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Crypto
Coinbase, Superstate to launch stablecoin yield fund in second quarter
Coinbase and Superstate will launch an institutional stablecoin credit fund called the Coinbase Stablecoin Yield Fund, or CUSHY. The fund is designed to let institutions invest in stablecoin-based lending and credit strategies through a fund structure. It is the first external fund issued via Superstate’s new platform, FundOS, and is targeted for a second-quarter launch. Northern Trust Hedge Fund Services will manage the fund.
Crypto
Standard Chartered considers folding parts of Zodia Custody business into investment bank
Standard Chartered is reviewing a plan to bring parts of Zodia Custody, a crypto custodian in which it holds a majority stake, into its investment banking unit. The bank is considering moving Zodia’s custody business into an in-house team that provides related services within its corporate and investment bank, while leaving Zodia to operate independently as a software-as-a-service platform for digital asset custody. A restructuring announcement could come this month.
Crypto
Korea crypto corporate market opening reshapes alliances between finance and exchanges
South Korea’s push to open the corporate digital-asset market is reshaping cooperation between local crypto exchanges and financial institutions. Partnerships are expanding beyond real-name account arrangements into wealth management, FX remittances and custody infrastructure. Mirae Asset is seeking management control of Korbit via an affiliate, while Bithumb and Korea Investment & Securities plan joint wealth services. Dunamu and Hana Financial Group are working on stablecoin-based overseas remittances. The Financial Services Commission is preparing to outline its roadmap in 2026.