Institutional tokenization continued to gain momentum this week as regulators, financial market infrastructure providers, and global banks advanced new digital asset initiatives across the U.S., the UK, Japan, and Singapore. At the same time, Kaspa developers, led by Michael Sutton, laid important groundwork for the community by introducing ecosystem standards (Kas-Smiths and the KCC repository), formalizing covenant architecture (Actor Models), and releasing a new actor-based programming language (Argent).