Browsing: Institutional

Cryptocurrency exchange Coinbase Global (NASDAQ: $COIN) is targeting banks as institutional adoption of cryptocurrencies continues to grow.

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Copper has made significant strides in the cryptocurrency lending market by partnering with Two Prime to bring its institutional bitcoin lending capabilities on-chain. This initiative is crucial as it utilizes the Axiom WBTC Yield Vault on Pareto, providing robust infrastructure to safeguard assets. The move indicates a growing trend toward institutional adoption of crypto lending…

Circle launches Arc mainnet for institutional finance | The Paypers NewsCrypto, Web3 and CBDC

Circle’s CRCL$82.66·Market Closed Arc blockchain went live Wednesday with BlackRock, Visa, Mastercard and DTCC among 11 founding validators, and CEO Jeremy Allaire calling it the most significant launch in the company’s history since $USDC itself.

Bitcoin and altcoins experienced sharp declines after the Senate vote on the Clarity Act stalled. Following this, the US Federal Reserve (FED) raised its benchmark interest rate for the first time in three years. However, despite the series of negative news, BTC showed a relatively limited reaction, maintaining its pre-decision level of $76,000.

Decentralized finance protocol Aave plans to deploy anRWA hub on Avalanchefocused on institutional borrowing. Through this infrastructure, approved entities will be able to access digital fiat liquidity by using tokenized financial instruments as collateral.

Anchorage Digital Bank, the first federally chartered crypto bank in the US, has added custody support for Etherlink and seven assets on the Tezos layer-2 network, including xU3O8, a token representing physical uranium.

Circle has launched its Arc Layer 1 network, bringing USDC-based fees, sub-second settlement, and major financial institutions onchain. ByGeorge Georgiev

Germany’s largest bank, Deutsche Bank, will launch a cryptocurrency custody service later this year for institutional and corporate clients.