Institutional Programs
Short institutional research notes on stablecoin, bank-money, treasury, servicing, and bridge-market developments, with proof routing and reference links.
Stablecoin supply
$299.4B
+2% in 3M
Transfer volume
$1.4T
+57% in 6M
Active addresses
55.8M
+8% in 6M
Tokenized Treasuries
$13.0B
+44% in 6M
Global post-trade infrastructure moved to tokenized issuance and settlement in Q1 2026
DTCC, Euroclear, Clearstream, LSEG, HSBC, J.P. Morgan, BMO, BNY, and State Street all launched or advanced tokenized products in a single quarter. Meanwhile Australia passed a digital-asset framework, the UK enacted cryptoasset regulations, and the ECB opened DLT collateral eligibility. The post-trade layer is no longer piloting.
DTCC, Euroclear, Clearstream, LSEG, HSBC, BMO/CME, BNY, State Street, and SIX all launched or advanced tokenized infrastructure products in Q1 2026
DTCC Rapid Issuance announcement • Apr 5, 2026
Moving now
All markets
Thailand’s tokenized-fund rule is a mutual-fund servicing reform, not a digital-asset carve-out
SEC Thailand tokenized-funds final rule release • Apr 2, 2026
Cambodia's cross-border payment stack deepens as Mastercard Move and Singapore KHQR go live in parallel
ACLEDA and Mastercard Move launch • Apr 1, 2026
OJK trims and rebuilds Indonesia’s digital-asset stack as BI adds South Korea QRIS
BI Korea QR launch • Apr 1, 2026
SC Malaysia’s March 2026 ICM revision opens a clearer DAX route for Shariah digital currencies—without yet creating a full tokenised ICM code
Guidelines on Islamic Capital Market Products and Services (revised 30 March 2026) • Mar 30, 2026
Institutional Programs
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See how active markets map to representative bank-money, stablecoin, treasury, QR-settlement, and asset-servicing workflows.
Monetary Authority of Singapore
BLOOM is the settlement equivalent of Project Guardian, supporting industry trials with tokenised bank liabilities and regulated stablecoins.
MAS launched BLOOM to enable settlement in tokenised bank liabilities and well-regulated stablecoins.
It is coordinating networks for the use, transfer and redemption of settlement assets.
Supporting cases
Only live public cases appear here.