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BNY, world's largest custody bank, expands crypto services in Abu Dhabi

BNY Mellon, the world's largest custody bank, is expanding its cryptocurrency services in Abu Dhabi to cater to the growing demand for digital assets in the region. The bank aims to provide institutional clients with access to crypto custody and investment solutions. This expansion aligns with Abu Dhabi's efforts to establish itself as a global hub for digital finance and innovation. BNY Mellon previously launched its crypto services in the U.S. and is now looking to leverage its expertise in the Middle East market. The move reflects a broader trend of traditional financial institutions entering the cryptocurrency space.

Read the full article: CoinDesk

JPMorgan, Mastercard make first cross-border US Treasury transfer via XRP Ledger

JPMorgan and Mastercard have successfully completed their first cross-border US Treasury transfer using the XRP Ledger, marking a significant milestone in the integration of blockchain technology in traditional finance. This transaction demonstrates the potential for faster and more efficient cross-border payments. The collaboration highlights the growing interest among major financial

Stablecoin adoption to scale on back of ‘very large’ tech firms: Bitwise

Bitwise has reported that the adoption of stablecoins is expected to increase significantly, driven by major technology companies entering the market. These large firms are likely to leverage their existing user bases and infrastructure to promote stablecoin usage. The report highlights that this trend could enhance the legitimacy and acceptance

Aave liquidates Kelp DAO hacker's rsETH positions on Ethereum, Arbitrum

Aave has liquidated the rsETH positions of the Kelp DAO hacker on both the Ethereum and Arbitrum networks. The liquidation occurred after the hacker attempted to exploit vulnerabilities in the Kelp DAO protocol, resulting in the theft of funds. Aave's actions were part of its protocol's

Ripple, JPMorgan settle first cross-border tokenized Treasury redemption on XRP Ledger

Ripple and JPMorgan have successfully completed the first cross-border tokenized Treasury redemption using the XRP Ledger. This transaction marks a significant milestone in the integration of blockchain technology with traditional finance, showcasing the potential for faster and more efficient cross-border payments. The collaboration aims to streamline the process of Treasury

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JPMorgan, Mastercard make first cross-border US Treasury transfer via XRP Ledger

Stablecoin adoption to scale on back of ‘very large’ tech firms: Bitwise

Aave liquidates Kelp DAO hacker's rsETH positions on Ethereum, Arbitrum

Ripple, JPMorgan settle first cross-border tokenized Treasury redemption on XRP Ledger