Digital Assets

Bangkok-based The Siam Commercial Bank will use the New York-based bank's 24/7 clearing and tokenized deposit service in a sign that the banking industry is beginning to look past individual tokenized deposit platforms and toward interoperability.

Sony Bank received conditional approval from the OCC to launch a national trust bank subsidiary called Connectia for making its own dollar-backed stablecoins.

The crypto companies that have recently received national trust bank charters hold 100% reserves and thus are lower risk than traditional banks that hold fractional reserves, Mike Belshe argues.

The need to scale quickly is adding new challenges to the build vs. buy debate

As stablecoins and other cryptocurrencies enter the mainstream, lawmakers in Illinois have imposed a new transaction tax on digital assets. It will raise costs for everyday consumers and drive away businesses.

The parent company for crypto exchange Kraken bought the stablecoin payments fintech as it awaits a response to its national trust bank charter application.

BNY, Huntington Bank, Citizens Bank, U.S. Bank, American Express, Visa, Mastercard, Stripe, and Coinbase are just a few of the companies that have signed on to use the dollar-backed stablecoin issued by technology firm Open Standard.

The wealth management firm received its conditional approval from the OCC as it seeks to manage custody of digital asset investments for its clients.

The service is an alternative to an IPO or a special-purpose vehicle, the bank says.

The DTCC is building out a blockchain-based platform for post-trade processing and custody; if it works, it will mean a significant rewiring of the markets.

The Depository Trust & Clearing Corporation, the mammoth clearinghouse for all Wall Street trades, is building the ability to let securities morph into digital assets, and to track them in perpetuity.

The crypto exchange, which closed its original direct deposit service in late 2024, has brought it back for users to set up automated digital asset investing.

The Office of the Comptroller of the Currency has conditionally approved several national trust bank charters for crypto companies. Fabian Dori at Sygnum Bank, which has operated as crypto bank for six years, shares what happens after the charter.

The White House issued an executive order Tuesday requesting that the Federal Reserve review access to payment accounts for fintechs and digital asset firms.

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.