Citi

Citi plans to launch bitcoin custody later this year as part of its new Custody+ platform for institutional investors. The move would allow clients to hold BTC alongside traditional assets within the bank’s broader custody and settlement framework.

Brent and WTI recovered as traders reassessed the likelihood of a quick resolution to Gulf supply disruptions. Fees, vessel restrictions and insurance uncertainty continue to complicate any workable reopening of the Hormuz route.

Tether is expanding its real-world asset tokenization business into Saudi Arabia through a partnership focused on institutional real estate. The initiative gives the USDT issuer a foothold in a market pursuing financial modernization under Vision 2030.

BlackRock has introduced tokenized share classes tied to European money market funds with a combined $311 billion in assets under management. The expansion underscores rising institutional interest in using blockchain infrastructure for cash management and real-world asset transferability.

A group of major global banks has completed real cross-border payments using tokenized central bank reserves and commercial bank deposits in a BIS-led pilot. The test points to growing institutional interest in shared-ledger settlement as banks seek faster, more traceable international payments.

BNY is adding blockchain rails to its transfer agency business, creating an on chain ownership record for tokenized funds while maintaining existing infrastructure. Clients including Baillie Gifford, BlackRock and BNY’s Dreyfus unit are expected to use the service for tokenized fund products.

POSCO International is working with LG CNS to tokenize live trade receivables on the Injective blockchain, using real commercial activity between overseas operations and counterparties. The pilot highlights how South Korean corporates are extending blockchain adoption from funds and stablecoin transfers into trade finance infrastructure.

Tassat is developing Project NENYA, a stablecoin reserve management platform intended to connect regulated issuers with regional and midsize U.S. banks. The initiative is expected to begin pilot activity in the first half of 2027 as stablecoin reserves become a larger focus for mainstream finance.

Transfer agents are pressing U.S. regulators to distinguish issuer-authorized tokenized shares from third-party stock tokens as blockchain-based equities gain momentum. The debate could shape investor rights, market structure and the future of tokenized securities in the United States.

Stablecoin supply has retreated from its May peak, with June marking the largest dollar decline since the Terra-Luna collapse. Market participants say the drop is meaningful for crypto liquidity, though still modest compared with the 2022 bear-market contraction.

Swift is preparing live transaction tests for a blockchain-based shared ledger with 17 major banks, including HSBC, UBS, Wells Fargo and Citi. The platform is designed to support tokenized deposits and regulated digital money while keeping final settlement connected to existing payment rails.

Thomas Sy of New York Life Investment Management says blockchain could help asset managers build customized portfolios at scale. The view comes as stablecoin adoption pushes institutions toward tokenized investment products that can provide yield.