SEC Custody Rule Opens a Self-Custody Path as Tokenized Stock Volume Outpaces Supply
Today’s Focus
Regulation and data move in parallel. The SEC’s 760-page custody proposal clears a compliant path for institutions to hold digital assets, allowing self-custody and state trust custodians, while the ECB outlined three models for putting central bank money onchain and the CFTC recognized tokenized assets as customer funds. On-chain data, however, shows a caution flag: tokenized stock DEX volume surged to $48.7B in a year while distributed supply stands at only $3.2B.
Industry Flash
10 items
SEC Proposes 760-Page Crypto Custody Rule, Allowing Self-Custody and State Trust Custodians — The proposal builds a custody framework for advisers and regulated funds, permitting self-custody when firms have crypto expertise and no qualified third-party custodian is available; released Oct 1 and now in a 60-day comment window.
SEC Wants Blockchains to Serve as Official Ownership Records for Tokenized Stocks — An on-chain ledger could act as the master securityholder file, cutting reconciliation and bankruptcy title disputes, though transfer agents still keep their control book and transfer log.
Tokenized Stock DEX Volume Jumps to $48.7B in a Year While Distributed Value Sits at $3.2B — Up 10,163.7% year over year with Uniswap leading at $17.1B, but in-flight supply is under 7% of volume, with turnover concentrated in a few names like QQQb.
XRPL Net Inflows Reach $1.1B Over 30 Days, Overtaking Ethereum — RWA.xyz shows XRPL leading major chains while Solana and Base see outflows, driven by payments, tokenization, and settlement use cases.
ECB Sets Out Three Models for Tokenizing Central Bank Money — Schnabel presented direct tokenization, connecting through an interoperability layer, and fully tokenized reserves at the Bank of England’s conference; a Lloyds survey shows 71% of institutions expect tokenization to reshape finance.
On-Chain RWA Market Cap Reaches $38.55B With Over 5.01 Million Holders — RWA.xyz data as of Oct 2 shows market cap down 0.94% month over month while holder count jumped 51.6%, signaling faster new-user entry.
SEC Reportedly Revising KYC So One Authentication Unlocks Tokenized Securities — The move would support composability across venues and platforms, letting users split orders across multiple venues via zero-knowledge identity systems.
CFTC Allows Tokenized Assets to Count Toward Customer Funds Compliance — An updated FAQ lets registered derivatives firms treat tokenized money-market fund shares like traditional assets and does not object to blockchain-based recordkeeping.
21X Group Partners With Circle as a Day-One Launch Partner on Arc — With USDC as gas on the Arc L1, the pair tests tokenized security atomic settlement across the EU and US, settling individual trades in under a second.
Tokenized Treasury Sizes Diverge: BUIDL at $2.25B, USYC at $2.4B — Per rwa.xyz as of Oct 2, BUIDL fell 18.49% to $2.25B while Circle’s USYC reached $2.4B, with most assets sitting on BNB Chain.
发表回复