U.S.-based financial giant Wells Fargo is developing a digital dollar that will run on the firm’s first blockchain platform.
JPMorgan’s blockchain-based interbank payments initiative, IIN, has added Deutsche Bank as its latest member, bringing the total to 320 banks.
Crypto brokerage Tagomi released its borrowing and lending platform to the wider public, enabling investors to short cryptocurrencies like bitcoin and ethereum. Tagomi’s COO Kevin Johnson told CoinDesk that its new platform addresses issues that stymie institutional crypto shorts. Many large-scale investors could not short cryptocurrencies as rapidly as they might short an equity position […]
Santander has issued a $20 million bond on ethereum, and paid fiat cash for it on the public blockchain as well.
Lending startup Celsius went from a $50 million token sale to $1 billion in crypto deposits.
Blockchain forensics firm Elliptic has raised $23 million in Series B round led by Tokyo-based financial institution (and XRP holder) SBI.
Savings bank Sparebanken Øst has just taken a stake in NBX, a crypto exchange set up by Norwegian Air founder Bjørn Kjos.
HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan.
Bank of America is seeking to patent security tech for digital currency wallets that gives different users different levels of access to stored funds.
Silvergate Bank, one of the cryptocurrency industry’s few go-to financial service providers, is planning to become a crypto lender.
The trade finance blockchain platform has passed another milestone in its development with a successful pilot of real-time payment triggers.
One of the oldest and largest banks in South Korea has partnered with two fintech firms to build a new security system using blockchain tech.
Barclays is no longer banking Coinbase, resulting in delayed fiat withdrawals and deposits for the crypto exchange’s U.K. users.
ABS has invested a “significant” amount in TradeWindow, a startup working to put trade finance on a blockchain.
Crypto exchange Bitex wants to decrease costs associated with cross-border banking using the bitcoin blockchain.
Investment bank Goldman Sachs has recommended that investors should capitalize on the current price dip and buy bitcoin.
Quontic, a small bank in New York, has started working with crypto firms, joining the very short list of institutions to embrace the sector.
LAB577, a team of ex-Royal Bank of Scotland engineers, has built a system for settling crypto and fiat trades on R3’s Corda Network.
Arizona’s fintech program has added a controversial startup using stablecoins to evade federal regulations
Bitwala raised almost $14.5 million in a Series A funding round led by Sony Financial Ventures and NKB Group.