bank News

Ripple is entering the custodian space, unveiling a range of new services to assist financial institutions in managing crypto for their clients. According to a CNBC report on Oct. 10, the San Francisco-based blockchain firm wants to position its recently…

Taiwan’s financial watchdog reportedly plans to launch a pilot program for crypto custody services, with three banks already expressing interest. Taiwan‘s Financial Supervisory Commission is set to launch a pilot program for crypto custody services, aiming to stimulate institutional adoption…

American financial giant State Street is exploring blockchain technology to tokenize bonds and money market funds for enhanced collateral management. State Street, the largest custodian bank in the world, is leveraging blockchain to explore the tokenization of bonds and money…

The Bank of Russia is planning to investigate cross-border crypto transfers by residents, focusing on banking channels to assess the volume of crypto-related operations. Russia‘s central bank will conduct an investigation into cross-border crypto transactions by residents in Q4 and…

ZA Bank becomes the first Hong Kong digital-only bank to gain a license from the Securities and Futures Commission for Type 1 regulated activity. According to Hong Kong news outlet HKEJ, on Sept. 30 a ZA Bank spokesperson said that…

Republican lawmakers have strongly requested that the U.S. Securities and Exchange Commission repeal a controversial rule for banks that deal with crypto. Yesterday, Sept. 23, a group of more than 40 members of Congress sent signed letters to the heads of…

Following an exemption from an SEC staff accounting bulletin, BNY edged closer to Bitcoin and Ethereum custody. Bloomberg reported that BNY was poised to provide crypto custodial services for spot Bitcoin (BTC) and spot Ether (ETH) exchange-traded funds on Wall…

PayPal is teaming up with Anchorage Digital to promote its stablecoin PYUSD, despite legal issues and regulatory uncertainties surrounding stablecoin interest payments. This partnership, first reported by Fortune, will incentivize institutional investors to hold PayPal’s PYUSD (PYUSD) by offering rewards…

Crypto has been in turmoil over the weekend, but trading volumes in Bitcoin ETFs are hitting unprecedented levels, and despite widespread sell-offs, major financial institutions don’t appear to be selling — yet.   Within just 20 minutes of Monday Aug. 5th…

Morgan Stanley has become the first major Wall Street bank to allow its financial advisors to advise Bitcoin ETF investments.  Morgan Stanley will now allow its financial advisors to offer Bitcoin (BTC) ETFs to eligible clients starting August 7, according…

Swiss crypto bank Sygnum has recorded profits in the first half of 2024 after witnessing a surge in crypto trading volume. According to an announcement shared with crypto.news, the bank’s first-half spot crypto trading volume has doubled since 2023. This…

Binance head Richard Teng says the exchange is in “close touch” with its customers regarding the bankruptcy of FlowBank, which stored the exchange’s clients trading collateral. Cryptocurrency exchange Binance seems unaffected by FlowBank‘s bankruptcy, following the Swiss regulator’s announcement on…

Itaú Unibanco has opened crypto trading to all users of its Íon investment platform, allowing clients to buy and sell Bitcoin and Ethereum directly through the app. The largest financial institution in Latin America, Itaú Unibanco, has expanded access to…

Stress tests of major banks have repeatedly failed to uncover serious issues that have led to billions of dollars in losses—decentralized finance changes all of this.

Mastercard is joining U.S. banking giants to develop distributed ledger technology for banking payments using tokenization.

Germany’s largest federal bank is set to launch crypto custody services in collaboration with crypto exchange Bitpanda, targeting institutional and corporate clients. Germany’s biggest state-backed lender with over $350 billion in assets under management, Landesbank Baden-Württemberg (LBBW), will launch crypto…