Simon Alexander Legge

Freeman City London; Liveryman W. Co. Int'l Bankers
TradFi→DeFi: Tokenising RWAs: Energy • Infra • Resources
Utility x Liquidity = Capital
Onwards & Upwards!

[Simon Alexander Legge @SAlexanderLegge]

Next wave inbound is RWAs; will make the meme-coin era look like a raindrop on a hot stone v. the tsunami coming.

Now is the False Calm,
the lull of the tides receding
waters flee farther than memory dares

The Old World bares its bones
in the hush before the roar
as the black wall rises, epoch ending

[Simon Alexander Legge @SAlexanderLegge]

New York’s Department of Financial Services @NYDFS just released updated regulations for $USD payment stablecoins, aligning with the federal GENIUS Act while keeping its stricter standards.

Key highlights:

• 1:1 reserves with full redeemability at par

• No rehypothecation or interest payments

• Mandatory risk management programs

• Monthly transparency reports + audits

• 1-year transition for existing issuers

Another major step for regulated stablecoin innovation.

https://t.co/g7J0eF30kn

[Simon Alexander Legge @SAlexanderLegge]

New York’s Department of Financial Services @NYDFS just released updated regulations for $USD payment stablecoins, aligning with the federal GENIUS Act while keeping its stricter standards.

Key highlights:
• 1:1 reserves with full redeemability at par
• No rehypothecation or interest payments
• Mandatory risk management programs
• Monthly transparency reports + audits
• 1-year transition for existing issuers

Another major step for regulated stablecoin innovation.

https://t.co/g7J0eF30kn

[CoinDesk @CoinDesk]

LATEST: New York's financial regulator has proposed its first formal stablecoin regulations, updating its 2022 framework to align with the federal GENIUS Act ahead of a 60-day public comment period.

[CoinDesk @CoinDesk]

LATEST: New York's financial regulator has proposed its first formal stablecoin regulations, updating its 2022 framework to align with the federal GENIUS Act ahead of a 60-day public comment period.

[Ash Crypto @AshCrypto]

BREAKING: Japan is set to pass new crypto laws that regulate digital assets like stocks.

The plan is to lower crypto taxes, set clearer trading rules, and open the door to new products like crypto ETFs.

Global adoption is happening fast.

[Vivek Sen @Vivek4real_]

CNBC REPORTED THAT WALMART WILL NOW ACCEPT BITCOIN, ETHEREUM, AND OTHER CRYPTO PAYMENTS IN-STORE FOR ITS 1 BILLION MONTHLY CUSTOMERS.

THIS IS ACTUAL ADOPTION.

[Coin Bureau @coinbureau]

🚨JAPAN'S $7 TRILLION BANKING GIANTS TO JOINTLY ISSUE STABLECOINS BY 2027

Japan's three largest banks- Mitsubishi UFJ, Sumitomo Mitsui, and Mizuho, managing more than $7T in assets, will jointly launch stablecoins by March 2027, per Reuters.

Backed by Japan's Financial Services Agency, the move brings trillions of dollars in traditional banking power onto blockchain rails.

[Eleanor Terrett @EleanorTerrett]

🚨NEWS: Administration officials will host law enforcement groups at the White House Wednesday as part of ongoing efforts to address concerns that certain provisions in the Clarity Act, including developer protections derived from the Blockchain Regulatory Certainty Act, could make it harder to combat illicit finance, according to three sources familiar with the meetings.

The issue, along with ethics, remains one of the major sticking points that must be resolved before lawmakers can bring the bill to the Senate floor. Several Democrats have signaled they will not support the legislation unless law enforcement believes its concerns have been adequately addressed.

The meetings come on the heels of a broader industry push to win support for the bill from lawmakers and law enforcement, including a town hall and a fly-in featuring former law enforcement officials now working in crypto.

[Simon Alexander Legge @SAlexanderLegge]

Remember:

[Simon Alexander Legge @SAlexanderLegge]

In case you missed it, all the news that's new on $SOL

@solana leading global financial markets on-chain:

Solana led all chains in RWA net inflows (excluding stablecoins) in May 2026 with $716M, per @RWA_xyz

@Mastercard launched always-on 24/7 intraday stablecoin settlement

$CAD Stablecoins now available from @Paytrie enable Canadian domestic-currency rails

more:
👉👉
https://t.co/xJiuQyImQj

[Solana @solana]

Mastercard introduced always-on stablecoin settlement on Solana, Backpack announced a tokenized brokerage, and $716M of RWA capital flowed in last month, more than any other network. While the market looked one way, the institutions and builders kept shipping.

