The incoming Trump administration will have clean slates as far as regulating U.S. securities and commodities markets as Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (CFTC), announced on January 7 that he will be stepping down from his position on January 20 with his final day being Friday, February 7. Behnam was… Read More >>
Singapore Bank Scores a First via Tokenized Bonds
A bank in Singapore, OCBC, has scored a first with the launch of bespoke tokenized bonds to corporate accredited investors, a major step forward for Singapore’s efforts to promote the usage of tokenized assets. “The tokenized bonds, which reference investment grade bonds, are structured based on the client’s desired tenor and yield. They are then… Read More >>
Broadridge & CCRI Target Crypto Sustainability Compliance
A collaboration between Broadridge Financial Solutions and the Crypto Carbon Ratings Institute (CCRI), a provider of sustainability data on digital assets, is slated to deliver an integrated communications, data, and disclosure generation platform intended to help European exchanges, brokers, and asset managers meet new sustainability reporting requirements, officials say. The integration brings together CCRI’s sustainability… Read More >>
Trump’s SEC May Be Less Aggressive On Fines
(The Trump team is moving fast to get its cabinet nominees in order and Paul Atkins, a former SEC commissioner under President George W. Bush, has been tapped to head the SEC. If Atkins wins the approval of the U.S. Senate, he will succeed Gary Gensler who steps down on Inauguration Day. FTF News asked… Read More >>
CFTC Mulls Ops Changes for Non-Cash Collateral
The Commodity Futures Trading Commission (CFTC) is mulling recommendations that would not need to become rules but would lead to operational changes governing the use of non-cash collateral for margin requirements and might pave the way for more clarity in the regulation of digital assets for U.S. markets. The CFTC permits using non-cash assets as… Read More >>
Is the SEC at a Digital Assets Crossroads?
(SEC Chair Gary Gensler will be stepping down from the top spot for the U.S. regulator on January 20, 2025, which means the new Trump administration will be looking for a replacement. Trump is likely to name a chairperson who has a more favorable stance toward digital assets and would be far less aggressive than… Read More >>
A Glimpse at Gary Gensler’s Legacy
With the second Trump administration coming to power in January, Gary Gensler, chair of the Securities and Exchange Commission (SEC), is unlikely to be a part of the new team. During the campaign, Trump stated that he would replace Gensler. In fact, multiple media outlets have recently reported that Trump’s transition team is searching for a replacement… Read More >>
ATSes Hit Their Stride via Innovation & Flexibility
Two new reports suggest that Alternative Trading Systems (ATSes) are hitting their stride as financial services firms move to private markets, embrace digital securities, and need innovations for their liquidity and investment explorations. An ATS “is a trading venue that is more loosely regulated than an exchange,” according to the Investopedia website. “ATS platforms are… Read More >>
TP ICAP Taps StanChart’s Digital Asset Custody Services
The London-based cross-border bank Standard Chartered and interdealer TP ICAP report that they plan to connect their digital assets offerings. The new collaboration will help common clients access Standard Chartered’s digital asset custody product and TP ICAP’s Fusion Digital Assets, a U.K.-based spot crypto-asset exchange, according to the announcement. The interdealer broker operates TP ICAP… Read More >>
DTCC Hopes R&D Sandbox Fosters Digital Assets Ecosystem
The Depository Trust & Clearing Corp. (DTCC) is attempting to clear a path to a functional digital asset ecosystem that is as safe as the one in place for conventional securities trading. To get there, the post-trade market infrastructure provider is unveiling the “DTCC Digital Launchpad,” described as “an industry sandbox intended to bring together… Read More >>
