Spanish Banking Powerhouse Santander Opens Doors To Crypto For The Public

On Nov. 3, Santander UK, the subsidiary of the Spanish financial giant Banco Santander, S.A., published a notice that says “investing in cryptocurrency assets can be high risk.” Furthermore, the British bank also imposed a limit on cryptocurrency exchanges using the firm’s mobile and online banking services. Santander UK Limits Crypto Exchange Transfers to ‘Protect’ Customers Santander UK has published a new update concerning cryptocurrencies and it warns that investing in such financial vehicles can be “high risk.” The bank notes that the....

Spanish banking giant Santander is working on a project that explores how it could digitize customer cash using the public ethereum blockchain. Revealed today during a panel talk at Devcon2 by Ether.camp founder and ethereum Java client developer Roman Mandeleil, the news was confirmed by representatives of Santander. In statements, Santander said its goal is to open up its bank-issued funds to a community of innovators as a way of tapping additional efficiencies. Given the recent deluge of proofs-of-concepts and consortium announcements, Santander's move to potentially issue digital cash....

Santander, a leading financial institution in Spain, is preparing to offer a Bitcoin ETF to its customers in the country. This, while Spanish asset managers have been largely reluctant to embrace crypto products as part of their investment portfolio offerings to customers. Santander Bitcoin ETF in Preparation Santander will be giving the finishing touches to a Bitcoin ETF product in Spain, according to reports from local sources. This reportedly positions the company to be the only financial institution interested in offering this type of product to its customers in Spain.....

Banco Santander, one of the early participants of the R3 blockchain consortium has abandoned the working group, joining investment banking institution Goldman Sachs in departure. The Spanish banking giant’s decision to let its R3 membership lapse is the second high-profile exit from the working group and comes in the months after it roped in Blythe Masters for a blockchain advisory role at the bank. Masters is the chief executive at Digital Asset, a startup that is arguably R3’s competitor in developing blockchain solutions for the financial services industry. Santander is the second major....

Spanish banking group Banco Santander has announced that Digital Asset Holdings CEO Blythe Masters will see a new role as the group’s senior blockchain advisor. Spain-based global banking group Santander has announced several new roles for Digital Asset Holdings (DAH) CEO Blythe Masters. In a press release, the banking group revealed Masters’ new position as the banking group’s senior adviser on blockchain. Furthermore, Masters will also join the group’s International Advisory Board as well as the board of its online-only bank, Openbank. Prior to her new position, Masters previously served....