Large financial institutions are increasing their exposure to XRP through investment products as the token’s supply on cryptocurrency exchanges continues to decline. …
Banks
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Markets
Global banks test tokenized money for cross-border payments in $1 million BIS pilot
by shayaanby shayaanTwenty-eight banks, including JPMorgan, Citi and UBS, moved real money across borders in a live test of blockchain-based settlement. www.coindesk.com
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The Hong Kong Monetary Authority (HKMA) has launched a framework to assess banks’ preparedness for quantum-computing threats as the city expands its …
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Adoption
Wall Street Banks Take It Slow As $90 Trillion Perpetual Futures Market Opens In The U.S.
by shayaanby shayaanThe crypto market’s most traded product—perpetual swaps—is finally arriving on U.S. regulated exchanges, but the biggest Wall Street institutions are staying away, …
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Markets
Crypto’s favorite $90 trillion trading product is coming to Wall Street, but big banks are taking it slow
by shayaanby shayaanRegulated perpetual futures are officially landing in the U.S., but while agile trading firms and crypto exchanges race to capture massive retail …
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Stablecoin supply has roughly doubled since January 2024, while entity-adjusted transaction volume has grown fourfold to fivefold, according to Coinbase Institutional, opening …
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The European Union has targeted 14 crypto service platforms and 94 banks and financial institutions under its 21st sanctions package against Russia. …
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Markets
Tassat wants to help smaller banks tap the trillion-dollar stablecoin boom before Wall Street lock them out
by shayaanby shayaanThe former Signet developer aims to launch early next year a marketplace connecting stablecoin issuers with regional lenders to manage reserves. www.coindesk.com
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Smart Contracts
Visa Unveils Stablecoin Platform for Banks and Fintech Companies
by shayaanby shayaanIn short Visa has introduced the Visa Stablecoin Platform for banks, fintechs and payment providers. The platform launches with support for Open …
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Markets
Ethereum Foundation spinout EthSystems targets banks with blockchain privacy technology
by shayaanby shayaanThe spinout comes amid one of the biggest organizational shakeups at the Ethereum Foundation in years. www.coindesk.com