Société Générale Completes First Repo on Public Blockchain
Société Générale uses digital securities and blockchain-based CBDC to complete a collateralized market transaction with Banque de France successfully. The National Bank of France, the Banque de France, and Société Générale, the country’s third-largest bank by total assets after BNP Paribas and Crédit Agricole, have finished a blockchain-based repo deal. The transaction featured bonds produced […]
Zeus Network Validates First Bitcoin Transaction on Solana
Zeus Network achieved a historic milestone by successfully validating the first Bitcoin transaction on Solana using its infrastructure. According to a statement from Zeus, this innovation allows Bitcoin transactions to take advantage of Solana’s quick and affordable infrastructure by bridging the gap between two different blockchain ecosystems. Solana and Bitcoin use different protocols; Solana combines […]
Ripple Gains Regulatory Nod for RLUSD Stablecoin
New York regulators have given Ripple full authority to introduce its RLUSD stablecoin, allowing it to join the $200 billion global liquidity market. The New York Department of Financial Services has given the regulatory approval for RLUSD. This stablecoin can be redeemed 1:1 for US dollars, according to a statement released by Ripple CEO Brad […]
Crypto.com Partners with Deutsche Bank for Banking Expansion
Crypto.com has teamed with Deutsche Bank to offer corporate banking services in Singapore, Australia, and Hong Kong. The agreement represents a major milestone for Crypto.com by solidifying its financial infrastructure in the Asia-Pacific area and establishing the framework for future expansions into Europe. Corporate banking services are essential for businesses, including cryptocurrency enterprises, because they […]
USDT Gains Virtual Asset Status in Abu Dhabi Global Market
Tether stated that its U.S. dollar-pegged stablecoin is now a recognized virtual asset by the Financial Services Regulatory Authority of Abu Dhabi. Tether is now accessible to approved individuals and businesses governed by the Abu Dhabi Global Market, per the notification made on December 10. The FSRA, an Abu Dhabi market regulator, governs the Abu […]