Tag: Bank

Major Nordic Bank Will Allow Customers to Access Bitcoin ETP

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Scandinavia’s largest bank, Nordea, has shifted its stance on crypto in the face of growing adoption and regulatory clarity, announcing its customers can access an external Bitcoin-linked exchange-traded product (ETP) in December.  The Bitcoin ETP, developed by digital asset investment firm CoinShares, holds Bitcoin (BTC) as its underlying asset, Nordea stated on Thursday.  The ETP will only be offered as an “execution-only offering, meaning that customers can buy this product, but Nordea does not offer advice on it,” the bank added. Nordea has over $286 billion in assets under management,…

Nordea bank to offer Bitcoin ETPs to customers

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Nordea, the largest bank in the Nordic region, plans to offer access to exchange-traded products tracking Bitcoin to its customers beginning December 2025. Summary Finland’s Nordea bank will allow its customers to buy Bitcoin ETPs as from December 2025. The highlights regulation and maturity of the sector as key to its decision. Asset manager CoinShares’ synthetic Bitcoin ETP will be the first on offer. Finland, Helsinki-based Nordea announced the move on Oct. 30, noting that the decision to provide clients access to the Bitcoin (BTC)-linked exchange-traded products comes amid a…

Central Bank of Brazil to advance plans for a Bitcoin reserve

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Brazil could be seeing a major shift in the country’s financial policy, as its central bank looks to discuss adding Bitcoin to its official reserves.  Summary Brazil’s central bank is preparing to discuss adding Bitcoin to its official reserves at the upcoming Central Banking Autumn Meetings in Rio de Janeiro. The initiative follows a $19 billion Bitcoin reserve proposal in Brazil’s legislature, positioning the country among a small group of nations exploring BTC as a sovereign asset. Globally, countries like Germany, the Philippines, and Pakistan are following the lead of…

Pave Bank Raises $39M For Traditional, Digital Finance Platform

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Fintech Pave Bank has raised $39 million in a Series A funding round led by venture capital firm Accel. The company offers programmable banking solutions for businesses, combining crypto and fiat services. The round included participation from Tether Investments, Wintermute, Quona Capital, Helios Digital Ventures, Yolo Investments, Kazea Capital, Financial Technology, and GC&H Investments, bringing the company’s total funding to about $45 million, according to the Economic Times. Founded in 2023 by fintech veterans Simon Vans-Colina, Salim Dhanani, and Dmitry Bocharov, Pave Bank provides institutional and corporate clients with both…

Austria’s 21bitcoin Launches Europe-First Bitcoin-Backed Loan Pilot With VR Bank and Sopra

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21bitcoin operator FIOR Digital GmbH has launched a Europe‑first pilot project with Volksbank Raiffeisenbank Bayern Mitte eG and Sopra Financial Technology GmbH to develop a regulatory-compliant bitcoin-backed lending white‑label solution, announced October 20, 2025. The consortium will run the pilot from Salzburg and partner banks’ sites, combining 21bitcoin’s custody and user-experience capabilities with VR Bank […] Original

Global Bitcoin ETPs are just starting: Sygnum Bank

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UK’s approval of Bitcoin ETPs for retail users is just the first step in institutional adoption, says Sygnum Bank CIO. Summary Sygnum Bank CIO states UK is falling in line with US and Europe on crypto regulation Traditional finance like BlackRock and crypto native firms are converging on Bitcoin In the U.S., there are signs of progress on ETPs beyond just Bitcoin and Ethereum The UK Financial Conduct Authority approval of Bitcoin ETPs marks growing institutional acceptance of Bitcoin as a legitimate asset class, says Fabian Dori, CIO of the…

Bitcoin Copies 2023 Regional Bank Rout With $105,000 BTC Price Dive

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Key points: Bitcoin falls to its lowest levels since June as familiar US banking turmoil returns. Traders see $100,000 possibly failing as support. Gold comes off fresh all-time highs as Peter Schiff sees it beating Bitcoin to the $1 million mark. Bitcoin (BTC) fell to 15-week lows on Friday as a US banking rout added to BTC price pressures. BTC/USD four-hour chart. Source: Cointelegraph/TradingView Bitcoin risks “going straight to $98,000” next Data from Cointelegraph Markets Pro and TradingView showed Bitcoin dropping under $106,000 for the first time since June. Crypto…

Is Sony The Next Crypto Bank? Tech Giant Applies For A National Charter In The US

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

US Regulator Approves Peter Thiel-Backed Erebor Bank for National Charter

Key Notes Palmer Luckey and Joe Lonsdale founded Erebor with Founders Fund backing to create a regulated crypto banking solution. The bank plans to hold digital assets on its balance sheet and handle stablecoin operations as core business functions. Final approval requires FDIC insurance and maintaining a 12% Tier 1 Leverage ratio for three years. A new crypto-focused bank backed by some of Silicon Valley’s most influential figures has received preliminary conditional approval for a national charter from a top US regulator, a move to reshape the banking landscape for…

South African Bank Absa Taps Ripple for Crypto Custody

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Institutional blockchain service provider and XRP developer Ripple announced a partnership with South African bank Absa on Wednesday to provide digital asset custody to the institution’s customers. According to the announcement, Absa is “Ripple’s first major custody partner in Africa.” The bank will offer its customers digital asset custody services relying on Ripple’s infrastructure for tokenized assets and cryptocurrencies. The bank in question is a major player on the African financial stage, managing 2.07 trillion South African rands ($119.5 billion) of assets as of the end of 2024. Absa also…