Recently (especially in June and July 2026), traditional financial institutions have been accelerating their actions in encryption, tokenized securities, stablecoins, and cryptocurrency infrastructure Visa officially launched the Visa stablecoin platform (VSP) on July 16th, allowing banks, fintech, and payment institutions to directly mint, transfer, and manage stablecoins within Visa's environment. Currently, it supports Open USD and other technologies, with the goal of integrating stablecoin capabilities into its vast merchant network; Vanguard Group has officially released its first "Digital Asset Manager" position, marking a shift from its previously conservative attitude; Charles Schwab has launched Schwab encrypted spot trading (BTC/ETH), directly targeting retail shares on exchanges such as Coinbase; Morgan Stanley has received conditional approval from OCC for its national trust bank and has completed the comprehensive promotion of E * TRADE spot cryptocurrency trading (BTC/ETH/SOL) at a rate of 50 bps; DTCC successfully completed the first batch of production environment tokenized securities trading (stocks/ETFs/US bonds, etc.) on July 15, 2026, with nearly 40 participating institutions including BlackRock, JPMorgan, Goldman Sachs, Vanguard, etc. The complete service plan is scheduled to be officially launched in October; Samsung announced on Galaxy Unpacked that Samsung Wallet will natively support stablecoins (USDC appears in the demo), targeting over 1 billion Galaxy device users worldwide; JPMorgan continues to promote its deposit token JPM Coin (JPMD), which has been opened to institutional clients on Base. This is a bank backed deposit token primarily serving 24/7 settlement and collateralization for institutional clients, positioned differently from regular stablecoins; Robinhood has launched its own Ethereum L2 Robinhood Chain and is promoting the launch of RWA assets such as tokenized stocks. Early TVL and daily active growth are relatively fast. There are more cases, such as Circle receiving final approval from OCC to establish a national trust bank, which will not be listed again. Overall, this wave of action is highly concentrated in three major directions: 1. Custody and Banking License: Cryptocurrency assets are officially incorporated into the federal banking system (Morgan Stanley, Circle, etc.) through the OCC National Trust Banking License. 2. The landing of token securities: DTCC entered production from the pilot, and the traditional clearing giant really "linked" stocks/treasury bond. 3. Stable coin/deposit token infrastructure: Visa, bank issued deposit tokens, native support for mobile wallets, driving payment and settlement scenarios. In 2026, TradFi will transition from the "wait-and-see/ETF stage" to an accelerated period of "self built infrastructure+direct trading/custody". Retail securities firms (Schwab, E * TRADE), asset managers (Vanguard, BlackRock), payment networks (Visa), clearing houses (DTCC), and technology hardware (Samsung) are almost simultaneously making efforts, and the focus of evolution has shifted from "whether to enter" encryption to "how to scale faster/more compliantly".