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
Issued by Anchorage Digital Bank, a US national trust bank, USDPT is designed to operate within real-world payment systems, combining blockchain-based settlement with Western Union's distribution capabilities
ClearBank will provide account safeguarding and on and off-ramping services to enable Bybit clients to manage their funds and move them between fiat and digital asset services throughout the EU
The move enables the firm to establish Laser Digital National Trust Bank, a de novo national trust bank providing multi-asset fiduciary trust services to institutional clients in the US
Through the partnership, Orbital intends to expand cross-border currency access, streamline settlement, and improve treasury operations for institutions
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
Eileen Li has been appointed as the bank’s relationship manager in APAC, where she will be responsible for the onboarding and maintenance of its clientele
The collaboration aims to allow fintechs, payment service providers, and financial institutions using the Fireblocks Network to access regulated on/off-ramp and settlement infrastructure across GCC currencies through a single counterparty
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