Hidden Road, the prime brokerage firm that's being acquired by Ripple, has obtained approval to operate as a U.S. broker-dealer from the Financial Industry Regulatory Authority (FINRA), the company s… [+1491 chars]

Issued by FINRA, the license will allow the company to broaden fixed income prime brokerage services for institutional clients.

CoinDesk

Hidden Road, Set to Be Acquired by Ripple, Wins U.S. Broker-Dealer License

Stellar, a superfast and low fee-public blockchain, says it plans to hold $3 billion in real-world asset (RWA) value and power $110 billion in RWA volume by the end of 2025.
The goal set by the Stel… [+1159 chars]

The Stellar blockchain has made new partnerships with Paxos, Ondo, Etherfuse and SG Forge.

Stellar Sees $3B of Real World Assets Coming On-Chain in 2025

XRP might be the next cryptocurrency to get a spot ETF listing in the U.S. after bitcoin (BTC) and ether (ETH), analysts argued this week. However, the Deribit-listed options market,doesn't share thi… [+979 chars]

XRP's recent price movement suggests a possible re-test of lows around $1.6, despite its strong order book depth.

XRP Downside Fears Persist Despite ETF Optimism, Options Data Show

The first quarter of 2025 was a reality check for digital assets. While the year began with optimism fueled by the election of a pro-crypto U.S. president and expectations of a friendlier regulatory … [+4240 chars]

A report by CoinDesk Indices provides a detailed analysis of the crypto market’s recent performance and the significant shift being driven by institutions. Dive into the results with CoinDesk’s Joshua de Vos and Jacob Joseph.

Bitcoin Leads a Fundamental Shift in the Crypto Market

Seychelles-based cryptocurrency exchange OKX is expanding to the U.S., establishing a new regional headquarters in San Jose, California and rolling out access to its platform and its native OKX Walle… [+2044 chars]

In February, the Seychelles-based exchange paid the DOJ $500 million to settle charges it had operated in the U.S. without a money transmitter license.

OKX to Expand to the US, Establish Regional HQ in California

Securitize, one of the largest tokenized asset issuers, said on Tuesday it has acquired MG Stovers fund administration business, making its subsidiary Securitize Fund Services the largest digital ass… [+1593 chars]

The deal expands Securitize Fund Services' offerings and brings its assets under administration to over $38 billion across 715 funds, the company said.

RWA News: Tokenization Firm Securitize Acquires MG Stover's Digital Asset Fund Administration Unit

The competition for stablecoin dominance is entering a third phase and companies such as Tether, issuer of the largest token, and Circle, the No. 2, are setting up their positions as the industry fac… [+4712 chars]

Ran Goldi, SVP of payments at Fireblocks, reviews the strategic moves as stablecoin issuers look to corner the market.

Tether, Circle to Face Banks, Payment Companies as Stablecoin Industry Evolves, Fireblocks Says

The Department of Justice recently issued new guidance directing prosecutors to scale back their efforts to investigate and litigate cryptocurrency crimes. This subsequently disbands the governments … [+5507 chars]

Treasury’s move to shift prosecutorial resources away from crypto may please the industry. But the decision could prove harmful down the line, says Yoav Keren, CEO and Co-founder of BrandShield.