Markets Media

A large number of asset managers and their servicers are positioned to serve retail demand for private markets, according to Sven Eggers, head of private markets, EMEA, at State Street. State Street’s fifth annual Private Markets Study, Resilience Meets Opportunity, found that more than 84% of asset and wealth managers either already offer or plan to offer private markets strategies for individual investors.

On the one-year anniversary of the House’s bipartisan passage of H.R. 3633, the Digital Asset Market Clarity (CLARITY) Act, the Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, led by Subcommittee Chairman Bryan Steil (WI-01), hosted a field hearing at Federal Hall National Memorial in New York City. The hearing examined the CLARITY Act’s role in promoting innovation, protecting consumers, and strengthening America’s leadership in digital assets.

Nasdaq announced a landmark partnership with the National Bank of Georgia to modernize the treasury and financial markets infrastructure across Georgia’s banking sector. Five of the country’s largest commercial banks — Bank of Georgia, TBC Bank, Liberty Bank, Terabank and Basisbank — will adopt the Nasdaq Calypso platform under a shared, common infrastructure model spanning the full front-to-back trade lifecycle.

The Institute of International Finance (IIF) welcomed the European Commission’s report on strengthening the competitiveness of the European banking sector and advancing a more integrated Single Market for banking and financial services. Banks in Europe play a central role in financing households and businesses, supporting innovation, and mobilizing the investment needed to meet the EU’s economic and strategic priorities.

BitGo Bank & Trust, National Association, an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc., announced that it will provide institutional-grade qualified custody and off-exchange settlement services for USDM1, the world’s first natively issued onchain secured sovereign bond.

The Derivatives Service Bureau (DSB) published its 2026 Industry Consultation Final Report on 17 July 2026, in which participants welcomed the DSB’s discovery-led approach to engaging with stakeholders, aimed at deepening the DSB’s understanding of its users and the broader ecosystem in which they operate. A key principle of the DSB is to provide its UPI and OTC ISIN services on a cost-recovery basis, with costs allocated fairly among stakeholders.

The acquisition of prime broker Hidden Road by Ripple, the fintech that offers blockchainsolutions to business, has led to increasing revenues from gaining access to Ripple’s balance sheet and synergies from access to RLUSD, Ripple’s Genius-compliant U.S. dollar-backed stablecoin and potential cost savings from using XRP Ledger, the blockchain developed by Ripple.

Friday, July 17, 2026 |  10:00 | New York, NY Tags: Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence Click here to view the livestream of this hearing. Click here to view the Committee Memorandum. Witnesses Ms. Sarah Aberg, Chief Legal Officer, Nova Labs Inc. Ms. Randi Abernethy, Head of Cleraing and Group Risk, Bullish Mr. Ryan Louvar, Chief Legal Officer, WisdomTree Mr. Jason Somensatto, Director of Policy, Coin Center Legislation H.Res.

The T. Rowe Price Active Crypto ETF, designed to provide diversified exposure to the leading crypto assets, began trading on 16 July T. Rowe Price, a global investment management firm and a leader in retirement, announced the addition of the T. Rowe Price Active Crypto ETF (Ticker: TKNZ). The fund is the first actively managed multi-token spot exchange-traded product* offered in the marketplace. It began trading on NYSE Arca. T.

Linear, USD-settled options on BTC and ETH mark the first phase of a long-term build as options activity in crypto is set to track toward levels seen across traditional derivatives markets Kraken, one of the longest-standing, most liquid and secure cryptocurrency platforms, has launched a new suite of options contracts on Bitcoin (BTC) and Ether (ETH), giving a broader base of professional and institutional clients access to a part of the digital asset derivatives market that Kraken expects...