Ripple has teamed up with SettleMint to help financial institutions manage tokenized assets from issuance through ongoing custody and lifecycle operations. The partnership, announced Tuesday, is designed to combine Ripple’s institutional custody offering with SettleMint’s platform for digital asset lifecycle management.

Just a day earlier, Coincheck Group said it was working with wallet infrastructure provider DFNS to bring institutional-grade digital asset custody and wallet technology to Japan. Together, the two deals underline a broader industry push in Asia-Pacific: building infrastructure that can meet regulatory expectations and reduce the complexity for regulated entities entering tokenized markets.

Key takeaways

• Ripple and SettleMint plan to integrate Ripple Custody with SettleMint’s Digital Asset Lifecycle Platform to support tokenized assets across their full lifecycle.
• Coincheck Group’s earlier Japan-focused partnership pairs DFNS wallet-as-a-service with institutional-grade custody and lifecycle controls.
• Both initiatives aim to close an “infrastructure gap” that has limited regulated financial institutions’ ability to deploy digital asset services.
• Asia-Pacific remains a high-growth region for onchain activity, according to Chainalysis’ 2025 global adoption index.

Ripple’s custody and token lifecycle integration

Ripple’s announcement centers on an integration between its institutional custody infrastructure, Ripple Custody, and SettleMint’s Digital Asset Lifecycle Platform (DALP). The stated goal is to give institutions a more streamlined way to secure tokenized assets while supporting the operational steps needed before, during, and after issuance.

By positioning the combined stack around both custody and lifecycle functions, the partnership targets a practical bottleneck for regulated firms: it’s not only about holding assets securely, but also about handling operational workflows, controls, and ongoing management in a manner that aligns with enterprise requirements.

Ripple did not outline, in the provided announcement text, specific implementation details such as which tokenization use cases DALP will prioritize or how institutions will integrate the system into existing back-office operations. Investors and enterprise buyers are likely to watch for clearer information on deployment timelines and integration paths once pilots or production rollouts begin.

Coincheck and DFNS bring wallet-as-a-service to Japan

On Monday, Coincheck Group announced a separate strategic partnership with DFNS. The aim of that collaboration is to develop wallet technology and custody services for Japan, with DFNS providing a wallet-as-a-service layer.

According to the company’s description, DFNS’s model supports institutions with transaction lifecycle management. It includes workflow orchestration and governance controls, all delivered through a single platform that supports more than 100 blockchain networks.

The timing matters: Ripple’s announcement comes immediately after another Japan-linked institutional push, suggesting that custody and wallet infrastructure are being treated as foundational components rather than standalone offerings. For regulated institutions considering tokenization, this kind of packaging can reduce the number of vendors and operational handoffs—an important factor when enterprises are trying to move from experimentation to governed deployment.

Why Asia-Pacific is becoming the focus

Both partnerships are taking shape in a region that is actively expanding its onchain activity. Chainalysis’ 2025 global crypto adoption index cited in the report points to Asia-Pacific as the fastest-growing area for onchain crypto activity, with a 69% year-over-year increase in value received.

When activity grows, it typically increases pressure on the surrounding infrastructure—custody providers, transaction tooling, compliance workflows, and governance systems. In practice, regulated financial institutions often need these elements to be coherent and auditable, rather than stitched together from multiple tools.

That helps explain the emphasis on lifecycle management in both announcements. A custody provider alone may secure assets, but lifecycle platforms and wallet infrastructure can help institutions manage operational steps such as issuance controls, governance mechanisms, and the day-to-day management that follows.

Regulation shifts in Japan raise the stakes for enterprise infrastructure

Regulatory direction in Japan provides additional context for why these partnerships are surfacing now. In July, Japan’s parliament passed revisions that classify crypto assets as financial assets under Japan’s Financial Instruments and Exchange Act, as noted in earlier coverage cited in the source text.

Additionally, Japan’s Finance Minister Satsuki Katayama signaled an intent to bring crypto under the same umbrella as traditional finance assets in January, with the aim that citizens would “benefit from digital and blockchain-based assets.” The inclusion of crypto within a more established securities framework increases the importance of controls and institutional-grade operating processes.

For custody and tokenization infrastructure providers, the regulatory shift can be a catalyst—new frameworks often require service providers to adapt how they safeguard assets, manage operational risk, and document processes. Partnerships like Ripple–SettleMint and Coincheck–DFNS can be seen as attempts to deliver the operational readiness institutions increasingly need.

