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BIS Project Agorá Completes $1 Million Tokenized Cross-Border Payment Test
Odaily News The Bank for International Settlements (BIS) stated that Project Agorá has completed a real-value test of tokenized wholesale cross-border payments, with 28 financial institutions and central banks settling approximately 800,000 Swiss francs (around $1 million) across 17 transaction scenarios. The test utilized tokenized central bank reserves and commercial bank deposits, with settlement currencies including the Swiss franc, euro, pound sterling, Japanese yen, Korean won, and US dollar, and an average settlement time of approximately 80 seconds. Participants included the Bank of England, Banque de France, Bank of Japan, Bank of Korea, and Swiss National Bank, as well as commercial banks such as JPMorgan, Citi, Deutsche Bank, BNP Paribas, UBS, Standard Chartered, and Mitsubishi UFJ Financial Group. Project Agorá is an initiative launched by the BIS in 2024, aimed at exploring how tokenized commercial bank deposits and central bank reserves can improve wholesale cross-border payments. The BIS stated that the July test was an important milestone, and testing will continue as Project Agorá progresses.
BNP Paribas
Test
摩根大通
BIS-Led Project Agorá Completes Million-Dollar Cross-Border Tokenized Payment Test
According to CoinDesk, Project Agorá, led by the Bank for International Settlements (BIS), recently completed a cross-border payment test with real funds. Participants included 28 commercial banks such as JPMorgan Chase, Citigroup, UBS, Deutsche Bank, and Standard Chartered, as well as five central banks. The test processed approximately $1 million (about 800,000 Swiss francs) in real transactions, covering six currencies: the US dollar, euro, pound sterling, Japanese yen, Swiss franc, and South Korean won. The test utilized tokenized central bank reserves and commercial bank deposits, settling funds on a shared ledger with an average settlement time of about 80 seconds. Unlike traditional cross-border payments that require intermediation by multiple correspondent banks, the platform achieved shared single ownership records and supports synchronized settlement of bilateral foreign exchange, effectively reducing principal risk. The BIS stated that the platform can operate in parallel with existing payment systems, rather than replacing them.
CoinDesk
Test
摩根大通
Anchorpoint Financial is about to announce the launch of the Hong Kong dollar stablecoin HKDAP
: Anchorpoint Financial Technology, led by Standard Chartered Bank (Hong Kong), is one of the two stablecoin issuer license holders first approved by the Hong Kong Monetary Authority (HKMA) in April this year. Standard Chartered and Anchorpoint Financial are expected to issue a joint announcement as soon as the end of this month, within the next two weeks, announcing the launch of the Hong Kong dollar-pegged stablecoin HKDAP. Previously, the HKMA issued the first batch of stablecoin issuer licenses to Anchorpoint Financial and HSBC in April this year.
Strategy Bitcoin Banking Adoption Index: Fidelity Leads at 71%, BNY and Goldman Sachs Rank Second and Third
Strategy's newly launched Bitcoin Banking Adoption Index shows Fidelity leading at 71%, followed by BNY at 46% in second place, and Goldman Sachs at 45% in third. JPMorgan, Morgan Stanley, and Citigroup each stand at 43%. The index evaluates the adoption of Bitcoin-related services across trading, custody, digital asset products, financing, and corporate participation among 25 major global institutions, with an overall adoption rate of 32%.The remaining institutions scored between 13% and 38%, with Wells Fargo at 38%, Banco Santander and Société Générale both at 35%, Charles Schwab and TD Bank both at 32%, BNP Paribas, HSBC, Crédit Agricole, and UBS each at 30%, Bank of America, Barclays, and Standard Chartered each at 28%, State Street at 27%, Mizuho and Deutsche Bank both at 22%, MUFG at 18%, Lloyd’s at 17%, and SMBC and Royal Bank of Canada both at 13% (Bitcoin.com News).
Bitcoin
Bitcoin.com
BNP Paribas
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Street
Standard Chartered: Maintains Bitcoin Price Forecast of $100,000 by End of 2026
Odaily Odaily Planet Daily reported that Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered, stated that the market has misinterpreted Michael Saylor's adjustments to Strategy Inc.'s bitcoin strategy, and the recent selling pressure stems from confusion over this strategy rather than a change in bitcoin's long-term outlook. Strategy Inc. is shifting bitcoin from being a reserve accumulation asset to serving as collateral to support its STRC preferred stock. Kendrick maintains the bitcoin price forecast of $100,000 by the end of 2026. As of press time, BTC was trading at $64,322.89, and Strategy's stock MSTR closed at $94.64 on Friday. The outstanding notional value of STRC is approximately $10 billion, which Kendrick believes makes the preferred stock heavily overcollateralized due to its bitcoin backing. (Bitcoin.com News).
