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Morgan Stanley to support tokenized stocks on internal venue by 2026

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Morgan Stanley to support tokenized stocks on internal venue by 2026

Morgan Stanley will let clients trade tokenized versions of U.S. stocks and ETFs on its internal ATS from late 2026, tying into SEC pilots at DTCC and Nasdaq for on‑chain settlement.

Morgan Stanley plans to switch on tokenized stock trading for institutional clients on its internal alternative trading system in the second half of 2026, a significant escalation of Wall Street’s push to bring traditional equities onto blockchain rails. Amy Oldenburg, the bank’s head of digital assets strategy, told a panel at the Digital Asset Summit in New York on Tuesday that the ATS — which currently handles listed stocks, ETFs and American depositary receipts — will allow certain securities to be issued and settled in tokenized form alongside their conventional counterparts. “This is not FOMO,” Oldenburg said in separate comments reported by AOL, describing the rollout as “a very managed and stepped journey” tied to a broader modernization of Morgan Stanley’s trading and settlement infrastructure.

The plan positions Morgan Stanley to sit directly in the middle of the fast-growing tokenized stocks segment, where on-chain representations of U.S. equities have reached roughly $800 million in market value and about $1.8 billion in monthly trading volume as of December 2025, according to ChainCatcher’s market research. That same research notes around 50,000 monthly active addresses and 130,000 total holding addresses in tokenized equities, a sign that usage is moving beyond niche experiments and into regular portfolio construction for offshore and crypto-native investors. For Morgan Stanley’s ATS, the initial phase will likely focus on tokenized blue-chip U.S. stocks and ETFs, with Oldenburg previously signaling interest in connecting the bank’s wealth clients and advisory channels to a broader lineup of digital securities over time.

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Morgan Stanley’s move lands in a regulatory environment that has turned sharply more accommodating to tokenized securities. In late 2025, the U.S. Securities and Exchange Commission granted a no-action letter to the Depository Trust & Clearing Corporation (DTCC), allowing its Depository Trust Company unit to custody and recognize tokenized stocks, bonds and other real-world assets on selected blockchains for a three-year period. This effectively gave DTCC permission to run tokenization services at scale and paved the way for mainstream broker-dealers and banks to plug into on-chain settlement without abandoning the existing market structure.

More recently, the SEC approved a pilot for Nasdaq to support tokenized stock trading, letting participants choose tokenized settlement while keeping the same order book, priority rules and shareholder rights as traditional equities. ChainCatcher notes that the Nasdaq pilot is designed to “explore the feasibility of on-chain settlement without changing the trading structure,” a model that closely mirrors Morgan Stanley’s plan to add tokenized legs into an existing ATS rather than create a separate crypto-only exchange. In parallel, Morgan Stanley has filed for spot Bitcoin and Solana ETFs, is preparing a native Bitcoin custody and trading platform, and, according to RootData and CryptoRank, is developing a digital wallet to support tokenized assets — suggesting that tokenized stocks are one pillar in a broader multi-asset digital securities roadmap.

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Top 6 cryptocurrency cards in Egypt

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Top 6 cryptocurrency cards in Egypt - 2

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Crypto cards gain traction in Egypt as users seek easier ways to spend digital assets globally.

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Top 6 cryptocurrency cards in Egypt - 2

Summary

  • Crypto cards gain traction in Egypt, enabling users to spend digital assets like BTC and USDT globally.
  • Providers including Wirex Card and Nexo Card offer crypto-to-fiat payments.
  • Crypto cards bridge banking gaps, helping Egyptians manage remittances, subscriptions, and everyday payments.

While Egypt’s traditional banking system remains conservative when it comes to crypto, the demand for digital assets is clearly on the rise. More people are looking for ways to handle international payments, manage freelance earnings, or simply avoid the hurdles of traditional remittances. 

This is where crypto cards come in — they act as a bridge, letting users turn their digital balance into spendable currency for online shopping, global subscriptions, and international services that usually require a standard bank card.

