Citi, Mastercard, Visa and several major US banks are stepping up blockchain tests focused on stablecoin settlement and tokenized deposits. DTCC launches a tokenization service involving over 50 firms; StanChart acquires Zodia Custody.
Trump signed an executive order directing US regulators to tighten scrutiny of non-citizen banking activity within 60 to 180 days, with ITIN-based account openings, shell companies, and structured transactions listed as red flags.
U.S. banks are divided as the Senate prepares to mark up the CLARITY Act. Retail banks warn the latest language still leaves room for yield-like stablecoin products, while investment-focused institutions back broader crypto rules.
Morgan Stanley expects US banks to eventually place Bitcoin on their balance sheets, though Federal Reserve policies and Basel rules remain major hurdles.
Morgan Stanley says US banks may eventually place Bitcoin on their balance sheets, but Federal Reserve policy and Basel rules remain major hurdles. The bank is also expanding digital asset products, custody ambitions, and advisor readiness.
A consortium of five US banks, including NYCB, launches USDF, the first stablecoin minted by FDIC-insured institutions. The coin targets DeFi, payments, and settlements, addressing regulatory concerns of non-bank stablecoins and bringing traditional banking into crypto.
Payment giant NCR partners with NYDIG to enable 650 US banks and credit unions to offer bitcoin trading via mobile apps to 24 million customers. Bitcoin is sourced from regulated OTC exchanges, custodied by NYDIG, with banks setting transaction fees.
The FDIC issued a policy update allowing more than 5,000 supervised banks to engage in crypto and digital asset activities without prior approval. Combined with the OCC's earlier move, this marks a major shift in U.S. banking regulation toward digital asset integration.
