Global Settlement Network CEO Ryan Kirkley stated that institutional allocation decisions in November 2026 continued to depend on liquidity, monetary policy, portfolio choices, and unresolved U.S. regulatory rules around custody, payments, and settlement

Banks, asset managers, corporations and pension funds moving into digital assets through custody launches, trading desks and treasury allocations.

Rules for who may hold digital assets on behalf of others and how, covering qualified custodians, banking charters, and the accounting treatment of custodied crypto.