News list for "Trust Company"
On October 11, a number of trust industry sources revealed that they have recently received a notice to investigate whether an internal system has been developed in accordance with the "Notice on Regulating the Bond Trading Business of Bond Market Participants", and whether the amount of reverse repurchase exceeds the limit. A person from the trust industry's standard product business department revealed that he recently received a regulatory notice requiring investigation and feedback on two si...
Coinbase (ticker: COIN) said in a statement that it is applying to the Office of the Comptroller of the Currency (OCC) for a national trust company license. Greg Tusar, vice president of institutional products at Coinbase, said in a statement: "The OCC license will simplify the regulation of new products and foster continuous innovation to integrate digital assets into traditional finance. We are not the first cryptocurrency company to apply for a federal license, and we will not be the last." T...
Coinbase is seeking a national trust company license from the Office of the Comptroller of the Currency (OCC).
The Securities Exchange Commission (SEC) recently issued a no-enforcement action letter allowing registered investment advisers and regulated funds operating under the Investment Advisers Act of 1940 to designate state-chartered trusts as qualified custodians of crypto assets. The move means these Financial Institution Groups can hold and manage crypto assets such as Bitcoin and Ethereum in the same way they manage cash, providing legal clarity to the digital asset market. Analysts say this is e...
Financial marekt giant American Securities Depository Trust (DTCC) is exploring stablecoins.
On June 11, Ripple announced that it has completed the acquisition of New York-based crypto trust company Standard Custody & Trust Company, adding a limited-purpose trust company regulated by the New York Department of Financial Services to its licensing portfolio. Additionally, Ripple announced the appointment of Jack McDonald as senior vice president of stablecoins, while he remains the current CEO of Standard Custody. Previously, Ripple said that once the acquisition is approved, Ripple will ...
