ESMA sets three-month deadline to resolve noncompliant stablecoin exposures
The October 8 opinion covers custody and transfers as well as trading, with limited services allowed for an orderly exit.
Markets stories
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Yapı Kredi Kripto selects Integral trading infrastructure ahead of launch
The Turkish bank subsidiary has implemented pricing, liquidity and risk tools; customer launch details remain unspecified.
Lido contributors propose a lending market built on a Morpho Blue fork
Isolated markets and deposit screening are planned, with technical details, audits and DAO votes still ahead.
Europol puts wallet keys at the center of crypto quantum preparation
Two new reports call for phased security upgrades while keeping future quantum capabilities and current threats distinct.
IRS updates staking safe harbor for qualifying crypto trusts
The revised procedure preserves specified trust tax classifications and gives existing trusts a six-month transition window.
GSR launches Hare with stablecoin and tokenized-gold vaults planned
Hare will structure the products while Turtle handles distribution; opening dates and subscription terms are still to come.
Circle and Tereina bring USDC and EURC into SAP Pay workflows
The enterprise payments integration starts with SAP Cloud ERP, with customer proof-of-value programs planned over the coming months.
Tether and Kazakhstan agree to study a tenge stablecoin and tokenization pilot
The memorandum sets out research and pilot proposals with the central bank and Alatau authorities; it does not launch a token.
Abstract sets December 15 shutdown and opens asset migration window
The official notice gives users a deadline to move funds; bridge routes have different delays and security risks.
Rain seeks OCC trust-bank charter for custody and stablecoin services
The proposed New York subsidiary would serve institutions without deposits, consumer accounts or FDIC insurance; approval remains pending.
CMTA recognizes Cardano contract for tokenized shares
The recognition covers equity functions and deployment conditions, while debt certification and the underlying blockchain remain outside its scope.
Solana opens atomic settlement program for institutional trades
The Foundation is seeking design partners ahead of production release; JPMorgan supplied settlement input without endorsing the program.
Payward connects to Gulf bank’s 24-hour dollar settlement network
The Kraken parent’s integration begins with selected institutional clients. Broader currency coverage and bank access to Kraken Prime liquidity are planned.
Circle, Ripple and SC Ventures join OKX’s financing at $25 billion valuation
QRT also joined the extension of March’s ICE-backed round. The investors already supply stablecoin, liquidity and custody infrastructure to the platform.
USDG launches on Arbitrum as DAO weighs a 100 million ARB expansion
Live incentives use DRIP’s current budget. A new proposal would expand funding, treasury deployment and the network’s share of stablecoin economics.
Zcash confirms NU7 testnet activation as mainnet decision approaches
The upgrade tests 25-second blocks and a new fee reserve. October 6 guidance separates the pending mainnet rollout from an immediate Zebra security update.
Japan’s Project Trinity completes stablecoin settlement tests for tokenized securities
Nine firms tested two securities transfers with a trust-type stablecoin. The target is synchronized T+2 settlement, with production work still ahead.
Startale Japan opens bond offering with interest and repayment in JPYSC
The yen stablecoin will handle two interest payments and principal redemption in 2027. Transfer restrictions and corporate credit risk remain.
FinCEN withdraws unhosted-wallet and crypto-mixing rule proposals
Two unfinished rulemakings are closed after privacy and compliance concerns; existing anti-money-laundering obligations remain.
Eurøpe Consortium launches to expand the use of euro stablecoins
Eleven organisations will coordinate around Schuman’s existing EURØP token. Member participation does not guarantee a new listing or integration.
Modern Treasury applies for a national trust bank to add crypto custody
The payments company seeks OCC approval for a separate custody institution. Approval and authorization to open remain pending.
OKXICE publishes plan for a permissioned tokenized U.S. stock market
The OKX–ICE venture outlines 63 symbols, stablecoin trading pairs and issuer opt-outs under the SEC’s conditional exemption.
FinCEN’s A7 transfer proposal opens comments through November 4
Monday’s Federal Register publication covers fiat and crypto transfers involving identified network companies. The rule remains proposed, separate from Treasury’s sanctions action.
Peirce’s last day at SEC leaves crypto rulemaking with Atkins and Uyeda
The Crypto Task Force leader departs October 2 with custody, transfer-agent and permanent tokenized-market rules still on the agenda.