digital

The Central Cyberspace Affairs Commission, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, the Ministry of Housing and Urban-Rural Development, the Ministry of Agriculture and Rural Affairs, and the Ministry of Commerce jointly issued the "Implementation Plan for Promoting Coordinated Transformation and Development of Digitalization and Greening (2026-2030)", proposing to advance the coordinated transformation of digitalization and greening during the "14th Five-Year Plan" period.The plan emphasizes empowering green and low-carbon transformation with digital intelligence technology, achieving low-cost and high-efficiency applications of artificial intelligence by 2030, significantly improving the energy efficiency of computing facilities and 5G base stations, promoting renewable energy electricity consumption in key areas such as computing facilities to reach the responsibility weight level of the respective provinces, and deepening the digital and green applications in agriculture, manufacturing, trade, consumption, and urban operation, strengthening intelligent governance of the ecological environment and digital carbon management, and solidifying the foundation for coordinated dual transformation and international cooperation.

Banco do Brasil announced an investment of 5 million USD using its own funds in a digital-native structured note transaction issued by Citi and completed through the Euroclear digital financial market infrastructure platform, becoming the first of its kind in Latin America. Banco do Brasil stated that blockchain technology enables the native digitization of assets, reduces operational steps, and enhances transaction traceability, laying the foundation for new trading, settlement, and asset management models.The bank noted that the investment aligns with its ongoing focus on changes in the financial industry. Francisco Lassalvia, Vice President of Wholesale Banking at Banco do Brasil, stated that decentralized digital technology has become a long-term structural trend in financial markets. Roksolana Dushynska, Equity Structured Products Manager at Citi Global Markets, pointed out that distributed ledger technology can enhance the efficiency, transparency, and accessibility of capital markets. Banco do Brasil previously participated in the Brazilian Central Bank's digital currency Drex pilot and proposed an offline payment solution. The bank is controlled by the Brazilian federal government and is also listed on the Brazilian securities market.

Circle President and former CFTC Chairman Heath Tarbert stated at a hearing of the U.S. House Financial Services Committee that the GENIUS Act has established a federal regulatory framework for payment stablecoins, equivalent to building a "dollar layer" for the internet financial system. He urged Congress to next pass the CLARITY Act to complete the long-term regulatory framework for the "market layer" of digital assets.In addition, Tarbert also urged that the final implementation rules of the GENIUS Act should close the regulatory arbitrage space for offshore stablecoins, requiring intermediary institutions that actually serve U.S. customers to be subject to corresponding restrictions, and ensuring that foreign stablecoin issuers meet truly comparable regulatory standards.

According to Businesswire, the bank-led digital currency network Cari announced that it has raised $32.5 million in its first round of external financing, with all funds coming from banking institutions, including First Horizon Bank, Huntington Bank, KeyBank, M&T Bank, Old National Bank, and SouthState Bank, as well as Glacier Bank.Cari is built on an Ethereum-based permissioned Layer 2 blockchain, aimed at helping banks put funds on-chain through shared infrastructure, providing programmable financial services. The new funds will be used to accelerate bank access and integration, expanding tokenized deposits and programmable currency application scenarios.

U.S. Treasury Secretary Becerra stated at a press conference in Washington yesterday that the Trump administration may target digital assets, the aviation industry, and the shipping industry as new sanctions in the process of further pressuring the Iranian economy.

The G20 finance ministers and central bank governors held a meeting in Asheville, USA, from August 31 to September 1, supporting the establishment of a clearer regulatory path for the growth of digital assets and including digital assets in the U.S. 2026 presidential agenda. The G20 stated that digital financial innovation can support broad economic growth, with the private sector playing an important role in driving relevant innovations.The meeting also highlighted global stablecoins, cross-border payments, and the extended operation of large payment systems as key topics, and supported the adoption of the ISO 20022 data standard. The G20 called on the Financial Action Task Force (FATF) to prioritize jurisdictions with significant virtual asset activities and to strengthen the enforcement of anti-money laundering standards. As of July, among the 149 jurisdictions assessed by the FATF, only 1 fully complied with the relevant standards, 34% were largely compliant, 43% partially compliant, and 22% non-compliant.

