U.S. Asset Managers Position for Stablecoin Flows Ahead of GENIUS
Morgan Stanley, BlackRock, and JPMorgan are all building money market funds aimed at the regulated stablecoin reserve market under the GENIUS Act. The three differ sharply on how far the underlying infrastructure should be tokenized, and the OCC has not yet decided how far the rules will allow
State Street Launches Its First Onchain Cash Management Product
First announced in December last year and developed in partnership with Galaxy Asset Management, the Liquidity Sweep Fund (SWEEP) is a tokenized private liquidity fund designed to enable 24/7 onchain cash management via stablecoins.
Stripe-Backed Tempo Pushes Enterprise Expansion with New Upgrades
Over the past weeks, the Stripe-backed Layer-1 network Tempo has unveiled a series of key updates. First, the team introduced a new set of protocol features designed to support enterprise-grade payment workflows. Second, major financial players such as Visa and Zodia Custody have joined the network as its first external validators.
Will Aave Win? Unpacking the Major Changes at DeFi’s Largest Protocol
Over the last few weeks, DeFi's leading lending protocol Aave has undergone its most significant technical and organizational overhaul in recent years.
Ethena Moves Beyond Crypto in Search of Higher Yields
The plan is to expand USDe’s collateral mix beyond crypto-native yield sources such as DeFi lending into new asset classes like institutional lending and real-world credit to reignite supply growth.