OCC Gives Revolut and OpenReserve Preliminary Bank Approvals
The OCC granted preliminary conditional approval for proposed national banks from Revolut and OpenReserve, both with planned digital-asset payment services.
Category: Banking Integration
Payward and SoFi Link Stablecoin, Banking and 24/7 Settlement Services
Payward and SoFi have announced a partnership covering SoFiUSD on Kraken, real-time dollar settlement and Kraken Prime execution services.
Jeonbuk Bank Deploys Ripple Payments for Cross-Border Transfers
South Korea’s Jeonbuk Bank is deploying Ripple Payments for business remittances, but the announcement leaves key operating details undisclosed.
Crypto Group Backs Custodia in Supreme Court Fed Account Case
The Blockchain Association urged the Supreme Court to review Custodia Bank’s dispute over direct access to Federal Reserve payment services.
Tether Announces $20M Investment in Mercado Bitcoin
Tether announced a $20 million investment in Mercado Bitcoin, with the Brazilian platform planning to expand payments, tokenization and credit infrastructure.
Standard Chartered Opens Bank-Led USDC Minting and Redemption
Standard Chartered launched integrated USDC minting and redemption for eligible institutional clients through its DIFC operations, in partnership with Circle.
BNY Adds USDC Mint-and-Burn Services to Institutional Custody
BNY is adding USDC custody, transfers, minting and redemption through an expanded Circle relationship, linking bank cash and stablecoin operations.
JPMorgan Adds Five Asia-Pacific Currencies to Kinexys Settlement Network
JPMorgan expanded Kinexys Blockchain Deposit Accounts to eight currencies, extending its bank-deposit settlement network across five Asia-Pacific markets.
India and Seychelles Sign UPI Deployment Agreement
India and Seychelles signed an agreement to deploy UPI infrastructure, opening a new implementation track for account-based digital payments.
Trace Finance Raises $32M to Expand Cross-Border Settlement Infrastructure
Trace Finance has raised a $32 million Series A led by CoinFund to expand its regulated cross-border payments, FX and settlement infrastructure.
State Street Targets Stablecoin Reserves With New Money Market Fund
State Street has introduced a government money market fund for stablecoin reserve managers, with Anchorage Digital and State Street Bank among its initial investors.