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Deutsche Bank is looking to grow its digital assets and custody business

Deutsche Bank seeks crypto custody license approval in Germany

German investment bank Deutsche Bank has applied to Germany’s financial regulator to provide custody services for cryptocurrencies. “I can confirm that Deutsche Bank has ap...

1 year ago

Meanwhile, the altcoin price crash triggered inflows for XRP, Cardano and Polygon.

Crypto investment products experience outflows for 9th consecutive week

On June 19, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” revealing that cryptocurrency investment products experience...

1 year ago

The Latin American country will conduct a pilot to test Ripple's technology for its high-value payments system.

Colombia’s Central Bank Partners with Ripple to Explore Blockchain Use Cases

Colombia's central bank, Banco de la República, has partnered with blockchain firm Ripple to explore the use of blockchain technology. According to Ripple, Banco de la Rep&u...

1 year ago

South Korea’s biggest commercial banks are exploring security token platforms to establish a trading ecosystem for corporate bonds

Top South Korean banks gear up for a $27B security token market

Several major lenders across South Korea have reportedly joined a bank consortium dedicated to security token offerings (STOs). In April, Seoul-based NongHyup established the consortiu...

1 year ago

Prime Trust subsidiary Banq has filed for bankruptcy as a result of “internal struggles and unauthorized transfers.

Prime Trust Owned Banq Files for Bankruptcy Amid Internal Struggles

In its filing, Banq mentioned unauthorized transfers by former officers of computers, trade secrets, proprietary information and technology, and business records, to Fortress NFT Group, Inc...

1 year ago

There are still no formal plans for a US digital dollar, with the Treasury continuing to explore what a CBDC might look like.

Digital dollar may trigger ‘bank run’ into CBDC: Treasury official

The US Treasury has been actively looking into how to make the most of a potential digital dollar, taking into account both national security and privacy. Graham Steele, a Treasury off...

1 year ago

Users can withdrawal deposits after waiting for five days

Tokenized US Treasury bills are entering emerging markets

A way to earn sustainable yield has landed in Southeast Asia. Cryptocurrency asset management platform Finblox is bringing tokenized US Treasurys to emerging markets across Southeast A...

1 year ago

The securitized tokens are governed by Hong Kong and Swiss law.

Bank of China issues $28M in digital structured notes on Ethereum blockchain

On June 12, Bank of China’s investment bank subsidiary BOCI announced the issuance of 200 million Chinese yuan ($28 million) worth of digital structured notes minted on the Ether...

1 year ago

Commonwealth Bank executive James Roberts cited a huge scale of “investment scams” involving crypto exchanges.

Major Australian bank to decline ‘certain’ payments to crypto exchanges

Commonwealth Bank (CBA), the largest bank in Australia, has said it will decline or temporarily hold certain payments to cryptocurrency exchanges, citing the risk of scammers. The move...

1 year ago

Jón Helgi Egilsson, a former chairman of the Icelandic central bank, urged his former counterparts to "embrace competition" on CBDCs.

Central Banks Should Not Dominate CBDCs, Says an Ex-Central Banker

As central bankers all over the world consider issuing their own digital currency, coined CBDCs, a former member of the fold has argued that they should leave it up to the industry. J&...

1 year ago