Digital Assets

Once seen as a sleepy corner of the financial services industry, asset servicing has become increasingly important for banks as artificial intelligence, blockchains and a generational transfer of wealth alter the landscape.

The financial market infrastructure providers are taking advantage of political tailwinds and technology advancements to offer 24/7 trading over distributed ledgers.

The U.K. bank has completed a payment using the stablecoin alternative; while Revolut is trying to acquire Turkish neobank FUBS. Plus: execs tied to the Wirecard scandal are on their way to prison and more in the American Banker global payments and fintech roundup.

The bank is investing in Ubyx to help traditional financial institutions settle stablecoin payments and compete with nonbank fintechs.

The New-York based bank on Monday debuted the My OnChain Net Yield Fund, or MONY, a private fund supported by JPMorgan's tokenization platform, Kinexys Digital Assets.

The New York bank already offers tokenized deposits, which allows global clients to move money around the world instantly, and it's building a crypto custody platform.

Following the new GENIUS Act, BNY's fund provides a regulated vehicle for stablecoin reserves, distinct from its separate tokenization projects.

Today, if you own Apple stock, you can't send a few shares to your nephew on his birthday, you can't swap them for Google stock and you can't use them as collateral for a loan. Tokenization will change that.

The company appears to be the first nationally chartered bank to offer crypto trading and traditional banking in the same app.

Custody is the foundation, but the real opportunity for TradFi lies in what comes next

In late 2021, Vast Bank, a regional bank operating throughout Northeast Oklahoma,

Institutional adoption of digital assets hinges on one foundational capability: secure custody

TradFi companies are making strategic investments in infrastructure to support the growth of tokenized assets

Moving on-chain isn't just a technology lift; it's about rethinking culture, compliance and coordination across legacy systems,

The court upheld the Federal Reserve Board's right to block Custodia from direct access to its payment systems. The bank is considering asking for a rehearing.

The global financial services company is providing BaaS infrastructure to the digital asset branch of investment platform WisdomTree.

American Banker's Holly Sraeel and Uphold's Simon McLoughlin unpack the issues banks face with on-chain finance and how they can leverage their strengths.