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ASIC Extends Financial Product Rules to Stablecoins and Tokenized Assets
The Australian Securities and Investments Commission has issued guidance bringing stablecoins, wrapped tokens, tokenized securities, and digital wallets under existing financial product regulations. Service providers must obtain a financial services license by June 30, 2026, under a temporary no-action relief program. The move follows industry consultation and builds on national efforts to strengthen crypto market oversight.
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OceanPal Closes $120 Million PIPE to Fund NEAR-Based AI Infrastructure Company
OceanPal, Inc. (NASDAQ: OP) has completed a $120 million private investment in public equity transaction through common stock and pre-funded warrants. The proceeds will establish SovereignAI, a digital asset treasury company focused on commercializing NEAR Protocol and developing blockchain-native AI-cloud infrastructure using NVIDIA technology, according to a press release. Investors in the offering included Kraken, Proximity, Fabric Ventures, and G20 Group.
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