Digital Assets

The largest US banks plan to launch a tokenized deposit network in 2027 to connect traditional payment rails with the infrastructure that digital assets run on, according to Techmeme. This new network could help banks compete with stablecoins and crypto firms.

The HYPE token has seen a significant increase in value, rising ~180% year-to-date, and surpassing $16 billion in market value, entering the top 10 digital assets by market capitalization.

Samsung Securities, SDS, and Card units acquired a 4% stake in Dunamu, operator of South Korea's largest cryptocurrency exchange, for ~$446M in cash to capture growth opportunities in the digital asset sector.