TRM Labs launched Beacon Concierge, a managed service that helps law enforcement coordinate with exchanges and stablecoin issuers to intercept and seize illicit crypto funds. Beacon reportedly has more than 200 members, covers 80% of crypto trading volume and measures response time in minutes.
Singapore has launched a gold custody service for overseas central banks and official institutions, with the gold to be stored in the national monetary vaults, which currently have a capacity of 500 tons and can be expanded.
CoinDesk reported that Coinbase has been granted a national trust bank charter by the Office of the Comptroller of the Currency (OCC); its subsidiary had previously received conditional approval in April.
Alpaca's Southeast Asia headquarters has received in-principle approval from the Monetary Authority of Singapore for a Capital Markets Services licence. After meeting the conditions and formally obtaining the licence, it plans to provide brokerage and custody services.
Reports indicate that Deutsche Bank plans, after regulatory review approval, to provide 2026 Bitcoin and digital asset custody services to European institutions and companies by year-end.