Grayscale Investments, one of the world’s largest crypto asset managers, has confidentially filed paperwork with U.S. regulators for a potential initial public offering.

Crypto exchange OKX has become the newest core partner of Global Dollar Network, integrating the network’s US dollar-pegged stablecoin, USDG, into its platform to serve 60 million users across 180 countries.

Standard Chartered has launched spot trading for bitcoin and ether through its U.K. operations, claiming the title of the first global bank to directly offer crypto spot trading to institutional clients.

Top stories in the Crypto Roundup today:

• Grayscale Files Confidential IPO Plans With SEC
• OKX Joins Global Dollar Network, Integrates USDG Stablecoin 
• Standard Chartered Launches Spot Bitcoin, Ether Trading for Institutions

Grayscale Files Confidential IPO Plans With SEC

Grayscale Investments, one of the world’s largest crypto asset managers, has confidentially filed paperwork with U.S. regulators for a potential initial public offering.

In a statement on Monday, the firm said it submitted a draft S-1 registration statement to the Securities and Exchange Commission. The document could pave the way for Grayscale shares to trade publicly, although no timeline or specific details were disclosed. The launch will hinge on regulatory review and market conditions.

Confidential filings have become common in both traditional and crypto sectors, giving companies room to negotiate with the SEC behind closed doors and adjust business disclosures before making plans public.

Grayscale manages products like the Grayscale Bitcoin Trust (GBTC) and Ethereum Trust (ETHE), which converted to ETFs last year. Combined, those two hold about $24 billion in assets but have seen significant outflows as investors seek lower-cost alternatives.

OKX Joins Global Dollar Network, Integrates USDG Stablecoin

Crypto exchange OKX has become the newest core partner of Global Dollar Network, integrating the network’s US dollar-pegged stablecoin, USDG, into its platform to serve 60 million users across 180 countries.

OKX customers can now access USDG and convert it one-to-one with the U.S. dollar at no charge, according to the companies. The move sees OKX join other major brands including Kraken, Robinhood, and Worldpay.

The partnership follows Global Dollar Network’s expansion into Europe under new crypto regulations and signals growing demand for stablecoins as bridges between traditional finance and decentralized finance.

Global Dollar Network runs on Solana, Ink and Ethereum blockchains and rewards partners based on their contributions, an incentive structure aimed at growing the network’s footprint.

Standard Chartered Launches Spot Bitcoin, Ether Trading for Institutions

Standard Chartered has launched spot trading for bitcoin and ether through its U.K. operations, claiming the title of the first global bank to directly offer crypto spot trading to institutional clients.

The service enables asset managers, corporate treasurers and large institutional investors to buy and sell bitcoin and ether through the same interfaces they use for foreign exchange trades. 

The bank says it’s rolling out the service during Asia and Europe trading hours for now, with round-the-clock trading potentially on the horizon if client demand rises.

While some banks have offered crypto derivatives or indirect exposure, Standard Chartered’s move into spot trading sets a new precedent among major global banks. 

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