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Matthew Sigel, VanEck's head of digital assets research, said Citi originally planned to launch institutional Bitcoin custody services last week, but may have delayed the launch because of the Binance hack. Citi previously said its Custody+ platform would begin holding Bitcoin for institutional clients this year.
Anchorage Digital announced a partnership with Securitize, under which the latter can directly mint and redeem stablecoins issued by Anchorage Digital Bank for custody and settlement of tokenized transactions.
According to the Bloomberg report cited in this Telegram message, JPMorgan is introducing JPM Coin to Ethereum for institutional clients. The message did not provide a launch date, scale, or link to an official announcement.
Deutsche Bank plans to launch an institutional-grade crypto-asset custody service within weeks, initially targeting German companies and professional investors. The plan still requires regulatory approval, and the technology was co-developed with Taurus.
Absa has launched Bitcoin and other digital asset custody services for institutional clients in South Africa and is reportedly the first bank in Africa to do so. The bank’s head of digital assets said that Bitcoin is currently its largest custodied asset.
Absa Group has received regulatory approval in South Africa, becoming Africa’s first bank to offer digital asset custody services. Initially, it will support Bitcoin,XRP Ledger, Ethereum, and USDC。
According to reports, Citibank partnered with Coinbase to enable stablecoin payment functionality for institutional clients.
Circle launches an institutional-grade digital asset-backed borrowing service, allowing clients to use BTC corresponding cirBTC as collateral and borrow through third-party protocols.USDC Initial support includes Morpho, with deployment on Arc and Ethereum.