Institutional finance crossed another threshold this week, with legacy exchanges partnering on tokenized equities, major banks building stablecoin infrastructure, and regulators unlocking new market access across Asia and Europe.

🔎 Recent Updates & Developments

– ICE and OKX formed a 50/50 venture to bring NYSE equities onchain for 120M OKX users

– SpaceX signed a $6.3B compute deal with Reflection AI for Colossus 2 data center capacity

– Chainlink joined Project Pangea to build real-time stablecoin FX settlement across a $150B EUR-KRW corridor

– Ripple received preliminary MiCA approval in Luxembourg, unlocking passporting across all 30 EEA countries

– Franklin Templeton acquired 250 Digital, launching Franklin Crypto as a dedicated institutional active crypto division

– SBI Holdings acquired Bitbank and launched JPYSC, Japan’s first trust-backed stablecoin with no transaction cap

– Toss Bank signed an MOU with Solana Foundation to pilot stablecoin cross-border payments on blockchain