# Digital Assets Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Digital Assets", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Strategy Counters MSCI's Plan to Exclude MSTR from Global Indices

Strategy Inc. (MSTR) has publicly challenged MSCI's proposal to exclude the largest corporate Bitcoin holder from its global equity indexes. The index provider's consultation introduces a two-step filter to identify "non-operating companies," where firms failing a primary operational assets test face further financial ratio screenings. MSTR, classified as such due to its Bitcoin treasury model, risks removal alongside firms like Yellow Cake and Metaplanet. MSCI estimates potential exclusion of three companies from its ACWI IMI index as of May, with MSTR being the only large-cap firm, facing an estimated $2.8 billion in passive fund outflows. The company argues that digital assets are legitimate and index providers should not dictate what assets companies hold. This new proposal replaces a previous, more crypto-specific rule that MSCI abandoned after criticism. With MSTR's stock trading close to the value of its Bitcoin reserves, its premium is minimal, and the availability of spot Bitcoin ETFs offers direct exposure without corporate risks. Feedback on the proposal closes September 30, with results announced by October 16 and any changes taking effect in November 2026.

cryptonews.ru23h ago

Strategy Counters MSCI's Plan to Exclude MSTR from Global Indices

cryptonews.ru23h ago

Cashi Launches Card for Paying with Stablecoins in Hong Kong

Cashi has launched a payment card in Hong Kong that allows users to spend stablecoins and earn cashback, with Thredd serving as the AI-powered payment processing partner. The Cashi app enables users to store, transfer, and spend digital assets for everyday expenses like groceries, subscriptions, online shopping, and travel. Currently, virtual Visa cards and Google Pay are available in Hong Kong. The company plans to expand to Mexico by the end of 2026, where it will introduce physical cards and Apple Pay support. This launch in Hong Kong and Mexico is intended as a stepping stone for Cashi's further global market expansion.

cryptonews.ru2 days ago 11:11

Cashi Launches Card for Paying with Stablecoins in Hong Kong

cryptonews.ru2 days ago 11:11

The Dollar is a Technology: Stablecoins Are Exporting U.S. Institutions to the World

This article argues that stablecoins and blockchain infrastructure are becoming a vehicle for exporting American financial systems globally. The core thesis is that the U.S. dollar, as a "technology," is increasingly embedded in blockchain rails, moving beyond a reserve currency to represent the institutional stability of the United States itself. The piece highlights three key areas where this is happening: 1. **Cross-border payments and trade finance:** Companies like Keyrails use stablecoins and blockchain to streamline and secure trade finance for emerging markets (e.g., Nigeria-China trade), offering faster, often cheaper dollar liquidity than traditional systems. 2. **Programmable collateral and credit:** Platforms like SemiLiquid allow institutions to use tokenized assets (e.g., treasuries, stocks) as "programmable collateral" for loans without moving them from custody, unlocking capital efficiency and improving transparency in institutional lending. 3. **Financing real-world assets:** Protocols like USD.AI create lending markets for productive, hard-to-finance assets like AI GPUs, connecting global stablecoin liquidity to physical capital. The author concludes that the true value of these new blockchain-based financial platforms lies not just in transaction volume, but in the deep, hard-to-replicate "context" (data, trust, operational knowledge) they build around specific economic activities like trade and asset finance. This represents crypto's evolution into an operating system for real-world capital formation, moving beyond speculation.

marsbit2 days ago 08:12

The Dollar is a Technology: Stablecoins Are Exporting U.S. Institutions to the World

marsbit2 days ago 08:12

Saylor Categorizes Digital Assets into Four Categories on the Monetary Spectrum

MicroStrategy Chairman Michael Saylor has categorized digital assets on a monetary spectrum from most volatile to most stable. In an August 13th post, he identified Bitcoin as "digital capital," his company's MicroStrategy equity (STRC) as "digital credit," the token SR-strcUSX as "digital money," and Tether's USDT as "digital currency." He positioned Bitcoin as the ideal store of value and stablecoins like USDT as the ideal medium of exchange, with MicroStrategy's products bridging the gap. Saylor described STRC, variable-rate perpetual preferred shares paying 12% annual cash dividends, as a semi-stable, high-yield store of value or "digital credit." He stated financial engineering transforms this credit into "digital money," exemplified by the SR-strcUSX token on Solana, which offers targeted 7% yields from STRC exposure. Separately, he highlighted the launch of a Brazilian ETF (DIGY11) providing access to STRC with monthly real-denominated payments. Saylor's framework suggests assets on the left (like Bitcoin) are for growth, while those on the right (like stablecoins) are for stability and utility.

cryptonews.ru2 days ago 19:52

Saylor Categorizes Digital Assets into Four Categories on the Monetary Spectrum

cryptonews.ru2 days ago 19:52

Copper's US Unit Joins FINRA and Registers with SEC as Broker-Dealer

The digital asset infrastructure provider Copper has established a regulated presence in the United States. Its American subsidiary, Copper Markets (US) Inc., has successfully registered with the U.S. Securities and Exchange Commission (SEC) as a broker-dealer and has become a member of the Financial Industry Regulatory Authority (FINRA). This membership, effective as of August 7, allows the company to expand its institutional custody and trading infrastructure in the U.S. market. The newly regulated entity plans to offer qualified U.S. institutional clients a suite of services, including custody, staking, financing, and over-the-counter (OTC) trading. A key offering will be access to Copper's ClearLoop network, enabling clients to transfer and move crypto and tokenized assets as collateral between counterparties. Copper frames this expansion as achieving a "qualified custodian" status. Under SEC rules, registered broker-dealers that hold client assets in customer accounts can potentially meet custodian requirements.

