YO Labs said it raised $10 million in a Series A round to scale its cross-chain yield protocol, YO Protocol. Foundation Capital led, with Coinbase Ventures, Scribble Ventures, and Launchpad Capital participating. The funds will extend support to more blockchains and strengthen risk-adjusted infrastructure for wallets, fintechs, and developers.

On December 14, 2025, The Daily Hodl reported that the Office of the Comptroller of the Currency conditionally approved national trust bank charters for five digital asset-focused firms. Two are new charters—First National Digital Currency Bank and Ripple National Trust Bank—and three are conversions for BitGo Bank & Trust, National Association; Fidelity Digital Assets, National Association; and Paxos Trust Company, National Association.

The SEC issued an investor bulletin on crypto asset custody, urging retail users to weigh security trade-offs and the consequences of private key loss. On December 13, 2025, the agency highlighted the guidance via its official account. In parallel, regulators advanced integration with banking, as the OCC conditionally approved five crypto firms for national trust bank status and the SEC cleared DTCC to tokenize select securities beginning in late 2026.

On December 14, 2025, Pakistan's finance ministry announced an MoU with Binance to advise on tokenizing up to $2 billion in state-owned assets. The non-binding pact envisions six months to finalize definitive agreements and is subject to regulatory approvals. Pakistan also granted No Objection Certificates to Binance and HTX to begin local licensing and AML registration.

In early December, Robinhood said it would acquire Indonesian brokerage PT Buana Capital Sekuritas and licensed crypto trader PT Pedagang Aset Kripto, with closing targeted for the first half of 2026. The deals give Robinhood an entry into a market with more than 19 million capital-market investors and around 17 million crypto traders, while linking local licenses to its existing Bitstamp license in Singapore. The company aims to route stocks and digital assets through one app for young, mobile-first users in emerging markets with clearer but strict regulatory regimes.

China’s Justice Network has issued a proposal to guide courts in handling criminal cases involving virtual currency, detailing standards for asset disposal and victim protection. The plan introduces third‑party auction assistants and dual technical standards for evidence and financial procedures, aiming to improve recovery and prevent seized assets from reentering markets.

On 14 December 2025, the Ethereum community outlined ERC-8092, a proposed standard for linking multiple wallets while preserving user privacy. The design would let individuals and institutions cryptographically prove relationships between accounts, including across different chains, without merging them into a single public identity or exposing unnecessary data.

On December 12, 2025, the Office of the Comptroller of the Currency conditionally approved trust bank charters for Ripple, BitGo, Fidelity Digital Assets, Paxos, and Circle. The firms may pursue fiduciary and digital asset custody activities, but must satisfy specified conditions, including a $11.7 million tier 1 capital requirement, before conversion to full operations and broader integration with traditional finance.