Here’s everything that happened:

📰 Headline News

- @Mastercard introduced always-on stablecoin settlement on Solana

- @Backpack announced Backpack Securities, merging traditional brokerage with Solana-native tokenization

- @SolanaFndn launched native Subscriptions and Allowances for delegated spending and recurring billing

📰 Launches

- @moonpay introduced the MoonAgents Desktop App, connecting ChatGPT or Claude so AI agents can pay onchain

- @sunrisedefi, @MeteoraAG and @BedrockFndn teamed to launch Dynamic Assets

- @SolanaFndn announced dedicated support for teams building fully onchain perpetuals and supporting infrastructure

- @bulktrade activated Season 1 with pre-deposits now open

- @ORE deployed a quantum-safe smart wallet to secure ORE holder and staking assets from quantum threats

- @craftsdev introduced equity-linked tokens, enabling onchain exposure to real company outcomes

- @useDecal debuted Decal Treasury, featuring automated yield engine that funds integrated corporate loyalty programs

- @axelar went live on Solana to enable cross-chain messaging and programmable asset transfers

- @PhoenixTrade launched mobile trading and cross-chain deposits

- @raikucom activated rkuSOL, an LST that routes three distinct streams of AOT and JIT auction revenue back to stakers

- @JupiterExchange rolled out TCG credit features on Jupiter Offerbook, utilizing @phygitals and @Collector_Crypt

- @moonshot released Moonshot Packs, bringing physical trading card experience onchain

- @packs_supply launched a collectibles SOV that rewards stakers with physical packs

- @Paytrie expanded the Canadian dollar stablecoin to Solana

- @strongholdpay expanded its SHx token network to Solana via @axelar

- @paj_cash debuted v2 of its payment platform, enabling account-based Web3 off-ramps

- @lava_xyz released Lava Card, a zero-annual-fee Visa debit card

- @Dyadnum launched a WhatsApp-native trade engine to streamline cross-chain asset routing

- @UmbraPrivacy launched its privacy-focused web interface

- @zodial_xyz shipped a portfolio-margin lending protocol

- @Certora formally verified Solana’s P-token upgrade

- @MonkeFoundry opened Cohort 2 applications, closing June 12

- @BitRobotNetwork announced applications for its robotics laboratory program

- @jaileddotfun launched Jailed, an onchain prison simulator game deployed on Solana

- @gachasports shipped a sports-led gacha platform

- @predikt_gg announced bringing cross-market access and leverage to @solana prediction market users

- @rektdrinks released SOL Berry, a Solana-themed sparkling water

📰 Milestones

- @solana led onchain collectibles markets with ~60% of total volume

- @Raydium crossed $2B in cumulative trading volume for tokenized equities

- Solana recorded the largest RWAs net capital inflow across chains in May crossing $716M

- @KASTxyz won Best Digital Assets Fintech at BeInCrypto Institutional 100 Awards

- @kamino's xStocks market surpassed $30M in total market size

- @solanamobile crossed 1K live apps on the dApp Store

- @helium_mobile, the consumer carrier built on Helium's Solana-based network, was acquired by Andrew Yang's @joinnoblemobil

If you enjoyed this week’s newsletter, please share it with an RT.

[Simon Alexander Legge @SAlexanderLegge]

@SenLummis Keep up the great work!

[Simon Alexander Legge @SAlexanderLegge]

@mert Keep up the great work!

[Simon Alexander Legge @SAlexanderLegge]

@dom_kwok @GoldmanSachs @blackstone THIS👆

[Simon Alexander Legge @SAlexanderLegge]

Today being Friday…

[Cointelegraph @Cointelegraph]

🇺🇸 JUST IN: A key US House committee is preparing to drop crypto tax legislation as early as Friday, Bloomberg reports.

The bills will cover staking, mining rewards, and aim to bring digital assets in line with traditional securities tax rules.

[Simon Alexander Legge @SAlexanderLegge]

@dom_kwok BOOM!

[Simon Alexander Legge @SAlexanderLegge]

@dom_kwok @kwok_phil How was it?

[Simon Alexander Legge @SAlexanderLegge]

@dom_kwok @easya_app @michaelsikand @MorningBrew @kwok_phil Looking good bros!

When back in London, free to meet? DM

[Simon Alexander Legge @SAlexanderLegge]

https://t.co/hVeSgxfe4j

[Simon Alexander Legge @SAlexanderLegge]

https://t.co/7nyoTJGklX

[Simon Alexander Legge @SAlexanderLegge]

With CLARITY advancing and imminent,

It is good to note the advancement of GENIUS

And possibly the most important commercial stablecoin development no one is talking about:

At KyribaLive 2026, @kyribacorp — the leading enterprise treasury platform — just went all-in on stablecoins.

They announced live USDC integration with @circle, putting digital dollars directly inside corporate treasury workflows.

Treasury teams can now:
•Settle cross-border & intercompany payments in near real-time
•Access 24/7 liquidity
•Manage USDC alongside traditional cash — without leaving their existing systems

This isn’t a pilot or roadmap item.

It’s available now (June 2026) via Kyriba Elevate.

They also launched a co-branded professional certificate with @AFPonline to train treasurers on stablecoins — first 500 customers get it free.

Translation: One of the biggest enterprise treasury platforms just made stablecoins a core, production capability.

Not crypto.

Not DeFi.

Boring, regulated, enterprise-grade treasury infrastructure.

This is how stablecoins are going mainstream: by embedding into the systems CFOs and treasurers already trust.

USDC-first today.

The rest of the ecosystem will have to catch up.

The quiet enterprise adoption era for stables just started.

Most people missed it.

Did you know?

Do you know what’s coming next?