Franklin Templeton

Zerohash, the crypto infrastructure provider behind digital asset services for major financial firms, plans to resubmit its national trust bank application after the OCC returned its initial filing. The company says the move does not affect current operations and expects a narrower application to receive swift review.

Cardano gained ground this week as broader crypto participation improved, while Canton and Stellar remained under pressure. Bitcoin dominance stayed steady, ETF inflows were positive, and traders are watching whether the market’s breadth repair can hold.

The Senate’s failure to pass the CLARITY Act leaves a fast-growing digital asset market operating without a comprehensive federal framework. As major financial institutions advance tokenization efforts, the debate is shifting from crypto policy to broader market resilience.

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.

BlackRock, Fidelity, Franklin Templeton, Goldman Sachs and SoFi have publicly supported the Digital Asset Market Clarity Act, adding pressure on Congress to advance crypto market structure legislation. The push comes as Senate negotiators weigh revised text, Wall Street divisions over stablecoin rules, and a narrow window before the August recess.

Mubadala Capital has launched a tokenized version of a private markets strategy for qualified investors using KAIO infrastructure. The fund is live across Base, Solana and Sui, has attracted about $75 million in onchain assets, and has drawn balance sheet exposure from Coinbase.

Autonomous AI agents are expected to need fast, programmable payment systems as they begin buying services, data and computing resources with limited human input. That shift is putting blockchain networks and crypto assets back into the discussion as investors search for the next phase of the AI trade.

A Broadridge survey of North American financial services executives shows tokenization has moved from experimentation toward strategic planning across Wall Street. Firms are largely preparing for hybrid market infrastructure where digital tokens and traditional assets coexist rather than a fully onchain replacement of existing systems.

Franklin Crypto CIO Seth Ginns says institutional engagement with digital assets is building even as market prices remain under pressure. He pointed to tokenization, stablecoins, regulatory clarity and stronger token economics as potential drivers of renewed institutional demand.

Securitize shares have fallen roughly 40% since the BlackRock-backed tokenization firm completed its SPAC merger. Market participants say the decline reflects post-SPAC trading dynamics and caution around recent crypto-linked public listings rather than a clear deterioration in fundamentals.

Fidelity rolls out its Digital Interest Token on Ethereum, surpassing $200M. Ondo Finance emerges as the primary holder, fueling the $7.5B tokenized U.S. Treasuries boom.