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Search results for Feb. 19

Crypto

Korean brokerages step up tokenised securities business beyond fractional investing to bonds, funds

Korean brokerages are expanding tokenised securities businesses from account management for fractional investing to issuance infrastructure for bonds, funds and other financial products. The Financial Services Commission said it will pursue phased tokenisation of stocks, bonds and funds, starting in February 2027 with private money market funds, private corporate bonds, unlisted shares using trusts and publicly offered fractional investment securities. Firms are building joint platforms and proprietary systems, while overseas examples are also growing.

Crypto

Tether froze $42 million before court order; David Schwartz defends move

Former Ripple chief technology officer David Schwartz publicly backed Tether’s decision to freeze 42,417,785.62 USDT before a formal court order. The dispute stems from a civil case in the U.S. District Court for the Southern District of New York, where Thai businessmen seek release of the assets and damages. The freeze followed an informal request from U.S. Homeland Security Investigations, while a court order approving seizure was issued about four months later.

Crypto

White House engages industry as Clarity Act wavers and crypto market splits

The dominant theme in digital assets over the past week was the U.S. Digital Asset Market Structure Act, known as the Clarity Act. As the bill stalls, the White House and regulators expanded direct contacts with the industry. In South Korea, a revised anti-money laundering law takes effect on Aug. 20, tightening entry requirements. Markets also tracked bitcoin’s range near $63,000, sharp debate over its outlook, XRP weakness and growing won stablecoin proof-of-concept activity.