10 articles tagged with #blockchain-banking. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.
Chainlink has partnered with Korean and European banks to launch Project Pangea, a blockchain initiative enabling real-time settlement of euro-won stablecoin transactions. The project aims to streamline cross-border payments, reduce settlement risks, and integrate distributed ledger technology with traditional banking infrastructure.
Anchorage, a crypto-focused bank, has launched a tokenized deposit platform designed to enable traditional financial institutions to offer continuous payments and settlement services while maintaining their existing infrastructure. This initiative aims to bridge traditional banking and blockchain technology without requiring banks to overhaul their core systems.
South Korea's central bank and participating financial institutions are advancing plans for deposit tokens toward full-scale deployment, moving beyond pilot phases. The initiative aims to establish operational frameworks for continuous token-based deposit systems, signaling growing institutional acceptance of blockchain-based financial infrastructure in Asia.
DeFi lending protocol Morpho has raised $175M in funding led by prominent venture firms Paradigm and a16z, pushing its valuation toward $2B. This significant capital infusion reflects growing institutional confidence in decentralized finance and signals accelerating mainstream adoption of blockchain-based financial infrastructure.
Evernorth, a Ripple-backed XRP treasury company, reports daily XRP Ledger transactions have tripled to 3 million, with real financial institutions including Braza Bank and European banks now conducting regulated operations on the network. The firm plans to go public via NASDAQ merger and offer institutional investors easier access to XRP holdings through traditional equity structures rather than direct blockchain interaction.
SoFi has launched SoFiUSD, a regulated stablecoin available to its members across Ethereum and Solana blockchains. This move represents a significant step toward integrating traditional banking infrastructure with blockchain technology.
Ondo Finance, Kinexys by J.P. Morgan, Mastercard, and Ripple have successfully completed the first near real-time cross-border redemption of tokenized US Treasuries using the XRP Ledger as the settlement blockchain. This landmark transaction directly integrates public blockchain infrastructure with traditional banking systems, potentially establishing a new use case for XRP in institutional financial settlements.
Swiss crypto bank AMINA has obtained FINMA regulation to offer custody and trading services for Canton Coin, marking the first regulated institutional access to the Canton Network blockchain. This integration bridges decentralized capital markets infrastructure with traditional banking oversight, enabling institutional clients to interact with blockchain-based financial systems through a compliant intermediary.
HSBC has successfully completed a pilot of its Tokenized Deposit Service on the Canton Network, enabling corporate clients to convert traditional fiat deposits into digital assets. This milestone represents a significant step in mainstream financial institutions adopting blockchain infrastructure for enterprise-grade financial services.
Canadian bank VersaBank has expanded its tokenized deposit platform to include USD-CAD currency conversion capabilities. This development enables real-time cross-border transactions and represents progress in blockchain-based settlement systems for traditional banking.
