Securitize said it delivered record quarterly revenue of $19.48 million for the three months ended March 31, 2026, up 39% year over year, as asset servicing fees rose sharply. The firm also highlighted NYSE Digital roles and continued growth linked to tokenized funds such as Blackrock's BUIDL, alongside $3.4 billion in tokenized AUM at quarter-end and a net loss of $7.93 million.

Ethena's latest reserve dashboard update dated 20 May shows USDe's backing tilting toward DeFi lending and liquid stablecoin reserves, indicating a more conservative posture than earlier derivatives-heavy yield tactics. DeFi lending represents about 47.7% (around $2bn) of backing, while liquid stablecoins make up about 52.7%, alongside a reported 101.55% backing ratio versus roughly $4.45bn USDe supply.

Wintermute has unveiled Armitage, a DeFi vault-curation platform built to apply institutional-style trading, liquidity, and risk controls to onchain lending. Two USDC-denominated vaults are already live on Morpho, with plans to expand to more chains and lending venues. Wintermute says it processes over $10 billion in average daily trading volume across 70+ venues and 10 blockchain networks.

Tokenized exchange-traded funds (ETFs) reached a new high in participation on May 20, with unique holders rising 11,803% year over year. Holder count stood near 44,400 at press time versus 373 a year earlier, while the sector's market cap was about $437.6 million and activity centered mainly on Solana, BNB Chain, and Ethereum.

On May 19, 2026, the U.S. Securities and Exchange Commission proposed wide-ranging rule changes affecting registered securities offerings and public-company reporting. The agency said the package aims to modernize U.S. public capital markets, lower compliance friction for issuers, and preserve investor protections. Key elements include broader shelf-offering eligibility, expanded communication and research flexibility, and reporting relief that the SEC said could apply to about 81% of current public companies.

On May 19, 2026, the U.S. Commodity Futures Trading Commission sued Minnesota to stop a newly enacted law that would make operating or helping run a prediction market a state felony. The agency said it is seeking a preliminary injunction to prevent the statute from taking effect on Aug. 1 and argues the measure conflicts with the federal derivatives framework under the Commodity Exchange Act.

Japan plans a broad crypto policy overhaul, including a June 1 framework that permits foreign trust-type stablecoins to operate as regulated electronic payment instruments. Policymakers are also discussing replacing the current top 55% treatment of many crypto gains with a flat 20% rate, a shift that would likely require reclassifying major tokens under the FIEA and could enable spot and derivatives ETFs run by licensed operators.

npm has revoked granular write-access tokens tied to compromised developer accounts in an effort to curb a new wave of the self-replicating “Mini Shai-Hulud” supply-chain worm. The platform also urged users to rotate secrets and move to Trusted Publishing, but researchers say infected machines can still leak data locally. The latest spike followed the compromise of the npm account “atool,” which published 637 malicious versions across 323 packages in 27 minutes.