Armada Daily Repo Summary Archive

2026-10-02

160 items scanned · 8 actionable · tap any headline to open its briefing
Regulatory & Enforcement
SEC proposes rule allowing investment advisers and funds to self-custody crypto assets
SEC's self-custody framework could reshape qualified custodian requirements for fund counterparties using Armada's crypto repo desk, affecting custody partner policy and collateral eligibility.
FinCEN sanctions A7 Network, proposes ban on sub-agent payment processing
FinCEN action against a firm processing $17B in dollar transactions via sub-agents signals intensified AML enforcement around crypto-adjacent payment rails relevant to Armada's counterparty onboarding.
Traditional Repo & Rates
Fed Vice Chair Bowman: eSLR reform measurably improved Treasury market function
Expanded bank balance sheet capacity under eSLR directly affects Treasury repo demand and dealer intermediation capacity relevant to Armada's traditional repo desk.
French sovereign yield spread vs. Germany hits euro-crisis-era levels in October 2026
Euro-crisis-level OAT-Bund spreads signal European sovereign stress that could spill into cross-currency repo markets and affect agency and sovereign collateral haircut assumptions on the traditional repo desk.
Custody / SOC 2
BitGo CEO: Clarity collapse exposed systemic crypto custody and market structure risk
Clarity's combined exchange-brokerage-custody failure highlights concentration risk directly relevant to Armada's crypto repo desk custody policy and Fireblocks SOC 2 positioning.
Tokenized Collateral
Fiserv digital asset platform launches with Bank of North Dakota dollar-backed stablecoin
A regulated bank-issued stablecoin on a major fintech infrastructure platform signals growing tokenized cash collateral supply potentially relevant to Armada's crypto repo collateral universe.
DeFi Benchmarks (Aave / Compound)
Aave V3 risk stewards cut USDC Slope 2 rate and reduce sDAI/WXDAI caps
Aave USDC rate curve and stablecoin cap reductions shift on-chain benchmark borrow rates relevant to Armada's crypto repo desk pricing and LTV calibration.
GHO Stewards propose raising GHO borrow rate to 4.50% on Aave V3 Ethereum Core
GHO rate increase toward 4.50% tightens on-chain stablecoin borrow cost benchmarks that Armada's crypto repo desk references for rate-setting and collateral pricing.