Tag: Bank

AMINA Bank Launches Polygon Staking for Corporates

Key Notes AMINA Bank is the first to offer institutional staking to clients, in collaboration with Polygon. By staking POL through AMINA, investors can get up to 15% staking reward. Polygon deployed its major “Rio” upgrade to the Amoy testnet a month ago. [NC] staking services are now available on AMINA Bank AG, a Swiss FINMA-regulated crypto bank. This makes it the first financial institution globally to enable such services on its platform. It also offers institutional investors the opportunity to engage with the naive token of the Polygon network…

Fasset Becomes First Stablecoin Islamic Bank in Malaysia

Key Notes Malaysia grants Fasset approval to offer full-service digital banking within a regulated Islamic fintech sandbox. Fasset is now the world’s first stablecoin-powered Islamic digital bank. The platform plans to expand its products and services in the coming months. . Global crypto investment platform, Fasset, has received approval from Malaysia to launch full-service digital banking services within a regulated Islamic fintech sandbox. The approval makes Fasset the world’s first stablecoin-powered Islamic digital bank. Fasset currently serves over 500,000 users across 125 countries, aiming to close the long-standing gap in…

Fasset Approved to Launch Stablecoin-Powered Islamic Digital Bank

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Fasset received a provisional license from Malaysia’s Labuan Financial Services Authority (FSA) to launch what the company said is the first stablecoin-powered “Islamic digital bank.” The license allows Fasset, an all-in-one financial super app, to operate within a regulated sandbox focused on Shariah-compliant financial products, the company said in a Tuesday news release. “We can now combine the credibility of a global banking institution with the innovation of a fintech insurgent that’s fully halal,” Fasset CEO Mohammad Raafi Hossain said. Islamic finance refers to the financial system based on Islamic…

Standard Chartered Predicts $1T Bank Outflows to Stablecoins

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Multinational bank Standard Chartered predicted that more than $1 trillion could exit emerging market banks and flow into stablecoins by 2028 as demand for US dollar-pegged crypto assets accelerates.  In a Monday report, Standard Chartered’s Global Research department said that it expects global stablecoin adoption to accelerate as payment networks and other core banking activities shift to the non-bank sector.  As stablecoins gain traction in emerging markets (EM), Standard Chartered noted that users might utilize stablecoins to access what’s essentially a US dollar-based account. “Stablecoin ownership has been more prevalent…

XRP Price Moves into $5 Breakout Range as Community Speculates on Ripple National Bank

Key Notes XRP price rises above $3 as traders anticipate upside from Ripple’s OCC banking license application. Derivatives data show $8.9 billion open interest, signaling renewed institutional speculation despite weekend liquidity. Chart indicators reveal XRP entering a critical $3.10-$3.15 resistance zone, with potential for a $5 breakout in Q4. . The XRP price moved above $3 on Sunday, October 5, and held steady around its five-day average. Despite a modest 2% rise, XRP appeared to underperform Bitcoin and Ethereum, which rallied over 3% as BTC set fresh all-time highs. This…

Vietnam Central Bank Expects Credit Growth. Crypto to Benefit?

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The State Bank of Vietnam, the country’s central bank, anticipates credit growth of about 20% in 2025, a move that could see liquidity flow into global crypto markets amid rising adoption in the region. Pham Thanh Ha, deputy governor of the central bank, said Friday that interest rates need to be slashed further to encourage economic growth and mitigate the uncertainty from US-imposed tariffs, according to Reuters. Vietnam’s government legalized cryptocurrencies in June as part of broader technology regulation, which categorized cryptocurrencies as either virtual assets representing real-world tokenized products…

European Central Bank Picks Providers For Possible Digital Euro Rollout

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The European Central Bank (ECB), as part of its preparation phase for a potential digital euro launch, announced framework agreements with technology providers responsible for components of the central bank digital currency (CBDC). In a Thursday notice, the ECB said it had reached agreements with seven entities — and at least one more expected to be announced — to provide services related to managing fraud and risk, a secure exchange of payment information, and software development for a possible digital euro. Among the companies were Feedzai, which uses AI to…

Bitcoin price could hit $231k, a major Wall Street bank predicts

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Bitcon price continued its strong recovery on Thursday as it moved close to the important resistance at $120,000. It has jumped by over 10% from its lowest level in September. Summary Bitcoin price could jump to $231,000 in the next 12 months, according to Citigroup. Such a move would be a 93% jump from the current level. Bitcoin is benefiting from the rising institutional demand and falling supply in exchanges. Citi predicts that the Bitcoin price could hit $232,000 Wall Street analysts are getting bullish on Bitcoin (BTC) as demand…

UK Central Bank Eyes Stablecoins to Reduce Reliance on Banks

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Bank of England (BoE) Governor Andrew Bailey suggested that stablecoins could reduce the United Kingdom’s reliance on commercial banks, signaling a potential shift in the central bank’s stance toward digital assets. In a Wednesday article in the Financial Times, Bailey said that the current financial system combines money and credit creation through fractional reserve banking, in which banks hold a portion of deposits while lending out the rest. Fractional reserve banking is a system in which banks hold only a fraction of customer deposits in reserve and lend out the…

Swiss Crypto Bank Sygnum Launches Regulated Bitcoin Yield Fund Targeting 8–10% Annual Returns

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Swiss digital asset bank Sygnum today launched the Starboard Sygnum BTC Alpha Fund, developed with Starboard Digital and Starmark as AIFM, targeting an 8–10% annual return paid in bitcoin via systematic arbitrage strategies that convert trading profits into additional BTC. Designed for professional and institutional investors, the Cayman-domiciled fund offers monthly liquidity, a strict risk-management […] Original