ARK Brings $1.3B Venture Fund Onchain Through Securitize

• ARK Invest is tokenizing its ARK Venture Fund through Securitize.
• The fund has roughly $1.3 billion in assets and invests across private and public technology companies including OpenAI, Anthropic, Stripe and Databricks.
• The move tokenizes ownership and administration of the existing fund rather than creating a new crypto fund.

**ID:** N25-02

**Site:** NewsBTC

**Status:** READY

**Author:** NewsBTC Editorial Team

**Focus Keyword:** Tokenization

**Image Keyword:** Tokenization

**Category:** Technology

**Tags:** ARK Invest, Securitize, Tokenization, ARKVX, Venture Capital

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A Venture Fund Becomes A Tokenized Security

ARKVX is an actively managed closed-end interval fund focused on disruptive innovation.

Its portfolio includes exposure to companies such as OpenAI, Anthropic, Stripe and Databricks alongside public-market investments.

Securitize will provide the tokenization infrastructure.

That means fund interests can be represented and administered onchain while the underlying investment strategy remains the same.

This is not ARK launching a cryptocurrency or turning the underlying private companies themselves into freely tradeable tokens.

The asset being tokenized is the fund interest.

That distinction matters because tokenization can change how an investment product is issued, held and transferred without changing the legal nature of the securities inside it.

ARK And Securitize Are Deepening An Existing Relationship

The launch follows ARK’s strategic investment in Securitize in 2025.

It also arrives as large asset managers increasingly experiment with blockchain infrastructure for products that already exist in traditional finance.

BlackRock’s BUIDL fund has become one of the best-known examples, while firms including Franklin Templeton and WisdomTree have also expanded tokenized-fund offerings.

ARKVX pushes that trend further into venture investing.

Private-market products have historically been operationally awkward compared with listed securities. Ownership records, subscriptions and transfers can involve slower and more fragmented systems.

Tokenized fund interests do not automatically solve liquidity or investor-eligibility restrictions.

They can, however, make the administrative rails more programmable.

For ARK, this is its first fund to move onchain through Securitize.

That makes the launch more significant than another blockchain experiment.

A $1.3 billion venture strategy is now being used to test whether tokenization can become part of the normal infrastructure underneath mainstream investment products.

*This article was written by the News Desk and edited by [Samuel Rae](https://ift.tt/P2f0Xt9

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Fed Proposes Full Reserve And Capital Rules For US Stablecoin Issuers

• The Federal Reserve has proposed two new rulemaking packages for payment stablecoin issuers under the GENIUS Act.
• Board-supervised issuers would have to fully back tokens with permitted reserve assets and meet standardized capital and risk-management requirements.
• The proposals are not final rules yet, with a 60-day public comment period ahead.

**ID:** N25-01

**Site:** NewsBTC

**Status:** READY

**Author:** NewsBTC Editorial Team

**Focus Keyword:** Stablecoin

**Image Keyword:** Regulation

**Category:** Regulation

**Tags:** Federal Reserve, Stablecoins, GENIUS Act, Banking, Regulation

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Stablecoins Would Need Full Reserve Backing

Under the first proposal, Board-supervised payment stablecoin issuers would have to back their outstanding tokens fully with permitted reserve assets.

The Fed specifically points to short-term Treasury bills and other high-quality liquid assets as the sort of reserves that could qualify.

It also wants standardized capital requirements aimed at covering credit and operational risks, alongside broader risk-management standards and rules for firms safeguarding stablecoin reserve assets.

For banks already under Federal Reserve supervision, the proposal would also clarify which stablecoin-related activities are permissible.

That is important because the legal framework created by Congress still needs to become something institutions can actually operate under.

A law can establish the broad permission to issue regulated stablecoins. Banks still need detailed answers about reserve composition, capital, custody and supervision before launching products at scale.

Banks Would Get A Dedicated Application Process

The Fed’s second proposal deals with that entry point.

Board-supervised banks seeking to issue payment stablecoins would have to submit an application including a business plan and financial information.

The framework would also create formal processes for decisions, hearings and appeals.

None of this is final yet.

