Digital Assets Download: Announcing Our Stablecoin & Tokenization Resource Center

Digital Assets Download: Announcing Our Stablecoin & Tokenization Resource Center. Stablecoins and tokenization (or tokenized assets) are significant elements of the wave of innovation that is revolutionizing markets, finance, and money flows. While both have blockchain backbones and have their roots in decentralized finance, both are quickly being adopted by a wide variety of market participants, including traditional financial institutions, payments providers and fintechs. At the same time, stablecoins and tokenized assets also have different use cases, business opportunities, audiences and regulatory challenges. Our Stablecoins & Tokenization Resource Center is designed to track the latest developments in global regulation, legislation, and business issues that are shaping these two trends.

From all of us at Digital Assets Download, we send our best holiday and new year’s wishes to all of our readers. Please look for our first edition of 2026 soon after the new year!

For the Uninitiated: Digital Assets Download is a curated mix of insights and headlines that provide a Layer 3 Legal Perspective™ on the digital assets multiverse—created by Mayer Brown’s global Digital Assets, Blockchain & Cryptocurrency group.

The Lead Block

Perspectives and insights from Mayer Brown lawyers and other thought leaders that touch on digital assets, decentralized finance, cryptocurrencies and related fields.

News Node

Regulatory/Enforcement

SEC Pushes New Crypto Rule Despite Major Wall Street Warnings

CFTC Approves First-Ever Spot Crypto Trading On Regulated Exchanges

FDIC Proposes Application Process for Banks Seeking to Issue Stablecoins

UK Moves Toward Comprehensive Regulation of Digital Assets

SEC Provides Practical Guidance on Custody of Crypto Assets

Senate Banking will Not Vote on Crypto Bill This Week

Markets

JPMorgan Launches Tokenized Money-Market Fund

Coinbase and Standard Chartered Expand Institutional Crypto Services

Vanguard Opens XRP ETF Access to 50 Million Clients

Coinbase Plans to Launch Prediction Markets Powered by Kalshi

Crypto Groups Slam Citadel for Urging Tighter DeFi Tokenization Rules

Courts

Trump Considers Another Controversial Crypto Pardon

Simulated Trading Firm MyForexFunds Clears Legal Hurdle to Restart

Florida Court Reopens $80M Bitcoin Theft Case Against Binance

Select Events

Why Stablecoins and the GENIUS Act Matter to IACPM Members: On December 17, Mayer Brown partners Yuliya Feldman and Matthew Bisanz joined an International Association of Credit Portfolio Managers program to examine the GENIUS Act and its impact on stablecoins. The discussion explored the Act’s role in creating a federal framework for payment stablecoins, implications for financial institutions and insurers, and emerging opportunities for innovation in the digital asset space.

What to Expect in Banking Regulation in 2026: On January 21, Mayer Brown partners Jeffrey Taft and Matt Bisanz will join a Practicing Law Institute program to discuss key developments in banking regulation. The session will review major reforms from 2025, including GENIUS Act implementation, digital asset activities, fintech charters, Basel III Endgame proposals, and OCC preemption oversight, and explore what these changes mean for institutions moving forward. Visit the event webpage

LEARN THE LINGO

For those new to the digital assets and DeFi world, each edition of the Digital Assets Download will highlight a different term to help you be a part of the conversation.

PROOF OF RESERVES

Proof of Reserves (“PoR”) is a verification method used by custodians, exchanges, and stablecoin issuers to demonstrate that they hold sufficient assets to back customer balances or circulating tokens. Typically implemented through cryptographic audits and third-party attestations, PoR provides transparency and helps mitigate counterparty risk. In practice, PoR has become a key trust mechanism for centralized platforms and is increasingly relevant as regulators focus on custody requirements and systemic stablecoin backing. While PoR enhances confidence, it also raises questions about audit standards, frequency, and whether liabilities are fully accounted for—issues that remain central to ongoing regulatory discussions.

Writing on the Wall, Translating ‘Crypto’ Terms with Mayer Brown

From Airdrop to Wrapped Token, our illustrated glossary, “Writing on the Wall, Translating Securities with Mayer Brown,” has been updated with additional digital assets and cryptocurrency terms. Check out our “featured” list for the crypto terms and the full list of terms.