Digital Assets

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.

Some traditional bankers are unsettled by the wave of crypto and fintech banks getting bank charters. This Nashville bank CEO sees opportunity.

Fidelity Digital Assets, the national crypto trust bank subsidiary of Fidelity Investments, is set to launch a dollar-backed stablecoin on ethereum.

The fintech, founded by an ex-Coinbase executive, seeks to offer stablecoin-powered global money movement services to businesses.

At a time when banks have tokenization, stablecoin and blockchain projects in the works, senior leaders will exchange ideas at a New York conference.

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.