cryptonews.ru2 days ago 12:14

Copper's US Unit Joins FINRA and Registers with SEC as Broker-Dealer

cryptonews.ru2 days ago 12:14

BitGo Reports $19 Million Loss in Q2 Despite 80% Revenue Surge to $4.3 Billion

Digital asset infrastructure company BitGo reported a net loss of $19 million in the second quarter of 2026, despite an 80% year-over-year increase in revenue to $4.3 billion. The net loss narrowed from $60.7 million in Q1, while quarterly revenue grew 14.7%. The company attributed the shift to a loss from a year-ago profit primarily to an $18.8 million unrealized loss on digital assets, compared to a $55.8 million unrealized gain previously. CEO Mike Belshe stated results were below expectations, citing lower profitability due to reduced margins and an unfavorable revenue mix. He explained the margin pressure came from narrower spreads on certain spot trades and a smaller contribution from derivatives. BitGo approved a stock buyback program of up to $50 million and expects cost-cutting measures, including a roughly 15% workforce reduction in June, to yield about $15 million in annual cash savings. The company anticipates lower expenses in Q3. Following the earnings report, BitGo's stock fell 1.8% in after-hours trading to $4.90.

cryptonews.ru2 days ago 11:57

BitGo Reports $19 Million Loss in Q2 Despite 80% Revenue Surge to $4.3 Billion

cryptonews.ru2 days ago 11:57

Nasdaq to Acquire LeveL Markets to Develop 24/7 Markets

Nasdaq has agreed to acquire LeveL Markets, the third-largest alternative trading system (ATS) in the US by trading volume, to advance tokenized markets and 24/7 trading. The platform, which Nasdaq first invested in during 2021, processes hundreds of millions of shares daily and serves over 2,500 clients. Post-acquisition, LeveL Markets will retain its FINRA-regulated ATS status and operate within Nasdaq's new Digital Liquidity Networks division, aimed at programmable, round-the-clock markets. This move is part of Nasdaq's broader strategy to develop tokenized securities markets, building on its 2025 proposal for trading tokenized stocks and its 2026 partnership with Kraken and Backed. Other major exchanges like Cboe, the London Stock Exchange, and the New York Stock Exchange are also pursuing similar 24/7 trading initiatives. The SEC plans a roundtable in September 2026 to discuss the transition to 24-hour US stock trading, reflecting significant market evolution. The tokenized stock market has grown over sixfold in the past year, from approximately $381 million in August 2025 to nearly $2.5 billion.

cryptonews.ru08/11 20:56

Nasdaq to Acquire LeveL Markets to Develop 24/7 Markets

cryptonews.ru08/11 20:56

ARP Digital Secures VARA Broker-Dealer License in Dubai

ARP Digital, a digital asset infrastructure provider for institutional operations, has secured a broker-dealer license from Dubai's Virtual Assets Regulatory Authority (VARA). Based in Bahrain, the license allows the company to conduct regulated exchanges of digital assets and stablecoins for UAE dirhams. It applies to UAE-registered corporations, capital market participants, and qualified investors. The license facilitates regulated capital movement into digital assets for investment in local UAE assets, making Dubai ARP Digital's second regulated market in the Gulf, following its license from Bahrain's Central Bank. The company reported processing over $3.5 billion in transactions in 2025, a fourfold increase from the previous year, serving over 450 institutional clients. The announcement coincides with the expansion of Dubai's regulated virtual asset sector, which recently issued its 50th license. Concurrently, crypto market maker Flowdesk also received a full VARA broker-dealer license to serve qualified investors.

cryptonews.ru08/11 20:47

ARP Digital Secures VARA Broker-Dealer License in Dubai

cryptonews.ru08/11 20:47

ARP Digital secures Dubai VARA broker-dealer license

ARP Digital, an institutional digital asset infrastructure provider based in Bahrain, has obtained a broker-dealer license from Dubai's Virtual Assets Regulatory Authority (VARA). This license authorizes the firm to offer regulated conversions between digital assets, including stablecoins, and the UAE dirham for corporates, capital markets participants, and qualified investors within the UAE. It also provides institutions a regulated pathway to convert digital asset capital for investment into local assets. This marks ARP Digital's second regulated market in the Gulf, following its license from the Central Bank of Bahrain, where it reports processing over $3.5 billion in volume. The approval coincides with Dubai's expansion of its regulated digital asset sector, with VARA recently issuing its 50th service provider license. On the same day, crypto market maker Flowdesk also received a full VARA broker-dealer license.

cointelegraph08/11 18:00

ARP Digital secures Dubai VARA broker-dealer license

cointelegraph08/11 18:00

Nasdaq to acquire LeveL Markets in push toward ‘always-on’ markets

Nasdaq has agreed to acquire LeveL Markets, a major U.S. alternative trading system, as part of its strategy to develop tokenized and "always-on" markets. LeveL, in which Nasdaq first invested in 2021, processes hundreds of millions of shares daily for over 2,500 clients. It will join Nasdaq's new Digital Liquidity Networks unit. Following the acquisition, which is pending regulatory approval, LeveL will remain a FINRA-regulated ATS with its own management. This move expands Nasdaq's push into 24/7 programmable markets. The company previously proposed allowing tokenized securities to trade on its exchange and has partnered with firms like Kraken to build related infrastructure. Other major exchanges, including Cboe and the NYSE, are pursuing similar plans for extended hours and on-chain settlement. The SEC has scheduled a roundtable to discuss 24-hour U.S. equity trading. Meanwhile, the tokenized equities market has grown significantly, with its value soaring from around $381 million in August 2025 to nearly $2.5 billion.

cointelegraph08/11 16:46

Nasdaq to acquire LeveL Markets in push toward ‘always-on’ markets

cointelegraph08/11 16:46

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