The Depository Trust & Clearing Corporation (DTCC), a key player in U.S. financial market infrastructure, announced the successful completion of its U.S. Treasury Collateral Network tokenization pilot project. The project demonstrated strong functionality and potential within the industry. Four investors, four banks, two central counterparties, and three custodians participated, testing 10 different use cases, with data privacy ensured by the Canton Network. The successful outcome showed that tokenized assets can be used to optimize collateral management.

The Eigen Foundation, behind the EigenLayer restaking protocol, has announced that transfer restrictions on the EIGEN token will be lifted on September 30, 2024. Once transferability is enabled, stakeholders will be able to trade and transfer their tokens. This update follows the distribution of 86 million EIGEN tokens during the protocol’s second “stakedrop” season.

U.S.-based crypto broker Kraken has completed the acquisition of one of the Netherlands’ oldest registered crypto brokers, Coin Meester B.V. This acquisition aims to expand Kraken’s efforts in the European market and strengthen its position as a registered Virtual Asset Service Provider (VASP) within the European Union. Following the acquisition, Kraken can now offer VASP services either directly or through partnerships in Germany, Spain, Italy, the Netherlands, Belgium, Ireland, France, and Poland.

The Hong Kong Monetary Authority has launched a second pilot program for the e-HKD, focusing on the settlement of tokenized assets, programmability, and offline payments. Participants in this phase include the Bank of China, Hang Seng Bank, HSBC, Aptos Labs, Visa, and Mastercard. This is part of Hong Kong’s ongoing central bank digital currency (CBDC) experiment, aimed at testing the commercial viability of the e-HKD.

The U.S. Securities and Exchange Commission (SEC) announced a settlement with TrueCoin LLC and TrustToken Inc. after filing charges regarding the unlawful sale of the TrueUSD (TUSD) stablecoin. TrueCoin, the issuer of TUSD, and TrustToken, the issuer of the TrueFi lending protocol token, neither admitted nor denied the charges but agreed to pay fines of $163,766 each. In addition, TrueCoin will pay an additional $340,930 in compensation.