Since navigating these options can be tricky, we’ve rounded up some of the most reliable crypto cards available to users in Egypt right now.

How does a crypto card work?

A crypto card works much like a standard debit card, but instead of being tied to a bank account, it uses cryptocurrency. When someone makes a purchase, the platform handles the conversion of their digital assets into fiat currency behind the scenes — either instantly at the moment of payment or through a pre-funded balance loaded in advance. 

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This allows them to use assets like USDT, BTC, or ETH to pay for everything from global subscriptions to daily groceries at any merchant that accepts traditional Visa or Mastercard.

Top cryptocurrency cards in Egypt

Here are some crypto card providers that Egyptian users can consider. They offer convenient crypto-to-fiat conversion and allow spending digital assets through global payment systems.

The cards reviewed in this guide:

  • Cryptomus Card
  • Wirex Card
  • SpectroCoin Card
  • Nexo Card
  • CoinsPaid Card
  • Capitalist Crypto Card

Let’s take a closer look at what each of them offers.

Cryptomus Card

Cryptomus offers a flexible virtual card designed for those who need a quick and reliable way to spend USDT or USDC without the typical banking hurdles. Users can issue up to 10 virtual cards almost instantly after a simple KYC check, and they integrate seamlessly with Apple Pay and Google Pay for both online and in-store use. 

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Funded directly from a personal Cryptomus wallet, the card features robust security like 3D Secure (3DS) and instant “freeze” controls.

A dedicated mobile app allows users to manage everything on the go, providing real-time tracking of their balance and transaction history. This makes it an excellent bridge to global commerce in regions where traditional payment options are often limited.

Key Features:

  • Instant virtual card issuance after KYC (up to 10 cards per user)
  • Direct top-up from the Cryptomus Personal Wallet
  • 3DS secure payments and real-time notifications
  • Card freeze/unfreeze and card details management
  • 0% withdrawal back to the personal wallet
  • Referral program: 25% from referral top-up fees

Wirex Card

Wirex acts as a seamless bridge between crypto and fiat, allowing users to spend digital assets at millions of merchants with real-time conversion. It stands out for its Cryptoback rewards — offering up to 8% back on purchases — and the ability to earn interest on stablecoins or borrow fiat against 

crypto. With no monthly fees and support for 100+ assets, it’s a versatile all-in-one tool for global spending and wealth management.

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Key Features:

  • Automatic crypto-to-fiat conversion at checkout
  • Supports multiple cryptocurrencies, including BTC, ETH, and stablecoins
  • Integrated mobile app for balance management
  • Real-time notifications and spending controls
  • Strong fraud monitoring and security tools

SpectroCoin Card

SpectroCoin Card provides a straightforward way to spend a crypto wallet balance through the global Visa network. It is particularly effective for those who need a reliable virtual or physical card for international online shopping and recurring subscriptions. 

In 2026, the card stands out for its broad asset support, allowing users to load their account with over 40 different cryptocurrencies and spend them at millions of locations worldwide with low issuance fees and transparent conversion rates.

Key Features:

  • Supports BTC, ETH, USDT, and other popular assets
  • Wallet integration for easy card top-ups
  • Instant conversion during payments
  • App-based transaction tracking
  • Security tools, including 2FA and card locking

Nexo Card

What makes the Nexo Card unique is its ‘Dual Mode’ feature, which lets users switch between a debit and credit card with one tap. In debit mode, users spend their crypto assets directly for everyday purchases. 

If they prefer to keep their portfolio intact, they can switch to credit mode to use their crypto as collateral, allowing them to access liquidity without being forced to sell their assets. It’s a great choice for someone who wants to access their money without being forced to sell off their portfolio.

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Key Features:

  • Spend without selling crypto assets
  • Credit line backed by crypto holdings
  • Support for multiple cryptocurrencies
  • Real-time transaction tracking
  • Built-in security features and card management

CoinsPaid Card

CoinsPaid Card is built for those who need a professional-grade bridge between their digital wallet and the real world. In 2026, it remains a favorite for its transparent approach, allowing users to instantly convert over 20 top cryptocurrencies into 40+ fiat currencies with zero hidden markups. 

