Digital Assets & Tokenisation Insight Brief
Jito Labs Launches JTX Self-Custodial Trading Platform on Solana
Jito Labs, the team behind JitoSOL and the Jito Block Engine, has announced the launch of JTX, a self-custodial trading platform designed for the Solana network. Unveiled by CEO Lucas Bruder at Solana Accelerate in Miami, JTX aims to provide professional-grade execution and order types on-chain. The platform allows users to maintain full custody of their assets while accessing features typically associated with centralised exchanges, such as resting limits, brackets, OCO, and stop orders, alongside persistent TradingView charting.
The initial launch supports spot trading for verified Solana assets and Real World Assets (RWAs), with plans to expand into perpetuals and prediction markets. JTX is positioned to capture high-volume trading that currently occurs on centralised exchanges or competing blockchains. Its revenue model aligns with the existing Jito Protocol architecture: 80% of protocol revenue flows to the protocol, benefiting JTO token holders through fee-sharing, while the remaining 20% is reinvested into product development. The waitlist for early access is now open.
SIX Receives FINMA Approval to Integrate Digital Asset Services and Launch Crypto Custody
The Swiss financial infrastructure provider, SIX, has secured approval from the Swiss Financial Market Supervisory Authority (FINMA) to merge its digital central securities depository, SIX Digital Exchange AG, into SIX SIS AG. This strategic consolidation integrates digital and traditional asset services into a single legal entity, establishing a unified foundation for post-trade services across diverse asset classes.
In addition to the merger, SIX has been authorised to provide crypto custody services through its licensed Central Securities Depository. This development represents another step in the evolution of regulated institutional market infrastructure, allowing financial institutions to manage crypto assets within the same framework used for traditional securities.
By connecting traditional and digital assets through a single, scalable post-trade environment, SIX aims to reduce systemic complexity and streamline the management of digital holdings for market participants.
HQLAX Secures Strategic Funding from Broadridge and Digital Asset
HQLAX, a digital collateral mobility specialist, has secured strategic minority investments from Broadridge Financial Solutions and Digital Asset as part of its Series C–1 funding round. This capital injection is intended to accelerate the company’s growth and facilitate the ongoing development of its technology platform. As part of the transaction, representatives from both investing firms will join the HQLAX Board of Directors, pending regulatory approval from the Commission de Surveillance du Secteur Financier (CSSF).
The partnership focuses on enhancing technical interoperability within securities finance. Key initiatives include a planned migration to the Canton Network and closer collaboration with Broadridge’s Distributed Ledger Repo (DLR) platform. These moves aim to streamline regulated market use cases and improve the mobility of digital collateral across the global repo and securities lending sectors.
By leveraging these new investments, HQLAX continues to expand its ecosystem of bank and market infrastructure partnerships. The firm remains focused on driving the adoption of digital solutions to improve efficiency in global financial markets. All strategic developments and board changes remain subject to standard oversight from the CSSF.
SIX Brings European Equities Data Onchain via Chainlink Oracle Network
SIX has made equities data from its exchanges available onchain for the first time through an integration with Chainlink’s DataLink publishing service. The arrangement covers equities listed on SIX’s exchanges in Switzerland and Spain – representing over €2tn in market capitalisation – and makes the data accessible to more than 2,600 applications across 75-plus public and private blockchains within the Chainlink ecosystem. The integration is currently live on testnet, with mainnet deployment expected later this year.
SIX has been one of the more active traditional exchange groups in digital asset infrastructure, notably through its digital asset central securities depository. The Chainlink integration extends that positioning into onchain data distribution, opening potential use cases including tokenised indices, structured products, compliant DeFi applications, and prediction markets built on regulated equity market data.
The move reflects a broader trend of regulated data providers exploring blockchain-native distribution channels as tokenisation of traditional asset classes accelerates. Chainlink’s existing institutional relationships – its partners include Swift, Euroclear, DTCC, and S&P Dow Jones Indices – position DataLink as an emerging conduit between conventional market data infrastructure and onchain environments.
STS Digital Becomes First Principal Derivatives Dealer Integrated on BitGo’s Go Network
STS Digital has launched as an exchange partner on BitGo’s Go Network for Off-Exchange Settlement (OES). This integration allows institutional clients to trade digital asset derivatives directly with a principal dealer while keeping their assets secured in BitGo’s regulated custody. Previously, the OES model was limited to connecting clients with exchanges; this update enables direct dealer-to-client execution without the requirement to prefund accounts or move assets out of independent custody.
Under this arrangement, clients access STS Digital’s liquidity for over 400 tokens, including vanilla and exotic options, spot, and structured products. Regulated by the Bermuda Monetary Authority, STS Digital provides two-way pricing and global coverage via UI, API, or voice channels. The model is designed to separate custody from execution, reducing counterparty risk by ensuring that client assets remain segregated from both the dealer’s balance sheet and the exchange environment.
