JPMorgan Chase will become the new issuer of Apple Card, replacing Goldman Sachs in a deal that’s expected to transfer more than $20B in credit card balances to the bank’s platform. The move expands JPMorgan’s consumer footprint but comes with a $2.2B Q4’25 provision tied to the forward purchase commitment. For Goldman, the exit furthers its retreat from mass‑market consumer banking and frees up reserves.
Source: FinanceFeeds
DTCC wins SEC approval for new triparty clearing, priming U.S. Treasuries for 2026–27 mandates
The SEC approved DTCC’s Agent Clearing Service (ACS) Triparty offering via FICC, enabling centrally cleared “done-with” and “done-away” triparty repo using BNY’s Global Collateral platform. The service broadens access to central clearing ahead of mandatory Treasury cash (Dec 2026) and repo (June 2027), targeting lower margin and balance-sheet costs for buyside participants. It arrives alongside record activity at FICC’s Government Securities Division, underscoring industry migration to cleared workflows.
Source: FinanceFeeds
CME Group’s international ADV hits record 8.4M contracts in 2025 as global hedging demand climbs
CME reported a record 8.4M international average daily contracts in 2025, up 8% YoY, with Metals (+37%) and Equity Index (+20%) leading growth across EMEA and APAC. The surge reflects persistent macro and geopolitical uncertainty driving cross‑border risk management, while overall CME ADV reached a record 28.1M contracts. Around‑the‑clock liquidity in benchmark futures is anchoring institutional activity across time zones.
Source: FinanceFeeds
Morgan Stanley to launch bank‑grade digital wallet for crypto and tokenized assets in H2’26
Morgan Stanley confirmed plans for a proprietary digital wallet in H2’26 as part of a wider strategy to integrate digital assets and tokenized private markets into its $6T wealth platform. The rollout follows direct crypto trading on E‑Trade in H1’26 and positions the bank to custody tokens and settle real‑world assets on‑chain. The initiative targets new liquidity and collateral use cases as private markets and blockchain converge.
Source: FinanceFeeds
Binance debuts regulated 24/7 gold and silver perpetuals settled in USDT
Binance launched TradFi Perpetual Contracts for gold (XAUUSDT) and silver (XAGUSDT) via its ADGM‑regulated entity, bringing round‑the‑clock access to commodity exposure within a crypto derivatives venue. The non‑expiring contracts use funding and deviation controls for off‑hours pricing, aiming to reduce weekend/overnight gap risk. The move blurs boundaries between traditional commodities and digital asset infrastructure.
Source: FinanceFeeds
CFTC greenlights Bitnomial no‑action relief to launch U.S. prediction markets
The CFTC issued a no‑action letter allowing Bitnomial to offer fully collateralized event contracts in the U.S., easing swap reporting burdens that don’t fit high‑frequency prediction markets. Bitnomial must publish market data and provide the CFTC with detailed trading information upon request, preserving oversight. The decision lowers operational barriers for regulated U.S. prediction venues ahead of a busy election cycle.
Source: FinanceFeeds
Florida advances “Bitcoin reserve” plan, narrowing scope to BTC with strict thresholds
Florida lawmakers introduced bills to establish a state strategic cryptocurrency reserve managed by the CFO, with eligibility thresholds that effectively limit holdings to Bitcoin. The proposal emphasizes custody standards, governance, and biennial reporting, aligning state balance‑sheet policy with a hedge against inflation and fiscal volatility. If enacted, the law would take effect July 1, 2026, joining a growing state‑level push into digital reserves.
Source: FinanceFeeds
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