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.

The British banking giant remains skeptical of cryptocurrency and will not allow clients to purchase crypto with the bank’s credit card after June 27.

Nano Labs’ stock briefly surged 60% following the announcement.

Banking and payments titan Fiserv is entering the stablecoin race with its own token designed for regulated rails.

Backed by Ripple, the XRPQ fund has launched with 0% management fees.

The financial firm is making HYPE its primary reserve asset as part of a broader move into DeFi.