Policy Event Β· High impact

BNY Mellon Advances Tokenized Treasury Settlement Plan

BNY Mellon is preparing 24/7 U.S. Treasury settlement infrastructure and plans tokenized Treasury pilots before the end of 2026. The move pushes tokenized securities and stablecoin-linked settlement from experiments toward regulated market infrastructure.

High impactπŸ‡ΊπŸ‡Έ United States🌐 GlobalTokenizationStablecoinCustodyUSDCBNY Mellon

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: USDC. Named institutions or platforms: BNY Mellon. 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 β†’

Related policy events

FinCEN Flags Nearly 13 Billion Linked To Overseas Digital Asset Scam Centers

FinCEN published an analysis identifying nearly $13 billion in suspected digital asset scam activity operated by overseas scam centers. The alert raises BSA monitoring expectations around USDT flows, DeFi conversion paths, and suspicious activity reporting by financial institutions.

High impactπŸ‡ΊπŸ‡Έ United StatesAMLEnforcementStablecoinDeFiUSDT

CFTC Moves To Dismiss CME Suit Over Crypto Perpetuals Regulation

The CFTC reportedly moved to dismiss CME's lawsuit over crypto perpetual contract regulation, arguing CME lacks standing because current policy also allows CME to list comparable products. The dispute sharpens the regulatory path for US-listed crypto perpetuals, including venue qualification, clearing, margin and self-certification controls.

High impactπŸ‡ΊπŸ‡Έ United StatesRegulationExchangeEnforcementBTCETH