In a historic move for the financial market, BlackRock is integrating its tokenized fund (BUIDL) into the Uniswap ecosystem. The initiative challenges the status quo by proving it is possible to unite the agility of DeFi with rigorous eligibility and governance controls.
Introduction Blockchain technology has matured from an experimental innovation into a critical layer of modern financial and economic infrastructure. Digital assets—from cryptocurrencies and stablecoins to tokenized securities and central bank digital currencies (CBDCs)—are reshaping the way value is stored, transferred, and governed. In its ongoing initiative “The Future...
Introduction The financial sector is undergoing one of the most profound transformations since the digitization of trading in the 1980s: the tokenization of real-world assets (RWAs). Tokenization, the process of representing ownership of assets on distributed ledgers, promises to enhance market efficiency, democratize access, and improve transparency. Yet it also...
Introduction Total Value Locked (TVL) has become one of the most cited metrics in decentralized finance (DeFi). Market commentators, analysts, and even institutional investors use TVL to gauge the scale of DeFi activity and the health of specific protocols. Yet the Bank for International Settlements (BIS), in its Working Paper...
Introduction Global adoption of digital assets has introduced new layers of complexity to cross-border capital flows. Bitcoin, Ether, and stablecoins represent the backbone of both retail and institutional activity in crypto markets. Their movement across jurisdictions raises important questions about monetary sovereignty, regulatory arbitrage, and systemic risk. The BIS Working...
Introduction Stablecoins have evolved from niche technological experiments to instruments of growing relevance in the global financial ecosystem. By 2025, their role as settlement infrastructure, value transfer vehicle, and bridge between traditional and decentralized markets has reached an inflection point. BIS Bulletin No. 108 analyzes this expansion, highlighting associated risks,...
The GENIUS Act creates the first U.S. federal framework for stablecoins, setting reserve, licensing, and consumer protection standards. It marks a milestone for regulators and institutions, paving the way for institutional DeFi adoption.
Stablecoin policy discussions in early 2026 are increasingly centred on the permissibility of yield, the competitive boundary between private and public money, and the implications for banking-sector funding. Disagreement in the United States Senate over whether stablecoins should be allowed to pay yield has stalled the broader market structure bill,...
Several governments, including Hong Kong, Thailand, and the Marshall Islands, are now piloting or deploying tokenized debt instruments and onchain social benefit programs. The drivers are operational efficiency, lower settlement costs, and improved auditability. Yet the policy and supervisory challenges—particularly around AML, sanctions, data governance, and beneficiary identification—remain...
The integration of Chainalysis Hexagate’s real-time threat detection into the MegaETH environment marks a meaningful maturity step for scalable onchain systems. While the offering is framed for developers, its implications extend to institutional DeFi markets, where demand for continuous security monitoring has intensified. The availability of machine‑learning‑driven...
The February 2026 filings by Yorkville America Equities for the Truth Social Bitcoin and Ether ETF and the Truth Social Cronos Yield Maximizer ETF represent an incremental but meaningful evolution in the structure of U.S. digital asset exchange-traded products. The products combine price exposure with staking-derived income streams and...
Recent comments from BlackRock’s digital-assets head highlight an increasingly visible structural tension: leverage-driven volatility in crypto derivatives markets is eroding the asset class’s credibility among conservative allocators. The episode is unfolding amid substantial ETF outflows, sharp price declines across major assets, and the first practical deployments of onchain...
Recent public commentary from market participants, including Nic Carter, has raised concerns about the pace at which Bitcoin developers are addressing quantum computing risk. While the probability of a near-term quantum attack remains debated, the institutional footprint in Bitcoin has expanded sufficiently that governance friction now carries measurable market, operational,...
