Category: Banks

State Street to provide tech for institutional Bitcoin trading platform

State Street to provide tech for institutional Bitcoin trading platform

Currenex, a State Street-owned FX platform, will provide its infrastructure for the Pure Digital cryptocurrency exchange. 6130 Total views 27 Total shares State Street, the second-oldest operating bank in the United States, is moving into the cryptocurrency industry by agreeing to provide its technology for a new crypto trading platform. Currenex, a foreign exchange technology […]

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Citi and IADB complete cross-border payment pilot with blockchain tech

Citi and IADB complete cross-border payment pilot with blockchain tech

IADB disbursed tokenized funds to a recipient in the Dominican Republic using the LACChain blockchain network. 2468 Total views 25 Total shares Banking giant Citigroup has successfully completed a proof-of-concept for blockchain-based cross-border payments in collaboration with the Inter-American Development Bank, or IADB. According to a Thursday announcement, Citigroup’s Citi Innovation Labs and the IADB […]

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Bahamas’ Sand Dollar nears commercial rollout as interoperability completed

Bahamas’ Sand Dollar nears commercial rollout as interoperability completed

Following cybersecurity assessments, commercial institutions are being cleared to issue the world’s first CBDC: the Bahamas’ Sand Dollar. 2119 Total views 29 Total shares The Central Bank of the Bahamas has announced that its central bank digital currency, the Sand Dollar, is expected to achieve full interoperability between its various wallet providers within the week. […]

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Bitcoin is now ‘too important to ignore’, Deutsche Bank says

Bitcoin is now ‘too important to ignore’, Deutsche Bank says

Global banking giant Deutsche Bank expects governments to start regulating Bitcoin by the end of 2021. 13886 Total views 134 Total shares Bitcoin’s (BTC) market capitalization of $1 trillion and potential for continued growth have made the cryptocurrency “too important to ignore,” according to Deutsche Bank analysts. Deutsche Bank Research, the financial research subsidiary of […]

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