DTCC successfully processed production trades using DTC-custodied tokenized assets in a live tokenized environment, marking a major milestone for digital markets ahead of the DTCC Tokenization Service launch later this year. Read more:

Today we're launching EthSystems. We build confidential systems for institutional Ethereum. Institutions want to use Ethereum, but one of the biggest problems is the lack of built-in, modular privacy tools. We were the Ethereum Foundation's Institutional Privacy Task Force (IPTF) for the past year. We had hundreds of conversations with central banks, regulators, tier-one banks, and asset managers, shipping open source work the whole time. Wall Street has found crypto as an asset class, but not yet as commercial infrastructure. Institutions want to run real flows on Ethereum: stablecoins, tokenized assets, settlement. These are businesses with billions of dollars on the line, and no bank will operate in full public view. On a public ledger, confidentiality is the hard part: each party to a transaction should see what it has a right to see, and nothing more. We have a year of proof of work: private bonds, confidential stablecoin transfers, private settlement across chains, the Ethereum Privacy Map, and more. All with protocol specs and security properties, at our website. We've spent a decade working on privacy in crypto. We know there's no silver bullet. Different use cases need different systems, each designed, specified, and hardened properly, and someone has to do that work. That's why EthSystems exists. We're an independent, for-profit company, backed by long-term Ethereum-aligned investors. This is a decade-long transition, and we aren't going anywhere. If you're an institution that wants to build on Ethereum, talk to us. We're hiring: BD in New York, protocol engineers, ops: join@ethsystems.org

NEW: Chainlink & multinational banking consortia launch Project Pangea to develop a novel solution redefining international FX markets. Pangea brings together 50+ banks, representing $10+ trillion AUM, to unlock T+0 cross-border settlement via Chainlink & ISO 20022 standards 🧵

A short history of how we got here, because the chronology is the whole story. January: the Pentagon demands unrestricted use of Claude for autonomous weapons and domestic surveillance. Anthropic says no. February: the President orders every federal agency to drop Anthropic. The Defense Secretary bans Pentagon contractors from doing business with them. A rival announces its classified-network deal within hours. March: the Pentagon designates an American company a "supply chain risk" under a statute written for foreign adversaries. A federal judge blocks it. May: the Pentagon signs AI deals with seven companies. Anthropic is not one of them. June 9: Anthropic releases Fable 5. June 12: Commerce issues an export control directive over a jailbreak that, by the government's own account, was demonstrated verbally, came with no written explanation, and involves a capability you can get from other publicly available models today. Two things are true at once. First: Anthropic spent months marketing Mythos as too dangerous to release. Sam Altman said it was "incredible marketing to say we have built a bomb." The Commerce Department has now formally agreed it is a bomb. If you describe your product as a munition in every press release, eventually a government takes you at your word. They wrote the legal predicate themselves and called it a brand. Second: we have run this experiment before. In the 90s the government classified encryption as a munition under ITAR. Activists defeated it by printing PGP's source code as a book, because books are protected speech and floppy disks were arms exports. A t-shirt with three lines of RSA Perl was legally a munition. The controls collapsed because math does not stop at customs. The new wrinkle is the "deemed export" rule: showing controlled technology to a foreign national inside the US counts as exporting it abroad. Which is why Anthropic's own foreign-national employees are now locked out of the model they built. The munition is in the building and the people who made it are not allowed to look at it. The jailbreak is the paperwork. The refusal was in January.

🛡️ The results for the @thedaofund’s Ethereum Security QF Round are LIVE! This historic round is closing with a HUGE last minute contribution: @wintermute_t has added $200K to the matching pool 🔥 Wintermute is a well known liquidity provider, and one of the leading supporters of Ethereum security, in fact exactly a year ago today they donated $1M to @_SEAL_Org. This year they teamed up with TheDAO, @Quantstamp & several other community partners to allocate over $1.6M worth of funding to Ethereum Security Public Goods 👇

NYC Tech Week with @ethconf is almost here 🗽 Ahead of @Vault__Summit NYC, we’re going live for a pre-game conversation on the themes shaping next week’s event: vaults, onchain asset management, institutional adoption, and the next phase of DeFi infrastructure. Joined by @CharlesJansen (@SPGlobal), @MerlinEgalite (@Morpho), and moderated by @RedoudouM. Set your reminders for Thursday, May 28th at 12pm ET.

📣 The EEA Privacy Working Group is releasing its first report: "State of Privacy on Ethereum for Enterprise". 7 EEA member organizations and 1 comprehensive map of enterprise privacy on Ethereum. More on what this means 🧵⬇️