Cayman Islands

The Digital Asset Market Clarity Act has hit a difficult stretch in the Senate as ethics language, election-year timing and regulatory design concerns weigh on its path forward. Market participants say the bill could improve token classification and disclosures, but its practical value may depend on clearer definitions, coordinated agencies and revisions after launch.

Keyrock has acquired the trading and brokerage assets of BlockFills' institutional digital asset business, strengthening its presence in crypto capital markets. The transaction adds derivatives expertise, client relationships, technology and regulatory reach as institutional demand for advanced crypto trading products continues to build.

IRACE Digital has rebranded from FundBank and acquired Cayman Islands-based Tenet Bank to broaden its institutional banking footprint. The move brings digital asset banking clients and new custody, liquidity and execution ambitions under former Zodia Custody chief John Cronin.