DBS Bank, Southeast Asia's largest bank, briefly announced a crypto exchange supporting BTC, ETH, BCH, and XRP with institutional custody. The notice was quickly removed but sparked market excitement as another sign of traditional finance embracing digital assets.
Singapore's DBS Bank, the largest bank in Southeast Asia, announced plans to launch a cryptocurrency exchange supporting Bitcoin, Ethereum, and others. The announcement was quickly removed, signaling traditional finance's cautious yet accelerating entry into crypto.
Swift has launched a blockchain-based shared ledger initiative with more than 30 financial institutions from 16 countries. The first use case focuses on real-time, 24/7 cross-border payments, signaling deeper bank adoption of digital settlement infrastructure.
Swift said it is working with more than 30 financial institutions across 16 countries to design a blockchain-based shared ledger for real-time, 24/7 cross-border payments, extending its role from secure messaging toward tokenized value movement.
Swift said it is working with more than 30 financial institutions from 16 countries to design a blockchain-based shared ledger for real-time, 24/7 cross-border payments, extending its role from secure messaging to digital value movement.
Standard Chartered invested in Partior blockchain interbank settlement platform, becoming a founding shareholder and first euro settlement bank. Partior achieved sub-2-minute settlements in SGD/USD, versus traditional two-day average.
The stablecoin consortium Open Standard has announced the launch of Open USD, a new stablecoin designed to address scalability, cost, and governance issues. Open USD offers free minting and redemption, default earnings sharing, and collaborative governance. Over 140 businesses, including Visa, Stripe, Mastercard, BlackRock, BNY, and Coinbase, have signed up. The project is expected to go live in H2 2026 and could help drive the stablecoin market to $1.5 trillion by 2030.
On June 30, 2026, the stablecoin alliance Open Standard officially announced Open USD, a new stablecoin designed for global money movement. Featuring zero-cost minting and redemption, default earnings for partners, and collaborative governance, Open USD has already secured commitments from over 140 enterprises including Visa, Stripe, Mastercard, BlackRock, BNY, Coinbase, Google, and Samsung. The stablecoin aims to address key pain points in existing stablecoins—high fees, inability to share reserve earnings, and lack of partner influence over roadmaps. Open USD will go live later this year, with the potential to accelerate the stablecoin market's growth toward an estimated $1.5 trillion by 2030.
