“SBI Holdings is collaborating with United Arab Emirates’ TradeFinex to foster adoption of enterprise blockchain in Japan. This venture offers blockchain-based financial services and provokes a debate over whether such technology enhances financial transparency or circumvents regulatory oversight.”
Search Results for: SBI Holdings
Expanding Horizons: SBI Remit and Ripple’s Blockchain Impact on Southeast Asian Remittances
“SBI Remit partners with SBI Ripple Asia to implement Ripple’s XRP-enabled international remittance solution, extending services to bank accounts in Vietnam, Indonesia, and the Philippines. Utilising XRP as a “bridge currency”, this move aims to streamline international payments, ensuring efficient and cost-effective money transfers.”
Standard Chartered’s Zodia Custody Joins Forces with Polkadot: A Risky Move or an Untapped Opportunity?
“Zodia Custody, a Standard Chartered spin-off, has partnered with Parity Technologies, the developer of the Polkadot blockchain. The collaboration aims to strengthen the Polkadot ecosystem with institutional backing, extending the integration of financial institutions into the blockchain network through securing digital assets.”
Institutional Titans Stirring Up Waves in Crypto: B2C2 and Woorton Merge to Navigate EU Market
The acquisition of French firm Woorton by London-based B2C2 boosts institutional presence in the global crypto marketplace. Woorton’s over-the-counter services and clients integrate into B2C2’s framework, potentially increasing market liquidity. Collaborations like this, underlying regulatory compliancy, and the growing trend of institutional adoption offer promise in navigating crypto markets’ volatility.
Growing Institutional Crypto Staking: Pros, Cons, and Future Implications
Zodia Custody partners with Blockdaemon to offer crypto staking services to institutional clients, following Ethereum’s transition to a proof-of-stake system. While providing opportunities for staking rewards, concerns arise regarding potential centralization and the environmental impact of widespread staking on energy consumption and carbon emissions.
Navigating the Digital Wave: Zodia Custody – The Future of Crypto Asset Custody in Singapore
“Zodia Custody, an arm of Standard Chartered, is providing digital asset custody services to financial institutions in Singapore in response to the burgeoning demand for secure crypto solutions. This expansion, spearheading fintech investments, signals crypto’s deepening roots in the financial world.”