Infrastructure Timeline

First digital-asset bank to gain direct access to US payment infrastructure, giving Kraken direct Fedwire settlement without intermediary banks.

Payment Stablecoin Act clears Senate Banking Committee, establishing first federal licensing framework for stablecoin issuers above $10B circulation.

Comprehensive guidance addresses registration, custody requirements, and transfer agent obligations for blockchain-based securities issuance.

Japan's largest bank debuts institutional-grade tokenized real estate product targeting domestic pension funds.

European Central Bank expands digital euro pilot to 5 additional member states with retail CBDC functionality.

Major custodian bank brings institutional money market fund on-chain, enabling 24/7 settlement.

Project Ion demonstrates same-day settlement for US Treasury securities using distributed ledger technology.

New guidance allows qualified custodians to hold tokenized securities without additional licensing requirements.

Tokenized Treasury fund becomes the largest on-chain money market vehicle globally.

Cross-border tokenized bond issuance framework goes live across ASEAN markets.