Additionally, the OFAC also sanctioned a network of foreign exchange houses, shell companies and individuals on Friday that it said helped Iran’s shadow banking system move hundreds of millions of dollars, including funds tied to overseas oil sales.“The Iranian regime’s reliance on digital assets and shadow banking networks is further evidence that Economic Fury is working,” Treasury Secretary Scott Bessent said in a statement. “Whether in dollars, rials, or crypto, Treasury will hunt down and dismantle the illicit financial networks that keep the regime afloat.”The designations came as the U.S.-Iran war has raised the stakes of Washington’s push to cut…

In brief Deposits of tokenized real-world assets into DeFi lending venues and exchanges more than tripled to $7.4 billion over the year to Q2, CoinShares and Token Terminal said. Total DeFi deposits fell by approximately 15% across the same period, while RWA spot trading volumes rose roughly 220%. Almost 70% of that collateral sits on lending venues built on Ethereum, with Plasma and Solana behind it. Deposits of tokenized real-world assets into decentralized lending platforms and exchanges more than tripled over the past year, climbing from $2.3 billion to $7.4 billion, while total deposits across DeFi fell by approximately 15%.The…

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