Standard Chartered Expands Prime Brokerage Partnership With 24X to Cover BTC and ETH
Institutional investors will be able to access Bitcoin and Ether trading through an expanded relationship between 24X and Standard Chartered. In a November 10 announcement, 24X Bermuda said the banking group will extend its prime-brokerage role from foreign-exchange products to digital assets on 24X’s multi-asset technology platform. TL;DR: 24X says Standard Chartered is expanding its…
BitPay Brings Apple Pay and Google Pay Checkout to Crypto Purchases
TL;DR: BitPay is trying to make buying cryptocurrency look more like an ordinary mobile checkout. On November 5, the company introduced an in-wallet purchase flow powered by MoonPay that supports Apple Pay, Google Pay, cards and SEPA in eligible European markets. BitPay is trying to make buying cryptocurrency look more like an ordinary mobile checkout.…
BCG Study Puts Custody At The Center Of Banks’ Digital Asset Plans
TL;DR: A BCG study commissioned by Ripple argues that banks’ custody choices shape the digital asset services they can offer. Its modeled earnings opportunity is an illustration, while the report’s adoption estimate excludes assets on centralized exchanges. For a bank planning to move into digital assets, the custody decision can determine which products it is…
Kraken Parent Payward Wins In-Principle Approval For Kazakhstan Expansion
TL;DR: Payward has received in-principle approval for a Kazakhstan business covering digital asset trading, dealing and custody in the AIFC. Final licensing conditions remain relevant, and the announcement gives no customer launch date. Kraken parent Payward has moved closer to establishing a regulated business in Kazakhstan, with preliminary approval for several activities rather than trading…
BitGo Launches Labs Unit With AI-Powered Gokubu Consumer App
TL;DR: BitGo has launched a research and product unit focused initially on AI and crypto. Its first projects include Gokubu, a consumer financial app that BitGo says is already live. BitGo is moving further into the application business with a new unit intended to build products on top of its digital-asset infrastructure. The company announced…
Coinbase And Samsung Bring USDC Directly Into Samsung Wallet
TL;DR: Coinbase is powering USDC inside Samsung Wallet, with the stablecoin feature due to reach 82 million compatible Galaxy devices in the United States from the final week of October. Coinbase Prime will custody the USDC, while Samsung says eligible users will be able to send funds to crypto wallets and qualifying bank accounts in…
BNY Expands Regulated Crypto Custody Across The European Union Under MiCA
TL;DR: BNY has expanded its Digital Asset Custody platform to selected institutional clients across the European Union under MiCA. The move follows the addition of its European banking entity to the ESMA MiCA register and gives one of the world’s largest custody banks a regulated route to hold and administer crypto assets in the region.…
OSL Brings A USDGO Market-Neutral Fund On-Chain For Hong Kong Investors
TL;DR: OSL Group has tokenized the USDGO Plus SP fund on-chain and is providing custody and distribution through its licensed Hong Kong platform. The product is a market-neutral digital asset fund built around USDGO and is available only to eligible professional investors. Tokenization is moving from simple Treasury products into more complex investment strategies. OSL…
Robinhood Puts $25 Million Of Bitcoin On Its Own Balance Sheet
TL;DR: Robinhood has added $25 million worth of Bitcoin to its corporate balance sheet, marking its first proprietary BTC holding separate from customer assets. The amount is small relative to Robinhood’s roughly $100 billion valuation, but the company says that is partly the point: the purchase is intended as a signal of alignment with Bitcoin…
Grayscale Adds BitGo To Hyperliquid Staking ETF Custody Setup
TL;DR: Grayscale has added BitGo Bank & Trust as an additional custodian for a portion of the HYPE held by its Hyperliquid Staking ETF. The SEC filing shows how increasingly complex altcoin and staking products are building institutional custody structures around assets that once traded almost entirely inside crypto-native venues. Hyperliquid’s move into regulated investment…