Bank Archives

Fed Wins Legal Battle Over Custodia Bank Master Account Denial

October 31, 2025

Key Notes The appeals court rejected Custodia’s interpretation that Federal Reserve services must be provided, finding discretionary authority prevails over mandatory language. Judge Tymkovich’s dissent warned the ruling grants unreviewable executive power to unappointed officials, raising constitutional concerns under the Appointments Clause. The Federal Reserve denied Custodia’s application in January 2023 after a 27-month review, citing novel risks from its cryptocurrency business model. The US Court of Appeals for the Tenth Circuit ruled against Custodia Bank on Oct. 31, affirming the Federal Reserve’s authority to deny the crypto-focused bank’s application…

Caitlin Long’s Crypto Bank Loses Appeal over Fed Master Account

October 31, 2025 boss

A US appellate court has ruled against Custodia Bank, the crypto-friendly institution founded by Caitlin Long, siding with the Federal Reserve in a lower court decision. In a Friday judgment in the US Court of Appeals for the Tenth Circuit, three circuit judges affirmed a lower court ruling in the District of Wyoming. The appeal, filed in April 2024 after the court ruled against granting Custodia a US Federal Reserve master account, was the latest setback since the crypto-friendly bank first submitted its application in October 2020. “This case comes…

Basel Reportedly Aims for Friendlier Crypto Bank Guidelines

October 31, 2025 boss

Global banks may soon take a more favorable view of cryptocurrencies as the Basel Committee on Banking Supervision (BCBS) prepares to revise its landmark guidance on crypto exposure, according to a Bloomberg report published Friday. According to Bloomberg, citing sources familiar with the matter, the Basel Committee’s 2022 guidance on banks’ treatment of crypto will be updated next year to be more favorable. This follows the issuance of previous standards in 2022, with most banks interpreting them as a signal to avoid crypto altogether. Bloomberg’s sources said the Basel Committee…

Nordic Bank Nordea to Offer Bitcoin‑linked Synthetic ETP on Its Platforms

October 31, 2025 boss

Nordea will allow customers to trade a Coinshares‑manufactured bitcoin synthetic ETP on its platforms from December 2025. Nordea announced on October 30, 2025, that it will permit customers in the Nordics to trade an externally manufactured crypto‑linked product — a synthetic exchange‑traded product (ETP) with bitcoin as the underlying asset — produced by Coinshares International […] Original

Chainlink Brings Deutsche Bank And DWS’s EURAU Multichain

October 31, 2025 boss

AllUnity’s euro-backed stablecoin, EURAU — a joint venture between Deutsche Bank and asset manager DWS — is expanding across multiple blockchains by using Chainlink’s crosschain infrastructure. According to a Thursday announcement shared with Cointelegraph, EURAU will use Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to connect with Ethereum, Arbitrum, Base, Optimism, Polygon and Solana. The company said it also plans to extend the stablecoin to the Canton Network, a blockchain focused on institutional financial applications. AllUnity CEO Alexander Höptner said the CCIP will allow EURAU to “operate seamlessly across multiple blockchains,” improving…

Major Nordic Bank Will Allow Customers to Access Bitcoin ETP

October 31, 2025 boss

Scandinavia’s largest bank, Nordea, has shifted its stance on crypto in the face of growing adoption and regulatory clarity, announcing its customers can access an external Bitcoin-linked exchange-traded product (ETP) in December. The Bitcoin ETP, developed by digital asset investment firm CoinShares, holds Bitcoin (BTC) as its underlying asset, Nordea stated on Thursday. The ETP will only be offered as an “execution-only offering, meaning that customers can buy this product, but Nordea does not offer advice on it,” the bank added. Nordea has over $286 billion in assets under management,…

Nordea bank to offer Bitcoin ETPs to customers

October 30, 2025 boss

Nordea, the largest bank in the Nordic region, plans to offer access to exchange-traded products tracking Bitcoin to its customers beginning December 2025. Summary Finland’s Nordea bank will allow its customers to buy Bitcoin ETPs as from December 2025. The highlights regulation and maturity of the sector as key to its decision. Asset manager CoinShares’ synthetic Bitcoin ETP will be the first on offer. Finland, Helsinki-based Nordea announced the move on Oct. 30, noting that the decision to provide clients access to the Bitcoin (BTC)-linked exchange-traded products comes amid a…

Central Bank of Brazil to advance plans for a Bitcoin reserve

October 30, 2025 boss

Brazil could be seeing a major shift in the country’s financial policy, as its central bank looks to discuss adding Bitcoin to its official reserves. Summary Brazil’s central bank is preparing to discuss adding Bitcoin to its official reserves at the upcoming Central Banking Autumn Meetings in Rio de Janeiro. The initiative follows a $19 billion Bitcoin reserve proposal in Brazil’s legislature, positioning the country among a small group of nations exploring BTC as a sovereign asset. Globally, countries like Germany, the Philippines, and Pakistan are following the lead of…

Pave Bank Raises $39M For Traditional, Digital Finance Platform

October 23, 2025 boss

Fintech Pave Bank has raised $39 million in a Series A funding round led by venture capital firm Accel. The company offers programmable banking solutions for businesses, combining crypto and fiat services. The round included participation from Tether Investments, Wintermute, Quona Capital, Helios Digital Ventures, Yolo Investments, Kazea Capital, Financial Technology, and GC&H Investments, bringing the company’s total funding to about $45 million, according to the Economic Times. Founded in 2023 by fintech veterans Simon Vans-Colina, Salim Dhanani, and Dmitry Bocharov, Pave Bank provides institutional and corporate clients with both…

Austria’s 21bitcoin Launches Europe-First Bitcoin-Backed Loan Pilot With VR Bank and Sopra

October 21, 2025 boss

21bitcoin operator FIOR Digital GmbH has launched a Europe‑first pilot project with Volksbank Raiffeisenbank Bayern Mitte eG and Sopra Financial Technology GmbH to develop a regulatory-compliant bitcoin-backed lending white‑label solution, announced October 20, 2025. The consortium will run the pilot from Salzburg and partner banks’ sites, combining 21bitcoin’s custody and user-experience capabilities with VR Bank […] Original