

BancaStato began offering regulated bitcoin and crypto trading to clients through its existing banking apps on July 23, becoming the latest Swiss lender to integrate digital assets. "BancaStato, becoming the first bank on Avaloq's SaaS environment to enable clients to buy, hold and sell crypto via API with Sygnum directly from within its e-banking platforms, marks a significant step in the maturity and scalability of regulated digital asset infrastructure," Fritz Jost, Sygnum's chief B2B officer, said. At launch, clients can trade bitcoin (BTC), ether (ETH), solana (SOL) and litecoin (LTC) using market orders placed by quantity or U.S. dollar value. Sygnum holds client assets in an institutional-grade, multi-layer custody solution built on hardware and software controls, governance processes and independent external audits, the firm said. All client assets are held off-balance sheet, a structure meant to shield holdings if the bank enters bankruptcy. BancaStato joins Zuger Kantonalbank and more than 25 other financial institutions on Sygnum's B2B platform. Sygnum's partner banks give more than a third of the Swiss population a route to own digital assets, the firm said. The launch extends a pattern across Swiss banking: Zurcher Kantonalbank, St. Galler Kantonalbank and UBS have all added bitcoin services in the past year. The integration runs on Sygnum's B2B API connected directly to Avaloq's core banking system, eliminating the need for a separate order management system — an approach the firms said cuts cost and complexity. BancaStato runs its core banking and digital channels on the Avaloq platform in a software-as-a-service model. Curzio De Gottardi, the bank's head of products and services and vice-chairman of its executive board, said the launch extends BancaStato's existing product lineup. "Our seamless integration of traditional assets, investment solutions — and now digital assets — further enhances our group's future-ready offering," he said. Sygnum holds a Swiss banking license and, since June 30, 2026, a Crypto-Asset Service Provider license under the EU's Markets in Crypto-Assets Regulation, granted by Liechtenstein's Financial Market Authority. That license lets EU banks tap Sygnum's infrastructure to launch digital asset services. Founded in 1915, BancaStato is the latest in a wave of European banks adding crypto services through regulated channels rather than standalone exchanges. The expansion of regulated bank-offered crypto trading in Switzerland shows a structural shift in how retail clients access bitcoin — through existing banking relationships rather than dedicated exchange accounts. With Sygnum's MiCA license opening access to EU banks, the model could replicate across Europe. This article is for informational purposes only and does not constitute investment advice.

Ripple Chief Executive Officer Brad Garlinghouse urged the U.S. Congress to pass the Digital Asset Market Clarity Act, a bill that Treasury Secretary Scott Bessent said is on the Senate's "one-yard line" for passage. The legislation would establish a federal framework for classifying digital assets as securities or commodities. "We need the CLARITY Act to provide the regulatory framework that the digital asset industry has been asking for," Garlinghouse said in a statement. Bessent earlier told Fox Business that the legislation is close to a Senate vote, adding that the Trump administration also plans to scrutinize open-source AI models for intellectual property theft. The CLARITY Act has drawn support from Coinbase Chief Executive Officer Brian Armstrong and Ripple, both of whom helped shape its provisions. Coinbase shares jumped more than 11% in morning trading after Bessent's comments, while XRP rose 4% to around $1.15, according to CoinGecko data. Mizuho analyst Dan Dolev noted the act could open the door for more institutional competition for stablecoins, potentially commoditizing Circle's USDC. Passage of the CLARITY Act would mark the most significant U.S. crypto legislation since the industry began lobbying for clear federal rules. For Ripple, which spent three years fighting the U.S. Securities and Exchange Commission over whether XRP is a security, the bill would provide the legal certainty the company has long sought. The case formally closed in August 2025 after both sides dropped their appeals, with Ripple paying a $125 million fine. **Ripple's Legal Victory Set the Stage** The push for the CLARITY Act follows Ripple's landmark legal victory against the SEC. In July 2023, Judge Analisa Torres ruled that XRP itself is not a security, though $728.9 million in direct sales to institutions broke securities law. Attorney John Deaton, who represented nearly 4,000 XRP holders as a friend of the court, said the judge cited their sworn affidavits in her decision. Ripple has since expanded its institutional footprint, announcing a $500 million investment from Fortress, Citadel, Pantera, Galaxy, Brevan Howard, and Marshall Wace at Ripple Swell 2025. The company also announced collaborations with Mastercard, WebBank, and Gemini to use its RLUSD stablecoin on the XRP Ledger for settling credit card transactions. **What Passage Would Mean for Crypto Markets** The CLARITY Act would replace the current patchwork of state-level crypto regulations with a single federal standard, clarifying which digital assets fall under SEC versus CFTC oversight. XRP-spot ETF filings from Canary Funds, Bitwise Invest, and Franklin Templeton are pending, with Canary Funds' ETF potentially launching as soon as November 13 if Nasdaq approves its 8-A filing. XRP traded near $1.08 at press time, down about 3% in the past 24 hours, according to CoinGecko data. The token remains well below its all-time high of $3.84 reached in January 2018. This article is for informational purposes only and does not constitute investment advice.

Injective, the finance-focused Layer 1 blockchain, launched Mint on July 17, a platform for issuing tokenized real-world assets with built-in compliance controls. "Injective Mint removes the friction between asset issuance and regulatory compliance by embedding permissions, jurisdictional screening and freeze controls directly into the platform," the team said. The platform supports equities, bonds, ETFs, international securities and foreign exchange products. Injective has settled more than $6.8 billion in RWA volume and surpassed $1.1 billion in native asset issuance, according to the team. The network has processed 2.94 billion onchain transactions to date. The launch puts Injective in position to capture a growing share of the tokenization market, where curated vaults alone hold $8.6 billion in assets across 788 products, Vaults.fyi data shows. Injective is also filing to become a registered transfer agent with the SEC, a move that would embed the blockchain into the US securities infrastructure. The platform entered private alpha on July 17 with limited access. Future releases and integrations will be powered by the $INJ token, the team said. Injective added BitGo as a validator in June 2025, strengthening its institutional infrastructure. BitGo, a regulated digital asset trust company, provides custody services for major institutions. The SEC transfer agent filing is the most strategically significant element of the announcement. Transfer agents maintain official records of securities ownership and process changes in ownership. Companies such as Computershare dominate this role in traditional finance. If approved, Injective would become one of the first blockchain networks to operate within the formal US securities framework. The inclusion of AI agents as potential issuers reflects a broader convergence between DeFi and artificial intelligence. Autonomous programs could use Mint to create and manage onchain assets without human intervention, the team said. The tokenization market has drawn increasing regulatory scrutiny. SEC Commissioner Hester Peirce warned last week that some DeFi vaults and onchain lending strategies may fall under federal securities laws depending on their structure. "Tokenized securities are still securities," Peirce said. Vaults have become one of DeFi's fastest-growing sectors, with Coinbase and Robinhood integrating them to offer yield on user stablecoin balances. For INJ token holders, more institutional issuance on the network means higher transaction volume and fee generation. The token migrated from Ethereum's ERC-20 standard to the native Injective EVM earlier this year, with Coinbase supporting a 1:1 conversion. This article is for informational purposes only and does not constitute investment advice.