Key Features:

  • Direct spending from crypto balances
  • Supports several major cryptocurrencies
  • Instant conversion during payments
  • Advanced security controls
  • Designed for international payments

Capitalist Crypto Card

Capitalist Crypto Card is positioned more around transparent pricing than ultra-low fees, so it’s better described as a predictable-cost option rather than a discount solution. While exact rates may vary by region and funding method, users typically encounter standard crypto-to-fiat conversion spreads instead of aggressive promotional pricing. 

The card works best for simple online payments where clarity of costs matters more than chasing the lowest percentage.

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Key Features:

  • Virtual card designed for online spending and subscriptions
  • Automatic crypto-to-fiat conversion during checkout
  • Standard conversion spreads rather than fixed low-fee positioning
  • Real-time transaction monitoring and spending controls
  • Focus on clear pricing instead of complex reward structures

In Egypt, cryptocurrency cards are gradually becoming a practical way to use digital assets for everyday payments and international purchases. Even though local banking infrastructure for crypto is still developing, global platforms allow users to bridge the gap between digital currencies and traditional payment systems.

The best card ultimately depends on needs — whether someone prefers simple crypto spending or access to multiple assets. As crypto adoption continues to grow, payment cards will likely become one of the easiest ways for users in Egypt to integrate digital assets into daily financial life.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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Bitcoin under pressure as yields rise, Iran conflict, inflation risk

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Crypto Breaking News

A risk-off mood swept across crypto and traditional markets as geopolitical tensions and stubborn inflation kept investors cautious. Bitcoin tested the $67,500 support level on Monday as traders paused after a run higher, while gold endured a sharp pullback described as one of its steepest corrections in more than five decades. Oil extended its rally, trading above the $90 per barrel threshold on renewed concerns about conflicts in the Middle East, heightening inflation pressures even as markets gauged the trajectory of U.S. monetary policy.

In parallel, U.S. Treasuries came under selling pressure, with the 5-year yield surging to around 4.10% — a nine-month high — as investors demanded better returns in a uncertain macro backdrop. The S&P 500 also slipped to its weakest level in more than six months, underscoring a broad shift toward liquidity. Market data pointed to a meaningful shift in rate expectations, with the probability of a July rate hike climbing to roughly 20% according to the CME FedWatch tool, signaling a tighter policy stance ahead.

Key takeaways

  • Bitcoin tested the $67,500 support as risk assets sold off alongside a sharp gold correction and a surge in oil prices driven by geopolitical fears.

  • U.S. 5-year Treasury yields rose to about 4.10%, a nine-month high, as markets price a higher likelihood of further rate hikes this year (roughly 20% probability for a July move).

  • Oil breached the $90 level on Middle East tensions, intensifying inflationary pressures at a moment when investors reassess policy and growth risks.

  • Debt risk and tech stock softness added to the cautious tone: the U.S. national debt topped $39 trillion, while major tech names faced meaningful drawdowns on several fronts, including AI-euphoria and growth concerns.

Markets in risk-off mode amid macro and geopolitical shocks

Bitcoin’s move to test the key $67,500 support zone reflected a market attempt to balance recovering sentiment with renewed caution. The rapid correction in gold prices—described by some as the sharpest in more than five decades—illustrates how investors pivoted toward cash and short-duration assets as inflationary pressures persisted and the path of U.S. monetary policy remained uncertain. Oil’s ascent above $90 a barrel added another layer of complexity, feeding concerns about higher consumer costs and potential policy responses crafted to contain inflationary spillovers.

Geopolitical developments surrounding Iran dominated the narrative in trade desks and policy circles. Market observers noted that oil’s rally would likely keep inflation prints under scrutiny and complicate the Federal Reserve’s task of calibrating policy to slow growth without tipping the economy into recession. The Washington Post highlighted broader debates over military posture and cost, reporting that U.S. authorities debated options including a potential deployment of additional troops in the region to counter Iran’s influence around critical chokepoints. While these reports underscored escalation risk, traders stressed that policy clarity and inflation data would ultimately guide near-term price action for risk assets, including Bitcoin.

