XRP To Enter This $100 Trillion Custody Pool And This Is How It Will Happen
Crypto pundit X Finance Bull has explained how XRP is positioned to absorb a share of the $100 trillion in assets that the Depository Trust and Clearing Corporation (DTCC) has in custody. He notably mentioned Ripple and the role the crypto firm is playing in making this possible for XRP. How XRP Is Positioned To Take A Share of DTCC’s $100 Trillion Assets In an X post, X Finance Bull noted that in 2025, DTCC filed patents that named Ripple and the XRP Ledger as compatible infrastructure for tokenized finance. Following that, Ripple acquired Hidden Road, a prime brokerage that clears $3....
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Sumitomo Mitsui Trust, one of the major banking institutions in Japan, will reportedly enter the cryptocurrency custody business. The company is entering a partnership with Bitbank, a Tokyo-based cryptocurrency exchange, to launch a new company that will focus on offering institutional-grade custody for digital assets and NFTs.
Sumitomo Mitsui Trust Bank to Enter Digital Custody Business
Sumitomo Mitsui Trust Bank, a major financial institution in Japan, has decided to enter the cryptocurrency custody business. The company announced that it will launch a digital assets custody....
Goldman, JPMorgan and Citi are all said to be looking at crypto custody.
The exchange is set to enter the crowded market of institutional bitcoin custody as it aims to become a service provider in the cryptocurrency space.
The launch of Bitcoin.com mining pool's mainnet has opened up many questions about the scalability of Bitcoin protocol. The war over Bitcoin block size wages on. The recent attempt to resurrect the Bitcoin blockchain with no block size limit has received a mixed reaction from the community. The attempt comes in the form of the new Bitcoin.com mining pool, a brainchild of Bitcoin Jesus Roger Ver. The new Bitcoin.com mining pool has extended its support to Bitcoin Unlimited, a Bitcoin Core spin-off with no limits and restrictions. This move is considered as an attempt to create a version....
The Postal Savings Bank of China (PSBC) has announced the launch of its blockchain-based asset custody system, in partnership with IBM, today. IBM claims this to be the first case of blockchain technology to asset custody in China. With over 40,000 branches and 500 million individual customers in China, the bank sees its assets totaling 7.3 trillion yuan ($1.09 trillion, 2015 figures), making it figure among the top 25 banks in the world. The announcement comes following a two-month trial that saw over a hundred real business transactions executed on a blockchain developed using the....