Daily Market Wrap | Feb. 18

Hot Topics

• Crypto VC firm Dragonfly Capital closes its fourth fund at $650 million—exceeding its $500M target.
• Stripe's stablecoin firm Bridge receives conditional OCC approval for a national trust bank charter, enabling stablecoin issuance, custody, and reserve management under federal oversight.

Market Updates

• Elemental Royalty Corporation (ELE), a public gold royalty firm, announces its first dividend policy (US$0.12 annual per share, paid quarterly) and becomes the first such company to let qualifying shareholders elect to receive payouts in Tether's tokenized gold, XAUT, instead of cash.