SoftBank sold its entire $5.8B stake in Nvidia as founder Masayoshi Son reallocates capital toward OpenAI and related AI infrastructure. The move trims exposure to frothy chip valuations and underscores SoftBank’s push to finance data centers and AI platforms, even as it heightens concentration risk in a single theme.
Source: Seeking Alpha
UK’s FCA approves ClearToken, a regulated DvP settlement layer for crypto
ClearToken won authorization from the UK Financial Conduct Authority to operate CT Settle, a delivery‑versus‑payment platform for spot crypto, stablecoins and fiat. The infrastructure aims to cut prefunding and counterparty risk by enabling net settlement and 24/7 post‑trade workflows that mirror traditional clearing standards—an institutional building block London has lacked.
Source: FinanceFeeds
SoFi becomes first U.S. chartered bank to offer in‑app crypto trading
SoFi launched “SoFi Crypto,” allowing customers to buy, sell and hold digital assets alongside checking, savings and investments in a single regulated app. The rollout, enabled by evolving OCC guidance, pressures neobanks and incumbents to match digital‑asset access as consumers migrate to integrated, compliant rails.
Source: FinanceFeeds
JPMorgan and DBS connect tokenized deposit networks for 24/7 payments
JPMorgan’s Kinexys Digital Payments and DBS Token Services are piloting interoperability that lets clients move tokenized deposits across chains and banks without relying on legacy rails. The framework targets instant cross‑border settlement and standardization between permissioned and public blockchains, a prerequisite for scaled institutional use.
Source: FinanceFeeds
Global regulator warns tokenization can blur legal ownership, add counterparty risk
IOSCO cautioned that tokenized versions of traditional assets can leave investors unsure whether they own the asset or just a token, while third‑party structures introduce new counterparty exposures. The body also flagged spillover risks from crypto markets, noting efficiency gains are uneven and often still rely on traditional infrastructure.
Source: FinanceFeeds
UK investors yank £7.4B from equity funds ahead of tax‑heavy Budget
British savers are rotating out of equities at the fastest pace since Brexit, pulling £3.6B in October alone as they brace for potential capital‑gains and dividend tax hikes on Nov. 26. Flows are heading into money‑market and bond funds, signaling a defensive stance until policy clarity returns.
Source: FinanceFeeds
First U.S. spot XRP ETF expected to begin trading this week
Canary Capital’s Form 8‑A filing sets the stage for the first U.S. spot XRP ETF to list on Nasdaq, pending final notices. The product would expand crypto ETF choices beyond Bitcoin and Ethereum, with early trading metrics—AUM, spreads, and premiums/discounts—key to gauging institutional appetite.
Source: FinanceFeeds
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