Weekly Briefing

FASB Proposes Guidance on Treating Stablecoins as Cash Equivalents in the U.S.

Aug 27, 2026

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6 min read

FASB Proposes Guidance on Treating Stablecoins as Cash Equivalents in the U.S.

The proposal would clear an accounting barrier to stablecoins in corporate treasury. It would not touch the prudential one.

Louis Tellier, +1

Weekly Briefing

SEC Opens BENJI to Franklin Templeton’s Own Funds

Aug 20, 2026

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5 min read

SEC Opens BENJI to Franklin Templeton’s Own Funds

The no-action letter lets Franklin's mutual funds and ETFs park cash in its $726 million tokenized money market fund, and sets the first template for blockchain-based fund ownership under the 1940 Act.

Louis Tellier, +1

Weekly Briefing

Visa Launches Stablecoin Platform for Financial Institutions

Jul 23, 2026

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6 min read

Visa Launches Stablecoin Platform for Financial Institutions

Last week, payments giant Visa introduced its Visa Stablecoin Platform (VSP), designed to help financial institutions and enterprises hold, move, and manage stablecoins through a single Visa-managed environment. The platform will initially support Open USD (OUSD) and launch in beta to a limited group of customers.

Louis Tellier, +1

Weekly Briefing

Swift Opens Its Shared Ledger to Initial Use With 17 Banks

Jul 16, 2026

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6 min read

Swift Opens Its Shared Ledger to Initial Use With 17 Banks

Swift said its blockchain-based ledger is ready for initial use, with 17 banks preparing live pilots for tokenised deposit payments. The ledger coordinates what banks owe each other, but leaves final settlement on existing rails.

Louis Tellier, +1

Weekly Briefing

UK FCA Finalizes Long-Awaited Crypto Rules

Jul 9, 2026

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6 min read

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.

Louis Tellier, +1

Weekly Briefing

Exclusive: CACEIS in Talks to Acquire Crypto Investment Platform Meria

Jul 2, 2026

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6 min read

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.

Louis Tellier, +1

Weekly Briefing

Citigroup Rolls Out Tokenization Service for Private Company Shares

Jun 19, 2026

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6 min read

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.

Louis Tellier, +1

Weekly Briefing

Inside Eur.Bank: How Bancomat Brings Card-Scheme Rules to Stablecoins

Jun 12, 2026

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6 min read

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.

Louis Tellier, +1

Weekly Briefing

Banca Sella Becomes Italy’s First Bank to Receive a MiCA-CASP Authorization

Jun 5, 2026

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6 min read

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.

Louis Tellier, +1

Weekly Briefing

Qivalis Momentum: To What Extent Could It Reshape the Euro Stablecoin Market?

May 29, 2026

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6 min read

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.

Louis Tellier, +1

Weekly Briefing

Standard Chartered Brings Zodia Custody Back In-House

May 21, 2026

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7 min read

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.

Louis Tellier, +1

Weekly Briefing

DTCC Targets Full Launch of Tokenization Service by October

May 14, 2026

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6 min read

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.

Louis Tellier, +1

Weekly Briefing

Exclusive: Qivalis Gains Momentum with 25 Additional Banks Set to Join

May 7, 2026

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6 min read

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.

Louis Tellier, +1

Weekly Briefing

Banking Circle Launches Full Fiat–Stablecoin Settlement Service

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

tim-meirer

KfW Moves Its Tokenization Program from Pilot to Stress-Test

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

carlos-domingo

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

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

Weekly Briefing

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

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

Weekly Briefing

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

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

Weekly Briefing

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

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

Weekly Briefing

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

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

Weekly Briefing

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

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

Weekly Briefing

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

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

Weekly Briefing

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

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

Weekly Briefing

Exclusive: France’s Largest Banks Prepare Tokenized Deposit System

Feb 19, 2026

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12 min read

Exclusive: France’s Largest Banks Prepare Tokenized Deposit System

Participants include BNP Paribas, Société Générale, Crédit Agricole, and BPCE Group.

Louis Tellier, +1

Weekly Briefing

Boerse Stuttgart Settles First Confidential Tokenized Security Transaction on Ethereum

Feb 12, 2026

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12 min read

Boerse Stuttgart Settles First Confidential Tokenized Security Transaction on Ethereum

Last week, Boerse Stuttgart Group announced that it had executed the first confidential, tokenized delivery-versus-payment (DvP) transactions on a public blockchain. The transactions were carried out via its DLT settlement platform Seturion, with transaction logic executed on Aztec, an Ethereum layer-2 privacy network.

Louis Tellier, +1

Weekly Briefing

FASB Proposes Guidance on Treating Stablecoins as Cash Equivalents in the U.S.

SEC Opens BENJI to Franklin Templeton’s Own Funds

Visa Launches Stablecoin Platform for Financial Institutions

Swift Opens Its Shared Ledger to Initial Use With 17 Banks

UK FCA Finalizes Long-Awaited Crypto Rules

Exclusive: CACEIS in Talks to Acquire Crypto Investment Platform Meria

Citigroup Rolls Out Tokenization Service for Private Company Shares

Inside Eur.Bank: How Bancomat Brings Card-Scheme Rules to Stablecoins

Banca Sella Becomes Italy’s First Bank to Receive a MiCA-CASP Authorization

Qivalis Momentum: To What Extent Could It Reshape the Euro Stablecoin Market?

Standard Chartered Brings Zodia Custody Back In-House

DTCC Targets Full Launch of Tokenization Service by October

Exclusive: Qivalis Gains Momentum with 25 Additional Banks Set to Join

Banking Circle Launches Full Fiat–Stablecoin Settlement Service

KfW Moves Its Tokenization Program from Pilot to Stress-Test

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

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

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

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

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

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

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

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

Exclusive: France’s Largest Banks Prepare Tokenized Deposit System

Boerse Stuttgart Settles First Confidential Tokenized Security Transaction on Ethereum

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

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

Every Thursday.