Canada’s ‘Big Six’ banks to launch interbank tokenized deposit initiative
Initial testing will focus on moving digital commercial deposits across participating institutions before linking to broader digital asset ecosystems.
banks
Why Wall Street giants build tokenization money for institutions, not regular consumers
JPMorgan and Citi move billions in tokenized deposits, but only among their branches. A U.K. challenger bank is about to do something neither has done.
Stripe and Swift race to control the next generation of global payments infrastructure
Crypto and blockchain experts say this week’s moves show the two established finance companies are increasingly competing for control of the infrastructure behind digital payments.
Banks have stopped asking if stablecoins belong in finance, now they’re considering how
Financial institutions are racing to become the secure gateways for stablecoins as digital asset volume is projected to explode by 2030.
Chainlink teams up with 47 South Korean, European banks to speed up international money transfers
The alliance, called Project Pangea, plans to use stablecoins to settle multimillion-dollar currency trades between Europe and South Korea in near real time.
Coinbase-backed Stand With Crypto calls on members to campaign against banks blocking digital asset transactions
Stand With Crypto UK is telling its members to file formal complaints with high-street banks over sector-wide transfer bans.
Why Minnesota is empowering local banks to fight Wall Street for crypto revenue
A local banker told CoinDesk that in light of Wall Street’s aggressive push into the crypto industry, Minnesota’s financial institutions could not afford to remain on the sidelines.
It might be too late for bitcoin’s quantum migration, Project Eleven report argues
Quantum computing does not only pose a risk to up to $3 trillion in digital assets, it also threatens the security of banking systems, military communications, digital identities and more, Project Eleven’s report warns.
Emerging-market users are treating crypto exchanges like banking apps, Binance says
One point three billion adults lack financial services, 4.7 billion lack credit, and 1.4 billion savers in low-income nations earn no deposit interest, Binance said.
Court closes Custodia fight with Federal Reserve just as Fed opens master-account door
Just days after the Federal Reserve granted a limited master account to Kraken, crypto bank Custodia’s years-long court battle with the Fed concludes in a loss.