Hong Kong-based Hex Trust is partnering with the enterprise blockchain company to offer banking clients another option for issuing security tokens.
HSBC Puts $10B of Private Placements on R3’s Corda Blockchain
HSBC is using blockchain as opposed to a traditional database because it plans to tokenize the $10B in private placements after it digitizes them.
Crypto-Friendly Bank Revolut Launches in the US
The challenger bank reportedly has plans to offer its crypto buying service to US customers in the near future.
Silvergate Bank Resolves Wire Transfer Issue That Kept Transactions in Limbo
Crypto-friendly Silvergate Bank resolved the last of its wire transfer issues Tuesday morning, said CEO Alan Lane.
Payments Unicorn Square Gets Limited Bank Charter for Merchant Lending
Square Financial Services was given conditional approval by the FDIC Board for an Industrial Loan Company bank charter on Wednesday.
Previously Crypto-Only BlockFi Adds Cash On-Ramp Through Silvergate Partnership
Crypto lender BlockFi now supports cash deposits.
Samsung to Target EU Payments Sector With Blockchain-Based Solution for Banks
The platform will use blockchain to automatically input payments data into bank records.
New Wallet From Stablecoin Issuer STASIS Syncs With Financial Institutions
STASIS said Tuesday its new wallet would offer regulated financial institutions a new gateway into cryptocurrencies.
Binance Lets Turkish Customers Directly Deposit Fiat With Bank Integration
Binance has launched a direct channel integration with Istanbul-based Akbank, allowing users to deposit Turkish lira to their exchange accounts.
Blockchain Pioneer Caitlin Long to Build Crypto Bank in Wyoming
A Wyoming corporation founded by Caitlin Long is preparing to apply for a special purpose depository institution (SPDI) charter with the state’s division of banking.
Morgan Stanley Buys E*Trade in $13B Deal
Morgan Stanley is acquiring E*Trade for $13 billion, hoping to target its 5.2 million-strong client base.
Santander Hires Former Apple Pay Exec to Lead P2P Payments
The new hire formerly helped lead the launches of both Apple Card and Apple Pay.
German Bank to Offer Tokenized Securities Based on Stellar
One of the oldest banks in Europe. von der Heydt is developing a euro stablecoin to facilitate private placements in securities tokenized on the Stellar blockchain.
Digital Banking Startup Targets UK License to Serve Crypto Firms
DAG Global says it’s had no “red flags” raised in discussions with British financial regulators.
Prime Trust to Arrange Banking for Customers of BlockQuake Crypto Exchange
The exchange will use Prime Trust for compliance checks as well as custody for fiat and cold storage for crypto.
Silvergate Bank Adds 48 Crypto Clients in Q4 Even as Deposits Slip 4%
The La Jolla, Calif.-based bank, which went public on the New York Stock Exchange under the trading symbol SI in November, released its earnings report before market open on Wednesday.
Crypto-Related Deposits Drop by Half at Metropolitan Commercial Bank
Metropolitan Commercial Bank’s deposits from crypto firms have steadily declined, a sign of heightened competition in a field where the bank was once one of the only games in town.
Hawaiian Bill Would Let Banks Act as Crypto Custodians
Hawaiian lawmakers have submitted a bill that allows banks to provide custody for digital assets.
Swiss Banks Enter the Age of Bitcoin
An emerging trend in wealth-stashing Switzerland: crypto-friendly banks.
Paxos Launches Automatic Conversions Between Bank Deposits and Stablecoins
Paxos is enabling a new auto-transfer feature to streamline the conversion of funds between bank accounts and stablecoin deposits.