Bitcoin
Bitcoin.com
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Digital Asset Research
Monsterra
Planet
Standard Chartered Maintains Bitcoin $100,000 Target: Strategy's BTC Sales Not a Sign of Risk Deterioration
Standard Chartered stated that it maintains its Bitcoin price prediction of reaching $100,000 by the end of 2026, believing that the recent market decline triggered by Strategy's (formerly MicroStrategy) related activities is not due to a deterioration in the company's balance sheet, but rather a strategic adjustment that the market has not fully understood.Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, noted in a report that Strategy's recent behavior is disrupting short-term market expectations for Bitcoin. The market had previously accepted the company's narrative of "never selling Bitcoin," but now Strategy appears to be shifting towards a more complex capital operation model. How clearly the company can communicate this change will determine when market pressure eases.Currently, Strategy holds 843,775 Bitcoins, representing approximately over 4% of the total 21 million Bitcoin supply. From 2020 to mid-2025, Strategy's mNAV (Market Value of Enterprise / Bitcoin Asset Value) was consistently above 1, allowing the company to raise funds through stock issuances to purchase Bitcoin and achieve shareholder value growth. The commitment to "never selling Bitcoin" was central to this model gaining market acceptance. However, with the current mNAV approaching 1, the leverage effect of this financing model is weakening.Kendrick believes Strategy is transitioning from a "Bitcoin accumulation tool" to a "Bitcoin credit support tool." This involves using its Bitcoin holdings as the credit basis for its perpetual preferred stock, STRC. Currently sized at approximately $10 billion, STRC is the largest financial instrument launched by Strategy, offering an annualized dividend rate of 12%, paid semi-monthly in cash, and is designed to maintain a price near its $100 par value through interest rate adjustment mechanisms.Standard Chartered indicated that STRC is currently trading around $90, while Strategy's dollar reserve for paying dividends stands at approximately $2.55 billion, covering an estimated 17.4 months of dividend expenses.Kendrick stated that Strategy's policy adjustment allowing for Bitcoin sales does not necessarily mean the company will continuously sell. He believes that as long as the market believes the new capital structure arrangement can stabilize the STRC price, Strategy may not actually need to sell Bitcoin. He compared this mechanism to a central bank's commitment to "do whatever it takes": mere restoration of market confidence may mean actual intervention never occurs. (The Block)
Bitcoin
Block
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Sign
StarChain
Strategy
Data: USDC Leads USDT in Stablecoin Transaction Volume Competition, Monthly Volume Hits New High
Odaily报道 According to data from Visa's on-chain data platform, USDC has expanded its lead over USDT in stablecoin transaction volume during the first half of 2026. Data shows that the adjusted stablecoin transaction volume in June rose to $1.79 trillion, an increase of 63% month-over-month and 125% year-over-year from June 2025, setting a new all-time high. Visa's statistics have excluded non-genuine economic activities such as bot transactions and internal exchange transfers.The total stablecoin transaction volume for the first half of the year reached $8.82 trillion, surpassing the full-year 2024 level of $5.8 trillion, but still below the record $10.8 trillion set in 2025.Structurally, USDC accounted for approximately 70% of the volume in the first half of 2026, while USDT accounted for about 25%, indicating a significant shift in market share towards compliant stablecoins.Analysis points out that as banks and institutions increasingly use stablecoins for settlement and fund management—with institutions like Standard Chartered and BNY Mellon accelerating integration into the USDC ecosystem—stablecoin infrastructure is entering a phase of institutional expansion. (CoinDesk)
Circle
CoinDesk
June
Tether
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Korean investors are betting on China's AI sector, buying up $2.8 billion worth of assets in six months: A-share stocks like NAURA Technology Group and Cambricon Technologies are being snapped up
According to data, in the first half of the year, Korean investors invested a total of $2.819 billion to snap up Chinese assets through both individual stocks and ETFs: A-share purchases surged by 130.55% year-on-year, with NAURA Technology Group and Cambricon Technologies leading the buying spree. In Hong Kong stocks, Semiconductor Manufacturing International Corporation (SMIC) and MiniMax saw the highest purchase volumes. A Standard Chartered Bank analyst stated bluntly that overseas capital's attitude towards Chinese assets "has fundamentally changed." Among them, semiconductor equipment company NAURA Technology Group topped the purchase list at approximately $33.94 million, followed by Cambricon Technologies ($27.28 million), with Contemporary Amperex Technology Co., Limited (CATL) ($12.54 million) ranking third.Beyond semiconductors, Korean capital is also spreading to a broader range of computing infrastructure, including servers, data centers, and power and network support. (National Business Daily)
Beyond
Standard Chartered: Market Severely Underestimates Uniswap-Robinhood Partnership Potential
According to The Block, Standard Chartered Bank analyst Geoffrey Kendrick stated that the market is "severely" underestimating the potential for collaborations between Uniswap and high-quality DeFi protocols such as Robinhood, and expects more similar collaborations to materialize within the next few quarters, particularly those centered around Uniswap.
