Banking News

Fresh report from Web3 marketing agency Formula shows over 170 banks turning Web3 from pilots to profit, as clearer rules and tokenization push custody, payments and stablecoins mainstream.

High stablecoin market growth in 2025 signals a $1.9 trillion base case and a $4 trillion bull case by 2030, Citi's analysts said.

Cryptocurrencies are where the blockchain industry is today, “but tokenization is where it’s going next,” Chainlink’s co-founder Sergey Nazarov told Cointelegraph.

UBS, Sygnum Bank and PostFinance completed a blockchain study proving the technology’s efficacy for bank deposits and institutional payment infrastructure.

Caixin removed a report claiming Chinese regulators are preparing to restrict mainland state-owned enterprises and banks from pursuing stablecoin and crypto initiatives in Hong Kong.

Ripple will provide crypto custody services to Spain’s BBVA bank, expanding its existing partnership amid MiCA-driven adoption by European banks.

Citi’s Ronit Ghose warned that paying interest on stablecoin holdings could trigger bank outflows akin to the 1980s, driving up funding costs and credit prices.

CBDCs threaten more central bank control over money, including potential expiry dates on personal savings, Bitcoin Policy UK’s CEO said.

State Street, one of the world’s top three asset managers, can now custody blockchain-based debt securities for institutional clients.

Crypto advocacy groups accuse Wall Street bankers of trying to tilt stablecoin rules in their favor, warning Congress against changes to the GENIUS Act.

The Federal Reserve vice chair for supervision, Michelle Bowman, said the central bank should roll back its restrictions that ban staff from buying crypto.

The Banking Policy Institute wants lawmakers to further fine-tune the GENIUS Act to prevent any possibility of interest-bearing stablecoins.

A China Merchants Bank subsidiary launched a Hong Kong-based crypto exchange for professional investors after securing a virtual asset service provider license.

The Bank for International Settlements floated a compliance score for crypto-to-fiat off-ramps, using transaction history to flag and potentially freeze “tainted” assets.

Over 80 crypto and fintech executives asked the Trump administration to stop banks from levying data access fees, which threaten their business models.