EDX Markets, backed by Citadel, has applied for a U.S. trust charter to offer custody and asset services to institutional clients amid rising demand. Approval would make the exchange a regulated custodian and could help attract larger institutional flows.
Invesco has taken over Superstate’s $900 million on‑chain U.S. Treasury fund, signaling the $2.2 trillion asset manager’s formal entry into the tokenized treasuries market alongside BlackRock and Franklin Templeton. The move accelerates institutional adoption of blockchain-based government bond products.
Peter Thiel’s Founders Fund has exited its ETHZilla Ether treasury position, pointing to market volatility and pressure on its balance sheet. The move highlights wider difficulties for public Ether treasury strategies among institutional holders.
Standard Chartered is preparing to offer a crypto prime brokerage aimed at institutional clients, leveraging its roughly $850 billion in assets. The move underscores growing bank-led infrastructure for institutional crypto access.
Standard Chartered and Coinbase are broadening their partnership to build institutional trading, custody, and financing solutions aimed at asset managers and corporate clients.
Franklin Templeton has linked its Benji tokenization platform to the Canton Network, widening institutional access to regulated on-chain assets. The integration aims to streamline compliant issuance and settlement for tokenized products.