banks
HSBC rolls out its first stablecoin to over 3 million everyday app users
HSBC and Standard Chartered-led Anchorpoint received Hong Kong’s first stablecoin issuer licenses in April. Anchorpoint began rolling out HKDAP in August.
Goldman, Wells Fargo, Morgan Stanley see tokenization as a growth play, not a threat
The largest banks in the world are eyeing new trading opportunities, speeding up payments and a role for advisers as tokenization takes root in Wall Street.
Banks could slow stablecoin growth by paying savers more, BIS paper finds
A BIS working paper found a 1 basis point rise in U.S. bank deposit rates predicted slower stablecoin growth, cutting ten-week growth from 15% to 12%.
Kraken parent Payward to become first crypto firm to buy a EU bank as it expands into deposits, lending
Payward agreed to buy Lithuania’s Saldo Bank, which holds $190 million in total assets, securing an EU license for deposits and lending.
Standard Chartered unlocks direct bitcoin and ether trading for affluent UAE clients
The bank manages custody and settlement in-house via a closed-loop model, removing the need for separate crypto wallets.
Russia’s largest bank Sberbank secures approval to trade crypto
Sberbank plans to open crypto trading to all clients Dec. 1 and is already testing BTC, ETH and USDT trades in its app.
Rain is seeking a national trust bank charter to bypass third-party banks
The stablecoin payments company’s proposed New York trust bank would custody digital assets and dollars, manage stablecoin reserves and issue and redeem dollar-backed tokens.
Kraken operator Payward and Singapore Gulf Bank partner for 24/7 institutional crypto settlement
The two firms will initially roll out the digital assets settlement service to select institutional clients in Asia and the Gulf region with around-the-clock U.S. dollar settlement.
Bank group sues U.S. regulator over granting crypto trust charters
The Independent Community Bankers of America sued the Office of the Comptroller of the Currency, accusing the regulator of overstepping its legal authority.
UK’s largest banks complete world’s first interbank transactions using tokenized deposits
Barclays, NatWest, and HSBC and others used tokenized deposits for remortgages and a marketplace-payment test, taking bank-issued digital cash beyond a single institution.