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From a pure market-structure perspective, the risk-off tilt was reinforced by a retreat in equities. The S&P 500’s dip toward multi-month lows signaled that investors were de-risking amid uncertainty over how elevated energy prices, geopolitical tensions, and slower growth might interact with corporate earnings. On the rate front, the implied path of policy tightening appeared to broaden: the CME FedWatch Tool showed a meaningful probability that the Federal Reserve could raise rates by July, albeit with a still-contingent trajectory depending on incoming data on inflation and the labor market.

Policy trajectory, debt dynamics, and the tech earnings backdrop

Beyond the immediate geopolitical chatter, traders weighed the longer arc of monetary policy. The combination of higher yields and persistent inflation expectations has kept a lid on risk assets, with many market participants reassessing whether a soft landing remains plausible in a climate of elevated funding costs and debt issuance. In this environment, Treasuries faced continued selling pressure as investors demanded higher yields to compensate for ongoing macro headwinds.

Meanwhile, the broader debt landscape remains a talking point for investors concerned about fiscal sustainability. U.S. government debt has surpassed $39 trillion, highlighting the fragility of the macro backdrop where wage growth and consumer prices interact with fiscal stimulus and military spending. This backdrop has intensified debates about the pace of further monetary tightening and the risk of policy missteps that could weigh on asset prices, including Bitcoin, which despite resilient on-chain metrics, has to contend with a macro regime that favors liquidity preservation during stress periods.

In the tech ecosystem, the mood pivoted as investors evaluated the sustainability of AI market strength versus the fundamentals of a broad-based rally. Reuters reported that OpenAI, the creator of ChatGPT, was courting private-equity investors with a guaranteed minimum return of 17.5% even as broader profitability remained challenged. The dynamic underscored the tension between AI enthusiasm and the need for disciplined capital deployment in a high-rate, high-cost funding environment. The sector-wide pullback in tech stocks—names like Google, Meta, and IBM registering material declines over the past several weeks—further reflected the recalibration away from speculative momentum toward more cautious allocations.

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From a practical standpoint, the pullback did not erase the undercurrents of crypto-specific demand signals observed in on-chain activity and institutional interest. Some metrics suggested that Bitcoin remained resilient on a structural basis even as price action traded within a broad range. However, the combination of rising yields, fragile risk sentiment, and systemic debt growth kept upside momentum in check and kept the door open for further volatility as new data prints and policy cues arrive.

For investors, the message is nuanced. While the macro risk-off environment tends to weigh on risk assets, Bitcoin’s role as a diversifying, non-sovereign store of value remains a focal point for portfolios seeking hedges against fiat instability. Yet the narrative remains highly conditional on inflation trajectories and the policy response to geopolitical shocks. The divergences between on-chain indicators and macro price action suggest a period where crypto markets could outperform in certain risk-off scenarios while still grappling with broader macro headwinds in others.

What to watch next

Looking ahead, traders will be closely watching inflation data, labor market signals, and the pace of energy prices to gauge how much further the Fed might tighten and when. Any escalation in Iran-related tensions or shifts in Middle East risk could renew a bid for safer assets and recalibrate expectations for both traditional markets and crypto equities. On the policy side, the next round of statements and minutes from the Fed, alongside real-time economic indicators, will shape the probability curve for rate moves and help determine whether BTC and other digital assets can sustain a constructive breakout or drift into a renewed risk-off regime.

This article draws on market readings and reporting from Cointelegraph, The Washington Post, Reuters, and related outlets to outline the evolving risk landscape. As always, readers should conduct their own research and consider how macro forces, geopolitical developments, and sector-specific dynamics interact in shaping crypto markets.

