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Blockchain
US accounting board FASB proposes conditions for stablecoins as cash equivalents
The FASB said secondary-market liquidity alone would not be enough, with holders needing direct issuer redemption rights and one-to-one liquid reserves.
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Toyota Finance opens tokenized bonds to retail investors via mobile payment app
Retail investors can apply to buy the 1 billion yen bond without a securities account and receive perks through Toyota’s payment app.
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Kraken Launches US Stock Trading Across European Economic Area
Kraken has launched trading in more than 7,000 US-listed stocks for customers in the European Economic Area (EEA), expanding its traditional finance offering…
South Korea’s Jeonbuk Bank taps Ripple for cross-border payments
Ripple is bringing its cross-border payments platform to Jeonbuk Bank, but key details including its launch status and settlement asset remain undisclosed.…
Harmony plans rollback, wiping 109,000 transactions after ONE exploit
Harmony said selectively restoring transactions could create inconsistent chain state, as Ravencoin faces a separate rollback dispute after an exploit.
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Chainalysis Challenges $95M ICE Contract With TRM Labs
Blockchain analytics company Chainalysis has sued the United States government over an Immigration and Customs Enforcement (ICE) decision to award a sole-source…
NUSD Redemptions Paused as Neutrl Reviews Reserves
Decentralized finance (DeFi) protocol Neutrl has suspended minting and redemptions for its NUSD synthetic dollar after unspecified circumstances affected protocol…
Figure Loan Marketplace Volume Reaches $4.3B in Q2
Figure Technology Solutions reported $4.3 billion in consumer loan marketplace volume for the second quarter, up 132% from a year earlier, as its quarterly profit…
Robinhood Chain Relies on Uniswap as Liquidity Nears $1B
Robinhood’s partnership with Uniswap is helping the brokerage rapidly build liquidity on its new blockchain, potentially removing a key obstacle to attracting…
MUFG PoC to bring Japanese government bond repo transactions onchain
MUFG’s experiment plans to bring Japanese government bond repo transactions onchain to achieve 24/7 settlement, as well as improved capital and operational…