The growing interest of institutional investors in cryptocurrencies is allied to rising demand for yield on cryptocurrency investments. This necessitates active management, which creates challenges. Neither Exchange Traded Funds (ETFs) nor conventional mutual funds issued under the Investment Company Act of 1940 (’40 Act funds) can accommodate actively traded cryptocurrency funds.

At the turn of the century a disruptive alternative trading platform called Chi-X competed successfully with the established stock exchanges for order flow by cutting transaction costs dramatically. Blockchain technology has promised a similar revolution for more than a decade but failed conspicuously to deliver. The founders of BPX Digital Securities Marketplace, the digital securities marketplace licensed by the Financial Conduct Authority (FCA) in June 2025, believe they

The Fed, the FDIC and the OCC have confirmed that the capital treatment of tokenised securities and derivatives is the same as non-tokenised equivalents Tokenised securities posted as collateral will also be recognised as a credit risk mitigant on the same terms as the non-tokenised equivalents The capital treatment of a tokenised security is the same, irrespective of whether it is issued on a permissioned or permissionless blockchain. The three Federal banking industry regul

The ECB will accept as collateral for credit tokenised versions of securities and other assets it accepts already The tokenised assets eligible as collateral will initially be non-native only but native assets will become ECB-eligible in future The extension of ECB eligibility to tokenised securities is an opportunity for national and international CSDs with tokenisation platforms The European Central Bank ( ECB ) says it will accept tokenised versions of eligible assets as c

Blockchain-based cross-border payments technology company Ripple has bought prime broker Hidden Road for US$1.25 billion The Ripple Stablecoin RLUSD will facilitate cross-margining between digital assets and traditional markets for Hidden Road customers Hidden Road will migrate its post-trade activity to the XRP Ledger (XRPL), the Ripple blockchain Ripple, the technology company that uses blockchain to speed up and lower the cost of cross-border payments, has acquired non-ban

Circle, issuer of the USDC Stablecoin, says it will support the use of USDC by participants of the Canton Network blockchain The recent acquisition by Circle of the USYC tokenised money market fund means Canton Network users can use USDC in tandem with USYC The USDC-USYC combination will appeal to cryptocurrency firms looking to trade tokenised securities and funds as well as cryptocurrencies Circle says its USDC Stablecoin will be available on Canton Network. It means USDC c