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Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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New crypto Based Eggman rises as memecoins return, GGs could be the next crypto to explode

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Best crypto to buy: New crypto Based Eggman rises as memecoins return, GGs could be the next crypto to explode - 2

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Based Eggman gains traction as a memecoin blending gaming and blockchain on the growing Base network.

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Summary

  • Based Eggman gains attention as a meme-gaming project on Coinbase’s Base blockchain.
  • Built on Base, the project targets scalability and low-cost transactions.
  • Based Eggman plans play-to-earn gaming, NFTs, and governance features to attract early crypto investors.

In recent months, the return of meme coins has become one of the most noticeable trends across the crypto industry. Meme-driven projects have historically demonstrated the ability to capture massive online attention and build powerful communities. Because of this renewed interest, many investors are evaluating new projects that could potentially become the best crypto to buy during the next market expansion.

Best crypto to buy: New crypto Based Eggman rises as memecoins return, GGs could be the next crypto to explode - 2

Among the projects currently gaining attention, Based Eggman is emerging as a promising new contender. Built on the rapidly expanding Base blockchain, the project combines meme culture, gaming mechanics, and blockchain technology to create an ecosystem designed to attract both gamers and crypto enthusiasts. This combination has helped fuel discussions about whether Based Eggman could become the best crypto to buy for investors seeking early opportunities.

Memecoins are returning to the spotlight

The resurgence of meme coins has once again sparked excitement throughout the crypto community. During previous market cycles, meme-based projects managed to generate extraordinary growth as community enthusiasm and social media attention propelled them into the spotlight. With market sentiment improving, many investors believe the next wave of meme-driven projects could produce similar momentum.

For traders searching for the best crypto to buy, meme coins often represent a unique blend of community-driven energy and viral marketing potential. Projects that successfully capture the imagination of the crypto community can grow rapidly as new participants join the ecosystem. This dynamic has encouraged investors to look closely at emerging meme tokens that could become the best crypto to buy during the next phase of the market cycle

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Based Eggman: A new contender for best crypto to buy

Among the many new projects entering the market, Based Eggman has quickly begun to capture attention from investors searching for the best crypto to buy. Inspired by Coinbase legend Brian Armstrong and the iconic Eggman character, the project merges nostalgic gaming themes with modern blockchain technology.

Based Eggman is built on the Base blockchain, a rapidly growing Layer-2 network designed to deliver scalability and low transaction costs while maintaining compatibility with Ethereum. By launching within this expanding ecosystem, the project is positioning itself to benefit from the increasing number of users and developers joining the Base network.

The vision behind Based Eggman revolves around creating a comprehensive gaming ecosystem where players can interact with blockchain technology in engaging ways. The project plans to integrate play-to-earn mechanics, NFT assets, and community governance features that allow token holders to participate in shaping the platform’s future. These elements are helping strengthen its reputation as a potential best crypto to buy candidate among early adopters.

The gaming ecosystem behind the GG token

At the center of the Based Eggman ecosystem is the $GG token, which powers gameplay rewards, NFT interactions, and governance participation. The project aims to create an environment where players can earn digital assets through gaming activities while participating in a vibrant community built around the platform.

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This combination of gaming and blockchain technology is becoming increasingly popular among developers seeking to build long-term engagement within their projects. By integrating play-to-earn mechanics with community-driven governance, Based Eggman is attempting to create a platform where users feel actively involved in the project’s development.

Based Eggman presale is gaining momentum

As interest in the project grows, the Based Eggman presale has begun attracting attention from investors seeking the best crypto to buy before major exchange listings occur. Early participation in presales often provides investors with access to tokens at lower prices before the project gains wider exposure.

The presale is currently in Stage 3, which is already 26 percent complete. So far, the project has raised 311,219.76 USDT, with 39,968,518.8 GGs tokens sold to early supporters. The current price is 0.010838 USD per $GG token, and investors can receive a 50 percent bonus using the code BASED-50 during the presale. 

Could GGs become the next explosive crypto token?

Speculation about which token could become the next breakout success is always a central theme within the crypto industry. Projects that successfully combine strong community engagement with innovative technology often generate the most excitement among investors.

