All coverage
The record
Every dispatch, newest first: markets, stablecoin rails, tokenized assets, policy, banking and protocol security.
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Georgia’s Transaction Alley Meets Stablecoins as Fiserv Launches FIUSD Rails
US merchants paid a record $198 billion in card fees last year, adding about $1,200 annually to the average family’s bills. Fiserv now holds both the…
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Natural Capital Tokenization Chases a $700B Gap Wall Street Fled
The New York Stock Exchange’s plan to list nature as an asset class collapsed in January 2024, weeks after 25 state attorneys general called it a…
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Tokenized Carbon Credits Crashed 99%, and JPMorgan Is Trying Again
Researchers at CarbonPlan found the boom’s bridge was reviving old, low-value credits, calling them zombies on the blockchain. Verra, the largest registry, halted the practice in…
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Florida Bitcoin Reserve Bill Returns for 2026 as an Inflation Hedge
Venezuela’s inflation hit about 172 percent in 2025 and Argentina’s reached 124 percent in 2023. Miami’s Venezuelan and Argentine communities lean on stablecoins to protect savings…
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Tokenized Royalties Hit $1.2B Against a $61T Intangible-Asset Market
In January 2026 the SEC confirmed that revenue-sharing royalty tokens meeting the Howey test are securities, regardless of the blockchain wrapper. Most platforms now gate access…
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Delaware Crypto Firms Exit as Tokenized Shares Boom Offshore in 2026
Delaware wrote the law allowing blockchain shares in 2017, eight years before the market existed. Almost none of the $1.8 billion in tokenized stock uses it;…
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Tokenized Trade Finance Chases a $5T Small-Business Gap Banks Couldn’t Close
Credix raised $100 million by October 2025 to fund Brazilian small-business receivables. An April 2026 IMF note warned that too many competing tokenization platforms could fragment…
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Connecticut Crypto Law Bans a State Bitcoin Reserve as Texas Builds One
Hartford insurers already tap a catastrophe-bond market worth $63.9 billion by early 2026. In April, Schroders Capital and Hannover Re closed the first live reinsurance deal…
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Tokenized Deposits Keep FDIC Insurance as a Dozen Banks Build Shared Network
The Clearing House’s RTP and CHIPS networks already move more than $2 trillion daily. The busiest tokenized deposit platform handles roughly a quarter of one percent…
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State-of-Crypto: Colorado Crypto Tax Program Draws 48 Payments in 2024 Despite First-Mover Status
The 48 payments totaled just $17,544, run through PayPal’s crypto hub for a fee. In Denver, burglary made up 96 percent of cannabis-industry crime in 2022,…
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Tokenized Bonds Go Sovereign as UK Lines Up First G7 Digital Gilt
A traditional sovereign bond requires a $100,000 stake, out of reach for individuals. Tokenization can cut that to $30, the World Economic Forum notes, letting diaspora…
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State-of-Crypto: California Crypto Law Takes Effect July 2026 With $100,000 Daily Fines
California’s Office of Administrative Law disapproved the DFPI’s draft rules in May, even as regulators fined crypto lender Nexo $500,000 for loans to more than 5,400…