Search results for U.S. Treasury securities
Crypto
Financial sector \'digital asset alliance\' spreads as firms build infrastructure ahead of regulation
As debate continues in South Korea over regulating digital assets, financial firms are accelerating efforts to secure related infrastructure. Banks, securities firms and asset managers are moving beyond investment and cooperation with exchanges to widen ties with global blockchain foundations, real-world asset companies and token securities platforms. Industry participants are signing partnerships and making equity investments, while firms also examine stablecoin, tokenisation and distributed-ledger infrastructure as they prepare for competition after formal rules are set.
Crypto
Former BIS head who targeted stablecoins signals shift, says they should coexist with fiat money
Agustin Carstens, former general manager of the Bank for International Settlements, has eased his stance on stablecoins and publicly mentioned the possibility of their coexistence with fiat money. Speaking at the Point Zero Forum, he said stablecoins could contribute to financial innovation, inclusion and lower costs, and called for conditions enabling coexistence. Analysts say the BIS stance has not changed, as it continues to warn of trust and stability risks.
Crypto
State Street launches money market fund for stablecoin issuers\' reserves
State Street has launched a money market fund for stablecoin issuers to manage reserve assets. The product is designed to align with the U.S. GENIUS Act and uses a government money market fund structure under Rule 2a-7, investing in assets such as U.S. Treasuries and repurchase agreements. State Street Bank and federally chartered crypto bank Anchorage Digital joined as initial investors. Financial firms are speeding product development as the stablecoin market expands.