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The Based Eggman ecosystem aims to harness the power of meme culture while delivering real functionality through gaming and NFT integration. By blending entertainment with blockchain technology, the project is attempting to create an ecosystem capable of sustaining long-term engagement.

As investors continue searching for the best crypto to buy, projects that offer both viral appeal and technological innovation may have a significant advantage. Based Eggman’s combination of gaming mechanics, community governance, and Base blockchain infrastructure could position it as a project capable of attracting widespread attention.

Best crypto to buy: New crypto Based Eggman rises as memecoins return, GGs could be the next crypto to explode - 3

Final thoughts

The search for the best crypto to buy remains one of the most important questions for investors entering the cryptocurrency market. As new projects continue to launch, identifying those with strong fundamentals and active communities becomes increasingly important.

Based Eggman has quickly begun to stand out as a promising new project within the meme coin and blockchain gaming sectors. With its growing presale momentum, integration with the Base blockchain, and ambitious gaming ecosystem, the project is gaining attention from investors looking for early opportunities.

While the crypto market remains highly competitive, projects that successfully combine community energy, innovative technology, and strong narratives often capture the most attention. As memecoins return to the spotlight, Based Eggman may be positioning itself as one of the best crypto to buy for investors preparing for the next phase of crypto market growth.

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For more information, visit the official website, Telegram, and X.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

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21shares Says Active Products Are Next Phase for Crypto ETPs

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21shares Says Active Products Are Next Phase for Crypto ETPs

Crypto asset manager 21shares sees actively managed exchange-traded products as the next phase of crypto investing, as the market matures beyond simple price-tracking funds.

Duncan Moir, president of 21shares, told Cointelegraph in an exclusive interview that because crypto is a nascent and growing asset class, it is particularly well suited to active management.

He said the company combines bottom-up research on individual assets with quantitative and discretionary top-down strategies to manage risk and position portfolios, adding that 21shares has been expanding its portfolio management and trading teams to support more sophisticated products.

We’ve had to hire and build out the team with people who have different trading and portfolio management expertise, but now we have a solid team and we think we’ll be able to deliver strong actively managed products.

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Active ETFs worldwide held nearly $1.8 trillion in assets at the end of 2025, according to data compiled by Morningstar and Goldman Sachs Asset Management.

Moir added that integration with FalconX, which acquired 21shares in October, is expected to accelerate product development, particularly as the company expands into more complex offerings.

Demand for crypto ETPs and ETFs varies by region, Moir told Cointelegraph. He said: 

The interest is still concentrated in the larger coins in the US. In Europe, institutional clients are more interested in newer assets and the application layer beyond the layer-1s.

He attributed the divergence to a more mature investor base in Europe, where institutions that already hold Bitcoin (BTC) and Ether (ETH) are increasingly looking to expand their crypto allocations. 

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Against that backdrop, 21shares recently launched an exchange-traded product in Europe linked to Strategy’s preferred stock (STRC), offering exposure to a high-yield instrument linked to the company’s Bitcoin-focused capital strategy. 

Moir said the product has seen strong early demand across multiple regions, reflecting investor appetite for yield-generating assets that are easier to access through traditional brokerage platforms.

Related: Crypto ETF inflows slow to $230M as Fed caution dents momentum: CoinShares

Crypto ETPs evolve beyond passive exposure

As the crypto ETP and ETF market matures, issuers are moving beyond simple price tracking, with more complex structures emerging across the US and Europe.

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One area gaining traction is staking, a process that allows investors to earn yield by locking up crypto assets to help secure blockchain networks. In October, Grayscale introduced staking across its ETPs, making its Ether funds the first US-listed spot crypto ETFs to offer staking rewards while extending the feature to its Solana trust pending ETP approval.

In March, asset manager BlackRock launched a Nasdaq-listed Ethereum product that incorporates staking, combining spot Ether exposure with yield generation. The fund recorded $15.5 million in trading volume on its first day.