While tokenization could offer numerous benefits for the financial system and broader economy, costs and risks also need to be considered. New BIS report highlights four key considerations for central banks: private sector initiatives; trade-offs between different types of settlement assets; sound regulation, supervision and oversight for tokenization; and the impact on monetary policy implementation. […]
Standard Chartered has launched its digital asset custody service in the United Arab Emirates (UAE), marking a significant step in the bank’s expansion into the digital asset sector. Brevan Howard Digital, the digital asset division of the British hedge fund Brevan Howard, is the first client to use this new service. The custody offering, which […]
BBVA has announced the integration of USD Coin (USDC), a leading stablecoin pegged to the U.S. dollar, into its cryptocurrency custody and trading services in Switzerland. This move aims to enhance the bank’s digital asset offerings for institutional clients, providing them with faster and more efficient trading options through blockchain technology. USDC, launched by Circle […]
