Arab Bank has chosen Tezos to facilitate institutional custody service
The Switzerland firm is an independent sister company of Arab Bank plc. Arab Bank Switzerland announced Tuesday that it will integrate staking, trading, and custody services onto the Tezos blockchain’s native token (XTZ) in a bid to provide a digital asset environment for institutions, corporations, and high net-worth individuals. The 50-year old establishment partnered with Tezos in the hope of benefiting from the ecosystems inherent focus on energy conservation, low-gas fees and fast upgrades. Managing Director of Arab Bank Switzerland, Rani Jabban commented on the institution’s....
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Tezos to Enable Smart Contracts for European Banks
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Together with....
SC Ventures, the innovation and ventures unit of Standard Chartered, will launch a crypto custody service targeting institutional investors in London next year. According to a Dec. 9 press statement, the British bank is partnering with U.S. wealth and asset management firm Northern Trust for the project. Together, they will launch a new business called Zodia Custody. The deal is still subject to registration with the U.K. Financial Conduct Authority (FCA) and other regulatory approvals. At launch, Zodia will provide custody services for bitcoin (BTC), ether (ETH), ripple (XRP), litecoin....
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.
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According to reports, equity exchange operator Nasdaq is soon to make its entry into the institutional crypto custody service. The reason behind this move can be alluded to as increasing the scope of the operator’s range of services that have been provided within this particular space. Nasdaq is a firm that operates in the markets […]