Bank

A limited master account proposal filed May 20 shifts settlement risk from private banks to the Federal Reserve, and that changes the math on every institutional tokenization build in progress.

A pan-European stablecoin coalition has crossed the network density threshold that makes interbank settlement self-reinforcing, and the ECB is not leading it.

South Korea's largest bank ran a live won-stablecoin test before the rules exist, and that sequence is the whole story.

By absorbing Zodia Custody and forecasting $4 trillion in tokenized assets by 2028, Standard Chartered is staking a claim to the custody layer that the entire tokenized finance system must pass through.

The FCA and Bank of England's coordinated May 2026 moves remove the last structural barrier to institutional tokenization in the UK, and that changes the competitive map between London, New York, and Singapore.