Ethena has expanded its custody framework with Kraken, Anchorage and Zodia to safeguard about $5 billion in stablecoin assets as backing shifts into treasury assets. The move is designed to add institutional-grade custody and reassure markets amid the protocol's asset transition.
Hong Kong’s Financial Services and the Treasury Bureau (FSTB) and Securities and Futures Commission (SFC) will introduce new licensing rules for virtual asset dealers and custodians, expanding the city’s digital-asset regulatory framework beyond its stablecoin roadmap and tokenization guidance. Regulators say the move aims to bolster oversight and support institutional participation in the market.
BitGo has added Lightning Network support to its qualified custody platform in New York, letting institutional clients make significantly faster and cheaper Bitcoin payments directly from custody. The integration aims to combine Layer 2 payment speed with a regulated custody environment.
SBI Digital Markets, regulated by the Monetary Authority of Singapore, will act as institutional custodian and provide segregated custody for XRP client assets. The move is part of Ripple’s broader effort to build yield-bearing institutional products for Asian markets.
Standard Chartered and Coinbase are broadening their partnership to build institutional trading, custody, and financing solutions aimed at asset managers and corporate clients.
The OCC has granted conditional approvals allowing Paxos, Fidelity, Ripple, BitGo and Circle to operate as national trust banks under federal oversight. The move could bolster custody, stablecoin and settlement services as each firm completes OCC conditions.
Standard Chartered and Coinbase announced a collaboration to build institutional-grade trading, prime brokerage, custody, staking, and lending solutions. The partnership blends Standard Chartered’s global client reach with Coinbase’s crypto infrastructure to target banks, asset managers, and hedge funds.
As more Bitcoin moves into private wallets, family courts are finding they cannot seize coins without access to private keys, creating enforcement gaps in divorce and asset division cases.
SpaceX shifted another 1,021 BTC (≈$94.5M) through Coinbase Prime, bringing its recent transfer total to 8,910 BTC as it consolidates custody. Arkham shows some previously identified SpaceX coins now at different addresses, while Tesla still holds 11,509 BTC (~$1.24B).
South Korean exchange Upbit will move an additional 1% of user deposits into cold storage, increasing offline holdings from 98% to 99%. The change is intended to reduce hot-wallet exposure and strengthen custody security for users.