Tag: Bank

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…

PNC Bank to Offer Clients Crypto Services Through Coinbase Partnership

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PNC Bank is set to offer crypto services to clients through a new partnership with Coinbase, following the signing of federal crypto legislation. PNC Bank announced its crypto move on Tuesday. With Coinbase support, the US bank will offer its clients the ability to buy, sell and hold digital assets without logging out of their accounts. The move will be made possible through Coinbase’s Crypto-as-a-Service platform. In turn, PNC Bank will offer Coinbase some of its banking services. In a statement, PNC Chairman and CEO William Demchak said that partnering…

Bank of England Reconsidering Digital Pound Dream

Key Notes The Bank of England is reportedly reconsidering its plans for a consumer-focused digital pound. Governor Andrew Bailey has publicly voiced skepticism about the need for new forms of money like CBDCs. The BOE is now urging banks to focus on tokenized deposits and payment innovations. The Bank of England (BOE) took a complete 360 on its earlier stance on the debut of a digital dollar, raising fresh doubts about the future of central bank digital currencies (CBDCs) in the UK. According to a recent Bloomberg report, officials are…

Bank Groups Urge OCC Delay Allowing Crypto Bank Charter Bids

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US banking groups have urged the country’s banking watchdog to postpone its decision on crypto companies’ bank licenses until more details about their plans are public, claiming that allowing the bids would be “a fundamental departure” from current policy. The American Bankers Association and other bank and credit union trade groups said in a letter to the Office of the Comptroller of the Currency (OCC) on Thursday that its approval of national bank charters for the likes of stablecoin issuers Circle Internet Group and Ripple Labs “would raise significant policy…

Nordic Exchange Safello Partners With Marginalen Bank to Enhance Banking Services for Crypto Customers

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Safello has signed a strategic framework agreement with Marginalen Bank, allowing Safello’s over 400,000 customers to access a range of banking services through its platform. This partnership introduces Banking-as-a-Service (BaaS), enabling customers to utilize full-service payment accounts, bill payment options, Swish connections, and debit cards. The agreement, which has an initial term of two years, […] Source

Bank of America Eyes Stablecoins as Blockchain Strategy Takes Shape

Bank of America is in the early stages of exploring stablecoins, aiming to leverage blockchain technology to enhance its payment infrastructure. During the bank’s second-quarter earnings call, CEO Brian Moynihan addressed questions about BoA’s stablecoin strategy, noting that the initial focus is “on stablecoins as a transactional device.” Stablecoin-based payment rails could help BoA move the trillions of dollars in client assets that flow through its systems each day. “We believe that if they want to use stablecoins to move part of that money, they’ll move,” Moynihan said, referring to…