June overview of capital market activities: Focus on regulatory compliance, technology partnerships, and digital assets.

pitalization, broker-dealers now have the opportunity to make proactive adjustments to their systems and operations before the changes go live. This proactive approach helps mitigate the risk of potential disruptions from external factors.
Advancements in technology partnerships
Throughout 2025, strategic partnerships have been a prevalent trend. On June 12, Sharegain, a fintech company offering securities lending as a service (SLaaS), announced a partnership with InteliClear, a post-trade processing platform designed to address the operational, accounting, and regulatory requirements of broker-dealers. This partnership integrates Sharegain’s SLaaS platform into InteliClear’s infrastructure, allowing broker-dealers using InteliClear to provide fully paid stock lending to customers seamlessly without the need for additional connectivity or integration points. This integration also enables broker-dealers to incorporate securities lending programs into their existing workflows, offering customers a quick and seamless way to access these programs and diversify their revenue streams.
Capital markets organizations are encouraged to explore strategic technology partnerships to introduce new products quickly and efficiently to meet the evolving demands of investors.
Advancement in digital asset regulation
June marked a significant milestone for digital assets with the Senate passing the GENIUS Act, a federal regulatory framework for payment stablecoins issued or sold in the United States. The passage of this act signifies a crucial step towards federal regulation and signals further innovation and consumer acceptance of cryptocurrencies and digital assets. The GENIUS Act will now move to the House of Representatives for reconciliation with its companion bill, the STABLE Act of 2025, before being sent to the president for signature later in the summer. Capital markets organizations interested in cryptocurrencies should stay informed about regulatory developments to ensure compliance when introducing these innovative products.
Looking ahead
As regulations and technology continue to evolve, broker-dealers, exchanges, and clearinghouses must adapt to these changes to cater to the changing behaviors of investors. Those that embrace new product offerings and regulatory requirements will position themselves as leaders in the capital markets sector. The drive for innovation and adaptation is essential for the continued growth and success of capital markets organizations in an ever-changing financial landscape.