funds

SEC

2026-10-02 19:00:09

SEC proposes custody rule framework for advisers and funds holding crypto assets

The U.S. Securities and Exchange Commission has proposed a new rule aimed at creating a clearer custody framework for registered investment advisers and regulated funds that hold crypto assets. Under the proposal, digital assets could be held through state trust companies in certain cases, and self-custody arrangements would also be permitted if specific conditions are met. SEC Chair Paul S. Atkins said the current custody rules were largely built for traditional assets and do not fully address the needs of crypto asset custody. The agency said the proposal is meant to remove some of the regulatory barriers that currently affect advisers offering crypto-related investment advice, while also giving regulated funds more options for investment strategies tied to crypto assets. The proposal would also revise requirements related to financial statement audits and broker-dealer custody services. It is not a final rule, and the SEC will seek public comment for 60 days before making a final decision.

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South Korea

2026-10-02 06:13:38

South Korea proposes tokenization rules for stocks, bonds and funds

South Korea’s financial regulators have proposed a draft regulatory framework for tokenized stocks, bonds and funds, according to Techub News, citing Crypto.news. The proposal sets a retail over-the-counter, or OTC, trading cap of 100 million won before the rules take effect on Feb. 4, 2027. The draft is intended to give traditional financial asset tokenization a clearer regulatory structure. The move points to a more defined compliance path for tokenized versions of conventional securities and fund products in the Korean market, though the brief did not disclose additional implementation details beyond the cap and the effective date.

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South Korea F

2026-10-01 06:21:26

South Korea’s FSC proposes broader tokenized securities scope to include stocks, bonds and funds

South Korea’s Financial Services Commission has issued a notice of proposed revisions to subordinate rules tied to the institutionalization of token securities, according to Odaily, citing Yonhap News Agency. The proposal would widen the range of securities eligible for tokenization by bringing traditional instruments such as stocks, bonds and funds into scope. Under the draft, tokenization would no longer be limited to fractional investment securities, including non-monetary trust beneficiary certificates and investment contract securities. The revisions would also clarify distributed ledger requirements under electronic securities rules. Participants would need to include an electronic registration institution and at least two account management institutions. The proposal also bars the use of direct payments on a distributed ledger for electronic registration purposes.

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SFC

2026-09-28 03:25:50

Hong Kong’s SFC and AFRC sign new MOU to widen cooperation on financial reporting oversight

Hong Kong’s Securities and Futures Commission, or SFC, has signed a new memorandum of understanding with the Accounting and Financial Reporting Council, or AFRC, to expand regulatory cooperation into the financial reporting of licensed corporations and funds. According to the SFC, the new arrangement broadens the scope of coordination between the two regulators beyond their existing work and places added focus on oversight of financial disclosures made by relevant entities. The stated aim is to strengthen supervision of financial information disclosure, improve market transparency, and enhance investor protection in Hong Kong’s financial market framework. The update was cited by Techub News, referencing the Hong Kong SFC.

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Market Analys

2026-08-20 01:43:00

Has Venture Capital Died? A Satirical Open Letter Says Smaller Funds Are Being Squeezed Out

PANews published a sharply satirical open letter by Michael Dempsey, translated by TechFlow, arguing that venture capital is being reshaped by larger funds moving down into seed-stage deals. The piece says founders are increasingly choosing brand-name firms, that only a handful of companies matter in any given year, and that capital is concentrating around AI. It also mocks the idea that small funds can still compete on price, access, or influence. Beyond seed investing, the letter urges managers to move into growth rounds, back obvious winners using existing data, and accept that the strongest founders are often the easiest to identify. The tone is intentionally dismissive, but the article’s core message is clear: scale, brand recognition, and capital concentration are making life harder for traditional early-stage investors.

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tokenization

2026-08-14 01:12:00

Bitwise Teams With Superstate to Tokenize Solana Staking ETF Shares

Bitwise announced on Aug. 14 that it has partnered with fintech firm Superstate to explore recording portions of its fund shares on the blockchain in tokenized form. The Bitwise Solana Staking ETF (BSOL) is expected to be the first fund to support the option. Under the plan the two companies are developing, tokenization would only change how fund share ownership is recorded — investors would still buy the same fund shares with identical rights. They could choose to hold via the Depository Trust & Clearing Corporation (DTC) in traditional book-entry form, or as blockchain tokens through Superstate's transfer agent infrastructure. Tokenized shares carry the same rights as traditional ones but would not be freely transferable outside the registration system. Bitwise noted that BSOL's tokenized shares still need to satisfy relevant legal and regulatory requirements, and the firm cannot guarantee when or whether the feature will officially launch. Other Bitwise funds could adopt a similar approach in the future.

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SEC

2026-08-13 09:41:22

SEC No-Action Letter Lets Franklin Templeton Use On-Chain Fund FOBXX for Cash and Collateral

The U.S. Securities and Exchange Commission's Division of Investment Management has issued a no-action letter to Franklin Templeton, permitting its registered funds to use the on-chain money market fund FOBXX, also known as BENJI, to manage cash and collateral via blockchain instead of following traditional custody rules. The letter, issued under Section 17(f) of the Investment Company Act of 1940 and Rule 17f-2, allows registered funds to hold FOBXX shares without satisfying certain physical vault requirements. This supports intraday trading, hourly net asset value calculations, and faster transaction processing. FOBXX primarily invests in U.S. government securities, aims to maintain a stable share price of $1, and has expanded to multiple blockchains. The development was reported by CoinDesk.

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CSRC

2026-07-23 12:15:41

China securities regulator calls for tighter enforcement and stronger capital market functions

China Securities Regulatory Commission said at a party-building and regulatory work meeting that it will push reforms to improve the inclusiveness and adaptability of market rules while carrying out measures tied to broader investment and financing reform. The regulator said it wants stock, fund, bond and futures markets to better serve their intended functions. The meeting also stressed tougher enforcement to protect fairness, openness and justice in the market. Authorities said they will focus on major and serious violations, step up case handling efficiency, and investigate financial fraud, insider trading and market manipulation in accordance with the law. The regulator also said it will strengthen oversight of new business models and advance the use of artificial intelligence in supervision. Other priorities included improving listed company governance, maintaining momentum in mergers and acquisitions, refining the “1+N+X” supervisory framework for securities firms, rolling out measures for fund company regulation, issuing futures company regulatory rules as soon as possible, and promoting standardized, healthy development in the private fund sector. The meeting also called for guarding against risks tied to financing platforms and real estate-related bond defaults while deepening two-way capital market opening in an orderly manner.

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