What to watch next

The immediate question for institutions is how these integrated approaches will translate into real-world deployments—particularly around governance, lifecycle workflows, and enterprise onboarding. As Japan and other Asia-Pacific markets refine regulatory expectations, providers that can demonstrate secure custody plus end-to-end lifecycle management are likely to gain an advantage, while others may struggle to meet the operational bar at scale.

The US dollar continues to strengthen following its previous period of weakness, gradually recovering ground against the major currencies. Today, market attention will be focused on the preliminary ADP employment figures for the US. According to forecasts, the private sector is expected to have added 48K jobs, following an increase of 44K the previous month. A significant deviation from expectations could increase dollar volatility and prompt a reassessment of expectations for the Federal Reserve’s future policy.

The situation in the Middle East remains another important factor. Tensions surrounding Iran continue to support demand for safe-haven assets and increase volatility in the oil market. Stronger demand for safe havens could also support the yen and partially limit the upside potential of USD/JPY.

For USD/CAD, the Bank of Canada’s meeting will be the key event. The central bank is expected to keep its policy rate unchanged at 2.25%, meaning that attention will focus primarily on the accompanying statement and press conference. A more dovish tone could increase pressure on the Canadian dollar and support further gains in the pair.

Oil will remain another important driver. EIA crude inventory data and geopolitical tensions surrounding Iran could have a significant impact on oil prices and, consequently, on the Canadian dollar.

USD/JPY

Following last week’s recovery, USD/JPY has once again tested the important 159.40–159.80 support area. Yesterday, buyers managed to establish the pair above the psychological 160.00 level.

If the US employment data comes in stronger than expected, the advance could continue towards 160.50–161.00. The bullish scenario would be invalidated by a firm move below 159.40.

Key events for USD/JPY:

• today at 14:00 (GMT+3): US MBA Mortgage Applications;
• today at 15:15 (GMT+3): US ADP Nonfarm Employment Change;
• tomorrow at 03:30 (GMT+3): Japan Services PMI.

USD/CAD

USD/CAD has been consolidating within a narrow 1.3840–1.3910 range over recent trading sessions.

A breakout and sustained move above 1.3910 could pave the way for further gains towards 1.3960–1.4000. Conversely, a break below the lower boundary of the range could lead to another test of the recent lows around 1.3730–1.3780.

Key events for USD/CAD:

• today at 16:45 (GMT+3): Bank of Canada interest-rate decision;
• today at 17:30 (GMT+3): US crude oil inventories;
• today at 17:30 (GMT+3): Bank of Canada press conference.

The dollar is maintaining its upward momentum, although today’s events could significantly influence the next direction of the market.

For USD/JPY, the main drivers will be the ADP employment figures and any subsequent repricing of expectations for Federal Reserve policy. USD/CAD will additionally be influenced by the Bank of Canada’s decision and developments in the oil market.

Stronger-than-expected US data combined with a dovish BoC tone could support further gains in both pairs, while weaker US figures or more hawkish signals from the Canadian central bank could limit the dollar’s recovery.

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Remixpoint has sold its entire altcoin portfolio for ¥878.8 million, leaving the Japanese listed company with roughly 1,506 Bitcoin as its only cryptocurrency holding.

According to a September 2 disclosure from Remixpoint, the company sold all of its Ethereum, Solana, XRP and Dogecoin on September 1 after reviewing market conditions, the risk and return profile of each asset and its financial strategy. The transactions generated a combined realized profit of ¥117.77 million.

The company said the portfolio change would concentrate its crypto holdings and establish Bitcoin as the main asset under its holding and operational strategy. Remixpoint plans to book roughly ¥117 million from the altcoin sales as business segment revenue in the second quarter of its fiscal year ending March 2027.

Remixpoint sells ETH, SOL, XRP and DOGE

Ethereum accounted for the largest portion of the sale by value. Remixpoint disposed of 901.44672542 ETH for ¥353.43 million, compared with a book value of ¥293.22 million, producing a profit of ¥60.2 million.

Its 13,920.07255868 SOL position was sold for ¥227.89 million against a book value of ¥178.58 million. The Solana transaction generated another ¥49.3 million in realized gains.

Remixpoint received ¥260.43 million from the sale of 1.191 million XRP, resulting in an ¥11.52 million profit. Dogecoin was the only position sold at a loss, with 2.802 million DOGE generating ¥37.08 million compared with its ¥40.34 million book value. The DOGE sale resulted in a ¥3.26 million loss.

Combined, the four positions had a book value of ¥761.04 million before being sold for ¥878.81 million.

Ethereum and Solana had previously generated income for the company through staking. Between July 16, 2025 and August 31, 2026, Remixpoint received ¥10.93 million in staking rewards from ETH and ¥18.94 million from SOL, taking total rewards from the two assets to ¥29.87 million. The company received all of those rewards in yen.

