The Federal Reserve Board announced Thursday it had again rejected crypto bank Custodia’s bid for Fed supervision. Source
Crypto Bank Custodia's Bid for Fed Supervision Rejected Again
Tag: Bank
Sam Bankman-Fried Hit With Additional Bank Fraud Charges in New Indictment
FTX founder Sam Bankman-Fried faces additional charges under a new indictment unveiled Thursday morning. Source
German DZ Bank Taps Metaco to Offer Crypto Asset Management Service
With the right user base and its alignment with existing regulations, DZ Bank will open access to millions of users to consider getting into the crypto ecosystem with its offering. DZ Bank, the second-largest financial services provider in Germany is set to dive into the crypto asset management niche and it has named Swiss custodian Metaco as its partner. As reported by CoinTelegraph citing statements shared by the duo, Metaco’s custody platform Harmonize will be the primary outfit that will be used by DZ Bank. Several financial institutions are already…
German DZ Bank adds digital currencies into asset management services
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…
DZ, Germany's Second-Largest Bank, Taps Metaco for Digital Asset Custody
This is the fourth such partnership Metaco has made with major financial institutions in eight months. Source
Bitcoin must leverage $1T central bank liquidity to beat sellers — research
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…
Israel's Central Bank Proposes Rules for Stablecoins Including 100% Reserve Requirement
The recommendations target consumer protection, risk management and prudential requirements, the Bank of Israel said. Source
Bank of Japan to Launch Digital Yen CBDC Pilot Later This Year – Bitcoin News
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
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…