Circle has received final OCC approval to establish First National Digital Currency Bank, N.A., a national trust bank operating as Circle National Trust.
A major U.S. regulatory milestone that strengthens USDC infrastructure through federally regulated custody, with reserve management planned as a future capability.
“Federal oversight of our trust bank sets a new standard for transparency, governance, and scale for Circle’s infrastructure and unlocks a new phase of adoption, where leading financial institutions can build on public blockchains with clarity and confidence.” - @jerallaire
https://t.co/RUHGfZIgOB
Solana now has $3.6b of RWAs ochain, up 54% in Q2, and 571% y/y.
- Asset-backed credit and corporate credit account for 33.14%, up 9.3% in Q2 and 525% y/y.
- U.S. Treasuries account for 31.3%, up 36% in Q2 and 239% y/y.
- Private Equity accounts for 18.9%, up 247% in Q2 (there were zero private equity assets onchain at this time last year).
- Public Equities make up 15.2%, up 114% in Q2, and 5724% y/y.
- Commodities make up 0.64%, up 0.9% in Q2, and 797% y/y.
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What's more interesting is that Solana did significantly more RWA trading volume than Ethereum in Q2, despite having just 23% of Ethereum's RWAs onchain.
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We're sharing our full Solana Quarterly Ecosystem update with readers of @the_defi_report tomorrow.
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Implemented in 9 months. Global from day one.
Swift's blockchain-based ledger is ready for use, with ANZ, BNP Paribas, BNY, Citi, DBS Bank, First Abu Dhabi Bank (FAB), FirstRand, HSBC, Itaú Unibanco, Lloyds Banking Group, Mashreq, MUFG, OCBC, Standard Chartered, UBS, UOB and Wells Fargo preparing to pilot 24/7 tokenised cross-border payments.
This is a significant step towards scaling tokenised finance powered by the standards, security and global reach the industry relies on. By combining distributed ledger technology with Swift’s secure messaging network, the ledger:
-Enhances liquidity efficiency
-Improves cash flow visibility
-Enables seamless token recognition
What’s next? This is the first use case. The ledger creates a foundation for future innovation in areas like programmable money and agentic commerce, and we're continuing to explore more use cases with our community - helping to take tokenised money closer to scalable, real-world adoption.
Find out more: https://t.co/wZvKKpB2q8
#Ledger #Tokenisation #CrossBorderPayments
🔥 BIG: Swift unveiled a blockchain-based system for 24/7 cross-border payments, with 17 global banks preparing to pilot live transactions using tokenized deposits.
Everyone has an opinion on why the stock market does what it does.
Earnings. The economy. Who's in the White House. The Fed chair's mood that morning.
Almost all of it is noise.
This chart is 15 years of the Nasdaq 100 plotted against total global liquidity. The correlation is 97%.
When I first saw this I was stunned. A fit this tight meant something much deeper was going on underneath. So I started pulling the thread.
That thread became the Everything Code, the framework I've been building in GMI since 2023. It’s the single most important thing I can teach anyone about how the modern economy actually works.
Zipper (Protocol 27) is now live on Mainnet.
The protocol upgrade introduces authentication delegation for custom accounts and address-bound smart contract address credentials.
Open USD is a new stablecoin for global payments, built to be open and low-cost, and governed by the businesses that use it.
Aave is glad to support it alongside @stripe, @Visa, @mastercard, @coinbase, @Google, and others as more businesses move financial services onchain.
Stablecoins are becoming an increasingly important part of global financial infrastructure.
Today, Mastercard is supporting @openstandard and Open USD - an effort to help build more open infrastructure for digital money.
We believe unlocking the full potential of stablecoins will require trusted networks, broad participation, and collaboration across the industry.
Excited to help build what's next.
Open USD from @openstandard, backed by Visa and Mastercard, is coming to the Stellar network.
Designed with businesses in mind, Open USD is built to scale: open, low-cost, high-throughput, and broadly accessible.
Grand Theft Auto VI is now available to pre-order.
All pre-orders will get the Vintage Vice City Pack, a collection of items that flash back to when the neon burned brightest.
Pre-order now: https://t.co/ENWCnl0nrl