# Institutional Briefing

> An executive briefing on the big stories and trends driving tokenization and the institutional adoption of digital assets. Every Thursday.

This file provides information about Institutional Briefing to help large language models understand and reference this publication's content.

## Posts
- [UK FCA Finalizes Long-Awaited Crypto Rules](https://www.institutional.blockstories.io/p/uk-fca-finalizes-long-awaited-crypto-rules): Last week, the UK’s Financial Conduct Authority (FCA) published its final rules for regulating crypto-assets and stablecoins. The regime covers trading platforms, custody, and stablecoin issuance, while rules for systemic stablecoin issuers are still being finalized separately and will fall under Bank of England supervision. The full framework will take effect in October 2027.
- [Exclusive: CACEIS in Talks to Acquire Crypto Investment Platform Meria](https://www.institutional.blockstories.io/p/exclusive-caceis-in-talks-to-acquire-crypto-investment-platform-meria): According to Blockstories' information, CACEIS, the custodian bank of Crédit Agricole, is in exclusive negotiations to acquire Meria, a French crypto investment platform co-founded by Owen Simonin, better known as Hasheur, France's most popular crypto influencer.
- [Citigroup Rolls Out Tokenization Service for Private Company Shares](https://www.institutional.blockstories.io/p/citigroup-rolls-out-tokenization-service-for-private-company-shares): Citigroup unveiled a new service to tokenize Digital Depositary Receipts (DRs) for private shares, with a listing on SIX’s permissioned blockchain network. The first transaction involved a Citi portfolio company and Kaleido, a tokenization platform that works with SWIFT, HSBC, and the BIS.
- [Inside Eur.Bank: How Bancomat Brings Card-Scheme Rules to Stablecoins](https://www.institutional.blockstories.io/p/inside-eur-bank-how-bancomat-brings-card-scheme-rules-to-stablecoins): What sets Bancomat apart from other banking initiatives is its ambition to position stablecoins as a scheme-based payment instrument, supported by a common rulebook, bank-led distribution, dispute resolution mechanisms, and reserves custodied on a pro rata basis across participating banks.
- [Banca Sella Becomes Italy’s First Bank to Receive a MiCA-CASP Authorization](https://www.institutional.blockstories.io/p/banca-sella-becomes-italy-s-first-bank-to-receive-a-mica-casp-authorization): The license allows the bank to provide crypto-asset custody and transfer services, putting it in position to launch a regulated crypto offering for its clients later this year.
- [Qivalis Momentum: To What Extent Could It Reshape the Euro Stablecoin Market?](https://www.institutional.blockstories.io/p/qivalis-momentum-to-what-extent-could-it-reshape-the-euro-stablecoin-market): We spoke with ABN AMRO, ODDO BHF and AllUnity about what the growing momentum around the Qivalis consortium means for the euro stablecoin market.
- [Standard Chartered Brings Zodia Custody Back In-House](https://www.institutional.blockstories.io/p/standard-chartered-brings-zodia-custody-back-in-house): Standard Chartered acquires Zodia Custody, the regulated digital asset custodian it had incubated since 2020 through SC Ventures. By integrating the business into its Financing and Securities Services division, the bank is formalizing its role as a sub-custodian for banks and institutions in a market still dominated by crypto-native firms.
- [DTCC Targets Full Launch of Tokenization Service by October](https://www.institutional.blockstories.io/p/dtcc-targets-full-launch-of-tokenization-service-by-october): DTCC is rolling out its tokenization service in July with 50 institutions. The model is deliberately conservative: securities stay in traditional custody, while onchain entitlements move across chains.
- [Exclusive: Qivalis Gains Momentum with 25 Additional Banks Set to Join](https://www.institutional.blockstories.io/p/exclusive-qivalis-gains-momentum-with-25-additional-banks-set-to-join): Last week, Blockstories reported that 19 banks had committed to join the Qivalis euro stablecoin consortium. Over the past days, that number has grown again, now standing at 25. There's also new details about the admission.
- [Exclusive: Qivalis Stablecoin Consortium Set to Add At Least 19 European Banks](https://www.institutional.blockstories.io/p/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.
- [Banking Circle Launches Full Fiat–Stablecoin Settlement Service](https://www.institutional.blockstories.io/p/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
- [KfW Moves Its Tokenization Program from Pilot to Stress-Test ](https://www.institutional.blockstories.io/p/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.
- [Broadridge Extends Governance to Tokenized Equities, Paving the Way for Scale](https://www.institutional.blockstories.io/p/broadridge-extends-governance-to-tokenized-equities): The firm behind 80% of U.S. proxy votes brings corporate governance onchain, starting with Galaxy.
- [Lise Opens Europe's First Onchain Equity IPO Under the DLT Pilot Regime](https://www.institutional.blockstories.io/p/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.