Australia has unveiled draft legislation to tighten oversight of crypto exchanges, bringing digital asset platforms under the same rules as traditional financial services. The proposal, described by Assistant Treasurer Daniel Mulino as the cornerstone of the government’s digital asset roadmap, would create two new financial products under the Corporations Act: “digital asset platforms” and “tokenized custody platforms.”

Forward Industries, a major player in the Solana ecosystem, has announced plans to tokenize $1.65 billion worth of stock using Superstate’s Opening Bell platform, further advancing the growing trend of real-world asset tokenization (RWA). The move follows recent developments by firms like Galaxy Digital, which have also embraced tokenization as a way to bridge traditional finance with blockchain-powered markets.

House members are urging the U.S. Securities and Exchange Commission (SEC) to move quickly in implementing President Donald Trump’s crypto 401(k) executive order, which aims to expand retirement investment options by allowing digital assets like Bitcoin and Ethereum to be included in retirement accounts. The order directs the SEC to revise existing regulations and provide clearer guidance for 401(k) plan administrators so that alternative assets can become more accessible to