Key Highlights BitGo has introduced Stablecoin-as-a-Service, a regulated stablecoin issuance solution for banks, fintechs, and corporations. The offering combines custody, reserve management, minting, burning, and compliance tools through an existing infrastructure framework. Institutions remain responsible for their own legal and compliance reviews, with the service designed to align with U.S. licensing frameworks such as the ...
Key Highlights Ripple has announced two new partnerships aimed at expanding services for global financial institutions, headlined by an alliance with brokerage platform DriveWealth. DriveWealth will integrate Ripple’s stablecoin infrastructure, utilizing RLUSD on the XRP Ledger for transaction settlements across Europe before expanding into the United States. The collaboration covers cross-border funding through Ripple Payments ...
Key Highlights: Digital asset custody firm BitGo is rolling out a new institutional service designed to bolster stablecoin management and regulatory compliance. Broader crypto market participants are displaying cautious optimism toward institutional infrastructure innovations despite varied short-term market momentum. Market analysts and traders are monitoring how BitGo’s offering will affect institutional stablecoin adoption rates and ...
Key Highlights: Jeonbuk Bank is rolling out corporate bitcoin-backed lending by leveraging revised Civil Enforcement Rules that permit court-ordered recovery without requiring the bank to hold direct custody of the digital assets. The South Korean lender established a digital-asset valuation model and ran stress tests on bitcoin, choosing the cryptocurrency for its high market capitalization, ...
Key Highlights: Ripple is advancing efforts to establish its $RLUSD stablecoin as a key settlement and collateral asset across institutional trading systems. Following a $150 million financing deal with LMAX in January, Ripple aims to integrate $RLUSD directly into collateral infrastructure rather than restricting it to spot settlement. Global banking giant Standard Chartered continues its ...
Key Highlights: Standard Chartered provides digital asset custody services to eligible corporate clients via its Dubai International Financial Centre (DIFC) branch. The bank is collaborating with Ripple and LMAX Group to enable Ripple’s $RLUSD stablecoin to serve as collateral under its Collateral Mirroring model. The initiative allows institutional investors to access trading liquidity and mitigate ...
Key Highlights The CFTC and SEC are advancing independent regulatory initiatives addressing leveraged retail crypto trading, registration, and institutional custody. A regulatory gap persists for unleveraged spot trading, which continues to sit outside comprehensive federal supervision despite anti-fraud enforcement powers. Market participants view the proactive regulatory agency approach as a near-term catalyst driving mergers, acquisitions, ...
Key Highlights: The XRP Ledger has launched the PermissionDelegationV1_1 feature, enabling protocol-level authority delegation for institutional users. The system allows financial institutions to keep master keys in cold storage while granting limited, role-specific operational permissions to everyday accounts. Activated after securing the required 80% validator consensus, the functionality operates natively without relying on smart contracts ...
Key Highlights: Hardware wallet manufacturer Ledger has opened an investigation into reports of unauthorized crypto asset transfers targeting users in Southeast Asia. On-chain data indicates that hundreds of cryptocurrency wallets may have been compromised in the incident. The company is actively looking into the origin and mechanism of the reported asset drainage to determine the ...
Key Highlights Standard Chartered plans to launch digital asset custody services in Singapore covering selected cryptocurrencies, stablecoins, and tokenized real-world assets. The service will cater strictly to institutional and accredited corporate clients under the bank’s financing and securities-services division, subject to regulatory approvals. This initiative marks an expansion of Standard Chartered’s digital asset footprint beyond ...
Key Highlights: Stablecoin payments platform Rain has submitted an application to the Office of the Comptroller of the Currency (OCC) for a national trust-bank charter. Operating as a New York subsidiary named Rain National Trust bank, the proposed entity plans to provide fiduciary digital asset and dollar custody, stablecoin reserve management, and institutional token issuance ...
Key Highlights: Stablecoin infrastructure firm Rain has filed an application with the OCC to form Rain National Trust Bank, a New York-headquartered national trust bank. Led by proposed CEO Brandon Soto, the entity would hold institutional assets in fiduciary custody and support dollar-backed stablecoin issuance under the $GENIUS Act without offering retail loans or taking ...