Our Scans · (FS.1.05) Custody Services · Weekly Summary

• Regulatory uncertainty: The regulatory landscape for tokenized assets continues to evolve globally, with potential for new compliance requirements that could affect trading, custody, or redemption processes. Discovery Alert
• With central banks globally still navigating the tailwinds of loose monetary policy, and geopolitical risks adding further stress, gold offers a hedge with no counterparty risk. DirectorsTalk Interviews
• The Cayman Islands has introduced new crypto licensing regulations that will require virtual asset service providers offering custody and trading services to obtain approval from the Cayman Islands Monetary Authority. CryptoSlate
• The FPC agreed that shortening the UK securities settlement cycle to T + 1 would bring financial stability benefits from reduced counterparty credit risk in financial markets. Global Regulation Tomorrow
• Shortening the UK securities settlement cycle to T + 1 will bring important financial stability benefits from reduced counterparty credit risk in financial markets. GOV.UK
• The approval of spot Bitcoin ETFs in the U.S. marked a historic moment for crypto, opening doors for institutional investors who previously hesitated due to regulatory concerns and custody risks. Unlock Blockchain
• Regulatory leaders in markets like Singapore, the United Arab Emirates and the United Kingdom will drive a race to the top with frameworks that address key issues like tokenization standards and digital asset custody. Ripple
• The global platform is designed to enhance the trading experience by offering a high cash leverage and a decentralized custody solution and cross-collateralization that keeps users in control of their assets, reducing the risks associated with traditional centralized exchanges. Grit Daily News
• Bitcoin will grow significantly in British finance in the coming years because of its implementation as a means of custody services, trading platforms, and payment integration. BusinessCloud
• The risk to a central counterparty from the failure of a systemic bank may be overblown because of the substantial amounts of pre-positioned liquidity that banks have had to maintain since the global financial crisis, new research states. Risk.net
• Geopolitical risks will be a key component of the 2025 EU-wide stress test, which will include exploratory scenario analysis assessing banks' ability to model counterparty credit risk while under stress. European Central Bank - Banking Supervision
• Planned reforms to EMIR in 2024 will impact all users of derivatives in the EU (and, indirectly, UK and other non-EU users of derivatives that face EU counterparties), especially banks, investment firms and asset managers. Lexology
• The Office of the Comptroller of the Currency will create a pathway for national banks to custody digital assets, leading the world's top four custody banks to offer digital asset services: BNY, State Street, JPMorgan Chase, and Citi. Galaxy
• When a nuclear power like the United States extends security guarantees to many smaller regional powers threatened by nuclear-armed adversaries, a similar counterparty risk can emerge. War Room - U.S. Army War College
• Singapore Re uses retrocession to manage catastrophe risks and increase underwriting capacity, with the retrocession panel composed primarily of highly rated counterparties. Insurance Business
• Last year, the courts grappled with issues arising from Russian sanctions and counterparty risks and we can expect that commodity disputes in 2025 will continue to reflect key trends, driven by evolving geopolitical, economic, and regulatory factors. Hfw
• Syrian residents will retain full custody of their digital assets, ensuring a transparent and equitable system under transitional government oversight. Crypto News Flash
• In compliance with regulatory requirements, Bybit plans to transfer unclaimed assets valued over 10 USD Coin to Coinhouse, a licensed cryptocurrency custodian in France. DMR News
• Bybit plans to transfer unclaimed assets exceeding 10 USD Coin USDCUSD to Coinhouse, a licensed cryptocurrency custodian in France. TradingView
• Orbix Custodian will play a crucial role in supporting digital asset businesses, enhancing the security of assets held by the licensed digital asset custodian in Thailand. Blockhead
• The repeal of SEC Rule SAB 121, either by the SEC or Congress, will pave the way for banks and brokers to custody spot crypto, further integrating digital assets into traditional financial infrastructure. VanEck's 10 Crypto Predictions for 2025 | VanEck
• Network managers at global custodians and broker-dealers will have to update their due diligence as and when more institutions start trading digital assets, including cryptocurrencies. Ripple

Last updated: 27 June 2025