Uzbekistan starts HUMO stablecoin payment pilot with government securities backing
The som-pegged token will be tested with participating merchants as regulators examine reserves, payment infrastructure and consumer safeguards.
Finance News
Banking, payments, tokenization and financial markets.
AUSTRAC Reports Action Against 45 Payment and Crypto Providers
Australia's regulator reports 45 registration actions across remittance and virtual asset businesses, highlighting its earlier GetCoins cancellation.
DBS and Citi Complete Weekend Dollar Payment on Swift
DBS and Citi used tokenized deposits for a weekend US-dollar payment on Swift’s ledger, testing faster transfers between Singapore and New York.
AMC CEO Adam Aron Criticizes Robinhood Stock Tokens
AMC CEO Adam Aron has challenged Robinhood’s tokenized AMC offering, saying the company is not affiliated with it and will seek an external legal review.
Hyperscale Data Ends Bitcoin Mining as BTC Holdings Fall 79%
Hyperscale Data has ended Bitcoin mining at its Michigan facility and reduced its BTC holdings by about 79% while funding an AI data center project.
BitMine Nears 5% of Ethereum Supply After Buying 53,501 ETH
BitMine added 53,501 ETH to its treasury, lifting holdings to 5.9 million Ether, or 4.9% of Ethereum’s supply, despite about $5.1 billion in unrealized losses.
ZeroStack Warns of Going-Concern Risk After $82.5M Crypto Loss
ZeroStack has reversed its earlier liquidity outlook after shifting from a cannabis business to a $401 million 0G crypto treasury strategy. The change highlights the financial risks faced by public companies that rely on digital assets and staking rewards to support their operations.
Russia’s Alfa-Bank Tests Crypto Trading As Digital Asset Rules Advance
Alfa-Bank is testing crypto trading for qualified investors through its Alfa-Investments app. The bank plans to launch broader crypto services after Russia finalizes digital asset legislation, with a possible wider rollout in late 2026.
Trump Delays Housing Bill Signing, Leaving US CBDC Ban on Hold
Trump has delayed signing a housing bill that includes a temporary ban on the Federal Reserve creating a CBDC. The bill also protects certain dollar-backed stablecoins from being treated like a central bank digital currency. The move could raise questions about whether other crypto legislation, including the CLARITY Act, may also face delays.
South Korea Adds Token Securities to Capital Market Reform Plan
South Korea has included token securities infrastructure in a wider capital market reform plan. The country is preparing rules and systems for blockchain-based securities, with the framework expected to take effect in February 2027. The move could bring tokenized securities closer to mainstream financial market infrastructure in South Korea.
Ripple Secures Preliminary MiCA Approval in Luxembourg Ahead of EU Crypto Deadline
Ripple has received preliminary approval for a crypto asset service provider license in Luxembourg ahead of the European Union’s July 1 MiCA deadline. Once finalized, the license will allow Ripple to offer regulated crypto and stablecoin payment services across the European Economic Area, strengthening its position in Europe’s digital asset market.
Big Tech Giants Back X402 Foundation To Standardize AI Agent Payments
Big Tech firms are backing the x402 Foundation to create open standards for AI-powered payments across crypto and traditional systems. The initiative aims to enable AI agents to transact autonomously online. While early activity on the protocol surged, usage has recently slowed as adoption continues to develop.
Stablecoin Demand May Slow As Transaction Speed Rises, Says Standard Chartered
Stablecoin transaction speed has doubled, allowing more activity without increasing supply. Standard Chartered says this could limit future demand for new tokens despite rising usage. Still, the market is expected to grow significantly, with projections reaching $2 trillion by 2028.
Bitgo Expands Canton Coin Services With Trading And Onchain Settlement
BitGo has expanded its Canton Coin services to include trading and onchain settlement alongside custody. The move reflects growing institutional demand for complete infrastructure as tokenized assets gain traction in the financial sector.
Midas Raises $50M To Build Liquidity Layer For Tokenized Assets And Onchain Yield
Midas has raised $50 million to build a liquidity layer for tokenized assets, focusing on faster and more reliable redemptions. The move highlights growing investor interest in solving liquidity challenges within the expanding real-world asset sector.
72% Of Finance Leaders Say Digital Assets Are Now Essential, Ripple Survey Finds
Most finance leaders now see digital assets as essential, not optional. Stablecoins and custody solutions are leading adoption, while firms focus on building the right infrastructure to support long-term use.
Crypto Funding Rises Sharply, But Bigger Deals Are Crowding Out Smaller Investments
Crypto venture funding grew nearly 50% over the past year, but the number of deals dropped sharply as investors focused on larger, late-stage investments. Mega-rounds are increasingly shaping the market, while early-stage startups rely on smaller, more fragmented funding sources.
Bybit Expands Gold And Silver Trading As Demand For Tokenized Commodities Grows
Bybit has launched a new campaign focused on trading gold and silver instruments, including tokenized gold products like XAUT. The initiative highlights rising interest in precious metals within crypto markets and reflects the growing trend of bringing real-world assets onto blockchain-based platforms.