Binance announced another step in its recovery from October’s security breach, while DTCC outlined plans to connect its tokenization service to Solana. Banking partnerships, stablecoin integrations and new regulatory guidance feature in today’s edition.
Binance Says Asset Replacement Is Complete
Binance said it had finished covering customer assets affected by the October 29 security incident and published a new proof-of-reserves snapshot. The accompanying zero-knowledge proof was still being generated, meaning independent verification of the latest snapshot’s claimed minimum 1:1 backing remained pending. The update concerns replacement of affected assets and does not establish that the stolen cryptocurrency was recovered.
DTCC Plans to Connect Its Tokenization Service to Solana
DTCC announced plans to make eligible securities held by its DTC subsidiary available in tokenized form on Solana. The integration is scheduled for the second half of 2027, extending a tokenization service that began operating in October. DTCC said the blockchain-based positions would retain the ownership rights and investor protections associated with the underlying securities.
BNY Selects Figment for Institutional Staking
BNY will use Figment’s validator infrastructure to add staking capabilities to its digital-asset custody platform. According to Figment, Ethereum will be supported first, with Solana expected to follow, allowing eligible institutional clients to earn rewards on assets held through the bank. The companies have not disclosed a launch date.
Visa Adds Western Union’s USDPT as a Settlement Option
Anchorage Digital announced a collaboration allowing Visa and eligible partners to settle VisaNet obligations using Western Union’s USDPT stablecoin. Anchorage Digital Bank issues the token, which already operates on Solana. The companies also established a framework for evaluating additional Anchorage-issued stablecoins for future settlement support.
SoFiUSD Expands to Polygon
SoFi’s dollar stablecoin became available on Polygon, adding another network alongside its existing Ethereum and Solana support. Members can buy, sell, hold and convert SoFiUSD through the SoFi app, while businesses can access it through Polygon’s payments infrastructure. The token is redeemable for dollars through SoFi Bank, although the stablecoin itself does not carry FDIC deposit insurance.
New York Sets a Deadline for Crypto Marketing Policies
The New York State Department of Financial Services issued guidance requiring clearer oversight of advertising by the virtual-currency businesses it licenses or charters. Firms are expected to update their policies by May 10, 2027, addressing areas such as verifiable claims, disclosures and oversight of third-party promoters. The regulator also expects annual policy reviews and records that can be examined during supervision.
Tether Announces a Completed Audit of Its Gold-Token Issuer
Tether disclosed that KPMG U.S. had issued an unqualified opinion on the 2025 financial statements of TG Commodities, the company behind XAUT. The audited year-end figures showed approximately 520,089 fine troy ounces of allocated gold, valued at $2.246 billion, backing the outstanding tokens. According to Tether, the audit included physical inspection and counting of the individual gold bars.
Securitize and Ethena Activate BUIDL Liquidity Facility
Securitize and Ethena launched a facility allowing eligible holders of BlackRock’s BUIDL tokenized fund to exchange their positions for supported stablecoins outside normal market hours. It starts with $50 million in liquidity, divided equally between BUIDL and USDC, with another $50 million available within an hour as capacity is used. The November 12 development marks the operational launch of an initiative announced earlier in the year.
BitGo Adds USDC Minting and Redemption
BitGo introduced USDC minting and redemption through existing Go Accounts for eligible clients of its regulated trust-bank subsidiary. Orders are routed through BitGo’s Circle Mint account, with fees disclosed before customers confirm a transaction. Blockchain processing can operate around the clock, while dollar deposits and withdrawals remain subject to banking schedules.
Tron, Tether and Chainalysis Form Crime Task Force
Tron, Tether and Chainalysis announced a Digital Crime Task Force focused on illicit activity involving USDT on the Tron network. The initiative will combine transaction intelligence with coordination between its members and law enforcement, aiming to accelerate action against suspicious funds. Its stated priorities include investment scams, hacks, terrorist financing and North Korean cybercrime.
Griffin Raises $20 Million for Banking and Stablecoin Expansion
UK bank Griffin announced a $20 million Series B led by Octagon Partners, valuing the business above $100 million. The funding will support card issuance and the development of stablecoin services, including reserve capabilities and blockchain-based cross-border payments. These additions are planned extensions to Griffin’s existing banking platform.
Jupiter Opens a USDGO Lending Market
Jupiter introduced a lending market for USDGO on Solana, enabling users to supply the stablecoin for interest or borrow it against supported cryptocurrency collateral. USDGO is issued by Anchorage Digital Bank and operated and distributed by OSL Group. Bitget Wallet also integrated the market, providing access to the lending and borrowing functions within its wallet interface.
MidChains Partners With Standard Chartered
MidChains announced a banking partnership under which Standard Chartered will provide fiat settlement, segregated client-money accounts and correspondent banking services. The arrangement supports the UAE digital-asset platform’s institutional operations and the movement of funds between banking and cryptocurrency markets. MidChains holds a broker-dealer license from Dubai’s Virtual Assets Regulatory Authority.