US regulators are moving ahead with digital-asset rules under existing authorities after the Clarity Act stalled in the Senate. The Securities and Exchange Commission created a temporary pathway for trading certain tokenized stocks, while the Commodity Futures Trading Commission submitted a crypto rulemaking proposal for White House review. The moves come as industry participants seek greater regulatory clarity and states push to preserve their authority over securities markets.

Hana Bank has issued a $100 million digital bond through Euroclear's D-FMI distributed ledger platform, marking the first time a Korean company has used this platform. The bond is part of Hana's $10 billion Global Medium Term Note Programme, with Standard Chartered as the sole lead manager and Citi as the digital native note agent and fiscal agent.

The ECB has introduced Pontes, a system that enables settlement of tokenized assets in central bank money, addressing a major barrier to blockchain adoption. Thirteen institutions, including Deutsche Bank and Santander, are ready to use Pontes, which initially operates within existing market hours but aims for 24/7 settlement by 2028. The ECB also plans to invest in tokenized securities through Pontes.

Commodity Futures Trading Commission Chairman Michael Selig told the US Treasury Market Conference that the agency is preparing markets for mass tokenization, onchain finance and 24/7 trading while adapting frameworks for blockchain and AI. "I believe tokenization can do the same for all asset classes" as electronic trading did for markets, Selig said, adding that expanded trading hours should be approached based on the characteristics of individual asset classes.

Financial industry groups are urging the US Securities and Exchange Commission to finalize proposed Regulation E-Delivery, which would make electronic delivery the default for required investor communications while preserving the option to receive paper. The groups support the rule in public comment letters, citing investor preference and potential cost savings.