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Market
Robinhood
The Block
Uniswap
渣打银行与 Circle 推出机构级 USDC 铸造与赎回服务
According to official news, Standard Chartered Bank announced a partnership with Circle to launch USDC minting and redemption access capabilities for institutional clients, becoming the first global systemically important bank to offer such integrated services. Eligible institutional clients can use USDC through a single onboarding and service process without needing to open a Circle account directly. The service will initially be provided through Standard Chartered's business in the Dubai International Financial Centre, supporting scenarios such as on-chain settlement, treasury management, and liquidity management, with plans to expand to more markets subsequently upon obtaining regulatory approval.
Centre
Circle
Standard Chartered Bank issues first rating on Morpho, with a price target of $60
According to Cointelegraph, as tokenized TradFi assets continue to flow into DeFi, Standard Chartered Bank has rated Morpho for the first time, projecting the price could rise to $60 by the end of 2030, representing approximately 33x upside from current levels.
Cointelegraph
Morpho
Caixin: Son of former Wuhan Supervisory Commission official laundered over HK$64 million in Hong Kong, claims part of the funds came from selling Bitcoin
According to Caixin, Xiao Rui—the son of Xiao Jun, former member of the Wuhan Municipal Supervisory Commission—is suspected of accepting bribes totaling approximately HK$4.72 million from mainland Chinese engineering contractors on behalf of his father and laundering over HK$64 million through underground banking channels. On June 23, the Hong Kong District Court found Xiao Rui guilty on all four counts of “money laundering” and one count of “using a false instrument,” with sentencing scheduled for July 23. In 2014, Xiao Rui was granted residency in Hong Kong; that same year, he purchased two funds from AIA Financial (AIA) via his HSBC account for HK$10 million to meet the investment requirement under the relevant immigration scheme. Between January 2016 and September 2017, multiple remittances totaling over HK$54 million were deposited into Xiao Rui’s Standard Chartered and DBS accounts. Regarding the “money laundering” charges, Xiao Rui argued in court that the large sums involved represented legitimate business earnings of his mother, who gifted the money to him for investment in Hong Kong, and that part of the funds originated from Bitcoin sales. The judge rejected this testimony, citing Xiao Rui’s failure to provide any basic transaction records—such as dates, transaction IDs, or wallet addresses—related to the alleged Bitcoin sales.
AIA Chain
Bitcoin
DeAgentAI
District
June
Standard Chartered Bank: Aave is expected to rise to $3,500 by 2030, an increase of approximately 50x from its current price.
According to CoinDesk, Geoff Kendrick, Head of Digital Asset Research at Standard Chartered Bank, released a report initiating coverage of the decentralized lending protocol Aave, with a target price of $3,500 by end-2030—approximately 50 times its current price of around $70—and expects Aave to outperform both Bitcoin and Ethereum. Kendrick stated that Aave has recovered from the April 2026 KelpDAO rsETH bridge vulnerability incident, during which attackers used approximately $290 million worth of stolen tokens as collateral to borrow real assets on Aave, exposing the protocol to up to $230 million in potential losses. Assets have now begun flowing back onto the platform, and Aave’s dominant position in on-chain lending remains solid. Looking ahead, Standard Chartered forecasts that the value of tokenized assets actively used in DeFi applications will grow 37-fold by 2030. Aave—whose revenue model is directly tied to lending activity—is poised to benefit directly. Additionally, Aave’s Horizon initiative (enabling tokenized real-world asset lending in permissioned environments) and the potential relaunch of its token buyback program are viewed as key catalysts.
Aave
Bitcoin
CoinDesk
Digital Asset
Digital Asset Research
Ethereum
Standard Chartered: Aave Could Surge 50x to $3,500 by 2030
Standard Chartered stated Aave could surge 50 times to $3,500 by 2030. The bank expects Aave to benefit from a 37x increase in DeFi assets and the on-chain migration of tokenized finance. (Cointelegraph)
Aave
Cointelegraph
Surge
Surge
Surge
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Korea Financial Research Institute: Discussions on the Korean won stablecoin should prioritize use cases over issuing entities
According to Bloomingbit, Ji Man-soo, Senior Research Fellow at the Korea Financial Research Institute, stated that before deciding on the issuing entity for the Korean won stablecoin, policymakers should prioritize reviewing concrete use cases and feasibility. Citing Hong Kong as a reference case, he noted that the Hong Kong Monetary Authority (HKMA) has granted stablecoin issuance licenses to HSBC Hong Kong and AnchorPoint Financial—a joint venture established by Standard Chartered Hong Kong, Animoca Brands, and HKT—covering use cases such as cross-border payments, domestic payments, tokenized asset trading, and supply chain finance, all aligned with broader digital finance strategies including central bank digital currency (CBDC) and tokenized deposits. Ji Man-soo suggested that discussions around the Korean won stablecoin should begin by asking, “Which problems in Korea’s domestic financial and payment systems can it solve?” Concurrently, specific applications for payments, asset tokenization, and trade finance must be designed to ensure the regulatory framework is effectively implemented.