According to Bitcoin.com, Fidelity Digital Assets has released an analysis report indicating that future quantum computers may derive Bitcoin private keys from exposed public keys, threatening asset security. Existing Bitcoin transactions rely on elliptic curve digital signature algorithms or Schnorr signatures, and sufficiently powerful quantum computers running Shor's algorithm could break this cryptographic assumption.The report evaluates the SHRINCS post-quantum signature scheme as a potential upgrade path—providing a compact 48-byte public key, with state signature sizes ranging from 548 to 4,619 bytes, and a 5,777-byte stateless fallback path to address state loss. However, quantum-resistant signatures will significantly increase transaction data size, consume more block space, reduce network throughput, and drive up transaction fees during congestion. Implementing such upgrades will require new consensus rules (possibly through a soft fork) and broad support from wallets, miners, exchanges, and custodians. In July of this year, Fidelity co-funded a $15 million Bitcoin security program with eight other institutions, covering anti-quantum research.

Research institution Delphi Digital stated that hardware limitations are driving Chinese laboratories to shift towards cheaper models and more efficient technology stacks. Export control restrictions limit their access to advanced chips, while domestic accelerators can handle inference, but cutting-edge training remains difficult to achieve. Chinese laboratories are innovating in system efficiency, model architecture, training data, and reinforcement learning. DeepSeek has found a way to avoid GPU idle data movement, and ByteDance and Moonshot are set to release similar versions within months.In terms of architecture, training is shifting to cheaper digital formats that are compatible with domestic chips. Sparse architectures reduce the runtime per token, and the attention mechanism has been redesigned three times to control the memory costs of long context. In terms of data, denser prediction targets and better optimizers enhance the learning signal per token. In reinforcement learning, DeepSeek's GRPO has become the default recipe, with ByteDance, Alibaba, and MiniMax each launching successor plans within a year. Chinese models are now among the lowest-cost cutting-edge adjacent systems.On OpenRouter, the proportion of token consumption by Chinese developed models is expected to rise from less than 1.2% at the end of 2024 to the majority by 2026. The Chinese AI market is experiencing a price war from 2024 to early 2026, with several laboratories implying revenue multiples of about 47-117 times, while Anthropic and OpenAI are around 15-21 times. Huawei's Ascend chips are currently available for inference, and DeepSeek reportedly attempted to train R2 on Ascend but returned to NVIDIA after encountering technical issues. Domestic accelerator supply remains below estimated demand.

Nomura Securities' digital asset subsidiary Laser Digital announced a partnership with Keyring Network to serve as the risk governance entity for the institutional lending market, with the first market set to launch on Euler Finance. The parties did not disclose committed capital, fee terms, or launch dates.According to the cooperation framework, Keyring provides infrastructure and tools, including access verification, quantitative risk parameter setting, and clearing framework design; Laser Digital's asset management department contributes governance standards, portfolio structure, and market practices. Both parties pointed out that institutional participation in DeFi lending faces four major obstacles: licensing, vulnerability risks, governance, and settlement. The solution combines zero-knowledge licensing, quantitative risk modeling, network insurance, and Keyring's settlement technology.According to DefiLlama data, Euler has a total value locked of $368.8 million across 17 chains, with outstanding loans of $555.4 million. Laser Digital previously supported ZIGChain's emerging market private credit in August, while Keyring introduced a zero-knowledge identity layer for the DeFi vault on Avalanche in August 2025. Nomura established Laser Digital in 2022, with operational headquarters in Dubai and Switzerland.

