Tag: Bank

Sygnum Bank Adds SUI Custody and Trading for Institutional Clients

Sygnum, a Swiss digital asset bank, is expanding regulated institutional access to the Sui blockchain with new custody, trading and lending products for its professional clients. The Zurich- and Singapore-headquartered firm announced Friday it will now offer institutional-grade custody, spot and derivatives trading for SUI, alongside upcoming staking and SUI collateral-backed Lombard loans. Staking is expected to launch in the coming weeks, with loans scheduled for the fourth quarter. All SUI holdings will be kept off the bank’s balance sheet and set up to be bankruptcy remote. The move builds…

Swiss Sygnum Bank Integrates SUI to Expand Access to Blockchain

Key Notes Sui says it is now fully integrated into Sygnum’s regulated banking platform. This deal presents services like custody, trading, staking, and treasury services to Sygnum’s institutional clients. Sui also received support from a Swiss FINMA-regulated institution, AMINA Bank AG, recently. Sygnum Bank, which attained unicorn status in January, has officially announced its support for SUI SUI $3.79 24h volatility: 8.0% Market cap: $13.31 B Vol. 24h: $2.02 B , the native token of the Sui blockchain. It plans to open this new service to its clients while also…

Crpyto Exchange Binance Said to Adds Spanish Bank BBVA for Off-Exchange Custody: FT

Binance, the largest cryptocurrency exchange by volume traded, enlisted Spain’s third-largest bank, BBVA, to provide custody services as it looks to improve protection for customers by isolating their assets from any disruption that might occur to the trading platform, the Financial Times reported. The custody arrangement separates trading activities from the funds backing the transactions by parking client assets in U.S. Treasuries held by BBVA. Binance then accepts the Treasuries as margin for trading, the FT said, citing people familiar with the process. If Binance were to fail, funds would…

South Korea’s Top Online Bank to Enter Stablecoin Market

Key Notes KakaoBank is preparing to enter South Korea’s stablecoin market. The initiative involves leaders from KakaoBank, Kakao Pay, and Kakao. The bank reported strong H1 2025 earnings, with nearly 26 million users. KakaoBank, South Korea’s largest digital-only bank, is preparing to enter the stablecoin market. As per local media outlets, the bank is exploring both the issuance and custody of digital assets, signaling a pivot to blockchain-based financial services. Backed by the broader Kakao Group’s resources and infrastructure, KakaoBank’s stablecoin ambitions could ramp up the adoption of stablecoins in…

AMINA Bank Makes History: First to Offer SUI Trading and Custody

Key Notes AMINA Bank became the world’s first regulated bank to offer trading and custody services for SUI. AMINA’s infrastructure offers full compliance, unlimited trading limits, and upcoming staking services. SUI is gaining traction globally, recently surpassing Solana in stablecoin transfer volume. AMINA Bank AG, a Swiss FINMA-regulated institution, has become the first regulated bank in the world to offer custody and trading services for SUI SUI $3.49 24h volatility: 1.4% Market cap: $12.25 B Vol. 24h: $1.35 B , the native token of the rapidly-growing Sui blockchain. The announcement…

Bank of Korea To Create Virtual Asset Team

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South Korea’s central bank will reportedly launch a virtual asset committee to monitor the crypto market and has refocused and renamed its central bank digital currency (CBDC) team to actively explore digital currency. A Bank of Korea official said its Virtual Asset Team will also be responsible for responding to “discussions related to stablecoins and virtual assets,” and “cooperative work with the government” during the legislative process, Yonhap News reported on Tuesday. Banks in South Korea mulling stablecoins pegged to the country’s currency, the won, and proposed stablecoin legislation being…

7th Largest US Bank PNC Partners with Coinbase to Launch Institutional Crypto Services

Key Notes The collaboration enables PNC’s 90,000 corporate clients to access crypto services through integrated banking platforms rather than external exchanges. This partnership represents a broader trend among major US financial institutions embracing digital asset integration following regulatory clarity. PNC joins other major banks like JPMorgan Chase in offering cryptocurrency-related services to meet increasing client demand for digital assets. PNC Bank, the 7th largest bank in the US, announced on July 22 a partnership with Coinbase, marking a significant public move by a major traditional US bank into the digital…