#digital-assets

#digital-assets

David Sacks announced his transition to co-chair of the President's Council of Advisers on Science and Technology, stating, 'I can now make recommendations on not just AI but an expanded range of technology topics.'

The collaboration creates a unified solution for managing tokenized collateral, allowing institutional market participants to bridge the gap between traditional and digital asset ecosystems in New York and global jurisdictions.

Fidelity Investments, one of the largest asset managers on the planet, announced on Wednesday it will launch its own stablecoin. Like other stablecoins, Fidelity's token-known as the Fidelity Digital Dollar or FIDD-will be fully backed by reserves to ensure it maintains a 1-to-1 peg to the dollar. The company said FIDD will be available from Fidelity and on exchanges in the coming weeks, and that it will be available to both institutional and retail clients.

The U.S. Office of the Comptroller of the Currency (OCC) has granted conditional approvals for five digital asset firms - Ripple, Circle, Fidelity Digital Assets, BitGo, and Paxos - to become federally chartered national trust banks, marking a major milestone in the integration of cryptocurrency into traditional finance. The approvals, announced Friday, allow the firms to convert from state-level trust charters to federal status, subject to meeting the OCC's conditions.

Corporate investing may sound like something that only happens behind closed boardroom doors, but quite simply, it's about making smart financial decisions. Companies invest in order to strengthen their future, balance their risk, and create more profit. Whether it's placing money in stocks, real estate, or cutting-edge tech, the goals of being resilient and profitable stay the same. Most businesses have been looking beyond the more traditional investment routes and into emerging areas. These are areas that include sustainability, green energy, and digital assets.

Federal Reserve Governor Christopher Waller says the central bank is entering a "new era" in payments - one that openly embraces decentralized finance (DeFi), distributed ledgers, and digital asset innovation as part of the mainstream financial system. Speaking Tuesday at the Fed's first-ever Payments Innovation Conference in Washington, Waller said the central bank intends to play an "active role" in the crypto revolution transforming the global payments landscape.