Former BigPay, Monzo, and VP Bank executives launch Pave Bank, poised to revolutionize banking with a focus on programmable money. Pave Bank, the world’s first programmable bank, has officially launched, aiming to reshape the global financial landscape with a seamless fusion of traditional finance and digital assets. The bank, founded by former executives from BigPay, […]
The International Monetary Fund (IMF), the World Bank, the Bank for International Settlements (BIS), and Switzerland’s central bank have joined forces to explore the concept of tokenization. The collaboration aims to leverage tokenization technology to streamline financial processes and enhance global economic development. Tokenization involves converting traditional financial assets into unique digital tokens, enabling faster […]
Two financial titans, JPMorgan Chase and Apollo, have revealed their collaborative efforts to establish an enterprise mainnet through the Monetary Authority of Singapore’s (MAS) Project Guardian pilot project. This pioneering initiative aims to test and enhance digital assets for more efficient investment and management of discretionary portfolios, addressing challenges related to automated portfolio rebalancing and […]