Standard Chartered is preparing to offer a crypto prime brokerage aimed at institutional clients, leveraging its roughly $850 billion in assets. The move underscores growing bank-led infrastructure for institutional crypto access.
The American Bankers Association told the U.S. Senate that yield-bearing stablecoins could pull as much as $6.6 trillion from bank deposits and undermine lending. JPMorgan says the threat is overstated.
Major Wall Street banks are shifting infrastructure onchain, rolling out tokenized deposits, backing stablecoins, and supporting spot Bitcoin exposure. The move marks a broad institutional embrace of crypto primitives within traditional finance.
Ripple’s president signaled a forthcoming major partnership as analysts peg the company at a $40 billion valuation, touting the XRP Ledger as the backbone banks will use when stablecoins become mainstream rails.
Bank of America is advising clients to consider holding up to 4% of portfolios in digital assets, reflecting growing Wall Street institutional acceptance. The guidance signals a cautious, strategic embrace of crypto rather than a full endorsement.
Telcoin (TEL) has used its Nebraska-chartered bank to issue $10 million of eUSD on Ethereum and Polygon, marking the first time a US-chartered bank has launched a stablecoin on public blockchains under a regulated framework.
Sberbank has issued a pilot loan to a Russian miner secured by cryptocurrency collateral, marking a first for the bank and the country. The move is being framed as an early step toward closer integration of digital assets with traditional finance.
JPMorgan has frozen accounts tied to two venture-backed stablecoin startups operating in Venezuela amid unresolved compliance concerns. The move underscores mounting regulatory pressure on crypto firms in high-risk jurisdictions and could disrupt local on‑ramps and liquidity.
Sberbank may start offering loans secured by cryptocurrency after Russia’s central bank issued a regulatory roadmap for digital asset transactions. The plan, disclosed by a senior bank executive, could broaden institutional crypto services while raising questions about risk controls and compliance.
New OCC approvals and guidance allow banks to offer crypto custody services and engage in riskless principal trading, giving regulated institutions clearer paths to enter crypto markets. The move aims to boost institutional access while keeping banks under federal oversight.