Remixpoint had built a diversified crypto portfolio before concentrating its holdings in Bitcoin. In November 2024, crypto.news previously reported that its holdings included Bitcoin, Ethereum, Solana, Avalanche, Dogecoin and XRP. At the time, the company held 215.76 BTC, while Solana was its second-largest crypto position by value.

By December 2024, its Bitcoin balance had increased to 282.87 BTC after another ¥200 million purchase. The company then held ETH, SOL, AVAX, DOGE and XRP alongside Bitcoin, with an aggregate acquisition cost of ¥4 billion across the portfolio.

Bitcoin becomes Remixpoint’s sole crypto holding

Following the September 1 sales, Remixpoint said its cryptocurrency holdings consisted solely of approximately 1,506 BTC.

The decision extends a Bitcoin strategy that the company had been expanding since 2024. Remixpoint approved another ¥1 billion Bitcoin purchase in May 2025 after committing ¥11 billion to cryptocurrency purchases and spending ¥10.5 billion of that amount. The additional allocation would have taken its approved crypto investment to ¥12 billion at the time.

Its Bitcoin strategy accelerated two months later when Remixpoint announced a financing plan designed to raise approximately $215 million. The company said at the time that it intended to increase its Bitcoin exposure, while its crypto portfolio still included ETH, XRP and SOL. Its Bitcoin balance then stood at roughly 1,051 BTC.

Remixpoint reinforced the strategy in July 2025 when CEO Yoshihiko Takahashi chose to receive his salary in Bitcoin. The arrangement made Remixpoint the first publicly listed Japanese company to pay its chief executive entirely in BTC, with the company converting an amount equal to Takahashi’s salary into Bitcoin before transferring it to him.

Bitcoin lending has since generated revenue from the company’s holdings. Remixpoint’s September 2 filing showed that lending operations produced 14.92055902 BTC, valued at ¥164.22 million, between February 24 and August 31. Monthly lending income reached 2.48356398 BTC, worth ¥31.15 million, in August alone.

Japanese companies continue building Bitcoin treasuries

Remixpoint’s Bitcoin concentration comes as other Japanese listed companies have developed treasury strategies centered on the cryptocurrency.

Metaplanet held 43,000 BTC after adding 2,823 Bitcoin during the second quarter of 2026. The company reported an overall average acquisition price of ¥15.3 million per Bitcoin, while revenue from its Bitcoin Income Generation business fell roughly 41% quarter over quarter to ¥1.747 billion.

Metaplanet has moved beyond accumulation into financial products tied to its treasury. In July, the company completed its ¥2.1 billion acquisition of Siiibo Securities and launched Metaplanet Securities, a regulated business intended to develop Bitcoin-backed bonds and digital credit products.

Remixpoint, meanwhile, said the ¥878.81 million raised from its altcoin disposals would be considered for expanding assets in business areas it has identified for future growth, including grid-scale storage batteries. The company named strengthening its financial base and other measures intended to improve corporate and shareholder value among the potential uses of the proceeds.

Figure Technology Solutions has completed its acquisition of real estate lender Kiavi, bringing its lending technology and residential investor loan products into Figure’s blockchain-based capital marketplace.

According to Figure’s Sept. 1 announcement, the Nasdaq-listed company acquired Kiavi’s technology and operating platform along with certain other assets under the merger agreement signed in June. A joint venture between Figure and investment firm Sixth Street purchased loans from Kiavi’s balance sheet as part of the transaction.

Figure completes Kiavi acquisition after $717 million agreement

The closing comes nearly three months after Figure agreed to acquire Kiavi in a transaction carrying a total purchase price of $717 million.

As crypto.news previously reported, Figure expected Kiavi to bring more than $7 billion in annual loan volume into its marketplace. The company projected more than $100 million in monthly flow for Democratized Prime, its onchain credit marketplace connecting lenders with investors.

Kiavi provides financing to residential real estate investors through short-term residential transition loans, or RTLs, and longer-term debt service coverage ratio loans, known as DSCR loans.

At the time the deal was announced, Figure described Kiavi as an asset-light business that generated more than $250 million in revenue and over $100 million in EBITDA during 2025. The company estimated that Kiavi’s lending products represented a $200 billion annual addressable origination market.

Figure said the Kiavi brand, technology and platform will now be integrated across its network of more than 480 active ecosystem partners. Figure Connect will provide access to Kiavi’s residential transition and DSCR lending technology as the company moves the products onto its blockchain-based marketplace infrastructure.

