Tag: Bank

SoFi Technologies Launches First National Bank Enterprise Crypto and Stablecoin Platform – Bitcoin News

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SoFi Launches Big Business Banking With 24/7 Fiat and Crypto Settlement for U.S. Enterprises SoFi Technologies (Nasdaq: SOFI) made the announcement on Thursday, positioning the product as direct competition to the legacy banking model that shuts down at 5 p.m. on Fridays. The offering targets institutions and enterprise clients that need to operate across both traditional and digital finance without patching together multiple providers and custodians. CEO Anthony Noto framed the gap plainly. “To be competitive, businesses today must operate in a global, always-on environment 24 hours a day, 7…

Central Bank of Nigeria Selects Six Entities for New Virtual Asset Pilot – Africa Bitcoin News

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Six VASPs Tapped for New Supervisory Pilot The Central Bank of Nigeria has officially launched an anti-money laundering and counter-financing of terrorism supervisory pilot program. The new pilot is designed to align Nigeria with the Financial Action Task Force (FATF) Recommendations 15 and 16—specifically the travel rule, which requires virtual asset service providers to share originator and beneficiary information for transactions. Only a few years ago, the Nigerian crypto landscape was defined by friction. In February 2021, the CBN effectively barred commercial banks from servicing crypto exchanges. However, following the…

Charles Schwab-Backed EDX Markets Applies for National Trust Bank Charter With OCC  – Crypto News Bitcoin News

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EDX Markets Holding Company Files OCC Charter Application for Crypto Trust Bank The application was made public on Wednesday, April 1, and first reported on by Bloomberg. It requests full fiduciary powers under 12 U.S.C. § 92a and authorization to provide digital asset custody, asset management, and settlement services exclusively for institutional clients. The proposed main office is located at 200 W. Madison, Suite 1450, Chicago, IL 60606. EDX Markets launched in June 2023 as an institutional-only cryptocurrency exchange. Its founding backers include Citadel Securities, Fidelity Digital Assets, Charles Schwab,…

EDX Markets Applies for OCC Trust Bank to Expand Crypto Services

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EDX Markets, an institutional crypto exchange, has applied to the US Office of the Comptroller of the Currency (OCC) to establish a national trust bank that would provide crypto custody, asset management and trade-settlement services. The proposed entity, EDX Trust, would operate as a non-depository national bank, separating custody and settlement from trading while continuing to route order matching through EDX’s existing platform. In its application, the company said the model is intended to address structural risks in crypto markets, where trading, custody and brokerage are often combined within a…

Tokenization Could Save Australian Economy $16.7 Billion Annually, Aussie Central Bank Reports – Featured Bitcoin News

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Project Acacia Findings The Reserve Bank of Australia has officially moved past the “trial phase” of digital finance, signaling a major shift toward the real-world implementation of tokenized assets and wholesale digital currencies. In a key speech delivered March 25, RBA Assistant Governor Brad Jones made it clear: The question is no longer if Australia will adopt these technologies, but how it will scale them to protect the nation’s financial stability. Jones made the remarks while unveiling the findings of Project Acacia, a research initiative that maps out a future…

Deutsche Bank Analysis Flags Iran War as Turning Point for US Dollar Dominance – Bitcoin News

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Chinese Yuan Could Replace Dollar in Hormuz Oil Trade as Iran Conflict Deepens, Deutsche Bank Says The bank’s March research note, authored by strategist Mallika Sachdeva, frames the ongoing US-Israel-Iran conflict as what she calls “a perfect storm for the petrodollar.” The analysis arrives as crude oil markets process fresh volatility and policymakers watch one of the world’s most consequential shipping corridors for signs of structural change. The petrodollar arrangement dates to 1974, when Saudi Arabia agreed to price its oil exports in U.S. dollars in exchange for American security…

Ripple Enters Singapore Central Bank Program Piloting XRP Ledger and RLUSD Use – Featured Bitcoin News

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Ripple Joins Singapore Central Bank’s Effort to Drive Tokenized Settlement Systems Efforts to modernize cross-border settlement systems are accelerating as Ripple announced on March 25 that it has joined the Monetary Authority of Singapore (MAS) BLOOM initiative, incorporating XRP Ledger (XRPL) infrastructure and Ripple USD (RLUSD) stablecoin into programmable settlement models. The collaboration centers on tokenized bank liabilities and regulated stablecoins for conditional payment execution. Participation involves a pilot with supply chain finance firm Unloq, focusing on trade settlement execution through integrated workflows and conditional payment triggers. Ripple explained: “The…

European Central Bank Outlines Roadmap for Integrated European Digital Asset Ecosystem – News Bytes Bitcoin News

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Executive Board Member Piero Cipollone of the European Central Bank (ECB) addressed the House of the Euro in Brussels on 23 March 2026 regarding the future of tokenized finance. He detailed the transition of digital markets from exploration to production, noting that European issuers have placed nearly €4 billion in distributed ledger technology (DLT) instruments since 2021. The speech emphasizes that the Eurosystem is building the necessary “rails” to overcome platform fragmentation and provide a secure public settlement anchor. The initiative introduces Pontes, a bridging solution scheduled for launch in…

Turkish Central Bank Considers Tapping Gold Reserves to Defend Lira – News Bytes Bitcoin News

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The Central Bank of the Republic of Turkey (CBRT) is holding private discussions to utilize its vast gold reserves to counter currency volatility linked to the ongoing war in Iran as of March 24, 2026. This potential strategy involves conducting swap transactions in the London market to bolster foreign currency liquidity and defend the lira’s value, according to Bloomberg. Turkey currently holds gold reserves valued at approximately $135 billion, with an estimated $30 billion stored at the Bank of England available for intervention. These measures are vital as the nation…

ECB Says Stablecoins and Tokenized Deposits Need Central Bank Money

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Tokenized deposits and stablecoins need tokenized central bank money as a public settlement anchor if Europe’s tokenized financial markets are to scale, Piero Cipollone, a member of the European Central Bank’s Executive Board, said on Monday. Cipollone pointed to Pontes, the Eurosystem’s distributed ledger technology (DLT) settlement initiative, which is designed to connect market DLT platforms with the Eurosystem’s TARGET Services and provide settlement in central bank money. “Without tokenised central bank money, a seller of a tokenised security may receive payment in an asset they are not comfortable holding…