From its Miami hub, the firm will support digital asset and crypto companies requiring regulated multi-currency infrastructure linking the US with the UK, Europe, and emerging markets
The partnership introduces an API-driven, permissioned blockchain integration that replaces manual transfer agency order processing with straight-through processing for subscriptions, redemptions and switches
Bank of America, BNY, Citi, Wells Fargo, J.P Morgan are part of a group of banks that have launched a digital payments initiative that links onchain activity with traditional payment rails
GELT will represent the Georgian lari, aiming to enable lower transaction costs, near-instantaneous settlement, programmable payments, and a more efficient movement of value across digital financial systems
The test, enabled by Standard Chartered’s banking infrastructure and institutional trust services, covered the lifecycle of HKD funding into reserve assets, fully backing the minting and transfer of HKD At Par
El Salvador’s National Commission of Digital Assets has approved Bitso as issuer of MXNB, a stablecoin pegged to the Mexican peso, making it the first LatAm currency-backed stablecoin to operate under CNAD regulation
The firm says its proposed plans will allow it to largely eliminate the requirement for static cash buffers by holding reserves on Solana in yield-bearing, low-risk, tokenised instruments, used to generate on-demand liquidity
