DeFi Development Corp. teams with Kraken, Pantera, and others to create local SOL funds under new “Treasury Accelerator” program.

The bank joins other major financial institutions embracing stablecoins and crypto services as regulations ease and market demand grows.

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.