MVB Financial Corp., a banking partner to fintechs and innovation-driven companies, said on Sept. 9 that it will participate in a Visa …
Settlement
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Markets
India starts tokenizing $620 billion corporate bond market with digital rupee settlement
by shayaanby shayaanSEBI’s Demat 2.0 pilot turns corporate bonds into digital tokens and settles payment through the RBI’s wholesale digital rupee, with secondary trading …
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Markets
Fed Research Compares Wholesale CBDC Settlement With Tokenized Deposits
by shayaanby shayaanA Federal Reserve research paper has compared wholesale CBDC settlement with tokenized commercial bank deposits, adding another official research layer to the …
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Adoption
Shinhan And Visa Test Stablecoin Settlement Infrastructure In South Korea
by shayaanby shayaanShinhan Financial Group is moving before South Korea’s stablecoin rulebook gets comfortable. The Seoul-based financial holding company is testing stablecoin issuance, remittance, …
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Visa is working with Nium to explore seven-day stablecoin settlement through Singapore’s BLOOM initiative, as the payments giant tests faster and more …
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Finance
ANZ bank stablecoin joins RBA’s push for real-time settlement in Australia
by shayaanby shayaanAustralia’s banking sector just took a notable step into digital assets. ANZ has launched one of the first bank-issued stablecoins in the …
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Lynq CEO Jerald David has said institutional finance needs interoperable settlement systems capable of moving cash and collateral 24/7 as firms adopt …
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Mining
Trump-linked Bitcoin firm reaches $2.5M settlement with DOJ over pandemic loan
by shayaanby shayaanAmerican Bitcoin, a mining company with ties to the Trump family, has agreed to pay $2.5 million to resolve U.S. Department of …
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Markets
Wells Fargo joins JPMorgan and Citi in the race to tokenize Wall Street’s settlement rails
by shayaanby shayaanPayments will run on the bank’s proprietary blockchain and be routed automatically through its existing client interface. www.coindesk.com
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Markets
Kraken Launches Spending Upgrades Enabling Direct Account Balance Card Settlement
by shayaanby shayaanCrypto does not move on one kind of catalyst. Some days it is price, some days it is policy, and some days …