DZ Bank Collaborates with Boerse Stuttgart for Crypto Trading
The agreement will provide cryptocurrency trading and custody solutions to around 700 cooperative banks, with an initial rollout set for late 2024. Germany’s second-largest financial institution, DZ Bank, has teamed up with Boerse Stuttgart Digital to offer cryptocurrency trading and custody services to its cooperative bank network. This partnership will enable around 700 cooperative banks […]
Chainlink, Fireblocks Partner to Help Banks Issue Stablecoins
Chainlink and fireblocks partnership will manage the issuance, distribution and custody of tokenized assets, including stablecoins. Both Chainlink Labs and Fireblocks, a blockchain startup have recently revealed their intention to combine their operations, which has sparked conversations throughout the web3 industry. The companies stated that the purpose of this collaboration is to assist financial institutions […]
Fed Issues Cease and Desist to Texas Bank Over Crypto Firm Services
The US Federal Reserve claimed it discovered “significant deficiencies” in the bank’s dealings with crypto clients and risk management systems. The United States Federal Reserve has issued a cease and desist order to United Texas Bank, known for its crypto-friendly approach, due to “significant deficiencies” in its risk management and dealings with cryptocurrency clients. In […]
DBS Bank Introduces Blockchain-Powered Treasury Token Pilot
The pilot offers DBS Treasury Tokens on a permissioned, EVM-compatible blockchain, improving corporate liquidity management across several markets. DBS Bank, a multinational banking and financial services company, has partnered with digital payment provider Ant International to launch a new blockchain-based treasury and liquidity management solution. On August 13, DBS Bank announced the pilot introduction of DBS […]
Hong Kong Virtual Banks Target Web3 Growth Amid Regulatory Challenges
Hong Kong’s virtual banks are exploring opportunities in the Web3 space despite capturing 0.3% of retail bank assets. Hong Kong’s virtual banks are reportedly facing a pivotal moment, capturing only a small share of the financial market with just 0.3% of the assets held by all retail banks. As reported by the South China Morning Post […]