Settlement

Hut 8 has agreed to pay $2.35 million to resolve investor allegations that it failed to disclose operational problems tied to a key mining venture acquired in its 2023 merger with U.S. Bitcoin Corp. The deal still needs court approval and closes a securities class action that followed a sharp share price drop in early 2024.

Ophelia Snyder argues that tokenization can improve settlement and asset movement, but major financial institutions still lack the operational plumbing to support it at scale. She says the real challenge is not blockchain throughput, but compliance, reporting and risk controls.

Anchorage Digital is rolling out a new platform to help banks issue and manage tokenized deposits on blockchain rails. The move targets round-the-clock settlement while avoiding major changes to core banking systems.