Metaplex announces the first public release of the Genesis SDK, allowing anyone to build an issuing platform or access token data.

December 12 — CoinDesk reports that cryptocurrency exchange Coinbase and Standard Chartered Bank (a bank with a friendly stance toward crypto businesses) have expanded their collaboration in the digital asset space. The pair are jointly exploring product development across institutional client trading, prime brokerage services, custody, staking, and lending. This partnership builds on their existing collaboration in Singapore, where Standard Chartered provides banking connectivity services for Coinbase customers to enable real-time Singapore dollar transfers.

December 12 — Per The Block, cross-chain interoperability protocol deBridge has launched a new execution primitive aimed at reducing on-chain operational complexity for users and developers. Dubbed deBridge Bundles, this new execution model lets users sign an intent outlining their desired outcome — the protocol then executes the operation based on that intent, with no direct user interaction with the blockchain required. Bundles also streamlines app development for builders, allowing them to focus on product logic and user experience (UX) while the protocol handles complex custom tools, retry logic, and execution frameworks.

**December 12: Musk Confirms SpaceX 2026 IPO Reports Accurate** Elon Musk took to X (formerly Twitter) on December 12 to state that reports of SpaceX launching an IPO in 2026 are “accurate.” Multiple media outlets have cited a target valuation of up to $1.5 trillion, with Starlink’s growth and Starship’s progress identified as key catalysts. However, historical data shows high valuations typically face pressure on post-IPO returns. BiyaPay analysts note a successful IPO would significantly lift sentiment across the aerospace supply chain and satellite internet theme—but short-term expectations are more likely to drive front-running and amplify volatility. They recommend monitoring valuation absorption and the pace of profit realization. BiyaPay supports USDT trading for U.S. stocks, Hong Kong stocks, and futures, and offers zero-commission trading on cryptocurrency spot contracts.

On December 12, Mariu, co-founder of Kamino—a liquidity protocol in the Solana ecosystem—announced at the Solana Breakpoint Conference: “We’re set to launch a fixed-rate, fixed-term lending product. Users will choose their desired rate and term, then transact at those parameters.” This setup enables institutions seeking to lock in financing costs to enter the market, while letting asset rotation strategies capture a locked stable spread. Kamino is partnering with Fal X—one of the largest brokers in its target market—with a key subcomponent: “lending intention.” This feature allows both borrowers and lenders to place orders at their preferred rates, enabling true on-chain rate discovery and the formation of an on-chain yield curve.

December 12th — At the Solana Breakpoint Conference, Figure’s Executive Chairman Mike Cagney announced: “Roughly a week and a half back, we rolled out another update—essentially a second IPO. We’re issuing a new iteration of Figure equity natively on a public blockchain.” “This issuance skips the DTCC, won’t trade on Nasdaq or the NYSE, doesn’t rely on referral brokers like Robinhood, and won’t use prime brokerage services from firms like Goldman Sachs.” “This is a blockchain-native security, listed on Figure’s proprietary Alternative Trading System (ATS)—essentially a decentralized platform for self-custody, self-trading, and a self-regulated market.” “Investors can link these securities to an ATS wallet (instead of a traditional referral brokerage account) and use the equity in DeFi for activities like collateralized borrowing and lending.”