Regulatory Compliance & Collaboration - The MiCA Crypto Alliance and the UKCBT have jointly responded to the FCA's Consultation Paper CP25/25 regarding the application of the FCA Handbook to regulated crypto-asset activities [1] - The response was endorsed with contributions from Cardano_CF and Cointegrity [1] Key Focus Areas for Firms - Firms preparing for FSMA authorization should focus on governance and conduct, operational resilience, and ESG Sourcebook [1] - Governance and conduct require independent oversight mechanisms and clearer standards for automated and algorithmic trading, aligning with MiFID II RTS 6 [1] - Operational resilience should recognize quantum transition risks and incorporate cryptographic-agility assessments and scenario exercises [2] - ESG requirements should be applied proportionately, using transparent sustainability methodologies already established under MiCA [2]

DeFi Insurance Model - Mintara Labs founder Sree Sanakkayala presented on-chain insurance and risk transfer in DeFi at the DLT Seminar Series [1] - A two-token framework (senior/lower-risk and junior/higher-risk) can enable decentralized risk transfer and pricing via DEXs [2] - This model could form the basis of a transparent, automated market for blockchain-based insurance [2] Challenges and Considerations - Pricing, liquidity, and user experience are key challenges for on-chain insurance [2] - Simplicity and strong security in smart contract design are crucial [2]

Team Alignment & Vision - Exponential Science Engineering Team successfully held a 3-day offsite in 2025 [1] - The team aligned on Engineering and Architecture Vision [1] - Meaningful OKRs (Objectives and Key Results) were set for the year ahead [1] Collaboration & Innovation - The offsite focused on exploring innovation, data, and team processes [1] - The event fostered connection, creativity, and collaboration among team members [1][2] - Team bonds were strengthened through shared activities and discussions [2]

Regulatory Environment - UK regulatory clarification states staking is not considered a collective investment scheme [1] - This clarity fosters a more supportive environment for innovation and institutional engagement in digital assets within the UK's blockchain sector [1] Investment Opportunities - Professional investors in the UK can now invest in products like Binance Earn Returns [1] - The UK CBT welcomes the opening up of such opportunities in the digital asset space [1]

Blockchain Investment & Adoption - Global banks participated in 345 investments in blockchain companies from 2020 to 2024 [1] - Over $100 billion (USD) has been invested in blockchain companies since 2020 [1] - 90% of finance leaders anticipate a "significant or massive" impact from blockchain by 2028 [1] Tokenized Assets Projection - Projected volume of tokenized assets is expected to reach $19 trillion (USD) by 2033 [1] Report Collaboration - UK CBT partnered with Ripple and CB Insights on a joint report about traditional financial institutions investing in blockchain [1]

Blockchain Security Incidents - From 2012 to 2025, 84 notable blockchain security incidents were analyzed [1] - Wallet attacks resulted in $7 billion (十亿) in losses, highlighting the importance of wallet design [1] Wallet Design and Vulnerabilities - A new 8-axes framework is proposed for classifying and evaluating wallet designs [1] - A survey identified 33 vulnerabilities across hardware, software, custodial, and non-custodial solutions [1] Custodial Wallet Model - A novel shared custodial wallet model is introduced for institutions, enabling secure, compliant multi-party access [1]

People - Jiahua Xu's Twitter mentions UKCBT_org, Exponential_Sci, uclfincomp, yimikz, and AIK717 [1]

Security Incidents & Losses - Blockchain security incidents analysis from 2012-2025 highlights the importance of wallet design [1] - Wallet attacks resulted in $7 Billion (USD) losses [1] Wallet Design & Vulnerabilities - A new 8-axes framework is proposed for classifying and evaluating wallet designs [1] - Survey identifies 33 vulnerabilities across hardware, software, custodial & non-custodial solutions [1] Custodial Solutions - A novel shared custodial wallet model is introduced for institutions, enabling secure, compliant multi-party access [1]

Blockchain Investment & Adoption - Banks are actively investing in blockchain technology, signaling a significant shift in the financial industry [1] - Over $100 billion (100,000 million) has been invested in blockchain companies since 2020 [1] - Stablecoin volume reaches $700 billion (700,000 million) per month [1] - Tokenized assets are projected to reach $18 trillion (18,000,000 million) by 2033 [1] Strategic Initiatives - Financial institutions are shaping the future through strategic investments, partnerships, and exploring emerging use cases of blockchain [1]

RT Exponential Science (@Exponential_Sci)🔐 Crypto custody needs a rethinkAnalysing 84 notable blockchain security incidents from 2012–2025, so you don’t have to. At @xrplapex, Yimika Erinle presented new research from Exponential Science and the @UKCBT_org.Highlights:- $7B lost to notable wallet attacks, this is why wallet design matters- A new 8-axes framework to classify and evaluate all wallet designs- Survey of 33 vulnerabilities across hardware, software, custodial & non-custodial solutions- A novel sh ...