The blockchain-based cross-border payments platform is expanding from two currencies to eight and will operate across 15 countries.

Following Terra’s death spiral, regulators will focus on the collateral backing the biggest stablecoins that are essential to the flow of real money into crypto.

Banks in the Gulf are embracing blockchain, fintech, cryptocurrencies and AI as they look to cater to changing consumer demands and a rapidly evolving financial landscape.

The UK bank’s new fund aims to deliver metaverse-themed investment opportunities to wealthy clients in Hong Kong and Singapore.

Despite China’s ambitious plans for its digital currency, the e-yuan will struggle to become a lead player in international trade finance without notable changes, most importantly to capital controls.

Sovereign wealth funds, other investors and banks will soon have to use cryptocurrencies to buy equity in companies building the decentralized web.

Despite the current financial turmoil, proponents of de-dollarization still have a mountain to climb. But blockchain and digital currencies could put their goal within eventual reach.

If regulated investors are to buy bonds on blockchain, incumbent infrastructure providers such as CSDs must embrace the very technology that threatens their traditional role.

Portion’s Jason Rosenstein explains why he paid $1.2 million for a plot of virtual land amid the goldrush of corporations launching their brands in the metaverse.

The former CFTC chair who first authorized bitcoin futures sees regulatory complexities ahead for crypto, blockchain and DeFi companies.

Analysts see augmented reality creating new economies worth trillions of dollars in the metaverse, where people are already spending real money on virtual real estate and will want to spend virtual earnings in the real world.

Designed to bring fixed-rate term financing to DeFi protocols offering only volatile overnight rates, Pairwyse could impact traditional swaps and repo.

Nobody doubts that cross-border payments could be more efficient and less laden with intermediaries. But are JPMorgan and Oliver Wyman right to suggest that central bank digital currencies are the answer?

Liquidators are the hidden predators lurking in decentralized finance protocols waiting to snap up collateral at big discounts from the unwary.

The only way banks can fully embrace the blockchain technology now transforming finance is by dealing in cryptos.

Francesca Nenci, the recently appointed global head of trade finance at UniCredit, talks to Euromoney about the bank’s trade finance business and the client trends that will shape her approach to her new position.

While big banks and institutional investors spent years trying to bend blockchain for use in traditional finance, they missed out on the boom in crypto prices and the income from decentralized finance. Now, alarmed by stretched valuations and zero yields in conventional markets, they just want in. The race is on to build a sturdy infrastructure to support the stream of old money into new digital assets that could become a flood.

High net-worth individuals once eschewed cryptocurrencies. When Covid hit, many learned to embrace them. They see the danger of endless QE and the returns to be generated in the world of decentralized finance.

DeFi is not a strategic asset allocation for mainstream investors yet, but big gains on cryptos and now high yields are drawing in the front runners.

A joint venture between the Asia-heavy bank and a Chinese supply chain tech player aims to make trade finance an alternative asset class with digital efficiency.

A digital-only cryptocurrency artwork takes the non-fungible token virtual investment trend along a new track.

The closer central banks come to hard design choices over retail central bank digital currencies, the less clear cut the case is to proceed with them.

We are at the peak of the hype cycle for central bank digital currencies, now being touted as one of the most fundamental innovations in the history of central banking. It is time for central banks and governments to be honest with unenthused populations. CBDC can’t deliver all the many promised improvements. As we come to design choices, there will be trade-offs. We might get improved payments but less credit. We could see greater financial inclusion but will lose privacy. Are the few benefits really worth the risk of disrupting the financial system?

Corporates looking to acquire digital assets for treasury purposes need to take care in their accounting treatment.

There are hopes that the innovation will assist with financial inclusion. But is gold ownership the way to achieve this?

Fnality applies for a DLT-based sterling payment system pointing the way to faster and more resilient decentralized financial market infrastructure.

The Ethereum software company is a pioneer of decentralized finance but also works with the conventional lenders and central banks it threatens.

The UAE was already a fintech pioneer but Covid turned it into a leader. Banks and government agencies are furiously rolling out blockchain-backed services that do everything from seamless KYC checks to detecting fraud in supply chain financing.

Non-fungible tokens are the inevitable end-product of the current everything bubble.

The dinosaurs of the banking world have recognised the threat from crypto. While there is no simple choice yet for fast and cheap cross-border payments, near instant domestic payments are the new reality.