12th September 2025 > > Regulation, DigiFT, & LINK.

tl;dr

Yet more positive regulatory news out of the US. DigiFT teams up with UBS and one of our perennial favourites, Chainlink.

Market Snap 

Market Wrap

Technical analysis is mere snake oil, but because these squiggles on a graph suit my worldview, I am going to share it with you anyway, just for fun:

Occasional Series – The Prince of Darkness

I have it on very good authority that the paedophile enabler Mandelson, an ex-minister several times over for being a cheat and a fraud, and now an ex-ambassador to add to the list of jobs he has been fired from, revelled in the soubriquet he was ennobled with in the popular press.

Now we know why.

Curious Cryptos’ Commentary – Crypto debanking

So, it was true – there was a systematic drive to debank crypto firms according to the new chief of the Office of the Comptroller of the Currency, Jonathan Gould:

"Debanking is real. It is a real phenomenon."

Jonathan used to be the legal officer for crypto firm Bitfury, so we know he has our back.

Charged with the task of making the US the crypto centre of the world, Jonathan has made a pledge to “… eliminate politicised or unlawful debanking in the federal banking system."

This welcome move away from the previous immoral and illegal stance of some regulators and politicians is long overdue. Politicians cannot be allowed to stop lawful activity simply because of their personal disapproval. Make the argument for banning something, win an election on that basis, and then ban it. That is how democracy works. Banning by the backdoor aka Operation Choke Point and its variants, is a total abrogation of any responsibility and all ethics. Those involved should be shunned by society for they have shown utter contempt for civilised norms in the mistaken belief that being part of the technocratic elite somehow provides them with a moral standing they have no claim on.

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Jonathan’s key task now is to write the detailed rules following the passing into law of the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) which sets out the framework for the regulation of stablecoins.

He has also set up a new unit reporting directly to him whose sole task is to enable the registration of crypto firms as regulated banks, which is a very intriguing development.

The crypto revolution gains pace every single day.

Curious Cryptos’ Commentary – DigiFT

DigiFT is an exchange dedicated to tokenised RWAs (real-world assets):

https://www.digift.io/

Licensed and regulated by MAS (Monetary Authority of Singapore) and the Hong Kong Securities and Futures Commission, Chief Executive Kevin Loo has a clear vision:

“Hong Kong is rapidly emerging as a leading centre for regulated digital assets. Moreover, our project’s selection under the Blockchain & Digital Asset Pilot Subsidy Scheme reflects DigiFT’s commitment to building long-term infrastructure in the city.”

Tokenisation is set to revolutionise and democratise TradFi by removing much of the friction and the costs that currently exist. It will also allow for investments to be scaled to almost any size, from mere dollars to billions of them. Cutting the cost of capital for business will be a masterstroke for global productivity, making us all richer in the process.

However, that process has hardly yet begun with just $29bn of RWAs tokenised as of today. Here is a very handy website if you want further insight:

https://app.rwa.xyz/

I see estimates of the global value of all assets at around $250 TRILLION.  Almost all those assets are suitable for tokenisation, potentially suggesting that Larry Fink’s estimate of $10 TRILLION tokenised assets is on the conservative side.

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Chainlink – a favoured topic of discussion here at CC Towers – is back in the news with the announcement of an initiative in collaboration with UBS and DigiFT to list UBS’s tokenised products on DigiFT for retail and institutional investors.

Chainlink will likely be a driving force for the tokenisation revolution, benefitting its native coin LINK, but you know that already.

For disclosure purposes, the CC Treasury has been an investor in LINK since early 2019.