By Francisco Rodrigues from CoinDesk BNY, the world’s largest custody bank, plans to support round-the-clock settlement of conventional and tokenized U.S. Treasuries in 2027, after completing an after-hours trade involving the reserves of 2 stablecoin issuers. The bank will test tokenized Treasuries on a private blockchain by the end of the year and will extend
By Olivia Stephanie from crypto.news Swiss cantonal bank BancaStato has launched regulated cryptocurrency trading through a new integration with Sygnum and banking technology provider Avaloq. Clients can now buy, hold and sell Bitcoin, Ethereum, Litecoin and Solana from the bank’s existing web and mobile applications. The service connects Sygnum’s business-to-business digital asset infrastructure directly with
By Olivia Stephanie from Crypto.News Circle has signed separate memorandums of understanding with Kakao Group and South Korean fintech operator Toss to explore stablecoin payments, blockchain settlement and digital asset infrastructure in South Korea. The agreements bring Circle’s USDC and payment technology into discussions with some of Korea’s largest consumer finance platforms. Kakao, Kakao Pay
By Olivia Stephanie from Crypto.News Japan could launch its first Bitcoin exchange-traded fund as early as 2028 as regulators prepare rules that would allow investment trusts and ETFs to hold crypto assets directly. A July 23 Nikkei report said the Financial Services Agency plans to revise investment-fund rules after lawmakers approved amendments that bring crypto
By Will Canny from CoinDesk Kraken has launched cash-settled bitcoin and ether options, positioning the product as the first step in a broader push to grow, rather than simply compete for, the crypto options market. The exchange on Thursday introduced European-style, USD-settled options on bitcoin and ether through Kraken Pro, initially via request-for-quote (RFQ). The
By Olivia Stephanie from crypto.news Japanese logistics group AZ-COM Maruwa Holdings plans to introduce the yen-backed JPYC stablecoin for payments to about 2,300 partner carriers and independent drivers, according to a Nikkei report. AZ-COM Maruwa brings JPYC into logistics payments AZ-COM Maruwa Holdings operates third-party logistics, transportation, warehousing and delivery services in Japan. Its planned
By Lawrence Mondal from crypto.news OKX Europe has opened a one-way conversion route across 30 EU and EEA countries, allowing customers to deposit USDT and exchange it for MiCA-compliant USDC. According to an OKX announcement, eligible customers can send Tether’s USDT to their OKX Europe accounts before converting the tokens into Circle-issued USDC. OKX also
By Olivia Stephanie from crypto.news Citadel Securities has invested $400 million in Crypto.com, valuing the digital asset platform at $20 billion in its first institutional funding round. The deal brings together a leading U.S. market maker and one of the world’s best-known crypto exchanges. Crypto.com announced the investment on July 16. The company said it
By Rony Roy from Crypto.news The United States Senate returned from its holiday recess on July 13 with one piece of paper waiting on its desk that matters more to crypto markets than any price chart. The Digital Asset Market Clarity Act, the market structure bill the industry has chased for the better part of
By Olivia Stephanie from crypto.news American Bitcoin shares have fallen more than 95% from their peak, according to Bloomberg, cutting over $600 million from the value of Eric Trump’s roughly 6% stake. The Bitcoin miner and treasury company reached a record low on Wednesday after months of selling pressure. ABTC closed at $6.13 on July