The Federal Reserve is seeking public comment, with the comment period closing 60 days after publication in the Federal Register.

Governor Michael Barr backed the direction of the proposal while emphasizing the need for clear redemption rights and strong safeguards.

That debate is likely to become one of the important details.

A stablecoin only behaves like dependable digital cash if holders believe they can get their dollars back at par even during stress.

The GENIUS Act created the statutory framework.

The Fed is now starting the much harder work of deciding what regulated stablecoin issuance actually looks like in practice.

*This article was written by the News Desk and edited by [Samuel Rae](https://ift.tt/P2f0Xt9

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Visa Study Says Bank-Style Protections Could Push Stablecoin Use Sharply Higher

TL;DR

• Visa says U.S. willingness to use stablecoins rises from 36% to 56% when hypothetical bank-level fraud protection and deposit insurance are added.
• The study covered 2,192 U.S. adults and more than 45,000 respondents across 20 markets.
• The findings suggest trust and consumer protection may be a bigger barrier to mainstream stablecoin use than the underlying technology.

Stablecoins have spent years getting faster, cheaper and easier to move. Visa’s latest research suggests the next adoption problem may be much less technical.

It is trust.

Visa’s Money Travels 2026 study found that 36% of U.S. respondents would consider using stablecoins under the base scenario. That rises to 45% when the product is offered through an existing financial provider, then jumps to 56% when hypothetical bank-level fraud protection and deposit insurance are added.

The Biggest Adoption Lever May Be Familiar Protection

That is a useful result because stablecoin products are often marketed around settlement speed and cost.

Consumers appear to care just as much about what happens when something goes wrong.

Visa found that many users are willing to accept slower transfers in exchange for stronger safeguards. In the U.S., 45% of respondents said they would accept a 24-hour delay if it came with better fraud protection.

The study also found that 36% of Americans surveyed had encountered cross-border payment scams, while 44% were concerned about AI-enabled fraud such as deepfakes.

Those numbers help explain why a stablecoin can be technically superior to an older payment rail and still struggle to win over a mainstream customer.

Deposit Insurance Remains Hypothetical Here

There is an important caveat.

Visa’s survey presented bank-style fraud protection and deposit insurance as hypothetical features.

Stablecoins are not automatically covered by protections such as FDIC insurance simply because they track the dollar.

The research therefore measures how consumers say they would behave if stronger safeguards existed, not the protections available to every stablecoin holder today.

The U.S. portion of the study was conducted by Morning Consult using 2,192 adults. Globally, Visa surveyed more than 45,000 people across 20 markets.

That is a large enough sample to make the broader message difficult to ignore.

Stablecoins may already have solved a lot of the movement-of-money problem.

The harder part is convincing ordinary users that the protections around the money are as dependable as the technology moving it.

This article was written by the News Desk and edited by Samuel Rae.

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Galaxy Adds $100M Of Sky’s sUSDS To Corporate Treasury

TL;DR

• Galaxy has added $100 million of Sky Protocol’s sUSDS to its own corporate treasury.
• The firm has also approved sUSDS as collateral across an institutional trading business carrying an average loan book of about $1.4 billion.
• Galaxy additionally bought an undisclosed amount of SKY, deepening an existing lending relationship with the Sky ecosystem.

Galaxy is putting a meaningful chunk of its own balance sheet into onchain credit infrastructure.

The digital-asset firm has added $100 million of Sky Protocol’s yield-bearing sUSDS to its corporate treasury and approved the token as eligible collateral across its institutional trading operation.

This is more interesting than a simple token purchase.

sUSDS Moves From DeFi Asset To Institutional Collateral

Galaxy funded the $100 million position from its own balance sheet.

The company has also opened sUSDS up for use as collateral by institutional clients taking loans through its trading business, which carries an average loan book of roughly $1.4 billion and serves more than 1,600 counterparties.

That creates a different proposition from holding a normal dollar stablecoin.

Clients pledging sUSDS can continue earning the Sky Savings Rate while the asset backs their borrowing.

In traditional markets, that idea is ordinary. Treasury securities can earn yield while also serving as collateral.

