Bitcoin Updates: SFC Outlines Strategy to Harmonize Cryptocurrency Advancement and Safeguard Investors
- SFC proposes custodian guidelines and explores listed firms buying Bitcoin to boost institutional adoption and regulatory clarity. - DeLeion Capital launches real-time monitoring framework with audits to address sector volatility and fragmentation. - DBS and Goldman Sachs execute first OTC crypto options trade in Singapore, signaling maturing markets and institutional integration. - ASIC expands oversight, requiring $10M+ net assets for custodians and enforcing local laws on offshore platforms targeting
The Chairman of the Securities and Futures Commission (SFC) has revealed intentions to issue new guidelines for digital asset custodians and to assess whether it is viable for publicly listed firms to acquire
Recent events have underscored the need for such direction. DeLeion Capital, a global platform specializing in digital asset management, has introduced a sophisticated
The pace of institutional involvement is quickening, as shown by a groundbreaking deal between DBS and Goldman Sachs. These two financial institutions completed the first over-the-counter (OTC) cryptocurrency options trade involving both Bitcoin and
Regulatory systems are adapting as well. The Australian Securities and Investments Commission (ASIC) has broadened its regulatory reach over digital assets, clarifying that numerous tokens and stablecoins are subject to current financial regulations. The agency has established custodial requirements, mandating that companies hold up to $10 million AUD in net tangible assets, and has cautioned that overseas platforms serving Australian clients must still comply with local regulations,
Progress in infrastructure is also playing a pivotal role. BitGo, a prominent digital asset custodian, has added Canton Coin (CC) to its custody services, improving institutional access to tokenized real-world assets (RWAs), as noted in a
The SFC’s forthcoming guidance for custodians could help close existing regulatory gaps, providing secure and compliant storage options as more institutions turn to digital assets. The consideration of allowing listed companies to hold Bitcoin mirrors larger trends, such as DBS clients trading $1 billion in crypto options in the first half of 2025, as reported by Finews, and the global tokenization of $35 billion in RWAs.
As the distinction between conventional finance and digital assets continues to
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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