Fiserv’s digital asset platform is now live with financial institution clients, the global provider of payments and financial services said in a Thursday (Oct. 1) press release. The platform’s first live use case Bank of North Dakota’s Roughrider Coin, a dollar-backed stablecoin designed to enable...
Wall Street’s embrace of digital assets has reached the point where saying a bank is “doing blockchain” reveals almost nothing about what it can actually do on-chain. One bank may be experimenting with tokenized securities inside an innovation lab. Another may let corporate customers move...
Lloyds Banking Group and Visa completed a seven-day live pilot that tested cross-border settlement using stablecoins, Lloyds said in a Wednesday (Sept. 30) press release. During the pilot, through a series of real-world transactions, Lloyds used stablecoins to settle $750,000 of payment obligations with Visa,...
A sharp sell-off in U.S. government bonds is adding urgency to the Trump administration’s effort to turn dollar-backed stablecoins into a new source of demand for Treasuries and an instrument for preserving the dollar’s global dominance. The administration is considering promoting dollar-denominated stablecoins overseas through...
An initiative involving seven U.K. banks completed the first live customer transactions using tokenized sterling deposits, banking and finance industry organization UK Finance said in a Thursday (Sept. 24) press release. The transactions were delivered through the Great British Tokenised Deposit (GBTD) initiative, which was...
The Clearing House selected Quant, a provider of programmable money infrastructure, to power the On-Chain Money Initiative that The Clearing House announced in June, the organization said in a Thursday (Sept. 24) press release emailed to PYMNTS. The On-Chain Money Initiative involves a new interoperable...
S&P Global is acquiring blockchain security company OpenZeppelin as it looks to expand its risk assessment business to on-chain financial products, according to a Thursday (Sept. 17) news release. “The transaction complements S&P Global’s risk assessment and ecosystem development capabilities in digital asset markets, enhancing...
Circle has introduced Arc, a blockchain designed for financial markets, real-time money movement and agentic economic activity. Arc launches with integration into Circle’s platform, including the USDC stablecoin, the company said in a Wednesday (Sept. 16) news release. “Arc is the single most significant launch in Circle’s...
Bottomline, a top-three provider of Swift services, has partnered with Chainlink to give more than 600 bank customers access to blockchain-based cross-border settlement. The deal is one of the largest efforts yet to link the Swift messaging network, which banks have relied on for decades,...