Deutsche Boerse Integrates SocGen Stablecoins into Settlement Business

At Binance’s Blockchain Week in Dubai (Dec. 3–4), Ripple CEO said stablecoins are gaining recognition, signaling growing institutional and regulatory attention. His remarks highlight potential momentum for on‑chain payments and firms working with fiat‑linked tokens, including XRP.

BlackRock executives told investors tokenization is the key to integrating crypto with mainstream finance, pointing to the firm's scale and its $2.8 billion tokenized cash market fund as proof of commitment. They see tokenized assets easing settlement and expanding access for institutional clients.

Representative Stephen Lynch pressed Fed governor Michelle Bowman about remarks she made on digital assets at a November conference in Madrid, sparking a heated exchange as lawmakers debated oversight. The hearing highlighted growing congressional frustration over regulatory gaps for stablecoins.

Kraken announced it will acquire Switzerland-based Backed Finance, the tokenization firm it has already partnered with on its xStocks tokenized equity product. The deal aims to deepen Kraken’s real-world asset capabilities and expand its tokenized equity offering.

Chinese authorities have opened a fresh crackdown on stablecoins, tightening rules and enforcement that hit issuers and cross‑border flows. Observers warn the moves could be about control or part of a broader push that heightens geopolitical currency tensions.