Institutional infrastructure and regulated finance remained the dominant themes on July 27 as Payward moved to acquire Magic Labs’ wallet business, Securitize expanded its regulated offerings with SEC investment adviser registration, and TRON secured a U.S. futures listing through Bitnomial.
Elsewhere, MoonPay deepened its stablecoin payments strategy with Tempo, while AMINA Bank explored fresh funding options. On the market side, U.S. spot Bitcoin and Ethereum ETFs recorded notable daily outflows after several sessions of positive demand. However, both asset classes continued to post net inflows over the past week.
Payward to acquire Magic Labs’ wallet business
Payward, the financial infrastructure company behind Kraken’s broader ecosystem, signed a definitive agreement to acquire Magic Labs’ wallet-as-a-service business. Magic’s embedded wallet platform has powered more than 60 million wallets, facilitated over $10 billion in stablecoin volume, and serves more than 200,000 developers.
The acquisition brings embedded, non-custodial wallet infrastructure into Payward Services, expanding its B2B platform across crypto trading, custody, tokenized assets, on- and off-ramps, and derivatives. Embedded wallets have become a critical piece of on-chain infrastructure as financial platforms look to offer self-custody without requiring users to manage separate wallet applications. The deal strengthens Payward’s end-to-end financial stack while reflecting growing consolidation among crypto infrastructure providers.
Securitize becomes SEC-registered investment adviser
Securitize announced that Securitize Capital LLC has been registered with the U.S. Securities and Exchange Commission as an investment adviser. The registration expands the company’s regulated platform by combining investment advisory services with its existing SEC-registered broker-dealer, transfer agent, and alternative trading system. Securitize said the additional authorization will allow it to support institutional investors and asset managers developing on-chain investment products.
Tokenized securities are moving beyond issuance into portfolio management and institutional investment strategies. The registration gives Securitize another regulated capability as traditional asset managers increasingly explore blockchain-based investment products within existing regulatory frameworks.
TRON secures U.S. futures listing through Bitnomial
TRON DAO announced that Bitnomial, a CFTC-regulated U.S. derivatives exchange and clearinghouse, will list futures contracts tied to TRX, the native token of the TRON network. The listing gives eligible U.S. traders and institutions access to regulated futures exposure linked to TRX while expanding the availability of regulated digital asset derivatives.
Regulated futures listings continue to strengthen institutional access to digital assets beyond Bitcoin and Ethereum. For TRON, the listing broadens its presence within regulated U.S. financial markets while supporting the continued institutionalization of crypto derivatives.
MoonPay and Tempo expand stablecoin payment infrastructure
MoonPay partnered with Tempo to integrate USDC.e and PathUSD across MoonPay Ramps and Virtual Accounts. Tempo also added MoonPay Headless as its native fiat on-ramp, allowing users to fund wallets directly while moving between fiat and stablecoins. The partnership strengthens payment infrastructure for builders developing stablecoin applications. It also expands MoonPay’s role beyond fiat onboarding into embedded payment and settlement services.
AMINA Bank explores strategic funding options
Swiss digital asset bank AMINA is exploring strategic funding options with Cantor Fitzgerald while keeping an eventual public listing under consideration. The bank said its immediate priority is raising growth capital and ruled out pursuing a reverse merger with a digital asset treasury company. The discussions highlight continued institutional interest in regulated digital asset banks as demand for compliant custody, trading, and lending services grows. New funding could support AMINA’s international expansion and institutional offerings.
Spot Bitcoin and Ethereum ETFs see sharp daily outflows
According to Lookonchain, U.S. spot Bitcoin ETFs recorded 3,824 BTC (approximately $246.7 million) in net outflows on July 27, led by BlackRock’s IBIT, which shed 3,307 BTC. Spot Ethereum ETFs also posted 43,284 ETH (approximately $83.2 million) in net outflows, with BlackRock’s ETHA accounting for 28,369 ETH of the daily decline.
Despite the pullback, both Bitcoin and Ethereum ETFs remained in positive territory over the past seven days.
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