YZi Labs Invests in Digital Asset to Advance Institutional Blockchain Adoption

YZi Labs has participated in Digital Asset’s $135 million Series E funding round, joining established financial institutions such as Goldman Sachs, Citadel Securities, and DTCC. The investment supports Digital Asset’s development of enterprise-grade tools for regulated markets and underlines YZi Labs’ commitment to enhancing infrastructure for institutional blockchain adoption, particularly in mature markets like the U.S.

Digital Asset is the developer of the Canton Network, a public Layer 1 blockchain designed with configurable on-chain privacy. As of June 2025, Canton supports tokenised real-world assets with a TVL in the trillions, including over $1.5 trillion in monthly U.S. Treasury repo activity. The network includes nearly 400 participants and addresses key barriers to blockchain use by regulated financial institutions. The funding will aid in expanding Canton’s infrastructure, accelerating onboarding, and enabling broader interoperability across global markets.

BPX Gains FCA Authorisation for MTF, AIFM, and Crypto Services; Advances Toward Live Operations

BPX has received regulatory authorisation from the UK’s Financial Conduct Authority (FCA) to operate as a Multilateral Trading Facility (MTF), Alternative Investment Fund Manager (AIFM), Cryptoasset Exchange, and Custodian Wallet Provider. These approvals support BPX’s plan to build an institutional-grade, fully integrated marketplace for the full lifecycle of securities – including issuance, trading, and collateralised lending – covering both traditional and tokenised assets.

The company has also become the only FCA-authorised trading venue to pass Gate 1 of the Bank of England and FCA’s Digital Securities Sandbox (DSS). With regulatory permissions secured, BPX is now preparing for live operations and is engaging institutional participants ahead of its inaugural transaction. Its distributed ledger-based platform aims to enhance access and liquidity for issuers and investors by enabling scalable tokenisation and broadening capital market opportunities.

Nasdaq Integrates Blockchain Capabilities into Calypso Platform for Enhanced Collateral Management

Nasdaq has announced the integration of blockchain-based workflows into its Calypso platform via the Canton Network, in partnership with QCP, Primrose Capital Management, and Digital Asset. This initiative demonstrates how on-chain technology can enhance collateral mobility and management across all asset classes for institutional clients. The integration aims to support real-time, automated 24/7 margin and collateral operations, covering crypto derivatives, fixed income, and both exchange-traded and over-the-counter derivatives.

This development marks a step forward in Nasdaq’s drive to modernise financial infrastructure by enabling more efficient capital allocation and redeployment of collateral across markets. It aligns with Nasdaq’s broader strategy to expand its digital asset capabilities and support institutional adoption of blockchain technologies. Calypso’s expanded functionality now bridges traditional finance with digital markets, positioning Nasdaq to meet the growing demand for capital efficiency in an always-on global financial system.

Digital Asset Secures $135 Million to Advance Canton Network Expansion

Digital Asset has raised $135 million in a strategic funding round led by DRW Venture Capital and Tradeweb Markets, with participation from leading firms across traditional and decentralised finance, including Goldman Sachs, BNP Paribas, Circle Ventures, and Citadel Securities. The investment supports the expansion of the Canton Network, a public, permissionless Layer-1 blockchain designed for institutional-grade compliance and configurable privacy.

The capital will be used to accelerate the tokenisation and integration of real-world assets such as bonds, commodities, and life insurance products onto the Canton Network. The round also strengthens partnerships with key institutions involved in the network’s development and governance. With nearly 400 participants already engaged, Canton aims to bridge traditional finance and blockchain technology through scalable, privacy-focused infrastructure.

Partior Joins OSTTRA and Baton Systems’ PvP Settlement Network to Expand Tokenised FX Capabilities

OSTTRA and Baton Systems have announced that Partior has integrated with their on-demand payment-versus-payment (PvP) settlement network, enabling financial institutions to settle foreign exchange (FX) transactions using tokenised commercial bank money. This development adds to the existing fiat settlement options and supports 24/7 on-demand FX settlement in tokenised currencies including USD, EUR, and SGD, enhancing liquidity management and capital efficiency.

With this integration, institutions gain access to an expanded, live settlement ecosystem backed by Baton’s distributed ledger technology, which has processed over $13 trillion in FX settlements. The network now supports programmable atomic PvP with flexible options to combine fiat and tokenised money across currency pairs. This interoperability allows participants to better align settlement processes with liquidity needs across global time zones while reducing pre-funding burdens.

Proof Group Launches First-Ever Block Explorer for the Canton Network

Proof Group, specialists in digital assets and emerging technologies, has announced the launch of the first block explorer for the Canton Network, the public blockchain for the financial industry. The new tool offers real-time access to transactions, participant activities, and network performance. Key features include balance histories, validator monitoring, actor profiles, and a live feed of network activity, with future updates set to add tokenomics tracking, governance insights, and application usage metrics.

Built with proprietary technology, the Canton Block Explorer aims to set a new standard for transparency in private blockchain environments, delivering functionality comparable to public tools like Etherscan but tailored to Canton’s privacy-focused structure. Proof Group plans to expand the platform with an Applications Layer, offering deeper insights into decentralised finance and enterprise activities on the network.

SEC Launches Crypto Task Force to Provide Clarity on Regulatory Framework

Acting U.S. Securities and Exchange Commission (SEC) Chairman Mark T. Uyeda has launched a new crypto task force aimed at establishing a comprehensive and transparent regulatory framework for digital assets. Commissioner Hester Peirce will lead the initiative, with Richard Gabbert, Senior Advisor to the Acting Chairman serving as the task force Chief of Staff, and Taylor Asher, Senior Policy Advisor to the Acting Chairman, assuming the role of Chief Policy Advisor.

The task force will work across SEC divisions and engage with stakeholders to define clear regulatory parameters for crypto assets. Historically, the SEC’s approach to crypto regulation has been largely enforcement-driven, often leading to uncertainty for industry participants. The initiative seeks to address challenges related to compliance, registration, and disclosure by offering practical solutions and clearer guidelines.

“I look forward to the efforts of Commissioner Peirce to lead regulatory policy on crypto, which involves multiple SEC divisions and offices,” said Acting Chairman Uyeda.

Commissioner Peirce emphasized the importance of broad stakeholder engagement, stating, “This undertaking will take time, patience, and much hard work. It will succeed only if the Task Force has input from a wide range of investors, industry participants, academics, and other interested parties. We look forward to working hand-in-hand with the public to foster a regulatory environment that protects investors, facilitates capital formation, fosters market integrity, and supports innovation.”

In addition to developing regulatory clarity, the task force will collaborate with other federal and international regulatory bodies, such as the Commodity Futures Trading Commission (CFTC), to ensure a coordinated approach. The initiative will also provide technical assistance to Congress as it considers updates to existing legislation.

Public engagement will be a cornerstone of the task force’s efforts, with future roundtables planned to facilitate dialogue. In the interim, stakeholders are encouraged to share their insights via Crypto@sec.gov.