tZERO Newsletter 09.18.2025
“Digital assets and tokenization have the potential to improve market efficiency and liquidity,” said Jillien Flores, MFA Chief Advocacy Officer. “To unlock these benefits, we need smart rules that foster innovation, protect investors, and are grounded in the same regulatory principles that have made U.S. equity markets the envy of the world. A clear foundational framework will strengthen our capital markets and help ensure the U.S. remains the global leader in financial innovation.”
Clare Adelgren on Why Institutions Are Betting on Blockchain and DeFi Despite the Risks
Despite high-profile exploits, security concerns, and regulatory uncertainty, global institutions continue to enter the decentralized finance (DeFi) and blockchain space. Why? CCN spoke with Clare Adelgren, Global Head of Blockchain Sales and Operations at EY, to explore the motivations behind institutional adoption, the challenges of interoperability, privacy, and governance, and the future of blockchain in payments, ESG, and supply chains.
US Senators Engage in Discussion About Digital Asset Regulation at CoinDesk Conference
US Senators Cynthia Lummis and Kirsten Gillibrand recently participated in a significant discussion regarding the regulation of digital assets. This event occurred during CoinDesk’s Policy and Regulation conference, where key stakeholders including lawmakers and industry experts convened to explore regulatory challenges and solutions affecting the cryptocurrency landscape.
Atkins calls for ‘strategic’ collaboration with international counterparts; applauds EU’s digital asset regime
Saying it is a new day at the SEC “as we realign the agency’s enduring principles with emergent possibilities,” Commission Chairman Paul Atkins told an international audience of senior finance officials and regulators that he wants to ensure that America is “second to none” in fostering an economic climate that supports financial innovation.
LSEG launches Microsoft-powered Digital Markets Infrastructure platform for private funds
The London Stock Exchange Group (LSEG) has developed and launched a new platform with Microsoft called Digital Markets Infrastructure (DMI). The solution uses blockchain technology to handle private fund transactions and, running on Microsoft Azure, has already completed its first transaction.
Wisdomtree Innovates with Launch of Tokenized Private Credit Fund
On September 14, 2025, Wisdomtree (NYSE: WT) introduced a groundbreaking initiative by launching the Private Credit and Alternative Income Digital Fund (token: CRDT; fund ticker: CRDYX). This move opens up tokenized exposure to private credit for both retail and institutional investors. The fund aims to track the performance of the Gapstow Private Credit and Alternative Income Index (GLACI), minus fees and expenses, and is designed to mirror the strategy of Wisdomtree’s existing ETF called HYIN.
Galaxy Digital adds $530 million in SOL as ‘Solana Season’ narrative gains traction
Arkham Intelligence data shows that Galaxy received more than 2.31 million SOL across numerous transactions from wallets on Binance, Bybit and Coinbase over the past day. The Block has reached out to Galaxy to confirm the transaction. The transaction comes on the heels of Galaxy’s major investment in a Solana treasury company, fueling the narrative of an approaching bull season for the cryptocurrency.
The SEC’s new top accountant wants to make sure accounting and auditing standard-setters keep up with the times and move quickly to address emerging areas like digital assets. “What we don’t want to happen is for accounting or auditing to be a roadblock to innovation,” said Kurt Hohl, the chief accountant of the Securities and Exchange Commission, in remarks Monday to a banking conference in Maryland.
First up, the SEC is looking at amending the Exchange Act Rules to account for trading of crypto assets on alternative trading systems (ATSs) and national securities exchanges. If advanced, these amendments could clarify the relationship between traditional securities exchanges and the growing digital asset systems.