Moving that model onchain is one of the bigger tests for stablecoin-based finance.

Galaxy also acquired an undisclosed amount of SKY, although neither side has published the size or purchase price of that position.

The Relationship Already Goes Beyond This $100M Allocation

Galaxy and Sky were not starting from zero.

Grove, part of the wider Sky ecosystem, already provides Galaxy with a $500 million warehouse facility used to finance institutional loans backed by digital assets.

Galaxy has also borrowed through Spark as part of its onchain financing strategy.

Adding sUSDS to the treasury and collateral framework ties those pieces together.

It means Sky is no longer simply providing external lending capacity to Galaxy; one of its yield-bearing assets is now sitting directly on Galaxy’s balance sheet and inside its institutional credit operation.

That is the part worth watching.

Institutional adoption of DeFi does not necessarily mean banks and funds suddenly trading obscure tokens.

It may look much more familiar: yield-bearing dollar assets, secured loans and collateral management — with the settlement and accounting rails moved onchain.

Galaxy’s $100 million allocation is a fairly concrete example of that transition.

This article was written by the News Desk and edited by Samuel Rae.

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Blockchain.com And NYSE Plan 24/7 Tokenized Stock Access

TL;DR

• Blockchain.com and NYSE Group have signed an agreement to explore access to tokenized U.S.-listed stocks and ETFs.
• The proposed service would use NYSE’s planned digital trading venue and could support around-the-clock trading for eligible global users.
• Nothing is live yet: the project remains subject to the launch of NYSE’s digital ATS and required regulatory approvals.

Blockchain.com and the New York Stock Exchange are exploring a route to bring tokenized U.S. stocks and ETFs directly into a crypto-native trading platform.

The two companies have signed an agreement covering product development and market-data sharing, with the longer-term goal of giving Blockchain.com users access to tokenized versions of NYSE-listed securities.

The headline feature is obvious: trading would not have to stop when Wall Street closes.

Tokenized Stocks Could Trade Outside Normal Market Hours

NYSE has already outlined plans for a digital alternative trading system built around tokenized securities.

The proposed venue is designed to support features that are far more familiar to crypto traders than traditional brokerage customers: 24/7 access, fractional ownership, stablecoin funding and onchain settlement.

Blockchain.com would become a distribution partner if the system launches.

That could give its global customer base a way to trade tokenized versions of exchange-listed shares and ETFs from the same broader ecosystem used for digital assets.

The companies also want data flowing in both directions.

NYSE parent ICE could distribute Blockchain.com crypto-market data, while Blockchain.com would integrate ICE and NYSE equity data into its own products.

This Is An Agreement, Not A Live Trading Launch

That distinction matters.

The companies have signed a memorandum of understanding. Tokenized NYSE securities are not suddenly available for unrestricted 24-hour trading today.

The service depends on NYSE launching its planned digital ATS and securing whatever regulatory approvals are required.

There will also be jurisdictional restrictions.

Tokenizing a share does not remove securities laws simply because ownership is represented onchain.

Still, the direction is significant.

Crypto exchanges have spent the past year moving aggressively into tokenized equities, while traditional market operators have started experimenting with blockchain-based settlement.

This partnership puts those two trends directly together.

Blockchain.com brings crypto users and wallet infrastructure. NYSE brings the regulated market structure and the underlying securities ecosystem.

If the project gets through the regulatory stage, the result could look less like a crypto imitation of the stock market and more like the stock market adopting crypto-style settlement rails.

This article was written by the News Desk and edited by Samuel Rae.

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Circle Takes FX Onchain With 24/7 Stablecoin Settlement On Arc

TL;DR

• Circle has launched StableFX on Arc, giving approved institutions 24/7 access to stablecoin-based foreign exchange settlement.
• The system uses RFQ pricing from multiple liquidity providers and smart-contract settlement so both sides of a trade complete together.
• Circle is providing the software and settlement infrastructure rather than acting as the intermediary holding customer funds.

Circle is taking another piece of traditional financial infrastructure onchain, this time targeting the foreign exchange market.

