Banking

Wells Fargo to Pilot Dollar-Linked Stablecoin for Internal Settlement

| Ian Allison and Daniel Palmer

U.S.-based financial giant Wells Fargo is developing a digital dollar that will run on the firm’s first blockchain platform.

Deutsche Bank Joins JPMorgan’s Crypto Payments Network

| Daniel Palmer

JPMorgan's blockchain-based interbank payments initiative, IIN, has added Deutsche Bank as its latest member, bringing the total to 320 banks.

crypto, fiat

Tagomi Rollout Paves Way for Institutional Crypto Shorting

| Danny Nelson

Crypto brokerage Tagomi released its borrowing and lending platform to the wider public, enabling investors to short cryptocurrencies.

Santander Settles Both Sides of a $20 Million Bond Trade on Ethereum

| Ian Allison

Santander has issued a $20 million bond on ethereum, and paid fiat cash for it on the public blockchain as well.

How Celsius Turned Its Crypto ICO Into a Billion-Dollar Lending Business

| Leigh Cuen

Lending startup Celsius went from a $50 million token sale to $1 billion in crypto deposits.

Crypto Sleuthing Firm Elliptic Raises $23 Million in Fundraise Led by SBI

| Ian Allison

Blockchain forensics firm Elliptic has raised $23 million in Series B round led by Tokyo-based financial institution (and XRP holder) SBI.

Norwegian Bank Invests in Crypto Exchange Founded by Airline Magnate

| Daniel Palmer

Savings bank Sparebanken Øst has just taken a stake in NBX, a crypto exchange set up by Norwegian Air founder Bjørn Kjos.

HSBC Targets China Trade With Yuan-Demoninated Blockchain Letter of Credit

| Daniel Palmer

HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan.

bank of america

Bank of America Seeks to Patent Crypto Wallet That Works Like Valet Car Key

| Nathan DiCamillo

Bank of America is seeking to patent security tech for digital currency wallets that gives different users different levels of access to stored funds.

Silvergate CEO, Alan Lane

Silvergate Bank Eyes Crypto-Backed Loans for Institutions

| Anna Baydakova

Silvergate Bank, one of the cryptocurrency industry's few go-to financial service providers, is planning to become a crypto lender.