Franklin Templeton digital asset veteran takes helm at StablecoinX
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SEC allows Franklin Templeton funds to invest in onchain money fund
The SEC said it will not pursue enforcement action if Franklin Templeton’s funds start investing cash in the asset manager’s own tokenized money market fund.
UK House of Lords backs mandatory digital asset strategy over Labour position
The amendment would require the UK Treasury to develop a strategy covering cryptoassets, stablecoins, tokenized securities and digital financial infrastructure.
G20 members tout ‘clear pathways’ for digital asset innovation
Officials in the G20, under the US’ presidency, recognized that digital assets could support “broad-based economic growth” and called for improvements in cross-border transactions.
Citadel Securities and DTCC partner as omnichain interoperability protocol LayerZero launches a new exchange, expanding institutional market infrastructure for digital assets.
BWENEWS AI: Citadel Securities and DTCC partner as omnichain interoperability protocol LayerZero launches a new exchange, expanding institutional market infrastructure for digital assets.
Crypto advocacy groups oppose Illinois digital asset tax in court
Following a similar lawsuit filed by the Digital Chamber in July, two digital asset advocacy groups challenged Illinois’ 0.2% crypto tax on constitutional and due process grounds.
Vanguard Group establishes its first head of digital assets position
According to Mars Finance, on July 8th, Vanguard Group, the world's second-largest asset management company (managing approximately $12 trillion in assets), created its first Head of Digital Assets position, responsible for developing the company's long-term crypto and blockchain strategy. This role will assess areas such as tokenization, stablecoins, digital wallets, custody, and blockchain settlement, and determine whether Vanguard should build its own capabilities, partner with external entities, or postpone entry into certain markets. The position requires developing multi-year roadmaps and designing governance and risk frameworks. Vanguard stated that this hiring does not indicate an upcoming launch of crypto products and currently has no plans to issue its own crypto investment vehicles.