Insights
Latest News & Insights
Notes from the partners on markets, structure, and the firm. Written when there is something to say.
Real-World AssetsAFME · October 19, 2026AFME counts $39 billion of tokenised assets and a record year for DLT bond issuance.Tokenised Treasuries remain the largest category. The report also opens a new section on tokenised deposits.
Stablecoin InfrastructureVisa · October 15, 2026Visa Direct moves stablecoin-funded cross-border payouts from pilot to production.USDC prefunding in near real time, in place of banking windows. The rail matters more than the coin.
Real-World AssetsBNY · October 13, 2026BNY settles a tokenised Treasury and posts it as repo collateral within minutes.A two-year note bought, tokenised, settled, and financed overnight in one digital workflow with Citadel Securities.
Digital AssetsBNY · October 8, 2026BNY opens regulated digital asset custody in the European Union under MiCA.One of the first global systemically important banks to safekeep crypto-assets in the EU. Custody is where institutions begin.



