Ripple Labs Gets Final US Trust-Bank Approval
@Ripple received final approval from the US Office of the Comptroller of the Currency to establish a federally supervised trust bank for RLUSD reserves and digital asset custody. #Update #Banking
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Ripple Wins Final US Bank Charter
@Ripple says the Office of the Comptroller of the Currency granted final approval for Ripple National Trust Bank to manage $RLUSD reserves and provide enterprise digital asset custody. #Update #Banking
Bank of Israel Criticizes Netanyahu’s Crypto Sanctions Plan
The Bank of Israel rejected Prime Minister Benjamin Netanyahu’s proposal to use cryptocurrencies to bypass potential sanctions, warning they cannot shield Israel’s economy from restrictions. #Update #Crypto
Banks Could Unlock $100M Beyond Crypto Custody
@Ripple says @BCG research finds institutional custody holds over 30% of digital assets outside exchanges, as banks seek more control over signing and custody systems. #Update #Custody
Report: AI Agents Access US Bank Accounts
@MorganStanley is blocking third-party AI agents from customer accounts; @jpmorgan, @BankofAmerica and @Citi are also restricting access after banks detected agents using customer credentials, Axios reports. #Update #Banking
Sygnum and Debifi Debut Bank Multisig Bitcoin Loans
@Sygnum and @Debifi launched MultiSYG, a $BTC-backed loan secured by 3-of-5 multisig wallets, reportedly a first for a regulated bank. Sygnum advertises it, but loans are not yet available. #Update #Lending $BTC
Barclays plans 5,000 cuts amid AI rollout
@Barclays plans to cut about 5,000 jobs by year-end as it expands AI use and reduces costs. Third-quarter profit rose 12% but missed forecasts. #Update #Banking
SoFi Offers 4.40% on Fully FDIC-Protected Digital Dollars
@SoFi launches SOFIE, a tokenized bank deposit paying 4.40% APY with Federal Deposit Insurance Corporation coverage within applicable limits; balances convert 1:1 to SoFiUSD. #Update #Banking
Banks Challenge OCC Over Stablecoin Threat
The American Bankers Association and Independent Community Bankers of America criticized the Office of the Comptroller of the Currency’s stablecoin rule, warning indirect rewards could drain bank deposits and curb local lending. #Update #Stablecoins
DekaBank Plans Savings Bank Customer Crypto Trading
@DekaBank plans to roll out crypto trading through participating @Sparkasse banks’ apps, giving savings bank customers regulated access to $BTC, $ETH, $SOL, $XRP and Polygon. #Update #Crypto $BTC
Lloyds, Barclays lead UK crypto-user complaints
U.K. crypto users filed over 10,000 complaints about bank transfer restrictions, with @LloydsBank and @BarclaysUK leading. @StandWithCrypto urges case-by-case controls instead of blanket blocks. #Update #Banking
MrBeast’s Banking Move Shows No Crypto Signs
@MrBeast is promoting @Step, but the app advertises no crypto features. Updated terms removed its crypto rewards section, though other clauses still mention crypto. #Update #Fintech
Citi Bank of America Ban AI Access
@Citigroup and @BankofAmerica restrict AI agents’ access to customer accounts due to risks of mass fund transfers, while JPMorgan Chase plans similar measures; deposit shifts could cost banks $47B annually. #Update #Crypto $USDT
Ethereum Tokenization Revolutionizes Wall Street
Goldman Sachs CEO David Solomon highlights tokenization’s potential to expand financial markets, joining DTCC’s tokenization service and exploring scalable blockchain applications. #Update #Blockchain