A Daily Network publication
Explore the network
Digital Capital Daily
Independent Intelligence on Institutional Digital Assets
Monday, October 5, 2026The Morning Brief →Sign in
Digital Capital Daily FeaturesAll features →
The Open Ledger

SEC custody proposal would make state trust companies qualified custodians

Adviser self-custody would require proving expertise and the absence of any willing qualified custodian, while state-chartered trusts would become eligible to hold client digital assets.
The Open Ledger

Lloyds and Visa settle $750,000 in USDC in a seven-day cross-border pilot

The payment moved from Jersey to the United States in under an hour, with Lloyds on Canton and Visa on a second blockchain the coverage does not name.
The Open Ledger

HSBC hedges HANetf bitcoin ETCs while readying Hong Kong dollar stablecoin

The bank is hedge counterparty on HANetf's sterling- and euro-hedged crypto ETCs and plans RedCoin for PayMe and its mobile app.

Movement coverage returns with the next weekday edition.

The Wire
Mar 31Onur Erzan — AllianceBernstein L.P. → AllianceBernstein L.P.
Mar 31Onur Erzan — AllianceBernstein → AllianceBernstein
Mar 30Seth Bernstein — AllianceBernstein L.P. → AllianceBernstein L.P.
Dec 31Zar Toolan — to Certified Financial Planner Board of Standards Inc.
Dec 31Drew McMorrow — to Certified Financial Planner Board of Standards Inc.
Dec 31Evelyn Zohlen — to Certified Financial Planner Board of Standards Inc.

Nov. 3 midterms will decide SEC oversight and crypto's tax bills

CoinDesk's State of Crypto reads the House as likely to flip and the Senate as a tossup, with two tax bills and agency rulemaking the near-term tracks.

Senate rejects Clarity Act 49-50; KBW says crypto M&A trajectory holds

The market-structure bill was short of the 60 needed to advance on Sept. 15, leaving SEC exemptions and a custody proposal as the rulebook dealmakers are underwriting.

Illinois agrees to six-month crypto tax delay pending court approval

Draft rules would charge customers on asset value rather than gains and cover paid custody, transfers and stablecoin settlement.

OKXICE venture tells SEC it plans 24/7 tokenized U.S. stock venue

The venue would open with more than 60 U.S.-listed companies, under an SEC exemption that gives issuers 30 days to object and runs five years.

Ripple and CSD BR describe XRP Ledger mirror of Brazilian fund records as live-transaction work

CSD BR keeps official registration, deposit and settlement records while publishing a second copy of fund ownership onchain for BTG Pactual funds.

SF Fed study finds stablecoin Treasury demand only partly offsets China's retreat

Issuers favor short-term debt while the decline in Chinese holdings has landed mostly on longer-dated securities, the San Francisco Fed paper reports.
Data
394deals on the tracker this week — every one verified by the newsroomThe RIA Deal Tracker →
322advisor and executive moves on the wire this weekThe Moves Wire →
17,989firms, funds, and people in PWD’s coverageFirm & Fund Lookup →
Earlier coverage
Every weekday · 6:30 a.m. ET

The Morning Brief

The latest from Digital Capital Daily, in your inbox every weekday. Free.