Japan’s biggest financial institutions are quietly dismantling the correspondent banking system using stablecoins, and the infrastructure is already live. Key Takeaways: Japan’s Payment Services Act, revised in June 2023 and updated through 2026, created the world’s strictest stablecoin issuer rules. Project Pax, backed by MUFG, SMBC, and Mizuho, targets 1 trillion yen in B2B stablecoin
SEOUL, South Korea – December 2025: In a significant development for Asia’s financial technology landscape, KB Financial Group is preparing for high-level discussions with Circle CEO Jeremy Allaire to substantially strengthen their strategic partnership. This meeting, first reported by Maeil Business Newspaper, represents a pivotal moment for digital currency integration within South Korea’s traditional banking
Figure Technology Solutions, a blockchain-based lending platform that went public last year, may be undervalued at current levels as loan originations accelerate and its tokenized credit marketplace scales, according to Bernstein analysts. In a report published Monday, Bernstein assigned Figure an “Outperform” rating and a $67 price target — nearly double the stock’s recent trading
EDX Markets’ bid for a federal trust bank charter is not just another crypto expansion story. It is a live test of whether Wall Street-backed firms can move more of crypto’s custody and settlement stack inside the U.S. banking perimeter. Citadel, Fidelity, and Schwab-backed EDX wants to bring equity market structure to crypto through a
U.S. president Donald Trump said the United States could “take out” Iran in one night amid the ongoing U.S.-Iran war. Trump made these comments in a press briefing, hours before a Tuesday 8 p.m. ET deadline tied to the Strait of Hormuz. The warning follows stalled negotiations, rising strikes, and a direct ultimatum to reopen
Two financial companies have jumped ahead of the competition as the Treasury Department uses Bank of New York Mellon and Robinhood to get a new savings program for American children off the ground. This week, the Treasury declared that BNY has been officially appointed as a federal financial agent to assist with the new Trump
The federal government is preparing to redraw the boundaries of America’s retirement accounts. The US Department of Labor has proposed a new rule clarifying how 401(k) fiduciaries (the employer committees legally responsible for plan investment decisions) should evaluate so-called “alternative” assets, including private equity, private credit, and…digital assets. The proposal came directly out of an
In brief Broadridge is enabling on-chain shareholders to participate in proxy voting via its own Avalanche-based layer-1 network. The firm will first work with Galaxy Digital to allow on-chain holders of GLXY to participate in the firm’s May shareholder vote. Shares in both firms are up on Monday as the broader market rebounds. Tokenized equities
In a series of recent portfolio moves, Cathie Wood sharpened ARK Invest AI exposure while reshaping positions across genomics, logistics, and clean energy names. CoreWeave stake marks major bet on AI infrastructure The most consequential transaction centered on CoreWeave, an Nvidia-partnered cloud infrastructure provider focused on GPU-accelerated data centers for artificial intelligence workloads. Over three
US President Donald Trump’s harsh statements regarding the ongoing war with Iran have increased anxiety in global markets. Trump, pointing to midnight on Tuesday, said that large-scale attacks on bridges and energy infrastructure in Iran were on the agenda. The US leader suggested that a potential operation could take place within a mere four-hour timeframe,