Banks Embrace Tokenized Deposits Wave
Banks launch tokenized deposit platforms while Congress advances securities tokenization framework. While CLARITY's stablecoin yield language unloved by banks and crypto alike
Market Moves
Franklin Templeton taps Ondo Finance to tokenize five equities and gold ETFs
Franklin Templeton partners with Ondo Finance to tokenize five equity and gold ETFs, targeting crypto-native investors who prefer accessing traditional investments through digital wallets rather than conventional brokerage accounts.
BitGo teams with ZKsync to build tokenized deposit infrastructure to bring banks onchain
BitGo teams with ZKsync to build tokenized deposit infrastructure specifically designed to bring traditional banks onchain, targeting institutional adoption of blockchain-based banking services.
Regulation & Policy
Stablecoin yield language unloved by banks and crypto alike
Draft legislative language for stablecoin yield circulating among stakeholders includes extensive exceptions to yield bans, failing to satisfy both traditional banks and crypto firms as negotiations continue on market structure legislation.
https://www.americanbanker.com/news/stablecoin-yield-language-unloved-by-banks-and-crypto-alike
US lawmakers hash out tokenized securities concerns in latest hearing
US lawmakers examine tokenized securities regulations in congressional hearing, with industry executives advocating that existing investor protection frameworks should apply to blockchain-based securities.
https://cointelegraph.com/news/us-lawmakers-tokenized-securities-concerns
Delaware Moves to Establish State Framework for Stablecoin Issuers
Delaware proposes comprehensive stablecoin licensing framework as part of first major banking code overhaul since 1981, positioning the state to attract digital asset firms with regulatory clarity.
https://decrypt.co/362254/delaware-establish-state-framework-stablecoin-issuers
ECB board member calls for digital euro
ECB board member calls for digital euro implementation to support European tokenization, arguing that interoperability and central bank settlement are essential for scaled adoption.
https://www.finextra.com/newsarticle/47489/ecb-board-member-calls-for-digital-euro
Chairman Selig Announces Formation of New Innovation Task Force
CFTC Chairman announces formation of new Innovation Task Force to address crypto, AI, and prediction markets, signaling expanded regulatory focus on digital asset derivatives and emerging technologies.
https://www.cftc.gov/PressRoom/PressReleases/9201-26
Research & Analysis
Tether’s Landmark Fundraise on Hold as Crypto Giant Seeks Audit
Tether Holdings pauses plans to raise up to $20 billion while awaiting results of its first full financial audit, a critical step that could revive one of the most anticipated fundraisings in digital assets.
Piero Cipollone: The digital euro: preparing for a potential launch
ECB Executive Board member Piero Cipollone outlines preparations for a potential digital euro launch, emphasizing the need for central bank money as the settlement anchor for tokenized financial markets.
https://www.ecb.europa.eu//press/key/date/2026/html/ecb.sp260324~66f71f7577.en.html
Australia’s central bank backs tokenization as pilot finds $16.7B upside
Reserve Bank of Australia finds tokenization could generate $16.7 billion in annual benefits, with central bank backing tokenized finance as potentially “revolutionary” for financial infrastructure efficiency.
Tokenized Money
BMO, UK’s Monument Bank join the tokenized deposit train
Bank of Montreal and UK’s Monument Bank launched tokenized deposit initiatives, with BMO introducing a cash platform and Monument partnering with Midnight Foundation for retail deposit tokenization on public blockchain.
https://www.americanbanker.com/payments/news/bmo-u-k-based-monument-announce-tokenized-deposits
Murex and Quant embed tokenised deposits into capital markets infrastructure
Murex and Quant forge a strategic partnership to embed institutional-grade tokenized deposits into core trading, risk, and post-trade capital markets workflows, bridging traditional finance infrastructure with digital assets.