Banks

A 37-bank coalition is not a pilot anymore. It is a bid to own the institutional euro liquidity layer before MiCA closes the window on everyone else.

When a regulator challenges a $668 million bank-crypto equity stake, it is not just one deal at risk. It is the ownership model that tokenization depends on.

When a ratings agency frames tokenization readiness as a competitive risk, the build phase begins whether banks are ready or not.