The crypto treasury game is quickly evolving as companies like Sonnet accumulate altcoins for their reserves, signaling a shift to more diverse crypto strategies.

Last week, the firm announced BNY Mellon will be the custodian of RLUSD’s reserves.

A growing number of crypto firms have applied for banking licenses or are thinking of doing so as TradFi and crypto continue to mingle.

Robinhood’s tokenized stock rollout is raising eyebrows, as OpenAI distances itself and some suggest the stock tokens may actually operate in a “walled garden.”

The Bitcoin mining-focused company is now turning to Ethereum as a treasury asset.

If approved, Circle would be permitted to act as its own custodian and also hold digital assets on behalf of institutional partners.

“Owning crypto is no longer a speculative position; failing to do so is,” said the founder of Edelman Financial Engines, which has $300 billion in AUM.

The approval may pave the way for the staking of other ETF assets, such as ETH and BTC.

The financial services provider released a flurry of headlines at its keynote event in Cannes, including its own native blockchain.

The new order directs the mortgage giants to consider crypto held on U.S. CEXs as assets in mortgage risk assessments.