Morgan Stanley

Stablecoin reserve

Jun 10, 2026

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5 min read

US Banks are going on-chain

JPMorgan, Citi, BofA, and Wells Fargo just announced a shared tokenized deposit network through The Clearing House, targeting 2027. Here's what it means for stablecoins and enterprise payments.

Marc Baumann, +1

Stablecoin reserve

Jun 7, 2026

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3 min read

Why DTCC picked Stellar over Ethereum

Stellar becomes the first public blockchain in DTCC's tokenization service, joining Canton in a two-track plan to put $114T of custody on-chain by 2027.

Marc Baumann, +1

Stablecoin reserve

Bitwise just undercut 21Shares by 165 bps

May 28, 2026

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3 min read

Bitwise just undercut 21Shares by 165 bps

Bitwise just listed Europe's second Canton Network ETP, and undercut the first mover by 165 basis points. The ETP is fully backed by CC, the native token of the Canton Network.

Marc Baumann, +1

Stablecoin reserve

May 22, 2026

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3 min read

Qivalis hits Europe’s 37 Banks

Qivalis, the Amsterdam-based banking consortium building a regulated euro stablecoin, added 25 banks on Wednesday, pushing its membership to 37 institutions across 15 countries.

Marc Baumann, +1

Stablecoin reserve

May 20, 2026

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3 min read

SEC will let DeFi trade stocks

The SEC is about to legalize the most disruptive shareholder-rights workaround in nine decades. This week, SEC Chair Paul Atkins is expected to release the agency's Innovation Exemption, a 12-to-36-month sandbox.

Marc Baumann, +1

Stablecoin reserve

May 18, 2026

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4 min read

the Binance ETF

In May 2026, VanEck and Grayscale filed amended S-1 registrations for spot BNB ETFs on the same day.

Marc Baumann, +1

Stablecoin reserve

May 14, 2026

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3 min read

moody's just rated an ERC-20

On 13 May 2026, Fidelity International publicly introduced FILQ (Fidelity USD Digital Liquidity Fund), a yield-bearing, fully digital USD liquidity fund issued through Sygnum Bank's Desygnate tokenization platform.

Marc Baumann, +1

Stablecoin reserve

Circle isn't a stablecoin company anymore

May 12, 2026

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3 min read

Circle isn't a stablecoin company anymore

On May 11, 2026, Circle released its Q1 2026 report and it was more than just the revenue. Circle is evolving more than a stablecoin company.

Marc Baumann, +1

Stablecoin reserve

May 11, 2026

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3 min read

BlackRock's stablecoin loophole

On May 8, 2026, BlackRock filed two SEC registration statements that quietly collapsed the line between traditional finance and crypto. One turns a $7B Treasury money market fund (TFFXX) into a live token on Ethereum. The other launches a crypto-native Treasury vehicle that pays roughly 4% yield, accrued daily.

Marc Baumann, +1

Stablecoin reserve

May 8, 2026

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3 min read

Russell 1000 goes on-chain

On May 4, 2026, the DTCC publicly advanced DTC's native tokenization service, and announced its commercial launch in October.

Marc Baumann, +1

Stablecoin reserve

The $320B stablecoin loophole just closed

May 5, 2026

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2 min read

The $320B stablecoin loophole just closed

Senators Tillis and Alsobrooks dropped the Section 404 compromise for the CLARITY Act. And, it is good news for crypto-native companies.

Marc Baumann, +1

Stablecoin reserve

May 1, 2026

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3 min read

broadridge's land grab

On April 28, 2026, Ondo Finance integrated Broadridge's new Web3-enabled ProxyVote platform across its tokenized stock and ETF catalog.

Marc Baumann, +1

Stablecoin reserve

Apr 29, 2026

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4 min read

western union goes solana

On the Q1 2026 earnings call, CEO Devin McGranahan announced that USDPT, a federally-regulated U.S. dollar stablecoin issued by Anchorage Digital Bank on Solana, will go live in May.

Marc Baumann, +1

Stablecoin reserve

Morgan Stanley just captured crypto's yield

Apr 27, 2026

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4 min read

Morgan Stanley just captured crypto's yield

On April 23, 2026, Morgan Stanley launched the Stablecoin Reserves Portfolio (MSNXX). It’s a money market fund holding cash and U.S. Treasuries (under 93 days), charging a 0.15% fee with a $10M minimum.

Marc Baumann, +1

Morgan Stanley

US Banks are going on-chain

Why DTCC picked Stellar over Ethereum

Bitwise just undercut 21Shares by 165 bps

Qivalis hits Europe’s 37 Banks

SEC will let DeFi trade stocks

the Binance ETF

moody's just rated an ERC-20

Circle isn't a stablecoin company anymore

BlackRock's stablecoin loophole

Russell 1000 goes on-chain

The $320B stablecoin loophole just closed

broadridge's land grab

western union goes solana

Morgan Stanley just captured crypto's yield

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