Institutional Adoption

Hamilton – October 19, 2026 -- 24X Bermuda Limited has completed its second consecutive spot cryptocurrency client trade, a Bitcoin (BTC) transaction in which Standard Chartered acted as liquidity taker and Wintermute as liquidity provider.

The trade was executed on 24X's institutional multi-asset platform under its partnership with Standard Chartered, which the source describes as a global systemically important bank (G-SIB). 24X says it is one of a select few global venues offering both crypto spot and FX trading on a single, unified technology infrastructure.

Cumberland DRW provided liquidity on 24X's first spot crypto trade

The BTC transaction follows 24X's inaugural spot crypto trade, in which Cumberland DRW was liquidity provider. 24X says the two trades mark continued development of regulated, institutional-grade infrastructure for digital asset markets.

Singapore – October 07, 2026 -- Babylon Labs and HashKey Cloud announced an integration of Babylon's Trustless Bitcoin Vaults (TBV), enabling native Bitcoin-backed borrowing and yield services for institutional clients without wrapping, bridging, or centralized intermediaries.

TBV connects native Bitcoin to Ethereum lending liquidity via Aave v4

The integration allows Bitcoin holders to use native Bitcoin as collateral for borrowing through Aave v4, giving access to stablecoins and other supported assets while retaining title to the underlying asset. HashKey clients will be able to borrow against native Bitcoin and deploy the proceeds into yield strategies.

Dover, Del. – September 15, 2026 -- Algorand Foundation U.S. Inc. has appointed William Herkelrath as Chief Executive Officer, replacing Staci Warden after nearly five years at the helm of the public blockchain network.

Herkelrath takes over as Algorand pushes institutional and post-quantum strategy

Herkelrath officially assumed the CEO role on August 31, bringing two decades of experience across AI, enterprise software, institutional finance, and blockchain infrastructure. He previously co-founded K3 Labs, an AI-first automation platform for agent-managed workflows, and held leadership positions at Chainlink and Curv.