Banks Explore Tokenized Deposits, Launch Crypto Trading & $YLDS on Solana

The Banks’ Advance Tokenized Deposits, as well as consumer Crypto Trading

Two large international banks have unveiled a new joint venture aimed at creating an interoperability platform for tokenized deposits. The initiative is designed to allow seamless settlement of tokenized across both private and permissioned blockchains, potentially establishing an industry standard for cross-chain financial interoperability. Banks and financial institutions are also piloting “tokenised deposits” frameworks for 24/7 on-chain value transfer across permissioned and public chains, further reinforcing the growing shift toward blockchain development services-enabled financial infrastructure.

If broadly implemented this framework may enable institutional clients throughout Southeast Asia and the United States to:

• Make tokenized deposits to one another
• Transfer assets between platforms
• To redeem tokenized deposits balances across borders
• Pay your bills with the 24/7 live settlement

This initiative is a significant step towards making digital money system software compatible with other chains.

In a separate bank announcement that a nationally chartered U.S. financial institution has been named the first bank regulated in the nation to directly provide crypto trading services to customers who are retail. The bank’s platform will allow users to purchase, sell, and store numerous cryptocurrencies, which include bitcoin (BTC), Ethereum (ETH) and Solana (SOL).

The organization highlighted its “bank-grade security and compliance,” making the service an alternative to traditional cryptocurrency exchanges, particularly for people who are just beginning to enter the market for digital assets.

Additionally, Figure Technology Solutions announced that its subsidiary, Figure Certificate Company, will begin to mint their “$YLDS” tokens on Solana. Solana blockchain. The tokenized deposits are described as a secure, yield-bearing asset that is backed with U.S. Treasuries and repo agreements. It aims to combine traditional yield generation and modern DeFi infrastructure. Exponent Finance is expected to be the first company to adopt this token Solana blockchain development.

Major Digital Asset Partnerships: Custody, Fund Settlement & Stablecoin Credit

A major crypto exchange in the world has joined forces with a Canadian fintech mortgage platform to launch an institution-wide custody of digital assets and the staking program. The partnership allows the fintech firm to secure hold and secure the company’s Injective (INJ) assets through the institution-level custody platform of the exchange. The company is said to have made their first INJ acquisition in the framework of a $110 million INJ Treasury strategy, which indicates the growing interest from institutions in digital assets that are specific to ecosystems.

In another major institutional move an investment bank from the world and an administrator of hedge funds have concluded the first transaction on the brand new blockchain-based platform for servicing funds. The platform offers:

• Real-time tri-party settlement
• Automated coordination between transfer types of agent, fund managers and distributors
• Transparency from end-to-end using an encrypted private permissioned blockchain

The full rollout of the platform is anticipated to begin in 2026. The platform is set to modernize the operations of alternative investment funds.

In addition, an important U.S. cryptocurrency exchange as well as an asset manager for alternative assets have announced a partnership in order to create credit strategies that are stable for crypto. The expected launch date is 202.6 These strategies could include:

• Private credit tokenized deposits
• Fintech companies can lend money, and issuers of stablecoins
• The collateralized loan is secured by tokenized deposits
• Opportunities for yields based on stablecoins for institutions

This collaboration is designed to make credit markets more accessible to traditional consumers using tokenized deposits finance.

Regulatory Spotlight:

Industry and Banks Clash over GENIUS Act’s Implementation

The U.S. Treasury received nearly 400 public comments on its proposed rules pursuant to the GENIUS Act, an act that regulates stablecoins as well as oversight of digital assets.

The most important issue:

Do third-party platforms (like exchanges) be allowed to provide the possibility of yields for stablecoins?

The most important positions are:

• Crypto advocacy groups and tokenized deposits exchanges:
  Argue that third-party organizations ought to be permitted to offer reward programs or yield for stablecoins owned by customers while the issuers themselves are not prohibited from doing so.
• Banks:
  Claim that Congress wanted to impose a wide prohibition on all forms of interest that are tied to stablecoins-direct or indirect, and ask Treasury to enforce a clear interpretation.

The coming Treasury guidelines will establish if stablecoin yield products will be able to survive within the U.S. market.

IRS Issues Safe Harbor for Trusts Participating in Staking

The IRS has issued Revenue Procedure 2025-30, which provides a brand new safe shelter for certain grantor and investment trusts trusts who engage in crypto stakes. This safe harbor allows qualified trusts to hold crypto wallet development assets without losing their tax-favored tax treatment.

To be eligible trusts, they must satisfy 14 standards, which include:

• Listing on public exchanges and SEC-approved disclosures
• Only holding cash and one proof-of-stake asset
• Utilizing approved custodians who have sole control of the private key
• Staking is only through custodial partners
• Continuously staking all digital assets
• Protecting against the validityator the cutting
• Rewarding stakes only when they are the same type of asset

Trusts that are in existence have a nine-month period to modify their agreements to be in compliance with.

SEC Chair Outlines “Project Crypto” Vision for Digital Asset Regulation

SEC Chairman Paul S. Atkins recently gave new details about the AI project idea, which is the agency’s long-term strategy for building an unifying legal system for digital assets. The top priorities are:

1. Technology-neutral regulation
   

   Rules should be applied to the economic business but not the actual technology.

2. Clear token taxonomy
   

   Atkins suggests four types of digital assets.

• Digital commodities/network tokenized deposits
• Digital collectibles
• Digital tools
• Tokenized Securities is the only category that is considered to be securities

3. Separation of investment contracts from tokens
   

   An asset can cease to belong to an investment agreement after the contract is terminated or fulfilled.

4. Customized compliance regulations
   

   The SEC might issue exemptions specifically geared to crypto assets.

5. Tokenized deposits support and RWA markets
   

   The speech highlighted the importance of allowing RWA tokenization applications and modernizing the regulations for systems that are decentralized.

DOJ Creates Strike Force to Combat Crypto Scam Networks

The U.S. Department of Justice has established a Scam Centre Strike Force that is focused on tackling the pig-butchering scam, that are massive crypto-fraud operations that are typically operated by human trafficking networks located in Southeast Asia.

These frauds have robbed Americans of more than $10 billion a year according the U.S. officials.

Strike Force has already: Strike Force has already:

• Over $400 million worth of cryptocurrency tokenized deposits
• Start the process of returning funds to victims
• Co-operated together with partners from around the world to stop fraudulent compounds

This is one of the biggest initiatives of the DOJ aimed at organized crypto-related fraud.

Conclusion

The ecosystem of digital assets is expanding quickly across all frontsinstitutions, banking, blockchain development companies, taxation, along law enforcement. The banks are planning to increase tokenized deposits programs, retail crypto trading is becoming more mainstream and new yield-bearing prototype models are surfacing on chains such as Solana.

While regulators push towards clearer guidelines by launching initiatives like Project Crypto and The GENIUS Act rulemaking and the IRS’s pledge to secure harbor. As the use of digital assets increases, organisations like the DOJ are increasing enforcement of global crypto fraud.

Together, these developments show the current state of affairs in which traditional finance and blockchain technology are advancing with unprecedented speed, creating the conditions for the next wave of tokenized deposits, regulated and integrated digital financial services in real-world settings.

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