Policy Event ยท High impact

The Clearing House Selects Quant For Tokenized Deposit Settlement Network

The Clearing House selected Quant to support its On-Chain Money Initiative, an interoperable network for financial institutions to clear and settle tokenized deposit transactions. The project links tokenized bank money with existing RTP and CHIPS rails, raising controls around account identity, settlement finality, reversals and permissioned operator powers.

High impact๐Ÿ‡บ๐Ÿ‡ธ United StatesTokenizationBankingRegulationRWAUSDThe Clearing HouseQuant

APAC FINSTAB analysis

Although this is outside core APAC, it is relevant because global market-structure, enforcement, and stablecoin precedents often shape licensing expectations for APAC exchanges, issuers, custodians, and DeFi teams. Protocols/assets in scope: RWA, USD. Named institutions or platforms: The Clearing House, Quant. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

View related Tokenization tracker page โ†’

Related policy events

AUSTRAC Flags InBrief Risk Management Guidance For Reporting Entities

AUSTRAC said its Spring InBrief issue will include risk management tips for reporting entities. The update is a low-intensity but relevant AML/CTF supervisory signal for Australian digital currency exchange and virtual asset service providers that monitor AUSTRAC guidance channels for control expectations.

Low impact๐Ÿ‡ฆ๐Ÿ‡บ AustraliaAMLRegulation

California Signs AB 2409 To Restrict Public Official Meme Coins

California Governor Gavin Newsom signed AB 2409, barring public officials from issuing meme coins and restricting companies from offering meme coins tied to a public official's name, image or likeness. The rule turns political-personality tokens into a platform listing, promotion and issuer-screening compliance issue.

High impact๐Ÿ‡บ๐Ÿ‡ธ United StatesRegulationLicensingExchangeMEME

South Korea Stablecoin Debate Moves Toward Issuance And Liquidity Safeguards

South Korean market participants called for won stablecoin rules to cover initial circulation, issuance and redemption channels, reserve controls and secondary-market liquidity after recent exchange listings showed sharp price deviations. The debate broadens stablecoin oversight beyond issuer capital and reserves into market structure and listing controls.

Medium impact๐Ÿ‡ฐ๐Ÿ‡ท South KoreaStablecoinRegulationExchangeKRWJPYC