TradFi & Fintech

The $1.78 trillion asset manager stands up a dedicated institutional crypto unit, extending a platform that already includes the BENJI tokenized money-market fund and a proposed pair of dividend-into-bitcoin ETFs.

Morgan Stanley's amended S-1 filings for its spot Solana and spot Ethereum trusts name BNY Mellon and Coinbase Custody as joint custodians, set a 0.14% sponsor fee, and reserve the tickers MSOL and MSSE on NYSE Arca. Both products include staking provisions.

Former New York governor Andrew Cuomo will co-chair a joint venture between OKX and NYSE owner Intercontinental Exchange with ICE futures-exchanges chief Trabue Bland. Cuomo has advised OKX on policy since 2022, spanning the exchange's $504 million DOJ settlement. The venture is the consumer-facing wedge of ICE's $25 billion strategic tie-up with OKX.

Coinbase announced plans for what it calls the first tokenized U.S. stocks backed 1:1 by actual shares, with automatic on-chain dividend distribution. The exchange described the product as 'no derivatives, no IOUs,' a direct contrast to the synthetic equity structures currently dominating on-chain equity trading.

BlackRock listed the iShares Bitcoin Premium Income ETF (BITA) on Nasdaq, overlaying a covered-call strategy on IBIT to generate monthly income while capping upside participation.

Singapore largest bank will let retail customers buy, hold and trade tokenized gold backed by 1 gram of physical bullion stored in a DBS vault, launching via its digibank app in H2 2026.

Binance has activated its tokenized-equity layer, converting live stock positions on its brokerage platform into BNB Chain tokens tradable around the clock. The first five bStocks include Nvidia, Tesla, Circle, Micron, and Sandisk.

Citigroup is making tokenized interests in private companies available to wealth-management and institutional clients on SIX Digital Exchange, the Wall Street Journal reported. The bank has already completed its first transaction and is in talks with additional private firms.

Binance's direct stock-trading platform drew more than 80% of its first-week volume from emerging markets, with assets under management crossing $400 million within seven days. The 2% share of TradFi-referenced perpetuals volume positions the June 1 launch as a distribution play for underserved retail users.

Robinhood Securities has received approval to serve as an IPO underwriter, CEO Vlad Tenev announced Tuesday, positioning the zero-commission broker to compete directly with Wall Street banks on the mega-IPO pipeline.