- Crypto Exchanges Achieve, and Seek, OCC Charters; Stablecoin Study Published - Reports Provide New Data, Analysis on Tokenized RWA Markets - Treasury NPRM Addresses Issuing Stablecoins Under State-level Regimes - US Central Bank Publishes FAQ on Capital Treatment of Tokenized Securities - Enforcement Actions Target Crypto Exchange Hack, Unregistered Exchange - DEX Hacked for $280 Million; Whitepaper Highlights Quantum Computing Threats A major U.S. cryptocurrency exchange recently announced that it has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter. According to a blog post by the company, the conditional approval positions the exchange “to build the next chapter of finance with the regulatory confidence that our partners, customers, and the broader market need.” The same exchange also recently announced an integration with Chainlink “to bring its premium exchange data underpinning billions in trading activity onchain” and recently announced a partnership with Better, an online mortgage lender, to launch crypto-backed mortgages. In related news, EDX Markets, an institutional crypto exchange, has reportedly submitted an application to the OCC to establish a national trust bank. If approved, EDX reportedly plans to offer crypto custody, asset management and trade-settlement services under the trust bank charter. And in a final notable item, the International Monetary Fund (IMF) recently published an IMF working paper that examines “whether financial market participants, in aggregate, expect stablecoins to play an important role in payments.” According to an IMF press release, among other things, the paper finds that “U.S. legislation supporting the use of stablecoins in payments reduced the market value of listed incumbent payment firms by 18% or approximately $300 billion, consistent with stablecoins increasing competition in the payments sector.” For more information, please refer to the following links: - Coinbase Receives Conditional OCC Approval: