The sixth-largest U.S. company has joined Marco Polo, a consortium working to bring efficiencies to international trade using blockchain tech.
Arab Bank’s Swiss Arm is Launching Cryptocurrency Services
The Swiss branch of one of the top financial institutions in the Middle East is launching a suite of cryptocurrency-based services.
Wells Fargo to Pilot Dollar-Linked Stablecoin for Internal Settlement
U.S.-based financial giant Wells Fargo is developing a digital dollar that will run on the firm’s first blockchain platform.
Deutsche Bank Joins JPMorgan’s Crypto Payments Network
JPMorgan’s blockchain-based interbank payments initiative, IIN, has added Deutsche Bank as its latest member, bringing the total to 320 banks.
Tagomi Rollout Paves Way for Institutional Crypto Shorting
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 Settles Both Sides of a $20 Million Bond Trade on Ethereum
Santander has issued a $20 million bond on ethereum, and paid fiat cash for it on the public blockchain as well.
How Celsius Turned Its Crypto ICO Into a Billion-Dollar Lending Business
Lending startup Celsius went from a $50 million token sale to $1 billion in crypto deposits.
Crypto Sleuthing Firm Elliptic Raises $23 Million in Fundraise Led by SBI
Blockchain forensics firm Elliptic has raised $23 million in Series B round led by Tokyo-based financial institution (and XRP holder) SBI.
Norwegian Bank Invests in Crypto Exchange Founded By Airline Magnate
Savings bank Sparebanken Øst has just taken a stake in NBX, a crypto exchange set up by Norwegian Air founder Bjørn Kjos.
HSBC Targets China Trade With Yuan-Demoninated Blockchain Letter of Credit
HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan.
Bank of America Seeks to Patent Crypto Wallet That Works Like Valet Car Key
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 Eyes Crypto-Backed Loans for Institutions
Silvergate Bank, one of the cryptocurrency industry’s few go-to financial service providers, is planning to become a crypto lender.
R3’s Marco Polo Trade Blockchain Takes Another Step Toward Production
The trade finance blockchain platform has passed another milestone in its development with a successful pilot of real-time payment triggers.
Shinhan Bank Teams With Kakao’s GroundX for Blockchain Security Boost
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
Barclays is no longer banking Coinbase, resulting in delayed fiat withdrawals and deposits for the crypto exchange’s U.K. users.
New Zealand’s ASB Bank Takes Stake in Trade Finance Blockchain Startup
ABS has invested a “significant” amount in TradeWindow, a startup working to put trade finance on a blockchain.
60 Latin American Banks Can Now Use Bitcoin for Cross-Border Payments
Crypto exchange Bitex wants to decrease costs associated with cross-border banking using the bitcoin blockchain.
Goldman Sachs Analysts’ Note Says Now’s a Good Time to Buy Bitcoin
Investment bank Goldman Sachs has recommended that investors should capitalize on the current price dip and buy bitcoin.
This Tiny Bank Gave Bitcoin to Its Entire Staff. Now It‘s Taking Crypto Clients
Quontic, a small bank in New York, has started working with crypto firms, joining the very short list of institutions to embrace the sector.
Investors Can Now Trade Ether and British Pounds on the Same Blockchain
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.