UBS, the global private banking giant, announced on November 1 the launch of its tokenized investment fund. The fund is called “UBS USD Money Market Investment Fund Token” or “uMINT”. In a press releaseUBS explained that it is an investment instrument in money markets and that is based on the Ethereum network ecosystem. The institution … Read more
The ECB, the FED and the IMF reflect fear and lack of understanding about the potential of Bitcoin. El Salvador moves forward with Bitcoin, challenging the status quo, as the IMF seeks to limit its advance. In recent days, Bitcoin has once again come under intense scrutiny from prominent institutions in the traditional banking and … Read more
The purchase, sale, transfer and custody of the assets will be in the hands of the bank. The service allows the use of USDT on an expanded basis in Bolivia, according to the bank. Banco Bisa, the fourth largest bank in Bolivia, announced the incorporation of a service for cryptocurrencies, specifically with USDT, Tether’s stablecoin. … Read more
On January 1, 2025, the Regulation for the Cryptoasset Market (MiCA) will come into force in the European Union (EU) and Spanish banks are already getting ready to offer services related to cryptocurrencies. As reported during the Merge Madrid event, which took place in Spain from October 8 to 10, there are several Spanish banks … Read more
“The IMF and the World Bank are not fulfilling their role,” said the Russian Finance Minister. The BRICS want new organizations that are not controlled by the global financial system. As part of the mechanisms that will distance them from the US dollar, the BRICS plan to create institutions similar to the International Monetary Fund … Read more
Offers may be applied to bonds with a maturity date between 2027 and 2052. This is a public and voluntary buyback, highlighted the Salvadoran head of state. El Salvador announced that from October 4 to October 10, holders of El Salvador bonds, with maturities between 2027 and 2052, will be able to make offers to … Read more
They have not decided whether the asset will be backed by deposits, market funds or fiat currencies. BBVA is part of a Visa sandbox created to help launch tokenized assets. BBVA, the Spanish banking giant, announced plans to launch its own stablecoin with the backing of Visa, according to Francisco Maroto, director of digital assets … Read more
The Swift system announced through its official website that it will conduct “live” testing with digital assets starting next year. These tests will focus on banks in North America, Europe and Asia, allowing the execution of pilot transactions for the settlement of digital assets and currencies. Starting in 2025, financial institutions will be able use … Read more
Key facts: Visa wants to help digitize and automate processes for exchanging real-world assets. The platform will allow banks to purchase tokenized assets such as commodities and bonds. Visa announced the launch of the Visa Tokenized Asset Platform (VTAP), a solution designed to enable banks to issue fiat-backed tokens on the Ethereum network. This initiative … Read more
Bank of New York Mellon (BNY Mellon), the oldest bank in the United States, announced its plan to implement custody services for bitcoin (BTC) and ether (ETH), specifically for exchange-traded fund (ETF) investors. This development represents a milestone in the adoption of cryptocurrencies by traditional financial institutions. The BNY Mellon’s decision is based on a … Read more