Tag: Bank

German DZ Bank adds digital currencies into asset management services

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DZ Bank, Germany’s second-largest bank in terms of asset size, will fully integrate digital currencies into its asset management services in collaboration with the digital asset firm Metaco. According to the announcement sent to Cointelegraph, DZ Bank selected Metaco’s custody platform Harmonize to offer digital currencies to its institutional clients. Nils Christopeit, an executive at DZ Bank, said that the Metaco Harmonize platform suits their requirements in terms of security and scalability. “With the offering, we can build by using this technology, we trust to create a durable and fast-growing…

Bitcoin must leverage $1T central bank liquidity to beat sellers — research

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Bitcoin (BTC) hodlers need to watch the central banks of China and Japan as well as the United States as BTC/USD battles “huge” resistance. That was the opinion of trading firm QCP Capital, which in its latest crypto market research piece, “The Crypto Circular,” warned that Bitcoin faces risks far beyond the Federal Reserve. Bitcoin “most direct global liquidity proxy” Having survived the latest flood of macroeconomic data from the U.S., Bitcoin is nonetheless flagging right below $25,000 as bulls run out of momentum. For QCP Capital, there is now…

Bank of Japan to Launch Digital Yen CBDC Pilot Later This Year – Bitcoin News

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The Bank of Japan is preparing to launch a pilot test for a digital yen, its central bank digital currency (CBDC), later this year. Shinichi Uchida, executive director of the Bank of Japan, explained that the goals of this new pilot are to test the technical feasibility of the currency and to include private businesses in its design process. Bank of Japan to Continue Digital Yen CBDC Experimentation The Bank of Japan is advancing in its research for the issuance of a hypothetical Japanese central bank digital currency (CBDC), the…

Deutsche Bank Joins Hands with Memento to Test Tokenized Investment Platform

Institutional investors will be able to subscribe to the tokenized fund through the direct minting of tokens, via a decentralized exchange aggregator, or through a built-in marketplace.  On Tuesday, February 21, Deutsche Bank Singapore published a report with a proof of concept (PoC) in order to provide a platform for asset managers to issue tokenized funds. For this Deutsche Bank has partnered with Memento blockchain. Deutsche Bank and Memento Partnership The two players are working together on a PoC project dubbed Project DAMA (Digital Assets Management Access). This project will…

Deutsche Bank completes trial of tokenized investment platform

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According to a report on Feb. 21, Deutsche Bank Singapore and Memento Blockchain have successfully completed the proof-of-concept phase of Project DAMA (Digital Assets Management Access), designed to facilitate the management of digital funds investing in tokenized securities. Per the report, asset managers were able to create a digital asset fund with its own soulbound token and launch a direct fiat-to-digital on-ramp for users. Institutional investors could then subscribe to the fund through the direct minting of tokens, via a decentralized exchange aggregator or through a built-in marketplace. As the…

Nigeria’s Central Bank in Talks with Partners to Revamp Its CBDC

Two sources familiar with the matter said that the central bank is willing to develop its own software for the CBDC in order to keep full control of the effort.  It’s been nearly eighteen months since Nigeria launched its central bank digital currency (CBDC) eNaira back in October 2021. Now, the Central Bank of Nigeria is planning for a tech revamp of its CBDC. Currently, Nigeria’s central bank is in talks with potential technology partners who can develop a system to run and manage their CBDC. Two sources familiar with…