Regulatory Landscape - FDIC 正在制定关于“tokenized deposit insurance（代币化存款保险）”的指导，为寻求扩展到数字资产领域的金融机构提供更清晰的监管参数 [1] - FDIC 强调将传统存款转移到区块链上并不会改变其法律性质 [1] Digital Assets - Tokenized deposits（代币化存款）代表存款债权的数字形式 [1] - Tokenized deposits（代币化存款）与 stablecoins（稳定币）不同，stablecoins（稳定币）通常与法定货币挂钩 [1]

Crypto Adoption - Czech Republic's central bank purchased a "test portfolio" of digital assets [1] - The central bank will experiment with the digital assets over the coming years [1] - The experiment signals a move towards crypto adoption [1]

RT Česká národní banka (@CNB_cz)The Czech National Bank has purchased digital assets for the first time in its history. 🌐Through this USD 1 million investment, the CNB has created a test portfolio of digital assets based on blockchain. 🔗 In addition to bitcoin, the portfolio will include a test investment in the form of a USD stablecoin and a tokenised deposit on the blockchain. 🖥️📌 The purchase was made outside the CNB’s existing international reserves. The total amount invested will not be actively increa ...

An honor to host Singapore’s Deputy Prime Minister Gan Kim Yong and @MAS_sg Managing Director Chia Der Jiun at the Ripple booth to learn more about our business and customer traction in APAC, during the 10th anniversary of Singapore Fintech Festival.Singapore continues to lead from the front with clear rules and regulations around digital assets, maintaining a strategic vision to build a trusted, connected and digital asset economy. ...

One year of COIN50 setting the standard for how the world tracks crypto’s top digital assets.Onward.Coinbase Institutional 🛡️ (@CoinbaseInsto):One year, fifty assets, four rebalancings, and one clear way to track the performance of the cryptoeconomy.The Coinbase 50 Index turns 1 today. The premier global benchmark index for digital assets, designed by the most trusted crypto exchange.Here’s to another milestone. https://t.co/N12HHJR52y ...

Industry Collaboration & Standards - Chainlink's Sergey Nazarov participated in PhiladelphiaFed's Fintech Conference alongside AWS and J P Morgan [1] - The discussion focused on shared standards and cross-chain infrastructure [1] Technology & Infrastructure - Cross-chain infrastructure is connecting global payments systems and digital assets [1]

🇺🇸 LATEST: SEC Chair Paul Atkins unveils a “token taxonomy” to modernize US crypto rules and set clearer classification standards for digital assets. https://t.co/wlAWZjTULx ...

JPMorgan has started rolling out a deposit token called JPM Coin to institutional clients, a move that comes as financial institutions continue to broaden their footprint in digital assets https://t.co/ryU2QlWwlB ...

🇬🇧 UPDATE: ClearToken receives FCA approval to launch CT Settle, a regulated crypto settlement platform for spot trades in digital assets, stablecoins, and fiat. https://t.co/rbebLumdu4 ...

Core Insights - A compelling and diversified product portfolio is driving revenues for players in the Zacks Securities and Exchanges industry, with expected benefits from rising trading volumes, product expansion, and increased adoption of crypto assets [1] - The industry is experiencing a shift towards non-trading revenue sources, which enhances business dynamism and stability [4] - Mergers and acquisitions are accelerating as companies seek growth and innovation [5] - Continuous investment in technology, particularly AI and blockchain, is crucial for enhancing competitiveness and operational efficiency [6][7] Industry Overview - The Zacks Securities and Exchanges industry includes companies that operate electronic marketplaces for trading stocks, options, bonds, and commodities, generating revenue from fees and data services [2] - The industry is witnessing increased adoption of crypto assets, but faces challenges due to regulatory compliance [2] Trends Impacting the Industry - Volatility is driving trading volume, with a projected market size of $49.6 billion by 2028, growing at a CAGR of 12.1% [3] - Companies are diversifying into recurring revenue sources to reduce reliance on trading income, focusing on data services and technology platforms [4] - M&A activity is on the rise, with firms pursuing strategic deals to enhance competitiveness [5] Technology Investments - Industry players are increasing technology investments to improve market models and operational efficiency, leveraging AI and blockchain [6][7] Industry Performance - The Zacks Securities and Exchanges industry ranks 28, placing it in the top 11% of 244 Zacks industries, indicating positive near-term prospects [8] - The industry has underperformed compared to the broader Zacks Finance sector and the S&P 500, with a year-to-date gain of 5.4% versus 13.3% and 16.1% respectively [12] Valuation Metrics - The industry is currently trading at a trailing P/E of 23.57X, compared to the S&P 500's 23.2X and the sector's 17.5X [15] Company Highlights - Cboe Global Markets is positioned for growth with an expanding product line and recurring revenues [19] - S&P Global is well-positioned to benefit from the demand for business information services, with a focus on innovation through acquisitions [28] - Nasdaq is enhancing its non-trading revenue base and focusing on technology and analytics [26] - CME Group is the largest futures exchange, with growth driven by product expansion and global presence [31]