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wall street is tokenizing itself
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European banks are building their stablecoin stack
On April 8, UBS, PostFinance, Sygnum, Raiffeisen, Zürcher Kantonalbank, and BCV launched a joint CHF stablecoin sandbox with Swiss Stablecoin AG. On April 9, ClearBank Europe became the first Dutch credit institution to secure MiCA approval as a CASP.
174: Goldman's first Bitcoin ETF

Deutsche Börse bought its way into US crypto stack
On April 14, the operator of Frankfurt exchange, Deutsche Börse AG, dropped $200M for a 1.5% stake in Kraken, exactly six weeks after Kraken quietly became the first crypto firm in history to receive a Federal Reserve master account.

Wall Street's trust bank sprint
On March 25, 2026, EDX Markets Holding Company filed with the Office of the Comptroller of the Currency to charter EDX Trust, National Association, as a de novo national trust bank.
173: iran chose bitcoin

SoFi is now a stablecoin bank
SoFi Bank, N.A. launched SoFi Big Business Banking, a regulated enterprise platform that unifies fiat currency, stablecoins, and select cryptocurrencies under a single nationally chartered bank on Solana.

the first on-chain M&A
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172: four rules, five days

Arizona is lending its Bitcoin
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Europe's $2.3T manager went on-chain
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Morgan Stanley is building a full-stack crypto bank
Morgan Stanley is transitioning from a distributor of third-party crypto products to a direct issuer and platform provider.
171: NYSE and Nasdaq pick sides

who owns the agent economy?
On March 18, 2026, Stripe and Tempo co-released the Machine Payments Protocol, an open specification for machine-to-machine payments.

Wall Street just put stocks on a blockchain
On March 18, the SEC approved Nasdaq to trade and settle U.S. equities as blockchain tokens.
Mastercard, PayPal, Stripe

the SEC sorts its tokens
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Mastercard acquired BVNK for $1.8B
Coinbase had a $2 billion offer on the table in November 2025.

Florida's stablecoin bill
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