AGP Executive Report
Last update: 11 hours agoRipple’s Banking Push: The OCC gave Ripple final approval for a national trust bank charter, allowing fiduciary custody and management of RLUSD reserves, but not deposits or commercial lending. Robinhood is adding RLUSD to its blockchain and Bitstamp, adopting Ripple Treasury and expanding institutional settlement ties. Tokenized Finance: Aviva launched a sterling-fund share class on the XRP Ledger and invested £50 million; tokenized classes across its funds now hold about £86 million. Spiko’s tokenized money-market funds reached $3 billion, up 536% in a year, with most assets on Stellar. But 26 companies have objected to OKX-ICE’s plan to offer tokenized versions of their shares. Crypto Access and Risk: Bitget Wallet added USD and EUR receiving accounts that convert deposits into stablecoins. Separately, Predict.fun users reportedly lost $260,000 in a wallet drain, and the CFTC is probing Polymarket’s controls and US advertising. Network Watch: Ethereum developers fixed a Glamsterdam upgrade bug that could have put validator deposits at risk; no losses were reported. Strategy paused Bitcoin purchases and spent about $205 million buying back preferred shares.
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