HSBC, one of the world’s leading financial institutions, has unveiled its plans to enter the rapidly growing digital asset market. In a strategic move, the bank is set to offer a comprehensive custody service for digital assets, including tokenized securities. This new venture is being developed in collaboration with the
The U.S. Federal Reserve announced that it collaborated with the Swiss National Bank, Bank of England, Bank of Canada, Bank of Japan, European Central Bank, and Bank of Canada in a coordinated effort to enhance the supply of liquidity through the established U.S. dollar swap line arrangements. The action, which
The inherent nature of the failure of Silicon Valley Bank and its effects on the stock market over the past week have not yet been solved. Investors and authorities have switched their attention from the United States to Europe. Credit Suisse led a selloff of bank shares after its largest
PostFinance allows its customers to trade Bitcoin by 2024. Last year, revenues from Swissqoute crypto trading services were over $103 million. The Swiss Post Office has announced plans to expand its cryptocurrency offering by launching a trading and custody service through its banking arm PostFinance. Despite the volatile cryptocurrency market,
Tether (USDT) currently trading at $0.998994 USD. Tether has been steady even though the so-called stablecoin UST lost its value. Dukascopy Bank SA, a Swiss financial services company, announced that it had enabled blockchain operations in ERC20 Tether (USDT) for holders of multi-currency accounts (MCAs). After Bitcoin (BTC) and Ethereum
