Company Initiatives - US Bancorp has established a new division focused on digital assets and money movement [1] Financial Highlights - US Bancorp manages $74 billion in assets [1]

📰 #AscendEX Daily Updates🔷The total market capitalization of Bitcoin-listed mining companies has risen to 90 billion USD.🔷The total amount of ETH held by digital asset treasury companies and ETFs has increased to 12.5 million coins, accounting for 10.31% of the total Ethereum supply.🔷US Union Bank has established a dedicated department to handle digital assets and fund flows#AscendEX #Crypto #CryptoNews ...

🇬🇧 LATEST: Bank of England will lift stablecoin holding limits once digital assets no longer threaten the economy, calling the restrictions temporary. https://t.co/Rylap5iG9R ...

🚨 CMC News: NYC Mayor Adams Establishes First City Office for Digital Assets🔗 https://t.co/0QgUPvYUbl https://t.co/bxG1rnzQHY ...

"We've seen a new level of interest and commitment from financial institutions and financial market infrastructures in digital assets."At Sibos 2025, @SergeyNazarov joined @fintechf to discuss how Chainlink delivers the interoperability needed for major financial institutions to securely engage with digital assets at scale ↓ ...

The debate continues over what to do with the seized $7 billion worth of Bitcoin: Should the U.K. keep it or give it back to the victims? https://t.co/pMF2WSqJ14 ...

Core Insights - U.S. Bank has launched a new organization focused on emerging digital products and services, including stablecoin issuance, cryptocurrency custody, asset tokenization, and digital money movement [1][2] - The Digital Assets and Money Movement organization aims to develop revenue from these services, establish the bank's digital asset strategy, and accelerate progress within U.S. Bank [2][3] Company Developments - The organization will be led by Jamie Walker, who has over 20 years of experience at U.S. Bank and has been in his current role for eight years [3] - U.S. Bank is positioning itself as a trusted partner in the evolving digital asset landscape, emphasizing the importance of digital capabilities for clients [4] Industry Context - The mainstreaming of digital assets represents a significant transformation in the banking sector, influenced by technological changes, regulatory developments, and economic uncertainty [4] - Recent regulatory changes, such as the Federal Reserve Board's easing of restrictions on banks engaging in crypto activities, have created a more favorable environment for digital asset initiatives [4][5] - U.S. Bank has been appointed as the custodian for reserves backing Anchorage Digital Bank's payment stablecoins, highlighting its role in the digital asset ecosystem [5][6]

Core Insights - U.S. Bank has established a new Digital Assets and Money Movement organization to enhance the development and revenue growth of emerging digital products and services [1] - The focus areas for this new organization include stablecoin issuance, cryptocurrency custody, asset tokenization, and digital money movement [1] - Jamie Walker, an experienced professional in the payments industry, will lead this new initiative at U.S. Bank [1]

🚨 CMC News: BlackRock CEO Building Tokenization Tech for Digital Assets.https://t.co/Elfbni0VJX ...

Core Insights - Digital asset exchange OKX and Standard Chartered have expanded their institutional partnership to the European Economic Area (EEA), allowing institutional clients to access a regulated framework for trading digital assets [1] Group 1: Partnership and Regulatory Framework - The partnership enables clients to hold digital assets with Standard Chartered as a regulated custodian, with holdings mirrored as collateral on the OKX platform, addressing counterparty risk for institutional investors [2] - The regulated environment is established under OKX's Markets in Crypto-Assets (MiCA) license, covering nine of ten service categories, positioning the exchange as a fully regulated operator in the EU [3] - The expansion into Europe follows a successful launch in the UAE, accumulating over $100 million in assets under custody since its debut [4] Group 2: Client Engagement and Market Demand - The service has onboarded notable clients, including Brevan Howard Digital, indicating strong demand for secure and regulated pathways for institutional engagement with digital assets [5] - Standard Chartered's collaboration is part of a broader strategy to integrate digital assets into its services, including launching a crypto trading desk for institutional clients [6] Group 3: Future Developments and Innovations - The bank is exploring areas of the Web3 ecosystem, including tokenized money initiatives, while OKX is enhancing its platform with the recent X Layer upgrade to optimize performance for DeFi applications [7] - The extension of the partnership provides a structured and secure solution for institutional clients in the EEA to participate in the digital asset market [8]