portfolio to crypto.

Louis Tellier, +1

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