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Citi has expanded its blockchain based Token Services into Japan, giving institutional clients access to 24/7 US dollar transfers at a time when Japanese banks and companies are building stablecoins for some of the same payment uses. According to Citi,…
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KB Kookmin Bank has partnered with BNY on cross-border digital payments as it becomes an early user of BNY’s new Pay-to-Wallet service.
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Chainlink is connecting banks to Swift’s blockchain ledger through CRE, supporting tokenized deposits and 24/7 cross-border payment workflows.
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Citigroup has pushed its forecast for the Federal Reserve’s next interest rate cut to June 2027 after stronger US jobs data reduced concerns over the labor market, leaving Bitcoin and the crypto market facing the prospect of higher borrowing costs…
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LayerZero says regulated stablecoins are key to institutional adoption after Anchorage selected its OFT standard for cross-chain issuance.
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Canada’s six largest banks have formed a joint project to test transfers of tokenized Canadian-dollar deposits between regulated financial institutions. TD Bank has announced that Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of…
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SoFi Technologies has moved its entire $25 billion card program to blockchain based settlement using SoFiUSD as its bank issued stablecoin goes live across Mastercard’s global payments network. According to a joint announcement from SoFi and Mastercard on Sept. 22,…
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Agora has secured preliminary conditional approval from the U.S. Office of the Comptroller of the Currency to establish Agora National Trust Bank, bringing the stablecoin company a step closer to operating its issuance, custody and transaction infrastructure under federal supervision.…
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Hana Bank issued a $100 million five-year digital bond on Euroclear’s D-FMI, cutting settlement from three-to-five business days to same day.
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Coinbase and Stablecore are linking crypto trading, custody, staking and stablecoin payments to existing systems used by U.S. community banks.
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UK banks can retain crypto payment restrictions as the FCA opens authorization applications Sept. 30 ahead of its October 2027 regime.
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Senate Democrats sent Republicans a CLARITY Act counteroffer hours before a Sept. 15 cloture vote, keeping ethics and stablecoin disputes open.
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Eight banking associations and 17 state attorneys general have challenged parts of the CLARITY Act before a Sep. 15 procedural vote that requires 60 Senate votes. Eight banking associations wrote to Senate Majority Leader John Thune and Senate Minority Leader…
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Advanced AI has cut the time banks may have to repair software flaws from weeks to minutes, according to a new Bank for International Settlements paper that calls for faster security decisions and patching. The Bank for International Settlements paper,…
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Four U.S. financial regulators have proposed new third-party risk guidelines that would let banks and credit unions tailor oversight to each outside relationship while replacing existing guidance. Proposed bank guidelines favor risk-based oversight The Federal Reserve, Federal Deposit Insurance Corporation,…
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Katana CEO Matthew Fisher has said a dollar stablecoin planned by 21 financial institutions for the first half of 2027 could generate yield through independent DeFi protocols, although holders would assume risks not covered by its issuing banks. Katana CEO…