Nickel Digital Asset Management

Digital assets lost further ground as a short-lived post-election recovery gave way to renewed selling in technology stocks and ETF withdrawals.

Alongside the market weakness, institutional developments continued:

🔹 NYSE selected Avalanche Technology for settlement on its proposed tokenised securities platform.
🔹 Amundi launched a tokenised share class of its European equity index fund on Ethereum, working with CACEIS.
🔹 Schroders partnered with Centrifuge. to bring its emerging market bond strategy to Solana.
🔹 PNC Private Bank introduced a pilot allowing corporate and institutional clients to receive USDC payments through Coinbase, automatically converted into dollars.
🔹 Bitget launched a network allowing clients to trade while their assets remain with external custodians.

For a #deepdive into these stories, read Nickel’s full weekly round up linked in the comments below.

#DigitalAssets #Tokenization

Recent market volatility and renewed concerns over exchange risk underline a central question for investors: how can alpha be generated while maintaining robust protection of assets?

Nickel Digital’s CEO and Founding Partner, Anatoly Crachilov, will discuss this at DAS London tomorrow, joining the panel “Sources of Alpha in this Crypto Market Cycle”.

For Nickel, identifying trading opportunities goes hand in hand with disciplined risk management, exchange diversification and off-exchange settlement.

Digital assets came under renewed pressure as Binance suffered the largest hack in digital asset history, with an estimated $6.3bn stolen.

Alongside the market fallout, institutional developments continued:

🔹 The Depository Trust & Clearing Corporation (DTCC) launched its tokenisation service, with participants including Fidelity Investments, J.P. Morgan Asset Management and UBS.
🔹 ICE, owner of the New York Stock Exchange, partnered with TradeXYZ Technologies Inc. on proposed regulated US perpetual futures using Hyperliquid infrastructure.
🔹 The Bank of England opened a consultation on tokenised collateral for clearing houses.
🔹 The Hong Kong Monetary Authority (HKMA) enabled 24/7 interbank settlement of tokenised deposits in tokenised central bank money.

For a #deepdive into these stories, read Nickel’s full weekly round up linked in the comments below.

#DigitalAssets #Binance #Tokenization

While digital assets declined this week, the market continued to develop with S&P Dow Jones Indices and Kalshi agreed to bring established financial benchmarks to prediction markets.

This week’s Nickel roundup also covers:

🔹 Aviva Investors and Ripple launched a tokenised share class of Aviva’s £22bn sterling liquidity fund, with £50m invested by Aviva.

🔹 HSBC launched its first Hong Kong dollar stablecoin through PayMe, which serves more than 3.3 million users.

🔹 Standard Chartered agreed to acquire Zodia Custody, bringing its custody operations into the bank’s Securities Services business, subject to approvals.

🔹 The Office of the Comptroller of the Currency finalised US stablecoin rules covering reserves, redemption and risk management, effective from January 2027.

Read Nickel’s full weekly round up linked in the comments below.

#DigitalAssets #Stablecoins #PredictionMarkets

Digital assets remained under pressure this week, with Bitcoin ending broadly unchanged while Ether and the wider market declined.

Beyond the weaker markets, institutional activity continued across payments, investment products and regulated trading:
🔹 J.P. Morgan brought its dollar deposit token, JPM Coin, to Ethereum, expanding blockchain settlement options for institutional clients.
🔹 Visa moved USDC-funded cross-border payouts into commercial production through Inyo.Global.
🔹 BlackRock filed for a Bitcoin ETF seeking downside protection alongside limited upside participation.
🔹 CME Group added Bitcoin Cash and Uniswap futures, broadening its regulated cryptocurrency derivatives offering.
🔹 The European Banking Authority (EBA) designated Circle’s USDC a significant e-money token under MiCA, bringing enhanced supervision.

For a #deepdive into these stories, read Nickel’s full weekly round up linked in the comments below.

#DigitalAssets #Stablecoins #Blockchain

Inyo.Global