Banking

Crypto-Friendly Money App Revolut Wins EU Banking License

| Yogita Khatri

Revolut, provider of a mobile finance app that offers crypto trading, has been granted a banking license from the European Central Bank.

Payments Startup Bitwala Now Offers Crypto Banking in Germany

| Yogita Khatri

Germany-based payments startup Bitwala is now offering crypto banking services in the country.

Russia’s Sberbank Uses Smart Contract to Settle Three-Way Repo Deal

| Yogita Khatri

Russia’s Sberbank has settled a three-way repurchase agreement using blockchain tech, calling it a "world's first."

4 Banks Complete €100K Commercial Paper Transaction on R3’s Corda

| Yogita Khatri

Four European banks, including Commerzbank and ING, have settled a live commercial paper transaction worth €100,000 on R3's Corda blockchain.

Blockchain ‘Radically Simplifies’ KYC, Say UAE Trial Participants

| Yogita Khatri

An Abu Dhabi financial center and KPMG say they have successfully completed a trial of a blockchain-based know-your-customer application.

Banking Giant State Street Is Waiting on Client Demand for Crypto Custody

| Ian Allison

State Street bank says there's no sense of urgency yet from clients for it to move into safeguarding crypto assets.

How Silvergate Became the Leading Bank for Crypto Startups

| Leigh Cuen

Silvergate Bank CEO Alan Lane shared his approach to serving the cryptocurrency industry with bankers at the Block FS conference.

ConsenSys HQ

ConsenSys Backs $2.1 Million Funding Round for Ethereum Privacy Startup

| Anna Baydakova

ConsenSys Labs has led a $2.1 million seed round for AZTEC, a startup working to make ethereum transactions private.

Goldman, Morgan Stanley Go Live With CLS’ IBM-Powered Blockchain

| Anna Baydakova

CLS, the bank-owned currency trading utility, and IBM have gone live with their blockchain-based payment netting service after more than two years in…

Abu Dhabi Bank Settles $500 Million Bond on a Blockchain

| Yogita Khatri

Abu Dhabi-based Al Hilal Bank has carried out a blockchain-based transaction for an Islamic bond worth $500 million.