Arcesium Partners with Feynman Point Asset Management to Unified Multi-Asset Infrastructure
Arcesium, the financial technology provider, has formed a partnership with Feynman Point Asset Management (FPAM) to provide a unified infrastructure for digital and traditional assets. FPAM, an investment firm focused on digital asset markets and frontier technologies, will utilise Arcesium’s reconciliation solutions to manage its expanding investment landscape within a single ecosystem.
The partnership enables FPAM to support enhanced settlement cycles and scale its operations as the business grows. By implementing Arcesium’s Reconciliation platform, the firm gains real-time transparency and automated exception management. This allows for the rapid identification of data discrepancies and operational risks across varied asset classes, streamlining workflows and strengthening overall risk management, according to the company.
CME Group to Launch Avalanche and Sui Futures
CME Group is expanding its cryptocurrency product suite with the introduction of Avalanche (AVAX) and Sui (SUI) futures. Scheduled for launch on 4th May subject to regulatory approval, these new contracts aim to provide market participants with increased flexibility and capital efficiency. The offering includes both standard and micro-sized contracts to cater to a broad range of investors, with AVAX units set at 5,000 and 500 tokens, and SUI units at 50,000 and 5,000 tokens respectively.
The expansion comes amid significant growth in CME Group’s digital asset markets, which saw March average daily volumes rise by 19% year-on-year, reaching approximately $8 billion in daily notional value. Industry leaders from Volatility Shares and Plus500US have welcomed the move, noting that it addresses the rising institutional demand for regulated, sound products in the high-growth crypto sector.
These new contracts join a growing list of recently added derivatives, including Cardano, Chainlink, and Stellar. Furthermore, CME Group has confirmed that starting 29 May, its cryptocurrency futures and options will transition to 24/7 trading. This shift is designed to enhance market accessibility and allow global customers to manage risk more effectively across evolving digital asset markets.
T-REX Network and Zama Partner to Integrate Privacy Encryption into Tokenised Asset Infrastructure
T-REX Network, a multi-chain orchestration layer for real-world assets (RWAs), has partnered with Zama to integrate Fully Homomorphic Encryption (FHE) into the T-REX Ledger. This collaboration aims to resolve a primary barrier to institutional blockchain adoption: the lack of data privacy on public ledgers. By using Zama’s FHE technology, the T-REX Ledger will allow smart contracts to process data without decrypting it, ensuring that sensitive investor information and trading strategies remain confidential while benefiting from public infrastructure.
The initiative is supported by Apex Group, which services $3.5 trillion in assets and has committed to using the T-REX Ledger as its default infrastructure. The group has set a target of $100 billion in tokenised assets by June 2027. The project builds upon the ERC-3643 standard, which currently secures $32 billion in assets. By combining this standard with native confidentiality, the partnership provides a scalable, compliant, and privacy-preserving foundation designed to move regulated financial markets on chain.
The T-REX Ledger operates as a neutral Layer 2 blockchain, acting as a single source of truth for digital securities across multiple chains. This integration allows financial institutions to move away from isolated private blockchains toward interoperable public networks without compromising operational security. The partnership represents a significant step in establishing confidentiality as a core component of institutional financial infrastructure, rather than an optional feature.
NYSE and Securitize Partner to Develop Tokenised Securities Infrastructure
The New York Stock Exchange (NYSE), a subsidiary of Intercontinental Exchange, Inc., has entered into a collaboration with Securitize to advance the development of tokenised securities markets. Under a Memorandum of Understanding (MOU), Securitize has been named the first digital transfer agent eligible to mint blockchain-native securities for corporate and ETF issuers on the NYSE’s forthcoming Digital Trading Platform.
The partnership focuses on establishing regulatory, operational, and technological standards for institutional-grade tokenisation. As a premier design partner, Securitize will assist in developing a digital transfer agent program designed to support on-chain settlement. This initiative aims to define how transfer agent infrastructure maintains official ownership records and manages corporate actions while ensuring tokenised assets meet the rigorous standards of traditional financial markets.
In addition to its role as a transfer agent, Securitize Markets is expected to join the Digital Trading Platform as a broker-dealer participant. This broader collaboration is intended to strengthen the market structure for issuer-sponsored tokenised securities, leveraging Securitize’s experience as an SEC-registered platform to integrate blockchain technology with global capital markets.
Investec Joins BPX as First Member of Digital Securities Marketplace
BPX, the UK FCA-authorised institutional venue for issuing, trading and lending traditional and tokenised alternative assets, has announced that Investec has become the first member of its digital securities marketplace. This milestone marks the beginning of institutional participation as BPX moves towards live market operations, with additional institutions progressing through onboarding.
Investec will connect to BPX through its electronic trading platform ZebrA-X, which provides clients with a single point of access to multiple trading venues and liquidity pools. The integration will enable Investec’s clients to access BPX’s securities marketplace through a unified electronic environment whilst maintaining familiar trading workflows. BPX is among a select group of firms admitted to the joint Bank of England and FCA Digital Securities Sandbox, where it is developing infrastructure to support digital assets and helping to lay the foundations for a more efficient, transparent and digitally native market structure.