1-29
SEC: Tokenization Doesn't Remove U.S. Securities Obligations for Stocks and Bonds
In a staff statement published Wednesday, the SEC's Divisions of Corporation Finance, Investment Management, and Trading and Markets said tokenized versions of stocks and bonds remain subject to U.S. securities laws. The guidance outlines issuer-led and third‑party structures, flags risks in custodial and synthetic models, and notes that security‑based swaps can trigger registration and exchange‑trading requirements.
1-29
1-28
Morgan Stanley Appoints Amy Oldenburg to Lead Newly Created Digital-Asset Strategy Role
Morgan Stanley has created a new digital-asset strategy position and appointed longtime executive Amy Oldenburg to lead it as the bank expands its involvement in crypto. Oldenburg, who previously headed emerging-markets equity and digital-asset efforts at Morgan Stanley Investment Management, will join a firm-wide strategy and execution group. The role aligns with the bank’s ETF filings tied to Bitcoin and Solana and its plans to enable crypto trading on the E-Trade platform in the first half of 2026.
1-28
1-28
Nomura-Backed Laser Digital Files OCC Application for US National Trust Bank Charter
Nomura-owned crypto subsidiary Laser Digital has submitted an application to the Office of the Comptroller of the Currency for a US national trust bank charter, according to the Financial Times. The proposed bank would enable federally regulated digital asset spot trading and custody-style services without taking deposits, reflecting a broader wave of fintech, crypto and corporate charter bids under the current US administration. Other applicants reportedly include Trump-linked World Liberty Financial in stablecoins and automakers Ford and General Motors, as well as Revolut, which is pursuing a standalone US banking licence.
1-28