News list for " Asset Bank"
According to Businesswire, Telcoin announced that it has received a final concession license from the Nebraska Department of Banking and Finance to launch the first digital asset depository in the United States, the Telcoin Digital Asset Bank. The concession allows Telcoin to directly connect US bank accounts to regulated "digital cash" stablecoins. Its flagship product, eUSD, will be the first bank-issued, on-chain US dollar stablecoin. It is also the first bank license explicitly authorizing t...
Pave Bank raised $39 million in a Series A round led by Accel and joined by Tether Investments, Wintermute and others. Pave Bank, a commercial bank that aims to serve clients with both fiat and digital asset needs, is licensed in Georgia and said it would use the funds to "expand regulatory reach, accelerate product development, continue to build institutional-grade infrastructure and expand its customer reach in global markets".
Telcoin completed a $25 million pre-Series A funding round to launch Nebraska's first digital asset bank. The bank has received regulatory approval and will begin operations by the end of 2025. It will launch a dollar-pegged eUSD stablecoin focused on payments and cross-border money transfer services. Telcoin integrates blockchain, telecommunications and banking.
Sygnum, a Swiss digital asset bank, has announced a partnership with the Sui Foundation to officially offer institutional clients custody of SUI and spot and derivatives trading services. SUI pledging will be launched in the coming weeks, and SUI-backed loans will be launched in the fourth quarter.
Digital asset banking group Sygnum announced the completion of a $58 million strategic growth round of financing, with a post-money valuation exceeding $1 billion. This round of financing was led by Fulgur Ventures, a venture capital institution specializing in bitcoin technology. New and old investors and company employees participated together, and the founding team still maintained a controlling position. The funds will be mainly used for European Union/European Economic Area market expansion...
On November 5, Sygnum, a digital asset banking group, announced the transformation of its Yield Core AMC, a product that invests in cryptocurrency income generation strategies, including lending, financing arbitrage, and liquidity provision, into a Luxembourg Retained Alternative Investment Fund (RAIF) structure. The shift, aimed at expanding the fund's international distribution potential, enhancing investor protection and strengthening its "risk-reward profile", has been embraced by 99 per cen...
On September 23rd, according to CoinDesk, a subsidiary of digital asset banking group Sygnum has obtained a crypto asset service provider (CASP) license in Liechtenstein. This registration allows Sygnum to provide regulated digital asset services, including brokerage, custody, and banking, to the European Economic Area (EEA) under the European Union's Crypto Asset Markets Act (MiCA). The move marks Sygnum's plans to expand into the European Union market, joining companies such as Coinbase and Ci...
The Basel Committee has released an update to the compliance rules for crypto-asset banks. It has also released its final disclosure framework. The rule changes appear to be relatively minor compared to previous plans. In its latest consultations, the committee has threatened to...
Digital asset bank Custodia is appealing after a judge's ruling in a U.S. court in Wyoming found that the bank is not entitled to a master account in the Federal Reserve System. Custodia has been trying to get that authority for years, but Judge Scott Scavdahl said in his March judgment that the Federal Reserve Bank has the discretion to decide whether to grant a master account. Lawyers for Custodia appeared in...
