Traditional Financial Firms Expand Reach into Cryptocurrency Sphere
By Alex Karambelas
Early this week, a major investment bank announced that it plans to launch a digital asset custody platform later this year. This announcement follows the bank’s establishment of a dedicated digital asset team in 2021. According to reports, the investment bank will become “the first to enter the global digital custody space” with the launch of this new platform.
In related news, a payment solutions company announced on Tuesday that it will acquire a cryptocurrency fundraising firm. The firm operates the leading cryptocurrency donation marketplace, which allows over 1,300 nonprofits to accept cryptocurrency donations, according to reports. Speaking about this acquisition, the company’s CEO reportedly stated that “[c]ryptocurrency is quickly moving beyond early adoption and becoming increasingly mainstream as more people want to invest, transact and donate in crypto.”
A leading financial technology company announced this week that it will partner with a prominent blockchain-based digital identity network. According to a press release, this partnership will enable solutions to comply with “multi-jurisdictional requirements set out by the FATF (Financial Action Task Force) Travel Rule.”
In a final notable item, the world’s largest financial derivatives exchange announced that it plans to expand its cryptocurrency offerings by launching options on Micro Bitcoin and…
