Banks Drive Tokenization Forward
Major European banks launch MiCA compliant stablecoins and tokenized deposits while U.S. lawmakers near breakthrough on stablecoin yield regulation. South Korea pilots real-time government bond settle
Market Moves
Societe Generale unit adds MiCA-compliant stablecoin to MetaMask
Societe Generale’s digital unit integrated its MiCA-compliant USD stablecoin into MetaMask, expanding distribution to millions of crypto wallet users in one of the largest bank-backed digital currency initiatives to date.
https://www.theblock.co/post/397490/societe-generale-adds-stablecoin-metamask
Ripple, Kyobo Life Insurance partner to enable tokenized government bond settlement in South Korea
Ripple partnered with South Korea’s Kyobo Life Insurance to pilot tokenized government bond settlement, potentially reducing settlement cycles from two days to near real-time using blockchain infrastructure.
https://www.theblock.co/post/397491/ripple-kyobo-life-insurance
Major European SIX Group stock exchanges feeding data to Chainlink
SIX Group’s Swiss and Spanish stock exchanges began feeding equities market data on-chain via Chainlink, providing institutional-grade market data infrastructure for tokenized asset applications.
Visa deepens blockchain push with Tempo validator node launch
Visa launched a validator node on the Tempo blockchain to directly participate in transaction validation, deepening its infrastructure commitment to stablecoin settlement networks.
Regulation & Policy
Crypto, banks continue Senate bill spat with new proposal concerns: Report
Senator Thom Tillis plans to release draft language this week resolving the stablecoin yield dispute in the CLARITY Act, as both crypto firms and banks resist compromise proposals despite White House pressure.
Virginia updates law to hold unclaimed crypto in-kind for at least one year
Virginia enacted legislation requiring the state to hold unclaimed digital assets in their original form for at least one year before liquidation, providing stronger protections for dormant crypto holdings.
JPMorgan CFO warns stablecoins risk becoming ‘regulatory arbitrage’ play
JPMorgan’s CFO warned that stablecoin yield products risk becoming “regulatory arbitrage” vehicles that could undermine traditional banking regulations and deposit protections.
Research & Analysis
Michael S Barr: Brief remarks on stablecoins
Federal Reserve Vice Chair Michael Barr delivered key remarks on stablecoin risks and regulatory implementation challenges under the GENIUS Act, emphasizing the importance of proper oversight frameworks.
https://www.bis.org/review/r260408b.htm
Piero Cipollone: The digital euro - preparing for a potential launch
ECB Executive Board member Piero Cipollone outlined preparations for a potential digital euro launch, addressing implementation challenges and design considerations for the central bank digital currency.
https://www.bis.org/review/r260407e.htm
Tokenized Money
Bank of Korea governor nominee positive about won-denominated stablecoins
South Korea’s Bank of Korea governor nominee expressed support for won-denominated stablecoins, signaling potential regulatory openness to local currency digital assets alongside CBDC development.