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On September 15, Nasdaq (NASDAQ:NDAQ) said its Verafin unit had partnered with Stablecore to fuse traditional banking data with digital asset activity inside one financial crime detection platform. The pitch is simple: crooks now move money between bank accounts and crypto to cover their tracks, and most compliance software still can’t see both sides of…

The crypto industry has spent years trying to build a better mousetrap for institutional finance. New blockchains, custom validators, vertical integrations—all promising to replace the creaky, legacy plumbing of Wall Street. Ondo Finance is taking a different path: it is simply moving into the house that already exists.