Digital Assets

The 21st century financial system that digital currency promised is being built, but by banks, not by the bitcoin crowd.

Interpretive guidance from regulators does not deliver the kind of certainty that companies want as they consider expanding into the world of digital assets. Congressional action on the CLARITY Act is the answer.

President and CEO Enrique Lores, who took the payment company's top job in March, is looking to turn the company around with fresh talent and a renewed focus on what he says are the company's fundamentals.

The stablecoin provider recently applied for a national trust bank charter from the OCC after acquiring a New York trust charter last year.

The move is the first cog in a wider plan to make tokenized deposits more interoperable across borders and, eventually, among the bank's clients.

The first U.S. bank to offer an exchange-traded product tied to bitcoin saw $34 million in trading on the first day.

The cryptocurrency exchange is the latest digital asset firm to receive a trust bank charter from the Office of the Comptroller of the Currency.

Australia's national Payments Systems Board has decided to remove surcharges on prepaid, debit and credit cards for electronic funds transfers, while lowering the cap on interchange fees. Also, Wells Fargo is seeking banks for its international payment network, and more in American Banker's global payments and fintech roundup.

Banks must plan to support decentralized finance without disturbing their existing businesses. That's easier said than done.

The French crypto wallet company is expanding into the U.S. and growing its institutional enterprise offerings as new regulation opens opportunities for digital asset investment.

JPMorganChase, Invesco and other digital asset leaders are increasingly open to working with public blockchains like Solana as well as private, permissioned ledgers like Ethereum layer 2s.

Banks are a critical link in the chain of elder fraud; blockchain is exciting and infrastructure is boring, but they're actually the same thing; and there are way more home sellers than buyers.

Financial institutions that delay or fail to take this leap risk losing customers and revenue, said speakers at the inaugural On-Chain Executive Summit.

The Oklahoma community bank partnered with two digital asset companies to create a cross-border form of tokenized U.S. dollar deposits.

Participate, a loan participation network, has agreed to use tokenized dollars issued by Custodia Bank and Vantage Bank.

The digital asset company, currently partnered with firms like Morgan Stanley and One Pay, is seeking its own national trust bank charter from the OCC.

JPMorganChase, Citi, Vantage Bank and Custodia Bank have all chosen ethereum as the underpinning for blockchain projects such as tokenized deposits. The chairman of the Enterprise Ethereum Alliance explains the OG blockchain.

JPMorganChase, Citi and Custodia are among the banks that have built digital asset projects on the Ethereum blockchain.

The support from the stablecoin provider follows a string of tech firm acquisitions as Anchorage Digital broadens its crypto services.