Fintech and Blockchain Startups 22

UK Investment Industry to Develop Tokenization for Greater Efficiency and Transparency

UK funds have received approval to develop tokenization in order to enhance efficiency, transparency, and competitiveness in the investment management industry. The Investment Association, the representative group for the industry in the UK, has announced this development. The Technology Working Group of the Government’s Asset Management Taskforce, in collaboration with the Financial Conduct Authority (FCA) […]

Shibarium Surpasses 4 Million Transactions in Three Months, Demonstrating Rapid Growth and Technological Prowess

Shibarium, the Shiba Inu Layer-2 blockchain, has achieved a significant milestone by surpassing 4 million transactions in just three months since its launch. This remarkable growth highlights the increasing prominence of Shibarium in the blockchain industry, especially considering its relatively short operational period. Despite facing a temporary setback due to a technical glitch shortly after […]

European Banking Authority Proposes New Anti-Money Laundering Rules for Crypto Providers

The European Banking Authority (EBA) is proposing updated anti-money laundering rules for crypto providers, with a focus on combatting the financing of terrorism. The EBA has identified that current regulations are insufficient and has published a consultation paper seeking feedback from interested parties. The proposed guidelines include merging the criteria for payment service providers and […]

South Korea to Launch Groundbreaking CBDC Pilot Program with 100,000 Participants

In a groundbreaking move, the Bank of Korea (BOK) and financial authorities are planning to launch a pilot program for a Central Bank digital currency (CBDC) in South Korea. The program will invite 100,000 Koreans to engage with deposit tokens based on the CBDC. Participants will be limited to using the CBDC for payments only, […]

BBVA Switzerland Partners with Ripple-Owned Metaco to Boost Digital Asset Operations

BBVA Switzerland has formed a strategic alliance with Metaco, a subsidiary of Ripple, to enhance its digital asset operations. The collaboration will leverage Metaco’s Harmonize platform, which offers digital asset custody and orchestration solutions. This partnership will enable BBVA Switzerland to expand its digital asset offerings, including DeFi, tokenization, cryptocurrency custody, and smart contract management. […]

Surge in Interest for Cryptocurrency Bridges Sparks Demand for Interoperability Solutions

The surge in interest for transferring cryptocurrencies to different blockchains has been observed since the start of October, according to Google search data compiled by Online Blockchain plc. Crypto enthusiasts are actively searching for cheap and fast methods to bridge assets across diverse blockchains. One solution that has gained attention is Umbria Network’s Narni bridge, […]

BBVA Switzerland Partners with Metaco to Expand Digital Asset Offerings

In a groundbreaking development within the blockchain domain, BBVA Switzerland has partnered with Metaco to expand its digital asset offerings. This move reflects a growing trend among major banks, including BBVA, to embrace digital asset solutions and technologies. The partnership will see the integration of Metaco’s Harmonize platform into BBVA’s infrastructure, enabling the bank to […]

BBVA Switzerland Teams Up with Ripple-Owned Metaco for Digital Asset Operations

BBVA Switzerland, a subsidiary of BBVA, has announced a strategic partnership with Ripple-owned Metaco to develop its digital asset operations. This collaboration is part of a growing trend among financial institutions to embrace digital asset solutions. BBVA Switzerland will utilize Metaco’s services through a Software-as-a-Service (SaaS) model, with the partnership further strengthened by Metaco’s alliance […]

New Zealand Crypto Exchange Launches NZ Dollar-Pegged Stablecoin in Partnership with Labrys

A partnership between New Zealand crypto exchange Easy Crypto and Australian blockchain development firm Labrys has resulted in the launch of a New Zealand dollar-pegged stablecoin. The stablecoin, called NZDD, is backed 1:1 with cash in trust and regulated by the New Zealand Financial Markets Authority. Initially available on Ethereum, there are plans to expand […]

PassPay Forms Strategic Alliance with EOS Network Foundation to Develop Blockchain-Based Financial Products

Tokyo-based digital payments firm PassPay has formed a strategic alliance with EOS Network Foundation (ENF) to explore the development of new financial products using blockchain technology. This partnership comes at a time when EOS Network is experiencing a resurgence, thanks to improvements in its EVM that have made it easier for DeFi developers to build […]