In Banking First, ING Develops FATF-Friendly Protocol for Tracking Crypto Transfers
ING Bank, Standard Chartered and others have developed a protocol to handle a new rule for crypto exchanges and firms dealing in digital assets.
Speaking at the Singapore Fintech Festival, ING's blockchain lead spoke publicly for the first time about the bank's trials with digital assets.
The Travel Rule Protocol working group has published the first version of its TRP API.
The digital assets post-trade collaboration also involves Citi, State Street, UBS and others.
Both Rolls Royce and ING Bank have signed on to an industry body that supports student developers interested in building their own blockchain projects.
The banking group has joined crypto industry body Global Digital Finance to help develop best practices for custodial firms and wallets.