Bank of America Advises Allocating 1-4% of Portfolios to Cryptocurrencies
Bank of America, one of the largest banks in the U.S., advises institutional clients to allocate 1% to 4% of their portfolios to digital assets.The spread and regulation of cryptocurrencies and blockchain technology in the banking industry and fintech applications.
Bank of America Advises Allocating 1-4% of Portfolios to Cryptocurrencies
Bank of America, one of the largest banks in the U.S., advises institutional clients to allocate 1% to 4% of their portfolios to digital assets.
Polygon Executive Predicts Emergence of 100,000 Stablecoins by 2029
The global rise of stablecoins will compel traditional banks to fight to retain capital and rethink their business models, according to a Polygon executive.
JPMorgan Introduces JPM Coin on Base Blockchain
JPMorgan Chase & Co has begun implementing the deposit token JPM Coin (JPMD) for institutional clients, according to Bloomberg.
JPMorgan and DBS to Launch Blockchain System for Interbank Transfers
DBS and JPMorgan's Kinexys are collaborating on a platform for interbank transfers of tokenised assets, supporting multiple blockchains.
Coinbase Dismisses Banks’ Concerns Over Stablecoins as Overblown
The fear among American banks that stablecoins will "absorb" their deposits is unfounded and overlooks the actual potential uses of these assets.
Coinbase to Assist Citi in Integrating Stablecoin Payments
Investment bank Citi, in partnership with Coinbase, will explore the potential for implementing stablecoin payments for corporate clients, according to Bloomberg.
Japanese Megabanks to Launch Joint Stablecoin, Reports Nikkei
Japan's three largest banks by market capitalization are joining forces to issue stablecoins tied to fiat currencies such as the yen and the US dollar, according to Nikkei.
Chinese Bank Tokenizes $3.8 Billion Fund on BNB Chain
The Hong Kong branch of China Merchants Bank has tokenized a money market fund with assets worth $3.8 billion on the BNB Chain.
French Bank ODDO BHF to Launch Euro-Backed Stablecoin
Founded 175 years ago, the French bank ODDO BHF has announced the launch of the EUROD stablecoin, pegged to the euro, on the Polygon network.
Visa to Integrate Stablecoins into Visa Direct Platform
Visa will launch a pilot project for prepayments in stablecoins through its Visa Direct service. The initiative aims to expedite international transactions for businessesWe use cookies to improve the quality of our service.
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