The attitude of banks has evolved thanks to a more permissive legal environment.
The intensive purchase of BTC by large companies has also aroused bank interest.
The global financial sector is going through deep changes. Many banking institutions, formerly rejected to cryptocurrencies, are beginning to incorporate them into their services or at least consider it, driven by the high demand of their clients and a constantly evolving regulatory environment.
Thus, given the pressure of new technologies and the competition of the Fintech, The big banks have revalued the sector as a competent land in which to innovatewhich has opened the door to different strategic alliances.
For example, PNC Bank, one of the US financial giants, announced yesterday its association With Coinbase, one of the world’s best trade cryptoactive platforms. This alliance seeks to combine its experience in financial services, with the technological infrastructure of the exchango born in San Francisco.
In Europe, at the beginning of July, BBVA took a key step upon receiving regulatory approval for launch Bitcoin (BTC) and Ethher (ETH) in Spain. This advance, backed by the Mica regulations of the European Union, allows you to integrate these services directly into your mobile app, providing your customers with a simple and centralized experience.
In addition, the National Securities Market Commission (CNMV) of Spain confirmed to cryptonotics that in the coming weeks will authorize new requests of banks interested in offering services with cryptocurrencies. According to the agency, several entities are in the process of processing, and the approvals will be publicly announced once this process is completed.
For its part, JP Morgan, the largest bank in the United States, is exploring a different but equally disruptive approach: Offer loans backed by assets such as BTC and ETH.
As Cryptonotics reported, this service, which could be launched in 2026, is designed for “Hodlers”, those investors who prefer to keep their digital assets in the long term but seek liquidity without selling their currencies.
In addition, the Bank is considering accepting investment funds quoted in the stock market (ETF) of Bitcoin, such as Blackrock’s Ishares Bitcoin Trust, as a guarantee for loans. This movement highlights the growing legitimacy of cryptoactive in traditional finances.
In Asia, the Japanese group Mitsubishi UFJ Financial Group (MUFG) – a financial holding company that supervises several subsidiaries including banks -, together with its partners Sumitom Innovative platform called Progmat, which has established itself as the main engine of real estate tokenization in Japan.
This platform specializes in the issuance of security tokens (Security Tokens) linked mainly to large real estate properties.
Another example is that of Standard Chartered, which has gone from caution to determined action. The British company claims to have become this month into The first systemically important global bank in offering operations to the cash of Bitcoin and Ether to institutional clients, using their traditional trading platforms to facilitate access to these markets.
The bank offers cryptoactive custody, tokenization of digital assets and access through its linked companies, such as Zodia Custody, Zodia Markets and Liberara.
More flexible regulation and corporate purchases attract bank interest
The change in the position of the banks is also driven by a more friendly regulatory environment, in the midst of Bitcoin rise that this month reached a new historical maximum price of $ 122,000 (USD).
In the United States, the Federal Reserve (FED) eliminated in April several restrictions that limited banking activities with cryptoactive. This turn, backed by the most open approach to the current Donald Trump government, has given companies such as JP Morgan confidence to explore new services.
In addition, From the US (Guonding and Establishment National Innovation for Us Stablecoin), a legislation that establishes a clear regulatory framework for the stablecoins backed by dollars, demanding that they have liquid and transparent reserves, as effective or treasure bonds.
In parallel, the Clarity bill, which defines more precision which digital assets should be considered should be considered in the House of Representatives Securities (values) or Commoditiesthus delimiting the jurisdiction of the SEC and the CFTC.
Both legislative advances, promoted by a determined administration to position the US as a leader in financial technology, consolidate a drastic change regarding the most restrictive approach to the previous government.
It should be mentioned that The massive accumulation of Bitcoin by companies such as Strategy and Metaplanet is also accelerating change of perception of decentralized finances. Under the tutelage of Michael Saylor, Strategy has turned the accumulation of BTC into its key corporate strategy, investing billions of dollars since 2020.
For its part, Metaplenet, a Japanese firm, has adopted a similar strategy, buying significant amounts of Bitcoin to diversify its assets and protect against inflation. To this trend has also joined from Latin America this week Grupo Murano (MRNO), a real estate firm of Mexico that lies in Nasdaq.
