Digital Assets & Tokenisation Insight Brief
FIX Trading Community Releases Free ‘Blockchain Basics’ Manual for Finance Professionals
The FIX Trading Community has launched “Blockchain Basics”, a comprehensive, vendor-neutral manual designed to help finance professionals integrate digital assets and blockchain technology into traditional systems. Developed in partnership with QUBIC Labs, the guide bridges the gap between decentralized finance (DeFi) and traditional finance (TradFi) by covering core concepts, regulatory contexts, tokenisation, and workflow impacts.
The publication addresses a long-standing information gap in the industry, offering the first single source of education on implementing DeFi tools within existing infrastructures. Because virtually all trading firms rely on the FIX Protocol, this resource centralises the necessary information for firms evaluating digital asset products.
Available for free on the FIX website, the manual is accompanied by a newly published set of recommended practices. This additional guidance assists firms with the technical implementation of digital asset workflows and trading.
STS Digital Ltd. Secures Full Digital Asset Business Licence from Bermuda Monetary Authority
STS Digital Ltd. has been granted a Full ‘F’ Licence by the Bermuda Monetary Authority (BMA) under the Digital Asset Business Act 2018. This represents the highest level of regulatory authorisation in the jurisdiction, placing the firm alongside major institutional entities such as Circle, Coinbase International, and Payward. The milestone marks the final stage of the BMA’s rigorous licensing pathway, making STS Digital one of only a few companies to have successfully completed the entire transition from testing to full graduation.
The firm’s regulatory journey spanned three years, beginning with a Test Licence in May 2023. This was followed by a Modified Licence in April 2025, culminating in the Full ‘F’ Licence on 30 April 2026. By progressing through every stage of the framework, STS Digital has demonstrated compliance with one of the world’s first comprehensive digital asset regimes.
Bermuda remains a premier international financial hub, boasting Solvency II equivalence with the European Union and hosting the third-largest insurance market globally. The BMA’s oversight provides a robust institutional foundation for digital asset businesses, ensuring high standards of transparency and security within the sector. This approval reinforces STS Digital’s position within a highly regulated global marketplace.
DTCC to Integrate Chainlink Technology into Digitally Native Collateral AppChain
The Depository Trust & Clearing Corporation (DTCC) has announced it will leverage the Chainlink Runtime Environment (CRE) and Chainlink’s data standards to power its new Collateral AppChain platform. This shared infrastructure is designed to modernise collateral mobility and improve capital efficiency across the global financial services industry. By integrating the CRE, the platform will gain access to a resilient data and orchestration layer, facilitating automated workflows for complex post-trade processes including valuation, margining, and collateral optimisation.
The partnership aims to overhaul global market risk management by enabling the seamless pairing of asset prices and valuations with asset movement. Unlike traditional one-off integrations, the CRE provides a reusable framework, allowing the Collateral AppChain to scale efficiently across diverse asset classes and new data types. This interoperable foundation is intended to serve a wide range of market participants, from collateral providers and managers to triparty agents and custodians. Following its initial unveiling during the ‘Great Collateral Experiment’, the platform is scheduled to go live in the fourth quarter of 2026.
LMAX Group Launches Kiosk to Facilitate Institutional Digital Asset Collateral
LMAX Group has introduced Kiosk, a fully hosted interface designed to help institutional clients manage digital assets as cross-asset collateral. The portal allows users to deposit assets directly into LMAX Custody, where they can be instantly deployed to trade a variety of instruments, including spot FX, precious metals, digital assets, CFDs, and perpetual futures. By providing a secure and integrated environment, the platform aims to help firms broaden their digital asset offerings with minimal technical friction.
The solution is engineered to reduce operational fragmentation by consolidating essential treasury and security functions into a single workflow. Key features include tools for deposits and withdrawals, API credential management, and WalletConnect integration. By streamlining these processes, Kiosk enables institutions to access deep liquidity across the LMAX ecosystem more efficiently.
This launch addresses the increasing global demand for institutional-grade digital asset infrastructure. By simplifying the transition between custody and active trading, the platform helps clients unlock new revenue opportunities while maintaining rigorous security controls. The initiative reinforces LMAX Group’s position as a provider of integrated marketplace solutions for the evolving cross-asset landscape.
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.