Bank of Singapore Says Crypto Could Replace Gold as Store of Value
Cryptocurrencies need to overcome a number of hurdles first, though, according to a research note.
Bordier & Cie clients will be able to buy, hold and trade digital assets such as bitcoin, ethereum, bitcoin cash and tezos.
Banks had feared being drained of liquidity under the original concept for the digital currency.
Looking forward, a Citi report suggests bitcoin could "become the currency of choice for international trade."
By digitizing the paper process, the Lygon joint venture says it has shown it can speed up bank guarantee issuances.
Also: Ether is jumping off, taking DeFi tokens with it.