Kiavi CEO Arvind Mohan is joining Figure as chief business officer and will oversee the rollout of the platform across Figure’s ecosystem.

“We are thrilled to integrate Kiavi into Figure and welcome its team to our company,” Figure CEO Michael Tannenbaum said.

Tannenbaum said adding Kiavi’s platform, technology and staff accelerates Figure’s marketplace plans as the company works with partners in the $35 trillion home equity market.

Figure financed deal after $600 million note offering

Figure funded the transaction after completing a $600 million offering of 8.5% senior notes due 2031 in July.

The company’s Sept. 1 regulatory filing showed that it paid approximately $590 million in cash consideration, net of cash acquired, at closing. The amount remains subject to customary adjustments involving Kiavi’s cash, debt, transaction expenses and operating net working capital.

Under the merger structure, Figure’s wholly owned Project Mason Merger Sub merged into Kiavi, leaving Kiavi as a wholly owned Figure subsidiary.

The closing follows a period of rapid loan growth for Figure. Second-quarter loan volume reached $4.3 billion, up 77% year over year, while net income increased 192% to $90 million.

Consumer loan marketplace volume reached $4.1 billion during the quarter, a 72% increase from the same period a year earlier. Figure Connect accounted for $3.2 billion of that volume.

Small and medium-sized business loan volume rose 57% from the first quarter, while third-party borrowing through Democratized Prime stood at roughly $170 million as of Aug. 6. The figure was around 23 times the level recorded at the end of 2025.

Figure said during its second-quarter results that the Kiavi transaction remained on schedule to close during the second half of 2026.

Kiavi expands Figure Connect loan inventory

The acquisition gives Figure another source of residential credit assets as it expands Figure Connect and Democratized Prime.

Figure had already been pursuing a larger position in residential lending. Executive chairman and co-founder Mike Cagney said in May that the company was targeting the first-lien mortgage market, with particular attention on mortgages below $300,000.

Cagney said Figure’s technology could reduce costs associated with originating smaller mortgages. The company’s home equity line of credit system can approve applications in about five minutes and provide funding within three days, compared with conventional processes that can take several weeks.

Figure’s consumer loan marketplace had recorded $1.34 billion in volume in April, up 108% from the same month in 2025.

Kiavi extends that loan inventory into financing used by residential real estate investors. When Figure announced the transaction in June, it said the acquisition would increase the share of first-lien products in its consumer loan marketplace, with first-lien loans projected to account for more than 40% of full-year marketplace volume by 2027.

The company planned to use Kiavi as the first application for agent-to-agent onboarding through Adaptor, Figure’s AI product. Figure said the technology would be used to migrate loan origination onto its infrastructure while reducing operating costs.

Sixth Street’s participation builds on an existing relationship between the two firms. In February 2025, the investment manager committed $200 million to a joint venture with Figure designed to provide more than $2 billion of liquidity to the non-agency mortgage market.

Figure continues building tokenized asset business

Figure has been extending its blockchain infrastructure beyond consumer lending as it brings different financial assets onto its marketplace.

In May, Animoca-backed NUVA connected $19 billion of Figure-linked tokenized assets with Ethereum-based decentralized finance markets. The marketplace launched with products tied to Figure’s YLDS token and a home equity credit pool.

Figure’s regulated digital asset business expanded during the second quarter as well. YLDS circulation reached $556 million at the end of June, compared with $328 million at the end of 2025.

Earlier this year, the company launched the OPEN network for issuing and trading public equities directly through blockchain infrastructure. Figure said the system allows securities to be self-custodied and settled onchain, while its own shares are expected to be exchangeable between OPEN and its Nasdaq-listed stock.

Kiavi’s contribution has not been included in Figure’s existing third-quarter Consumer Loan Marketplace guidance.

Figure said it plans to revise that outlook when it reports its third-quarter 2026 results, including a reconciliation showing how the combined business changes the guidance previously issued by the company.

OKX may restrict account functions and funds for 15 days or longer when cryptocurrency deposits trigger enhanced anti-money laundering reviews, CEO Star Xu said on Sept. 2.

Xu issued the warning after responding to a user whose transfer from a sports betting platform reportedly triggered an OKX risk review. The executive said funds sent from high risk addresses can result in stricter checks, with the length of a review depending on the circumstances.

Accounts confirmed to be connected to high risk or illegal activity may have their services terminated, according to Xu. His statement did not identify the user, betting platform, deposited asset or amount involved.

Xu also warned about funds originating from escrow transactions conducted through Telegram groups, Huiwang and related platforms. Such channels can create elevated source of funds risks, although a transfer from a flagged address alone does not prove that an account holder committed a crime.

