When JPMorgan Chase, the world’s largest U.S. bank, announces something new, the financial world frequently tunes in. And on Tuesday (June 17), the bank announced plans to launch a product called a “deposit token” that will serve as a digital representation of commercial bank money and...
The digitization of money, and the movement to decentralized finance, begs the question: What happens to financial institutions, central banks and central banking policy? The banking system itself may seemingly be upended by stablecoins, cryptocurrencies and the prospect of digital dollars. The landscape is still...
In many ways, it’s no longer a question of when blockchain technology will go mainstream across financial services. It’s becoming a question of when regulations will catch up for its use. But when, or even if, cryptocurrency policy frameworks are brought to life, many observers...
Luminance, a legal contracts artificial intelligence (AI) startup, has launched Lumi Go, an AI agent that lets users send draft agreements to counterparties and auto-negotiate on their behalf. The startup, founded by AI experts from the University of Cambridge, uses AI to understand and analyze...
June 18, 2025
When JPMorgan Chase, the world’s largest U.S. bank, announces something new, the financial world frequently tunes in. And on Tuesday (June 17), the bank announced plans to launch a product called a “deposit token” that will serve as a digital representation of commercial bank money and will be available only to the bank’s institutional clients. The […]
November 27, 2024
The loyalty industry is changing due to the integration of blockchain technology. According to a PYMNTS Intelligence report, “From Transaction to Transformation: Blockchain’s Loyalty Proposition,” in collaboration with Solana, the...
June 29, 2023
Artificial intelligence (AI) offers a new tool to genuinely help advance human learning and thought. We are the first generation in the history of humanity to create machines that can...
September 26, 2022
When you get past the marketing hype and dig down into what Web3 actually is, it’s hard not to ask whether it’s a real revolution that’s going to remake the...
September 29, 2025
Financial messaging network Swift is adding a blockchain-based shared ledger to its technological infrastructure. The move is designed to make “instant, always-on cross-border transactions possible at unprecedented scale,” Swift said in a news release Monday (Sept. 29). According to the release, Swift has already begun work with 30 financial institutions (FIs) around the world to […]
October 10, 2024
Citi says its Token Services for Cash program has gone live after a pilot phase. The new commercial solution, announced Thursday (Oct. 10), processes multimillion-dollar transactions and offers clients “24/7,...
February 14, 2024
Citigroup has partnered with Wellington Management and WisdomTree to explore the tokenization of private markets. The collaboration successfully completed a proof of concept on the Avalanche Spruce institutional test Subnet,...
November 20, 2023
Spanish FinTech company Fence has reportedly raised 1.8 million euros (about $2 million) in its pre-seed financing round. The firm will use the new funding to grow its software that...