OCC finalizes GENIUS Act rules for stablecoin issuers and custody

The signing follows shareholders’ acceptance of Standard Chartered’s non-binding offer in May, with regulatory approvals still pending. Standard Chartered signed definitive agreements to acquire Zodia Custody’s regulated operating entities, subject to regulatory approvals and closing conditions. The signing advances a transaction announced in May, when Zodia’s shareholders accepted the bank’s non-binding offer. As part of the deal, Standard Chartered would acquire 100% of Zodia Custody UK Limited, the parent company of Zodia’s regulated operating entities in Singapore, Hong Kong, Australia, Luxembourg and the United Arab Emirates, the bank said in a Wednesday announcement. The transaction would integrate Zodia’s crypto custody business into Standard Chartered’s existing Securities Services operations. Zodia would also transfer its software and professional-services assets to Zodia Solutions, an independent entity under SC Ventures, which would provide digital asset infrastructure for financial institutions. The UK-based lender reportedly began considering folding Zodia’s crypto custody business into its corporate and investment banking division in April.

Deutsche Bank reportedly intends to debut its crypto custody services in Germany and plans to expand them across Asian financial centers in 2027. The rapid growth of the digital asset economy, including hundreds of billions of dollars held in stablecoins, is driving the bank’s plans, Gerald Podobnik, co-head of Deutsche Bank’s corporate bank, told Reuters in a Friday report. Podobnik added that the move is part of Deutsche Bank’s goals to achieve compound annual growth of 8% in corporate banking by 2028. The bank’s custody service will initially support Bitcoin (BTC), Ether (ETH) and select stablecoins, including Circle USDC (USDC), EURC (EURC) and AllUnity EUR (EURAU), according to a Sept. 16 press release. A spokesperson for Deutsche Bank recently told Cointelegraph that it expects to receive regulatory approval for the custody offering in October, under the Markets in Crypto-Assets Regulations (MiCA). The European Securities and Markets Authority’s interim MiCA register showed that Deutsche Bank received authorization from Germany’s Federal Financial Supervisory Authority (BaFin) on Monday.

Oct 21, 2026, 11:00 a.m. EDT5 min readRésuméYou're reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Wednesday. Fixed-rate lending is the clearest growth lever for real-world assets (RWAs) in decentralized finance (DeFi). It unlocks a strategy that credit desks have run for decades but DeFi has never meaningfully implemented: buy a quality income asset, borrow against it at a locked rate below the asset’s yield and buy more of the asset. Stablecoins are steadily sitting around $300 billion in supply and aggregate vault assets are nearing the $20 billion milestone. Morpho alone carries more than $16 billion in deposits, most of it in variable-rate markets priced on pool utilization, which serve crypto-native traders who manage liquid positions in real time but leave longer-dated borrowers with uncertainty. Fixed-rate, fixed-term lending closes that gap by matching the term of the loan to the duration of the collateral, especially for RWAs whose redemptions can settle anywhere from T+7 to T+90.

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