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first_img The Clarity Act has been postponed to September, and banks are still accelerating their layout of tokenized deposits

Vassilis Tziokas from Matter Labs pointed out in a CoinDesk article that the U.S. Senate has postponed the Clarity Act until September. This market structure bill failed to complete the final vote before the August recess, meaning that regulatory rules for the digital asset market will take weeks to be implemented. Meanwhile, banks are not waiting for regulation; JPMorgan has processed over $30 trillion in transactions through the Kinexys platform and launched the deposit token JPMD, while Citigroup operates cross-border Treasury token services. A clearinghouse, in collaboration with 17 major financial institutions, plans to achieve on-chain tokenized deposit clearing by 2027.The article argues that the interoperability of interbank tokenized deposits does not come from messaging standards or token bridges, but is realized through clearing mechanisms: the sending bank redeems tokens, the receiving bank issues its own tokens, inter-institutional obligations are recorded and netted, and ultimately settled in central bank currency. The engineering challenge lies in simultaneously satisfying privacy, neutrality, and verifiability; each institution must operate its own ledger, prove transfers through cryptography without exposing underlying data, and anchor to a neutral settlement facility owned by no participants.The author notes that the Clarity Act will not directly regulate tokenized deposits, but it can clarify the boundaries of the digital asset market and improve the stablecoin framework established by the GENIUS Act. The Global Financial Markets Association's report in April 2026 lists unresolved gaps such as unified processing of cross-border tokenized deposits and guidelines for off-network transfers, which are regulatory unlocking points for interbank tokenized fund interoperability. In the face of regulatory uncertainty, banks rationally choose to isolate, and each month of delay rewards closed gardens.

OKX Director Lennix: The financial market is accelerating towards tokenization and around-the-clock trading

On August 28, OKX Director Lennix was invited to attend the Bitcoin Asia 2026 roundtable forum "The Rise of Financial Super Applications," where he shared insights on the integration of traditional finance and the crypto market, the underlying infrastructure of financial super applications, and the development prospects of stock tokenization.Lennix stated that financial products are accelerating towards integration within the same account system. In the future, users will want to trade and manage different categories of financial assets under the same funds, the same account, and the same margin and risk control system, which will become an important direction for the continuous evolution of the industry. He pointed out that on the surface, financial super applications allow trading of crypto, traditional stock assets, foreign exchange, commodities, etc., within one application; however, the real challenge lies in the connectivity of the underlying infrastructure of various assets, including the banking system, wallets, trading accounts, shared margins, and the collaboration between risk control and compliance backends.At the same time, Lennix mentioned that stock tokenization and the tokenization of traditional financial assets are essentially an upgrade to the traditional market. By connecting relevant assets to the matching, margin, risk control, and compliance systems of cryptocurrency exchanges, the market can achieve longer trading and risk management periods, while continuously providing price signals during non-trading hours. When discussing institutional cooperation, Lennix stated that the strategic investment of the Intercontinental Exchange in the OKX Group reflects that the financial market is moving towards tokenization and around-the-clock trading. With the continuous growth of stock tokenization business, this field is expected to become an important development direction for future financial markets.

Genius Group announces a $1.2 billion capital plan to fund AI Treasury and Bitcoin Treasury

According to Globenewswire, Singapore-based Genius Group announced a capital plan aimed at funding its board-approved dual treasury. The goal is to achieve a total asset of $2 billion by fiscal year 2031, with the target size of the AI Treasury being $800 million and the target size of the Bitcoin Treasury being $827 million.The capital plan aims to maximize the net asset value per share (NAVPS) of common stock by utilizing perpetual preferred stock and minimizing dilution of common stock shareholders' equity. Genius Group plans to utilize its $1.2 billion shelf registration (which was declared effective by the SEC on July 18, 2025) to issue publicly registered perpetual preferred securities (PPS) to fund its dual treasury in an accretive manner, maximizing the net asset value per share (NAVPS) of common stock, and the issuance of PPS will not dilute the equity of common stock shareholders.The company plans to raise an initial $12.5 million through the issuance of preferred stock (PPS), which is expected to be non-convertible, with a floating interest rate paid monthly. The raised funds will be used to invest in the company's AI Treasury, Bitcoin Treasury, and a dollar reserve equivalent to approximately 18 months of preferred stock dividends. The company has begun discussions with investment banks experienced in preferred securities and digital asset financing, with final details and timing yet to be confirmed.
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