WuBlockchain Weekly: Revised CLARITY Act mandates DeFi registration, US funds quantum defense and MetaMask parent to split, etc

RWA Signal Insight
InfrastructureRecent global regulatory and institutional developments highlight a pivotal shift in the integration of digital assets into traditional financial frameworks. In Canada, the Office of the Superintendent of Financial Institutions (OSFI) has officially declared that tokenized deposits are legally equivalent to conventional bank deposits, providing a clear regulatory path for financial institutions. Simultaneously, a coalition including Nasdaq and the Stuttgart Stock Exchange is lobbying the European Union to raise the DLT pilot regime cap for tokenized securities to €1.5 trillion, arguing that current limits stifle institutional growth. In the United Kingdom, the House of Lords has moved to mandate a formal digital assets strategy covering tokenized securities and infrastructure. Meanwhile, the US Senate is debating the Clarity Act, which seeks to define regulatory oversight for DeFi protocols, while the US Treasury continues to manage liquidity through significant long-term bond buybacks. These developments collectively signal that regulators are moving beyond experimental phases toward establishing the legal and structural foundations necessary for large-scale RWA adoption. The industry's push for higher caps and legal clarity underscores the growing demand for institutional-grade infrastructure to support the tokenization of real-world assets.
Key points
- Canada's OSFI confirmed tokenized deposits are legally equivalent to traditional bank deposits.
- Nasdaq and Stuttgart Stock Exchange urged the EU to raise tokenization caps to €1.5 trillion.
- UK House of Lords passed an amendment requiring a national digital assets strategy.
- US Senate Republicans revised the Clarity Act to mandate CFTC registration for non-decentralized DeFi.
Background
The DLT Pilot Regime is an EU regulatory framework that allows financial market infrastructures to test distributed ledger technology for trading and settling tokenized securities. It provides temporary exemptions from existing financial regulations to encourage innovation while maintaining investor protection. OSFI is the primary regulator for Canadian financial institutions, ensuring they maintain safety and soundness while adapting to new technological risks.