StableFX is now live on Arc, Circle’s blockchain network, with the service designed to let approved institutions exchange stablecoin-denominated currencies around the clock rather than waiting for conventional banking and settlement windows.

The Interesting Part Is Settlement, Not Just Trading Hours

Foreign exchange already trades across global time zones, but the settlement layer still carries plenty of old-market friction.

Circle’s pitch is that stablecoins can remove some of that.

A business using StableFX submits a request for quote, receives prices from multiple liquidity providers and chooses a counterparty. Once the trade is agreed, both sides fund the settlement smart contract.

The important bit is what happens next: both legs settle, or neither does.

That payment-versus-payment structure is designed to reduce principal risk — the awkward scenario where one side of an FX trade sends its currency before receiving the other.

Circle also allows institutions to settle immediately or use programmable windows where trades can be netted before final settlement.

That starts to make stablecoins look less like a crypto-native payment product and more like actual back-end financial infrastructure.

Circle Is Building Around More Than USDC

StableFX currently supports a range of stablecoin currencies, including Circle’s USDC and EURC alongside tokens representing currencies such as the Australian dollar, Brazilian real, Japanese yen, Canadian dollar and South African rand.

The model also matters from a regulatory perspective.

Circle Technology Services says it supplies the APIs and smart contracts behind StableFX, but does not take custody of the assets being exchanged or transmit funds on users’ behalf.

That leaves participating firms responsible for their own licensing and compliance obligations.

Stablecoins have spent years proving they can move dollars quickly.

StableFX is testing a bigger idea: whether regulated institutions can use the same rails to move between currencies, manage settlement risk and keep capital working outside conventional market hours.

If that catches on, the most important stablecoin use case may end up happening behind the scenes rather than at a crypto checkout.

This article was written by the News Desk and edited by Samuel Rae.

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Chainlink Releases Node v2.65.0 With Confidential Workflow Monitoring Fix

TL;DR

• Chainlink has published core node software v2.65.0.
• The release includes a monitoring change that separates user-caused confidential-workflow enclave failures from system-caused failures.
• It is an infrastructure maintenance release rather than a new Chainlink product launch.

Chainlink has pushed out core node software v2.65.0, giving operators another incremental infrastructure update only days after the previous release cycle.

The new build is not a headline CCIP launch or a new oracle product. Instead, it focuses on the sort of operational detail that matters to teams running production Chainlink infrastructure.

Confidential Workflow Monitoring Gets More Precise

One of the key changes in v2.65.0 affects monitoring around confidential-workflow enclave failures.

The release adds an `error_type` label to the relevant failure counter, allowing node operators to distinguish between failures caused by user workflows and failures caused by the system itself.

That sounds small, but it is useful operationally.

If a workflow exceeds its enclave execution budget, operators do not necessarily want the same alerting path they would use for an infrastructure fault. Separating those failure classes can reduce noisy alerts and make genuine system problems easier to identify.

The release also advances Chainlink’s core version line from v2.64.0, which was part of the previous production cycle.

Mature Oracle Infrastructure Is Mostly About Reliability

Chainlink’s role in DeFi increasingly depends on boring things working correctly.

Price feeds, automation systems, cross-chain messaging and other oracle services need reliable nodes behind them. The more complex those services become, the more valuable clean telemetry and fault classification become for operators.

That is why releases like v2.65.0 matter even when they do not introduce a feature that an end user can click.

For LINK holders, there is no token migration attached to the update and no user action required.

For node operators, however, the release provides the next production image and a cleaner monitoring path around confidential workflows.

Chainlink’s infrastructure is becoming broader and more complicated. Releases like this are part of the less visible work required to keep that stack manageable.

The timing also shows how quickly Chainlink is iterating on its operator stack. v2.65.0 arrives as more of the network’s services depend on confidential execution, automation and cross-chain workflows, all of which create more complicated failure modes than a simple price-feed request. Better telemetry will not make those systems infallible, but it can shorten the time between a problem occurring and an operator understanding what actually caused it. For infrastructure that moves increasingly large amounts of value, that operational clarity is becoming part of the security model itself.

This article was written by the News Desk and edited by Samuel Rae.

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