Topic: #banking
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Bank Leumi launches direct crypto trading with Galaxy Digital
Israel's largest bank, Bank Leumi, announced a partnership with Galaxy Digital to offer Bitcoin, Ethereum, and Solana trading to its customers, launching in early 2027 and becoming the first bank in the country to provide direct digital asset services.
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Banks shift to stablecoin payment rails, signaling structural change
Traditional banks are abandoning Bitcoin for stablecoin infrastructure to enable faster cross-border payments and lower transaction costs. Coinbase's partnerships and regulatory approvals position the exchange as a key infrastructure provider in this transition.
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DAAQ delays Old Glory Bank merger vote to August 14 amid capital crisis
Digital Asset Acquisition Corp. postponed its shareholder vote on merging with Old Glory Bank's parent company to August 14, disclosing no reason for the delay and leaving the deal's $50 million cash requirement unresolved as the bank remains severely undercapitalized.
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AMINA Swiss crypto bank explores public listing with Cantor
AMINA, a regulated Swiss digital asset bank, is working with Cantor to explore options for going public, though discussions remain ongoing and no final decision has been made. The bank is prioritizing strategic growth capital over a quick market listing.
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Goldman Sachs CEO Backs Crypto Clarity Act, Splits With Wall Street
David Solomon endorsed the Clarity Act's regulatory framework, splitting from JPMorgan and banking trade groups fighting stablecoin-yield provisions that could compete with traditional deposit accounts.
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UK Lawmakers Launch Inquiry Into Crypto Banking Access Barriers
A cross-party parliamentary group is investigating why UK banks block accounts and restrict payments for crypto firms, examining whether the barriers are holding back the sector's growth and regulatory compliance.
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EU Commission drafts banking reforms to unlock €475 billion in capital
The European Commission has prepared sweeping banking reforms designed to free up approximately €475 billion in capital and liquidity currently trapped by national ring-fencing rules, with final legislative proposals expected in Q1 2027.
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Banks Race to Become Stablecoin Gateways as Volumes Surge
Standard Chartered and BNY Mellon have announced direct institutional access to stablecoin minting and redemption, signaling a fundamental shift in how global systemically important banks view digital assets. Chainalysis projects stablecoin settlement volumes could reach a quadrillion dollars annually by 2030.
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Standard Chartered offers direct USDC access as first Global Systemically Important Bank
Standard Chartered launched a service allowing institutional clients to mint and redeem Circle's USDC directly through the bank, becoming the first Global Systemically Important Bank to offer this capability. The rollout begins in Dubai.
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Xapo Bank: Gibraltar-Regulated Bitcoin Custody and USD Banking
Xapo Bank, a members-only Gibraltar-regulated institution, combines Bitcoin custody with USD banking, debit card access, and yield products for high-net-worth and Bitcoin-native users seeking cross-border financial services.
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Anthropic's Mythos AI model prompts House committee to weigh new banking security rules
Anthropic demonstrated its unreleased Mythos model to Congress, revealing how AI can identify critical banking vulnerabilities. Rep. Andrew Garbarino signaled potential new regulatory oversight for AI-powered cybersecurity and bank disclosure requirements.
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Former Citigroup Director Sues Over Trump Account Retaliation
A former Citigroup managing director sued the bank in Brooklyn federal court, alleging she was fired after raising compliance concerns about a proposed account structure linked to Donald Trump designed to reduce internal oversight.
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JPMorgan launches Chase digital banking in Germany, Europe's largest deposit market
JPMorgan Chase launched its digital Chase brand in Germany on May 20, marking its second European retail market after a successful UK operation that's grown to over 2 million customers. The expansion targets Europe's largest economy and deposit market with a fee-free savings account model.
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Trad.Fi and W3 compress equipment loans from months to one day with AI
Trad.Fi and W3 are working to move $650 million of equipment-finance origination onto blockchain rails over four years using AI to automate underwriting, but loan performance still hinges on collateral, servicing, and investor liquidity outside the token.
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Vietnam Ministry of Finance Proposes Digital Assets as SME Loan Collateral
Vietnam's Ministry of Finance has proposed amendments allowing small and medium enterprises to use digital assets and intellectual property as bank loan collateral, marking a significant shift toward institutional legitimacy for crypto in the country.
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SoFi becomes first US national bank to launch stablecoin in consumer app
SoFi Technologies launched SoFiUSD on May 27, making it the first US national bank to integrate a stablecoin directly into a consumer banking application. The dollar-backed token is now available to SoFi's 14.7 million members on Ethereum and Solana.
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SoFi Launches SoFiUSD Stablecoin on Ethereum and Solana
SoFi Technologies became the first U.S. national bank to offer a bank-issued stablecoin directly within its consumer app, with SoFiUSD now available for buying, selling, and holding on Ethereum and Solana blockchains.
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OCC bank charters for crypto firms defended against Warren's regulatory claims
The Chamber of Digital Commerce pushed back on Senator Elizabeth Warren's accusations that the OCC improperly granted nine national trust bank charters to crypto firms since December 2025, arguing the approvals align with congressional direction on digital asset regulation.