OKX reviews may restrict funds beyond 15 days

Xu said an OKX risk review may continue for 15 days or longer. During that period, the exchange may restrict access to funds and some account functions while its compliance team examines the transaction history.

The statement did not establish 15 days as a fixed minimum or maximum. Xu said the duration would depend on the facts of each case, meaning reviews may conclude sooner or continue beyond that period.

Crypto exchanges use blockchain monitoring tools to assess whether deposited assets have interacted with addresses associated with scams, hacks, sanctions, darknet markets or other flagged services. They may also request transaction records and evidence explaining how a customer obtained the assets.

Blockchain screening works by tracing transaction paths and assigning risk labels to wallets. Those labels can help exchanges prioritize reviews, but they do not independently establish ownership, criminal intent or legal liability. Assets can pass through several unrelated wallets before reaching an exchange.

Xu did not disclose which blockchain analytics providers OKX uses or what risk score triggers a restriction. The exchange also has not published a detailed appeals process specific to the case that prompted his response.

OKX CEO identifies higher risk funding channels

Xu specifically cited Telegram escrow transactions and Huiwang variants as examples of channels that may expose users to elevated source of funds risks. Telegram itself is a messaging platform, but private groups can be used to arrange informal trades without the customer verification controls found on regulated exchanges.

Escrow arrangements can also make a transfer harder to document. The address sending cryptocurrency to an OKX customer may belong to an intermediary rather than the original buyer or seller, creating gaps in the transaction record.

Xu used the name Huiwang, which is commonly associated with Huione, a Cambodia based group operating payment and online marketplace services. Different spellings and successor brands have appeared in public reporting, making it important not to treat every similarly named platform or address as automatically connected.

The U.S. Treasury’s Financial Crimes Enforcement Network took action against Huione Group in October 2025. FinCEN’s final rule identified the company as a foreign financial institution of primary money laundering concern and cut it off from the U.S. financial system.

FinCEN said Huione Group laundered at least $4 billion in illicit proceeds between August 2021 and January 2025. The agency attributed at least $37 million to North Korean cyber heists, $36 million to virtual currency investment scams and $300 million to other cyber scams.

Those amounts are U.S. government findings concerning Huione Group. Xu did not say that every transaction involving Huiwang or its variants contains criminal proceeds. He described them as channels carrying higher source of funds risk.

Previous U.S. case placed pressure on OKX compliance

OKX’s warning comes after the exchange faced a major U.S. enforcement case over its earlier compliance controls. In February 2025, its operating company pleaded guilty to operating an unlicensed money transmitting business in the United States.

The company agreed to pay more than $500 million in penalties and forfeiture. U.S. prosecutors said OKX had served American customers despite formally restricting the market and had failed to maintain an adequate anti-money laundering program for part of the relevant period.

The enforcement action helps explain the exchange’s stricter approach to customer screening. U.S. registered crypto businesses must maintain compliance programs, retain transaction records, file required reports and screen customers against sanctions and criminal risk indicators.

A detailed review of federal rules governing cryptocurrency exchanges explains that custodial exchanges and hosted wallet providers can fall under FinCEN’s money services business framework. Covered companies face anti-money laundering, recordkeeping and suspicious activity reporting duties.

These requirements do not mean an exchange must permanently seize every deposit that receives a high risk label. Exchanges must assess available information, apply their terms and comply with legally binding orders. The appropriate response can vary by jurisdiction and transaction.

Users may need to document their source of funds

Xu advised customers not to use OKX accounts for money laundering, fraud, illegal fund transfers or other unlawful conduct. Users receiving assets from betting sites, private markets or informal trading groups may face requests to document where the funds originated.

Useful records can include withdrawal receipts, platform account statements, transaction hashes, communications with counterparties and proof showing how the underlying funds were earned. Complete records do not guarantee that an exchange will release funds, but they can help compliance teams evaluate a transaction.

Customers should also check whether the sending platform is legal in their jurisdiction and whether OKX permits transfers from it. A betting platform can be licensed in one country and prohibited in another, while an exchange may apply stricter internal policies than the law requires.

Xu did not announce a new policy, product restriction or blanket ban on deposits from sports betting services. His statement explained how OKX may respond when a transaction activates its existing risk controls.

No regulator announced an investigation connected to the unidentified user’s case. OKX also did not disclose whether the review had concluded or whether the account remained restricted.

The next confirmed development would come from OKX resolving the review or releasing more detailed guidance about affected funding sources. Until then, Xu’s statement establishes that reviews can exceed 15 days and that confirmed illegal activity may result in the complete termination of services.