Some of the world’s leading banks are allegedly currently investing around $50 million to build a blockchain-powered digital cash system. Sources ostensibly familiar with the matter have…
A three-way partnership saw secondary market trading go live, which participants say marks a world first. The World Bank and Commonwealth Bank have successfully enabled secondary market…
The CEO of Reserve thinks central banks will tokenize their currency, but businesses will choose other stablecoin services for their privacy. CEO Nevin Freeman of stablecoin startup…
Catherine Bessant admitted that the institution has yet to find blockchain use cases for the financial services sector. Catherine Bessant, chief technology officer at Bank of America,…
M.Y. Safra Bank will provide FDIC insurance to traders in a move organizers say will further reduce counterparty risk. Institutional cryptocurrency prime dealer SFOX has partnered with…
Onchain Custodian CEO predicts more collaboration between traditional and crypto custodians; fellow panelists agree. Alexandre Kech, CEO of Onchain Custodian, predicted that collaboration between crypto and traditional…
BNP Paribas, Natixis, and Societe Generale have joined Finastra’s syndicated lending platform Fusion LenderComm. British financial software firm Finastra has signed three global banks on its R3…
Prominent Brazlian bank Banco Bradesco has become the latest institution to join R3’s Marco Polo international blockchain network for trade finance. Prominent Brazlian bank, Banco Bradesco, has…
Every PAX deposited on the company’s platform can now be immediately sent as USD to a bank account. The company behind the Paxos Standard (PAX) stablecoin announced…
Cryptocurrency wallet and investment app Abra now allows users to connect accounts from “thousands” of U.S. banks, the firm announced Thursday. The expanded bank options come courtesy…