Animoca Brands
Fellow
Standard Chartered: Wall Street’s onchain wave will drive UNI price up nearly 40-fold by 2030
According to a research report released by Geoff Kendrick, Standard Chartered’s Global Head of Digital Assets, as Wall Street accelerates the onchain migration of real-world assets, Uniswap’s native token UNI is poised for nearly a 40-fold increase before 2030, with a price target of $100 and a year-end target of $6.50. Kendrick positions Uniswap as an open-market infrastructure layer accessible to TradFi institutions—not as a retail DEX application—and forecasts that total value locked (TVL) across DeFi protocols will reach $2.7 trillion by 2030, at which point Uniswap’s liquidity pool size could expand 37-fold.
NewDex
Street
Uniswap
Standard Chartered: Uniswap Token UNI Could Rise to $100 by 2030
Standard Chartered Bank has initiated coverage on the decentralized exchange protocol Uniswap, predicting its UNI token could rise from its current price of approximately $2.70 to $100 by the end of 2030, representing a gain of nearly 40 times.Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, stated that the next wave of wealth creation opportunities in the digital asset space may come from DeFi protocols. The core logic is that the scale of tokenized assets entering DeFi will grow significantly, thereby enhancing the trading asset base and fee potential for protocols like Uniswap.Standard Chartered estimates that tokenized assets on-chain will grow from approximately $340 billion today to $4 trillion by the end of 2028. Of this, the proportion flowing into DeFi is expected to rise from roughly 3.5% currently to 30% by the end of 2030. Combined with the growth of crypto-native assets, the total value locked in DeFi could reach approximately $2.7 trillion, an increase of about 37 times compared to today.Kendrick believes that if Uniswap can successfully commercialize and establish sufficient partnerships with traditional financial institutions, its valuation multiple relative to trading fees could improve, narrowing the gap with centralized exchanges like Coinbase.Standard Chartered's projected price path for UNI is: $6.50 by the end of 2026, $20 by the end of 2027, $40 by the end of 2028, $65 by the end of 2029, and $100 by the end of 2030. The bank also expects UNI to potentially outperform ETH and BTC during this period.
Bitcoin
Coinbase
Ethereum
Rise
Uniswap
Standard Chartered to Establish Gold Storage Facility in Hong Kong
According to Caixin, Jason Tsang, Head of Markets, Financial & Strategic Clients for Standard Chartered Hong Kong, Greater China and North Asia, stated that Standard Chartered is studying the feasibility of establishing its own gold vault in Hong Kong and is considering various site options.
Standard Chartered Bank:预计到2030年，DeFi锁仓资产将增至2.7万亿美元
According to Cointelegraph, Standard Chartered Bank forecasts in its latest research report that the total value locked (TVL) in decentralized finance (DeFi) will reach $2.7 trillion by the end of 2030—a roughly 37-fold increase from current levels—primarily driven by tokenized real-world assets (RWA) and on-chain liquidity for crypto-native assets.
ALLO
Cointelegraph
RWA Inc.
Xend Finance
U.S. Spot Bitcoin ETFs See Nearly $86 Million in Net Inflows in a Single Day
According to SoSo Value data, U.S. spot Bitcoin ETFs recorded net inflows of nearly $86 million last Friday, equivalent to approximately 1,350 BTC, with BlackRock's IBIT alone seeing net inflows of nearly $58 million. Standard Chartered's Head of Global Digital Assets Research, Geoffrey Kendrick, suggested that the recent ETF sell-off may be partly driven by some holders liquidating positions to free up cash for participation in SpaceX's IPO. Since October last year, U.S. spot Bitcoin ETFs have accumulated net outflows of $7.6 billion, including $3 billion in the first six months of 2026. Strategy remains the world's largest corporate holder of Bitcoin, with over 800,000 BTC in its treasury. Michael Saylor resumed Bitcoin purchases in early June, following sales by Strategy at the end of May.
Bitcoin
IBIT
InfinityBit
June
Strategy