Standard Chartered Launches 24/7 Tokenized Deposits in Hong Kong
Standard Chartered’s Hong Kong service brings bank deposits into 24/7 treasury and fund-settlement workflows through the HKMA’s EnsembleTX infrastructure.
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BIS research links higher bank deposit rates to slower stablecoin growth, especially for USDC, while stopping short of proving an aggregate deposit drain.
MUFG, Mizuho and SMBC completed a joint yen stablecoin payment pilot, testing issuance, transfers and redemption ahead of planned commercial use.
Deutsche Bank expects to launch crypto custody in Germany within weeks and expand to Asian financial centres in 2027, according to its corporate banking co-head.
Payward’s Saldo Bank deal would add European deposits, credit and cards to Kraken’s parent group, with closing expected in 2027 pending approval.
Wells Fargo CEO Charlie Scharf says the bank is preparing for potential stablecoin opportunities while expanding a separate tokenized-deposit service.
South Korea’s Jeonbuk Bank has completed a Bitcoin-backed corporate loan pilot, with specialist custody and a court-based recovery structure.
Standard Chartered plans Singapore custody for cryptocurrencies, stablecoins and tokenized assets, extending its institutional digital asset network.
Wells Fargo is discussing a potential crypto trading liquidity arrangement with Kraken parent Payward, CoinDesk reports. A final deal remains unconfirmed.
South Africa’s FNB now offers five crypto assets from R10 through its investment platform with VALR, but customers cannot transfer tokens in or out.
Coinbase’s Liz Martin says institutional crypto demand is growing as regulatory clarity improves, while Citi and community banks build digital asset services.
Rain seeks an OCC charter for institutional custody and stablecoin services through a separate US trust bank. Approval remains pending.
Bank of North Dakota’s Roughrider Coin is the first live deployment on Fiserv’s digital asset platform, with VersaBank handling issuance and reserves.