The leading Singaporean digital asset trading platform, Crypto.com, has announced a partnership with Deutsche Bank, a German-based multinational investment bank and financial services company, to offer banking services to users in select countries. According to an official release, Crypto.com’s corporate banking services will be available to customers in Singapore, Australia, and Hong Kong for starters. The crypto exchange and banking entity intends to expand the reach of the...
Read More »Asset Manager DWS Plans to Release First EUR Stablecoin by 2025
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Read More »EZB beteiligt Gruppe Börse Stuttgart als einzigen europäischen Börsenbetreiber an EU-weiten Blockchain-Tests
EZB beteiligt Gruppe Börse Stuttgart als einzigen europäischen Börsenbetreiber an EU-weiten Blockchain-Tests Erprobung von Marktinfrastruktur für tokenisierte Wertpapiere // Direkte Abwicklung auf der Blockchain mit sechs Partnerbanken und Bundesbank Als einziger Börsenbetreiber in Europa hat sich die Gruppe Börse Stuttgart erfolgreich für die zweite Welle der EU-weiten Tests der Europäischen Zentralbank (EZB) beworben, in denen die Abwicklung von Blockchain-basierten...
Read More »Bitpanda and Deutsche Bank Take their Relationship to the Next Level
Bitpanda, one of the leading European crypto trading and brokerage platforms has announced that it has deepened its relationship with Deutsche Bank. The latest development allows the Austrian crypto platform to offer a better experience to its users, especially those in Germany. The relationship between Bitpanda and Deutsche Bank is not exactly new. Deutsche Bank has been acting as the former’s European Hausbank for cross-currency solutions in Austria and Spain for a while now. The latest...
Read More »Bitpanda Strengthens Deal with Deutsche Bank for Real-Time German Payments
Austrian crypto broker Bitpanda has expanded its partnership with Deutsche Bank to implement real-time payment solutions for user transactions in Germany. Through an API integration, Bitpanda will gain access to German IBAN accounts, streamlining the deposit and withdrawal process for German users. Bitpanda’s German IBAN Integration International Bank Account Numbers (IBANs) are internationally agreed codes that identify bank accounts across national borders. They provide a...
Read More »German Asset Manager DWS to Issue Euro Stablecoin Along with Galaxy
To uphold the token’s value, stablecoin issuers often reserve cash or liquid assets. Amid rising interest rates, DWS is poised to manage the reserves for the new stablecoin. Deutsche Bank’s DWS Group, along with Dutch market maker Flow Traders Ltd. and crypto fund manager Galaxy Digital Holdings Ltd, is set to establish a new entity named AllUnity. The primary objective of AllUnity is also to issue a euro-denominated stablecoin, aiming to foster wider acceptance of tokenized assets in...
Read More »HSBC and Ripple’s Metaco to Launch Tokenized Securities Custody Service for Institutional Clients
HSBC, which is one of the largest banks in the world, revealed that for now, its custody plans involve “tokenized securities issued on third-party platforms.” HSBC Holdings (LSE: HSBA), in partnership with Ripple Labs subsidiary Metaco, has announced plans to launch a digital assets custody service for institutional clients. The service will offer custody for assets such as tokenized securities and is expected to launch next year. It will complement HSBC’s Orion digital assets issuance...
Read More »Deutsche Bank and Standard Chartered Begin Testing UDPN
As blockchain technology continues to mature, Deutsche Bank and Standard Chartered’s initiative offers a promising vision of the financial world’s future. German banking giant Deutsche Bank (ETR: DBK) and Standard Chartered’s SC Ventures have begun testing the UDPN, a system that promises to ensure seamless communication and interoperability between various digital assets, stablecoins, and Central Bank Digital Currencies (CBDCs). Deutsche Bank and Standard Chartered Now Testing the Waters...
Read More »Deutsche Bank Shares Jump 7% as Q3 2023 Revenue Beats Expectations
Thanks to its stellar financial performance in the third quarter, the bank has raised its full-year outlook for 2023. Shares of German banking giant Deutsche Bank (ETR: DBK) surged by a remarkable 7% on Wednesday morning following the company’s stellar Q3 2023 performance that exceeded market expectations. Despite an 8% decline in net profit compared to the previous year, the bank’s Q3 2023 net profit of €1.031 billion surpassed the €997 million analysts earlier predicted. Its strong...
Read More »Standard Chartered’s SC Ventures and Deutsche Bank Make History with UDPN
To demonstrate the potential of UDPN, Standard Chartered’s SC Ventures and Deutsche Bank conducted a trial. Standard Chartered’s SC Ventures and Deutsche Bank have achieved a significant milestone by completing the first Proof of Concept (PoC) for the Universal Digital Payments Network (UDPN). This groundbreaking initiative aims to revolutionize the way digital payments are conducted by connecting payments across various Central Bank Digital Currency (CBDC) and blockchain networks, using a...
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