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A euro stablecoin is being issued by one of the oldest banks in the world and it’s being done on the Stellar blockchain network.Announced Wednesday, Germany’s Bankhaus von der Heydt (BVDH), established in 1754, is working with tokenization and digital asset custody technology provider Bitbond for the first direct issuance
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SIX will join Swisscom and Sygnum in a new venture aimed to enable Swiss banks to offer digital assets to their customers. Source
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Citigroup Inc (NYSE: C) CEO Michael Corbat recently revealed that the bank has been partnering with central banks globally to build Central Bank Digital Currencies.While CBDCs have gained wild popularity in the past two years, Citigroup CEO predicted their rise during Bitcoin’s 2017 epic surge. At the time, he observed
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The approved digital banks will be able to start operating from Singapore in early 2022. Source
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Stripe will now offer debit cards, bank accounts and other products to online merchants and vendors who use its payment processing platform.American financial services provider and also software as a service (SaaS) company, Stripe Inc has teamed up with some of the leading financial institutions to provide banking as a
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China Construction Bank, the world’s second-largest bank by assets, is cooperating with Malaysian and Singaporean partners to test blockchain technology for use in the bond market.As previously reported, China Construction Bank’s branch in Labuan, Malaysia, had initially pursued a partnership with a Labuan-based fintech firm to issue what was hailed
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The central banks of Saudi Arabia and the United Arab Emirates (UAE) have concluded a digital currency (CBDC) pilot, finding that distributed ledger technology can improve cross-border transactions and meet the demands of financial privacy in a purely digital context. In a 93-page overview of the “Aber” project, the two central
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Central banks from two of the most powerful economies in the Middle East released today a report on a yearlong joint central bank digital currency (CBDC) project — and results speak glowingly of blockchain technology. First announced in January of 2019, Project Aber was a joint effort between the United Arab
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The tokenization of securitized debt has long been described as one of the more practical use cases for blockchain technology. Blockchain’s ability to fractionalize assets and to settle transactions via its open ledger nearly instantly addresses major pain points of securitization: high buy-in thresholds that exclude some investors as well
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Libra was the final wake-up call for central banks that prompted serious consideration of digital currency issuances, according to Benoit Coeure, head of the Innovation Hub at the Bank for International Settlements (BIS).In an interview with French newspaper L’Express published on the BIS website Friday, Coeure acknowledged central banks had
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