The UK Treasury has chosen HSBC Orion for its Digital Gilt Instrument pilot. $ME
This could make the UK the first G7 country to issue sovereign bonds on a blockchain. $BERA
The pilot will test distributed ledger technology for government debt. The goal is to build DLT infrastructure and boost adoption in UK financial markets.
HSBC says digital gilts could speed up settlement times and modernize debt markets.
The banking lobby says conditional charters tied to unfinished bills like the GENIUS Act could grant crypto firms Fed access before rules are fully defined. $BERA
"Once these firms get Fed access and national licensing, we will be talking about skipping the whole middle layer - no SWIFT, no correspondent chains, just native, regulated settlement" $TNSR
HOUSE DEMOCRATS SLAM SEC CHAIR ATKINS OVER CRYPTO ENFORCEMENT PULLBACK $ME
Democratic lawmakers accused SEC Chair Paul Atkins of easing crypto enforcement, particularly in cases tied to President Trump, eroding investor trust and damaging SEC’s credibility. $TNSR
TETHER MAKES STRATEGIC INVESTMENT IN LAYERZERO LABS
Tether announced a strategic investment in LayerZero Labs, the interoperability infrastructure provider behind USDT0, strengthening its cross-chain capabilities. $AXS $GHST