Tag: Bank

Central Banks May Stockpile Bitcoin in 5 Years: Deutsche Bank

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

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SBI Shinsei Bank to Pilot Tokenized Deposits with Partior, DeCurret

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Japan’s SBI Shinsei Bank has partnered with Singapore-based Partior and Japan’s DeCurret DCP to explore multicurrency tokenized deposits for cross-border transactions. The three signed a Memorandum of Understanding (MoU) on Tuesday, aiming to develop a blockchain-based settlement framework that supports real-time clearing in multiple currencies, according to an announcement. DeCurret currently operates the DCJPY platform, which allows banks in Japan to issue yen-denominated tokenized deposits. SBI Shinsei plans to expand beyond the Japanese yen, aiming to issue tokenized deposits in other major currencies to meet the growing demand for faster…

Swiss Bankers Association Conducts First Legally Binding Bank Payment Via Public Blockchain

Key Notes Swiss Banking Alliance partnered with PostFinance, Sygnum Bank, and UBS for groundbreaking blockchain payment pilot. The program tested both deposit token transfers and blockchain-based escrow transactions for asset exchanges. Switzerland continues advancing as a blockchain research hub despite central bank hesitation on Bitcoin reserves. The Swiss Banking Alliance, in partnership with PostFinance, Sygnum Bank, and UBS, recently conducted its first-ever legally binding bank payment transaction facilitated through a public blockchain. According to a study published by the Alliance, the group conducted a pilot program to investigate the viability…

Swiss Banking Giants Complete Blockchain Study for Bank Deposits

Some of Switzerland’s largest banks completed a proof-of-concept (PoC) that tested blockchain technology and smart contracts for interbank payments, marking what they said was the first legally binding bank payment via a public blockchain. Under the umbrella of the Swiss Bankers Association (SBA), UBS, PostFinance and Sygnum Bank conducted a feasibility study on blockchain-based deposit tokens and payments infrastructure, the SBA announced Tuesday. The test initiated an offchain fiat money transfer triggered by payment instructions tokenized on the blockchain as a “deposit token.” The first use case executed a payment…

Russian Civic Chamber Member Floats Idea for Crypto Bank

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Russia needs its own crypto-enabled bank that could help combat illicit transactions and support miners by providing infrastructure for them to cash out their earnings, a member of the country’s government oversight body says. Evgeny Masharov, a member of the Russian Civic Chamber, which examines draft laws, told the state-owned news agency TASS on Tuesday that Russia should follow its ally Belarus in launching a crypto exchange service through a major financial institution. Masharov said the move would “solve a number of current problems,” such as bringing “shadow transactions” into…

US Bank Powers Back Into Bitcoin Custody With $11.7T Institutional Strength

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U.S. Bank is reigniting momentum in digital finance with a bold return to bitcoin custody, integrating ETF support and unlocking powerful institutional pathways into cryptocurrency adoption. US Bank Resumes Bitcoin Custody Services, Signaling Broader Institutional Shift Institutional investors are increasingly seeking regulated access to digital assets as banks adapt their offerings to meet demand. U.S. […] Original

Citi Exec Warns Stablecoin Yields Could Drain Bank Deposits: Report

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Paying interest on stablecoin deposits could spark a wave of bank outflows similar to the money market fund boom of the 1980s, Citi’s Future of Finance head Ronit Ghose warned in a report published Monday. According to the Financial Times, Ghose compared the potential outflows caused by paying interest on stablecoins to the rise of money market funds in the late 1970s and early 1980s. Those funds ballooned from about $4 billion in 1975 to $235 billion in 1982, outpacing banks whose deposit rates were tightly regulated, Federal Reserve data…

Central Bank of Brazil Dismisses Strategic Bitcoin Reserve Implementation

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During the first congressional public hearing on a Strategic Bitcoin Reserve proposal in Brazil, Luís Guilherme Siciliano, head of the International Reserves Department at the central bank, said that adopting the bill would increase risks to the nation’s reserve portfolio. Central Bank of Brazil Argues Holding Bitcoin Would Increase Foreign Reserve Risks The Central Bank […] Original