21 Oaks Capital
Monthly Review

21 Oaks Newsletter — March 2026

1 April 2026·2 min read

BREAKING

  • Phantom Wallet receives no-action relief from the CFTC, enabling non-custodial wallets to access regulated markets without broker registration

MORE

  • NYSE is working with Securitize on infrastructure for tokenized securities and onchain settlement
  • Mastercard (MA) acquires BVNK to strengthen onchain payment and settlement infrastructure
  • PayPal (PYPL) expands PYUSD to more than 70 markets, strengthening global stablecoin payment infrastructure
  • Binance expands its futures offering to include tokenized equities and commodities with 24/7 trading
  • S&P Dow Jones licenses the S&P 500 for onchain derivatives trading via Hyperliquid
  • JPMorgan (JPM) expands tokenized money market infrastructure on Ethereum
  • Kraken halts planned IPO due to weak market conditions
  • Allium Labs brings 65TB of blockchain data onchain, with usage by Visa and Stripe
  • Coinbase (COIN) partners with Better to launch crypto-backed mortgages within traditional US financial structures
  • **ECB **advances its digital euro initiative with a concrete rulebook and a possible launch by 2029
  • Franklin Templeton partners with Ondo Finance to expand tokenized securities for onchain investors
  • Tether (USDT) engages KPMG for its first full audit and is exploring registration under US regulation
  • Visa joins the Canton Network as a validator and expands infrastructure for regulated onchain payments
  • Federal Reserve grants Kraken, via Kraken Financial, direct access to Fed payment rails, integrating crypto infrastructure into the banking system
  • International Monetary Fund (IMF) describes tokenization as a structural shift in financial architecture rather than incremental innovation
  • US senators advance the "Mined in America Act," positioning bitcoin mining as strategic infrastructure for energy and compute
  • Ethereum advances DVT-lite to simplify staking infrastructure for institutional use
  • VersaBank tests tokenized USD bank deposits on public blockchains as an alternative to stablecoins Kalshi raises more than $1 billion at a $22 billion valuation despite regulatory uncertainty
  • BlackRock (BLK) scales its tokenized money market fund BUIDL to more than $2.1 billion in volume Core Scientific expands its credit facility to $1 billion to build out AI and HPC data centers
  • Ethereum Foundation launches initiative to develop quantum-secure cryptography Hyperliquid releases mobile app MVP to strengthen decentralized derivatives trading
  • Major League Baseball (MLB) partners with Polymarket and the CFTC to establish regulatory standards for prediction markets

SPEAKERS’ CORNER

  • In March, investors were noticeably reticent amid tensions between Iran, Israel and the US
  • The geopolitical uncertainty led to a classic "buyers' strike"
  • As long as no sustained easing is in sight, elevated volatility is likely to persist — we too continue to monitor developments closely and are maintaining a strategic liquidity position

Translated from the German original, which is the authoritative version. Read the German version