14 Banks, 5 Tokens: Inside Fnality’s Expansive Vision for Interbank Blockchains
Fresh off a $63 million fundraise, execs at bank blockchain consortium Fnality shed some light on the often-secretive project's plan to tokenize fiat currency.
The Swiss bank exploring “several alternatives” for offering crypto, according to people familiar with the plan.
The purchases suggest institutional investors’ appetite for crypto exposure in the bull market goes far beyond bitcoin, or even ether.
Though it was looking to offer crypto to wealthier clients in May, the bank is now warning clients to avoid it altogether.
The digital assets post-trade collaboration also involves Citi, State Street, UBS and others.
Swiss financial giant UBS has started full-fledged transactions on we.trade, a blockchain-based trade finance platform.