According to Cointelegraph, Hashkey has joined the Digital Asset Advisory Working Group of the Depository Trust & Clearing Corporation (DTCC), becoming the first Asian digital asset service provider to join this working group.DTCC is a core post-trade infrastructure provider for global financial markets, and this working group brings together over 100 global financial institutions and asset management companies, including JPMorgan, Goldman Sachs, Nasdaq, and the New York Stock Exchange, to jointly define the issuance, settlement, and custody standards for institutional-grade tokenized assets.DTCC plans to launch tokenized securities services in October. Previously, the U.S. Securities and Exchange Commission (SEC) issued a no-action letter to a DTCC subsidiary in December, allowing it to provide tokenization services for the securities market.SEC Chairman Paul Atkins stated that the approval of this pilot is just the beginning, and the SEC will consider innovation exemptions to help builders promote the on-chain transformation of the market without bearing cumbersome regulatory requirements. Atkins first proposed the idea of tokenization innovation exemptions at the DeFi roundtable on June 9.

U.S. Treasury Secretary Blinken stated that they are communicating with any parties supporting Iran, warning airlines, shipping companies, and digital asset stakeholders that they may become targets of a new round of sanctions.He mentioned that the U.S. will systematically "remove bad actors" concerning the Iran issue and advise all parties to steer clear of related transactions and cooperation regarding Iran and Russia, emphasizing that support should not be provided to the aforementioned regimes.

After a two-day meeting in Asheville, North Carolina, G20 finance ministers and central bank governors issued a statement committing to developing clearer rules for digital assets to promote financial innovation. The statement acknowledges that digital financial innovations, including digital assets, can support "broad economic growth" and play a key role in driving private sector innovation.The statement reads: "We are committed to advancing a responsible and effective regulatory and supervisory framework to maintain financial stability, support economic growth, and establish a clear path for sound digital finance and digital asset innovation, while taking into account cross-border opportunities and challenges." G20 officials expressed anticipation for the upcoming findings from the Financial Stability Board regarding the cross-border impacts of global stablecoin arrangements, as well as related reports on stablecoin data sources, availability, and potential challenges.They also reiterated their commitment to strengthening the G20 roadmap for cross-border payments and called on member countries to extend the operating hours of large payment systems. Several G20 member countries, including the United States, the European Union, and Japan, have reviewed the potential of digital assets or stablecoins to enhance the efficiency and accessibility of existing financial and payment systems and have established relevant frameworks.

S&P Dow Jones Indices and Kaiko announced on September 1, 2026, the integration of digital asset index products into a co-branded series called S&P Kaiko Digital Asset Indices. Kaiko's digital asset reference rates and multi-asset indices, along with the existing S&P DJI cryptocurrency indices, will be unified under the name S&P Kaiko. This series is driven by Kaiko's crypto-native data infrastructure and market expertise, with S&P DJI responsible for global licensing, distribution, and benchmark management.At launch, the series will cover over 4,000 rates and indices across digital asset categories. Existing financial products benchmarked to Kaiko reference rates and multi-asset indices will adopt the new S&P Kaiko brand. Kaiko Indices, S.A. will retain its existing brand and BMR registration. Cameron Drinkwater, Chief Product and Operating Officer of S&P Dow Jones Indices, stated that this integration enhances the standards of digital asset benchmarks with transparency, rigor, and market relevance. Ambre Soubiran, CEO of Kaiko, mentioned that this move provides institutions with credibility, distribution channels, and data accuracy.

According to Cointelegraph, Ripple announced a partnership with digital asset infrastructure company SettleMint to provide tokenized asset custody and management solutions for financial institutions. Ripple's institutional-grade digital asset custody infrastructure, Ripple Custody, will integrate with SettleMint's Digital Asset Lifecycle Platform (DALP), covering the entire lifecycle of tokens and simplifying the custody process for institutions.Just the day before, digital asset service provider Coincheck Group announced a partnership with wallet infrastructure company DFNS to build digital asset wallet technology and custody services in Japan. DFNS's wallet-as-a-service can provide institutions with complete transaction lifecycle management, including workflow orchestration and governance controls, and supports over 100 blockchain networks. Both collaborations aim to build more institutional-grade digital asset infrastructure to address the barriers for traditional financial institutions entering the crypto space.The 2025 Global Crypto Adoption Index released by Chainalysis shows that on-chain crypto activity in the Asia-Pacific region has the fastest growth rate in the world, with a year-on-year increase of 69%. Currently, several Asian countries are formulating their own cryptocurrency regulatory frameworks. The bill passed in Japan in July classifies crypto assets as financial assets under the Financial Instruments and Exchange Act. Japan's Finance Minister Shunichi Suzuki previously expressed a desire to bring crypto assets under the same regulatory framework as traditional financial assets.

