CoinMeta Data: There are several important developments in the crypto industry today: A company has collaborated with an asset management firm to launch three on-chain investment portfolios, which are currently only available to qualified investors outside of the United States. In addition, the company is tokenizing its venture capital fund based on Ethereum. According to two new stablecoin regulations proposed by the Genius Act, one of which stipulates reserve, capital, custody, and risk management requirements that issuers must comply with, while the other clarifies how regulated banks can apply to issue stablecoins. Staff clarified that registered derivatives companies can hold certain customer investments as tokens and use blockchain records to meet federal record-keeping requirements.