💵 Polygon Labs gains US payments coverage in 48 states via Coinme deal
Polygon Labs has completed its acquisition of Coinme, securing regulated money transmission coverage across 48 U.S. states and integrating it into its Open Money Stack platform.
The deal brings 37 state money transmitter licenses into Polygon's stablecoin payments infrastructure. Four additional payment companies have also joined the Open Money Stack platform, which combines regulated U.S. money transmission with stablecoin payments, digital wallets, and local currency settlement.
The move positions Polygon Labs as a regulated payments infrastructure provider in the U.S. market, bridging traditional money transmission frameworks with blockchain-based stablecoin rails.
🪙 BNY and Citadel Complete Tokenized Treasury Repo
BNY and Citadel Securities have completed an overnight triparty repo transaction using a tokenized two-year U.S. Treasury note, with settlement completing within minutes.
The trade was executed on a major collateral platform, demonstrating how tokenization of traditional financial instruments can compress settlement timelines that typically take days under conventional infrastructure. The deal marks a notable instance of two major Wall Street institutions transacting with tokenized government securities in a live repo setting.
The transaction reflects growing institutional interest in applying blockchain-based tokenization to fixed-income collateral markets, an area regulators and financial firms have identified as a key use case for the technology.
🟠 Tesla holds nearly $1B in Bitcoin on its balance sheet
Tesla continues to hold a significant Bitcoin position on its balance sheet, years after the EV maker made its initial $1.5 billion investment in the asset.
The company's current Bitcoin holdings are valued at close to $1 billion, reflecting both market fluctuations and any disposals made since the original purchase under Elon Musk's direction.
Tesla remains one of the most prominent publicly traded companies with direct Bitcoin exposure on its books.
🟠 UK High Court ruling puts $5B seized Bitcoin closer to state hands
A London High Court judge has ruled that Chinese law will govern fraud victims' claims over 61,000 BTC seized from Zhimin Qian, who pleaded guilty to defrauding thousands of people in China.
The ruling is a blow to claimants: under Chinese law, their recoverable claims may be limited to the original value of their losses rather than the current market value of the Bitcoin — most of which was acquired between 2014 and 2017 and is now worth approximately $5 billion. The gap between acquisition price and current value would largely benefit the UK government.
The Metropolitan Police seized the 61,000 BTC during its investigation into Qian. Ownership of the haul has not yet been decided, but the ruling significantly improves the government's position ahead of any eventual sale.
A crypto trader known as "Realist" has reported being robbed at knifepoint at his home in the UK, valuing the theft at approximately $800,000.
On-chain transaction records show the Solana address he identified as belonging to the attackers received nearly 719,000 USDC, which subsequently moved on-chain after the incident.
Physical attacks targeting crypto holders at home — often called "wrench attacks" — have become an increasing security concern in the industry, as visible on-chain wealth can make individuals targets for real-world violence.
🪙 Morgan Stanley sees tokenized assets hitting $10T by 2030
Morgan Stanley's head of digital asset strategy has backed projections for a $3 trillion–$10 trillion tokenized asset market by 2030, signaling growing institutional confidence in blockchain-based financial infrastructure.
The bank has also shifted its expected timeline for supporting tokenized equity trading to early 2027, according to Amy Oldenburg, Morgan Stanley's head of digital asset strategy.
Tokenization of real-world assets — including equities, bonds and funds — has emerged as one of the most closely watched institutional narratives in crypto, with major banks and asset managers racing to position themselves ahead of anticipated regulatory clarity.
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