Tag: Bank

Revolut Eyes Stablecoin Services Through Future US Bank

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Fintech company Revolut plans to offer stablecoins through its future US bank, Reuters reported Wednesday, citing comments from the company’s US CEO, Cetin Duransoy. Duransoy told the news service that customers of the bank, which is expected to launch next year, will have access to FDIC-insured accounts, multi-currency deposits, stock trading and cryptocurrency services. He said that Revolut plans to initially target retail and business customers with international banking needs, including those managing multiple currencies. Revolut applied for a US national bank charter in March, which would allow the company…

Major Crypto Exchange Coinbase Enables Rupee Bank Rails in India

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Coinbase has enabled direct rupee bank rails in India, making it easier for local customers to move money between bank accounts and crypto markets on the exchange as the company deepens its push into one of the world’s fastest-growing digital asset markets. Indian users can now deposit and withdraw Indian rupees via the Immediate Payment Service (IMPS) instant payments network and access spot markets, perpetual futures and the company’s Advanced Trade interface through a single platform, according to a company blog post published Sunday. The move marks Coinbase’s latest push…

SoFi Launches SoFiUSD Stablecoin for 15 Million Members as First US Bank on a Banking App – Bitcoin News

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Key Takeaways SoFi Bank launched SoFiUSD on May 27, 2026, making it the first U.S. national bank-issued stablecoin available on a banking app. Nearly 15 million SoFi members can now buy, hold, and convert SoFiUSD on Ethereum and Solana, with Bullish exchange access coming soon. SoFi plans to add FDIC-insured tokenized deposits and 24/7 cross-border transfers within weeks, expanding stablecoin utility across its full ecosystem. SoFi Opens SoFiUSD to 15 Million Users, Targets Cross-Border Transfers and Bullish Listing The San Francisco-based company announced the launch on May 27, giving members…

American Mega Bank Is Dumping Its Ethereum Holdings, Here’s What It’s Buying

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Ethereum is losing ground inside one of America’s largest banking portfolios as Bank of America sharply pivots toward Bitcoin-linked investment products. Fresh SEC filings from the banking giant reveal a noticeable reshuffling of its crypto exposure during the first quarter, with Ethereum and Solana positions reduced while Bitcoin allocations expanded aggressively through spot ETFs and indirect treasury exposure. Ethereum Retreats, Bitcoin Expands The latest 13F filing from Bank of America paints a clear picture of where institutional conviction is shifting. While the bank still maintains exposure across several crypto-related products,…

Bank of America picks Bitcoin ETF over Ether and Solana in Q1

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Bank of America reported about $53 million in crypto ETF exposure in its Q1 2026 13F filing, with BlackRock’s iShares Bitcoin Trust leading the group.  Summary Bank of America’s Q1 filing showed roughly $53 million in reported crypto ETF exposure overall. IBIT led the bank’s crypto ETF holdings, with its reported stake near $37 million overall. The filing showed lower Ether and Solana positions as Bitcoin products stayed the largest allocation. The filing showed a larger IBIT position and smaller Ether and Solana ETF exposure, putting Bitcoin at the center…

Trillion-Dollar Italian Bank Moves To XRP, But How Much Have They Bought?

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XRP is back in focus following reports of exposure from Italy’s largest banking group. The disclosure, highlighted by crypto analyst @Xfinancebull on X, reveals a position tied to the Grayscale XRP Trust, which has drawn renewed attention across the market as investors assess the scale and implications of the holding. The $18 Million Position Making Waves According to recent reports, Italian banking heavyweight Intesa Sanpaolo, a financial institution managing roughly $1.1 trillion in assets, expanded its cryptocurrency exposure substantially between late 2025 and the first quarter of 2026. Verified figures…

Intesa Sanpaolo’s Crypto Portfolio Hits $235M as Italy’s Biggest Bank Goes Deeper Into Digital Assets

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Intesa Sanpaolo, Italy’s largest bank, more than doubled its crypto exposure in the first quarter of 2026, with holdings climbing from approximately $100 million at the end of 2025 to around $235 million as of March 31. The growth was driven by expanded Bitcoin positions, with the bank adding to positions in both the ARK 21Shares BTC ETF and BlackRock’s iShares Bitcoin Trust ETF. It also entered Ethereum for the first time through BlackRock’s iShares Staked Ethereum Trust, and picked up a fresh stake in Ripple’s XRP via the Grayscale…

Augustus Wins OCC Approval for AI and Stablecoin Bank Charter

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Peter Thiel-backed payments startup Augustus received conditional approval from the US Office of the Comptroller of the Currency (OCC) to establish a US national bank built around artificial intelligence and stablecoin-based payments. The approval, announced Monday, would allow Augustus to expand its existing European banking operations into the US, as financial firms increasingly compete to modernize cross-border settlement infrastructure using tokenized dollars and blockchain-based payment systems. The company describes Augustus National Bank as “the first clearing bank for the AI era,” built on an AI and stablecoin-native core designed to…

Swiss Bitcoin Reserve Effort Withdrawn After Resistance From Central Bank

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Campaign founder Yves Bennaim isn’t giving up. Even after his group failed to gather enough signatures to force a Swiss national referendum on Bitcoin reserves, Bennaim said another push could follow. Related Reading The Swiss direct democracy system requires campaigns to hit a signature threshold within 18 months — his team didn’t make it. A Bold Proposal That Didn’t Get Off The Ground The initiative would have required the Swiss National Bank to hold Bitcoin alongside gold and foreign currencies. Supporters argued that adding Bitcoin to the SNB’s reserves would…

Swiss National Bank Bitcoin Reserve Push Fails as Campaign Falls Short

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A campaign to require the Swiss National Bank to hold Bitcoin is set to lapse after failing to gather enough signatures to trigger a national referendum, Reuters reported. The initiative sought to amend Switzerland’s constitution to require the central bank to hold Bitcoin (BTC) alongside gold and foreign currency assets, but organizers said they collected only about half of the 100,000 signatures required under Swiss law. The Swiss National Bank (SNB) has repeatedly opposed adding cryptocurrencies to its holdings, saying digital assets do not meet its reserve management standards due…