Federal banking regulators must finalize rules for bank-issued stablecoins by 18 July 2026, one year after the GENIUS Act became law. Once the rules take effect, banks and credit unions could issue payment stablecoins after supervisory approval.
Tokenization Could Strip Finance of Its Shock Absorbers, IMF Warns
The International Monetary Fund (IMF) warned on 2 July 2026 that tokenization could reshape financial markets by replacing sequential settlement with instant, code-governed transfers. The IMF said this shift moves risk from bank balance sheets toward the platforms and smart contracts running the system.
Ethereum Institutional launched on 1 July 2026 as an independent nonprofit backed by BitMine, SharpLink, and co-founder Joe Lubin. It aims to give banks and asset managers a neutral point of contact for Ethereum.
Bank of Korea Governor Hyun Song Shin called tokenizing government bonds 'the big prize' at the European Central Bank's Sintra forum on 1 July 2026. He outlined plans to link tokenized bonds with wholesale central bank digital currencies and bank deposits on a single ledger.