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Dren Hima

ABOUT AUTHOR

Dren Hima is Head of Research at Coincub, leading research across digital asset regulation, licensing, market structure, tokenization and institutional adoption.

RegulationTokenization
Tokenized Collateral Moves Faster and Weighs the Same
US bank regulators give an eligible tokenized security the same haircuts as its conventional form, so a tokenized two-year Treasury note keeps the 2% in the capital rule’s table. ESMA’s review of tokenized CCP collateral keeps the eligible asset list fixed. Broadridge’s repo ledger averaged $359 billion a day in September 2026, while every tokenized […]...
3 days ago
ETFTokenization
Tokenized Gold vs Gold ETFs in 2026: Who Holds the Bar
The FCA’s 14 September 2026 call for input asks whether tokenized gold products sit inside the UK collective investment scheme and alternative investment fund perimeter, and an authorized firm cannot promote a product that lands inside it. PAX Gold and Tether Gold both set physical redemption at 430 tokens, around $1.85 million of metal at […]...
1 month ago
CryptoTokenization
Tokenized Deposits vs Stablecoins: Three Ledgers, No Bridge
No bank’s deposit token reaches another bank’s ledger yet. The Clearing House targets live cross-bank transactions for the second quarter of 2027. The FDIC’s proposed rule makes a tokenized deposit a deposit under the FDI Act and leaves stablecoin holders without pass-through insurance. The Bank of England dropped individual holding caps and set a £40 […]...
1 month ago
Tokenization
24/7 Tokenized Asset Trading: 0.55% on Weekends
Weekends drew 0.55% of volume on the largest tokenized US equity platform through May 2026, against 52% inside US market hours. Atomic settlement removes multilateral netting, and every weekend trade has to be prefunded in cash that clears without a bank. The Bank of England proposes Sunday CHAPS settlement no earlier than 2029. Nasdaq’s tokenized […]...
1 month ago