Major Milestone: SoFi Introduces Crypto Trading, Setting Positive Precedent for U.S. Banks
TLDR SoFi is the first US bank with a national charter to offer direct crypto trading to retail customers. Users can buy, sell, and hold BTC,
banks (Latest Publications)
Bank of England’s Stablecoin Consultation Sets Stage for Digital Payments by 2026
The Bank of England has released a draft regulatory framework that would limit individual stablecoin holdings and introduce new rules for backing and oversight.
Banco Inter and Chainlink Enable Real Time Trade Settlement Between Brazil and Hong Kong
TL;DR Banco Inter and Chainlink completed a pilot that settled cross-border trade transactions in real time between Brazil and Hong Kong using CBDCs and smart contracts.
Bank of America, Goldman Sachs and Major Banks Unite to Explore Stablecoin Project
TL;DR Ten major international banks are evaluating the issuance of a stablecoin backed 1:1 by reserves and tied to G7 currencies. The project aims to establish
GFH Financial Group Se Convierte en el Primer Banco Islámico de Bahréin en Aceptar Pagos con Criptomonedas
GFH Financial Group has become the first Islamic bank in Bahrain to integrate cryptocurrency payments into its banking app.
ClearBank Accelerates Innovation with Breakthrough in Blockchain Payments
TL;DR ClearBank makes history in Europe after signing an agreement with Circle Internet Group to integrate regulated stablecoin payments. The bank will connect its infrastructure to
Citi fuels BVNK growth with major investment, pushing valuation above $750M
TL;DR Citi Investment: Citi Ventures invested in BVNK, a stablecoin infrastructure provider now valued at over $750M, following Visa Ventures’ earlier backing and signaling Wall Street’s
Deutsche Bank and Bullish Join Forces to Bridge Traditional Finance and Crypto
TL,DR Deutsche Bank will offer corporate banking services to Bullish for seamless fiat deposits and withdrawals in institutional trading. The collaboration includes APIs for instant payments
BNY Mellon explores tokenized deposits to unlock payment innovation
TL;DR BNY Mellon initiative: The bank is exploring tokenized deposits to modernize payments, aiming for near-instant settlement and 24/7 operations. Global momentum: JPMorgan, HSBC, and Swift
BBVA Joins Forces With SGX FX to Unlock Retail Crypto Opportunities in Europe
TL;DR Retail launch: BBVA teams with SGX FX to roll out 24/7 bitcoin and ether trading for European retail clients, integrating crypto into its existing FX
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