Banking
OCC gives green light for banks to custody digital assets
The OCC clarifies that US banks can engage in crypto activities without prior approval, including custody services and stablecoin operations.
Christina Comben 2 min read Banking News
Follow crypto banking news, de-risking, stablecoin rails, fintech partnerships, and how traditional finance is adapting to digital assets.
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Christina Comben 2 min read 
CBDCs
Israel joins global CBDC discussions with digital shekel proposal
The Bank of Israel is exploring a multipurpose digital shekel amid ongoing public consultations and technical trials.
Banking
Revolut faces investor pressure for share sale before $1B profit report
Revolut's profits are up roughly 83% in 2024, according to sources familiar with the matter.
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Stablecoins
French banking giant SocGen’s unit to expand its euro-backed stablecoin to Stellar
SG-FORGE said it chose Stellar due to several advantages, including its high scalability, fast settlement times, and low transaction fees.
Banking
ECB eyes blockchain-based payment settlement layer
The initiative could serve as a precursor to the introduction of the digital euro, ECB's central bank digital currency plan.
ETF
BNY Mellon discloses $13 million Bitcoin ETF exposure amid to Wallstreet’s cautious crypto push
BNY Mellon's foray into Bitcoin ETFs reflects Wall Street's cautious yet growing integration into the digital asset realm amid evolving regulatory landscapes.
Adoption
State Street and Citi reportedly eyeing crypto custody services
State Street will roll out its services next year, while Citi is already diving deeper into crypto.
Stablecoins
Tether refutes JPMorgan’s suggestion it will sell Bitcoin to navigate regulation
Tether dismisses concerns over regulatory compliance, boasts $20 billion liquidity surplus to adapt easily.
ETF
JPMorgan increases crypto holdings via ETFs, but stays cautious at $1 million
Despite a 69% increase in Bitcoin exposure, Ethereum-related ETF shares grew by less than $10,000.
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Banking
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CBDCs
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CBDCs
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Banking