[Weekly Crypto] 2026.10.19

1️⃣ JPMorgan Brings Its JPM Coin Deposit Token to Ethereum JPMorgan's blockchain unit Kinexys has extended JPM Coin (JPMD), its US dollar deposit token for institutional clients, to Ethereum, after first launching it on Base in November 2025. The token now supports peer-to-peer transfers across the Ethereum Virtual Machine ecosystem, adding to a Kinexys network that has processed more than $4 trillion in cumulative transactions and averages $7 billion a day. "Tokenized financial infrastructure is no longer theoretical," said Emma Landriault, global head of Kinexys Labs. The Block

2️⃣ Switzerland Approves Its First Retail Bitcoin ETF Swiss regulator FINMA announced on October 20 that it has approved the country's first exchange-traded fund for retail investors that holds bitcoin directly. FINMA waived the usual diversification rules, citing bitcoin's long trading history and high trading volume, and generally requires a Swiss custodian bank to hold the fund's coins. Until now, Swiss bitcoin products were debt-based ETPs, and other providers have already submitted or announced their own bitcoin ETF applications. Decrypt

3️⃣ Circle Plans an Emerging Markets Push and Agrees to Buy Tazapay for $400 Million Circle plans to expand into dozens of emerging and developing markets across Asia, Africa and Latin America as global demand for its USDC stablecoin grows. The company has agreed to acquire Singapore-based payments firm Tazapay for $400 million, giving it access to banking and payment networks in more than 100 markets. "We're kind of going through an inflection point," CEO Jeremy Allaire told Reuters, describing a shift from early adopters to mainstream scale. CoinDesk

4️⃣ German Savings Banks Open Crypto Trading Through DekaBank Germany's Sparkasse savings banks are adding crypto trading to their banking apps through DekaBank, the group's securities house, which holds the assets centrally for customers. The service covers bitcoin, ether, XRP, Solana and Polygon, with DekaBank quoting a binding price that is guaranteed for a limited time. Five savings banks are taking part so far and more than 230 have expressed interest, with each Sparkasse choosing individually whether to join. BeInCrypto

5️⃣ Injective and BDACS Plan a Korean Won Stablecoin for Tokenized Assets Layer-1 blockchain Injective signed a memorandum of understanding with South Korean custodian BDACS to bring KRW1, a stablecoin fully backed by Korean won reserves, to its tokenized asset markets. KRW1 would become the exclusive won-denominated settlement asset for real-world assets on Injective, letting institutions settle in won instead of US dollar stablecoins. Minting and redemption will initially be limited to approved institutional partners, as South Korea aims to finalize its Digital Asset Basic Act by the end of 2026. Cointelegraph