bank News
Banks are adapting to a financial landscape shaped by blockchain, digital currencies, and fintech innovation. Bank news covers regulatory policies, institutional crypto adoption, and the challenges of integrating decentralized finance. As central banks explore digital currencies, the role of traditional banking continues to evolve.
Latest bank News
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Oracle has announced the upcoming launch of Digital Assets Data Nexus, an enterprise-grade platform aimed at helping banks and financial institutions to tap into crypto and asset tokenization. Digital Assets Data Nexus is designed to help banks and financial institutions…
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Hong Kong authorities have concluded the second phase of the e-HKD pilot program, with the central bank digital currency launch mostly aimed at institutional clients. According to a report by local media, the Hong Kong Monetary Authority has completed the…
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TradFi giant JPMorgan is reportedly planning to allow its institutional clients to use Bitcoin and Ethereum as loan collateral some time within this year. According to a report by Bloomberg, JPMorgan will start allowing their institutional clients to use Bitcoin…
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Sygnum has partnered with Debifi to launch MultiSYG, a first-of-its-kind loan platform allowing borrowers to retain partial control of their Bitcoin collateral through a secure multi-sig wallet. MultiSYG: shared-control Bitcoin lending for institutions Swiss digital asset institution Sygnum Bank has…
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David Malpass calls stablecoins a global game-changer and says the U.S. should lead in innovation. Stablecoins are quickly becoming a battleground for global economic and geopolitical influence. On Wednesday, Oct. 22, at ACI’s Payments Unleashed Summit, David Malpass, former president…
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Crypto exchange OKX has launched a new service that would provide access to digital assets for institutional clients who wish to offer crypto services to customers. According to a press release sent to crypto.news, the crypto exchange platform has introduced…
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The Federal Reserve is discussing a proposal to give fintechs and crypto platforms direct access to payment rails, ending their reliance on banks. The U.S. Federal Reserve may soon roll out a system that fundamentally changes how crypto firms interact…
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UK’s approval of Bitcoin ETPs for retail users is just the first step in institutional adoption, says Sygnum Bank CIO. The UK Financial Conduct Authority approval of Bitcoin ETPs marks growing institutional acceptance of Bitcoin as a legitimate asset class,…
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The Federal Reserve will host a conference on Oct. 21, covering topics like stablecoins, AI, crypto payments, and many more. Here’s what to expect from the talks and who will be there. The Fed is set to host a conference…
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Erebor has obtained preliminary conditional approval for a national bank charter, positioning itself to target the innovation economy and become a cornerstone for crypto and AI startups. According to a press release dated Oct. 15, the Office of the Comptroller…
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French banking institution ODDO BHF has recently launched a new euro-backed stablecoin, EUROD. The token will be listed on the Madrid crypto platform Bit2Me. According to a recent report by CoinDesk, the French banking giant has launched its own stablecoin…
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Bitpanda partnered with the Societe Generale digital asset arm to offer its stablecoins to retail users in Europe. Bitpanda and Societe Generale-FORGE have partnered to bring Europe’s first bank-issued, MiCA-compliant stablecoins to retail DeFi users. On Tuesday, Oct. 14, SG-FORGE-issued…
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Citi has reportedly entered the final stages of developing a credible crypto custody solution, with executives aiming to bring the service to its asset manager clients within the next several quarters for a full launch by 2026. On Oct. 13,…
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Bybit will enable traders to use the uMint tokenized fund, launched by UBS, as trading collateral. Traditional finance and the crypto space continue to converge. On Monday, Oct. 13, Bybit, the second-largest crypto exchange by trading volume, announced the integration…
Opinion
Yield-bearing stablecoins won’t collapse the banking system. They will challenge it. And in the long run, that’s a good thing.
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A group of top global banks, including Goldman Sachs, Deutsche Bank, Bank of America, Citigroup, Santander, and more, will explore stablecoins. Major international banks, including Goldman Sachs, Deutsche Bank, Bank of America, and Banco Santander, are joining forces to enter…