Cryptocurrency exchange platform Luno announced that it has received a Class F digital asset business license issued by the Bermuda Monetary Authority. This license provides Luno with a regulated base outside of its core emerging markets, placing it alongside globally recognized operators such as Coinbase, Circle, and Kraken.Luno stated that for B2B and institutional business, Bermuda can extend its crypto-as-a-service and global settlement products to clients outside of Africa and the Asia-Pacific region, establishing a base in a jurisdiction designed for digital assets and modern payments. The license allows for the provision of cryptocurrency, tokenized stocks and commodities, as well as over-the-counter trading of the rand-backed stablecoin ZAR Universal, which is issued by Luno's sister company BlockTowerTech and aimed at institutional use; the global spot market can access all tradable assets from Luno; and wallet infrastructure for secure custody and transfers.Luno claims that for 13 years, by prioritizing regulation and security, it has built trust with millions of customers, and Bermuda is the next step.

According to Reuters, Yorkville America, the asset management company responsible for managing the Truth Social brand ETF under Trump, is nearing the completion of an acquisition deal aimed at further expanding its product line by acquiring an institutional asset management company. The deal is expected to be completed in September.Yorkville CEO Steve Neamtz stated that this acquisition will be an important step in the company's strategic expansion, pushing its business from the current product line focused on "America First" themed ETFs into a broader digital asset management field. Neamtz added that this marks Yorkville's first entry into the digital assets and cryptocurrency products sector, and the company has already submitted applications to launch approximately 12 additional ETFs in the coming weeks to months, covering various themes such as the digital economy and macro strategies.Meanwhile, Yorkville also announced the launch of the MANGOS Plus Index ETF, which will be listed on the New York Stock Exchange (NYSE) and NYSE Texas. This is Yorkville's first ETF not managed under the Truth Social brand, primarily betting on popular companies in the AI industry chain. The index tracked by this ETF includes companies such as Meta, Anthropic, NVIDIA, Alphabet, OpenAI, and SpaceX, while also incorporating AI concept stocks like Micron and SanDisk.

The European digital currency market is forming a pattern of parallel development between the central bank digital euro and private euro stablecoins. Revolut has previously launched phased testing of EURR in Denmark, Poland, and Portugal. This euro stablecoin operates on Ethereum and is issued by Bridge Building, a subsidiary of Stripe.The ECB emphasizes that the digital euro will adopt a highly private design, with offline payment information only held by the transacting parties, and online transactions cannot be directly linked to individuals by the Eurosystem. Europe is advancing its digital payment system through public digital currencies and private stablecoins to reduce reliance on dollar stablecoins and non-European payment infrastructures.

As the US dollar stablecoin continues to dominate the on-chain payment market, Europe is accelerating the development of a digital currency system that reflects its own regulatory framework, monetary sovereignty, and privacy standards, gradually forming two parallel paths: "digital euro + private euro stablecoin." Among them, the European Central Bank is prioritizing privacy protection as an important design focus for the digital euro. Piero Cipollone, a member of the Executive Board of the European Central Bank, stated that the digital euro will provide the highest possible level of privacy under current technological conditions, with offline payments visible only to the payer and payee; in online transactions, the euro system cannot directly identify specific individuals, but banks can still obtain the information required for anti-money laundering.At the same time, private institutions have taken the lead in promoting euro stablecoins. Revolut has begun rolling out EURR to some users in Denmark, Poland, and Portugal, with plans to expand to the entire European Economic Area in the future. EURR operates on Ethereum and is issued by Bridge Building, a subsidiary of Stripe, aiming to maintain a stable value against 1 euro. Forbes points out that the digital euro and EURR are not simply in a substitutive relationship: the former is a public currency issued by the central bank, while the latter is a privately issued on-chain stablecoin. The European digital currency market is developing along these two models simultaneously, with competition focusing on privacy, usability, regulatory clarity, and actual economic value.