Another strong week for digital asset adoption, with major moves from global banks and market infrastructure providers.
GSIBs explored consortium stablecoins, BNY Mellon tested tokenized deposits for client payments, and custody providers announced new blockchain integrations.
Here's what you need to know 👇
1⃣ Major global banks explore launching G7 stablecoins
A consortium of major banks including Citi, Goldman Sachs, Deutsche Bank, BNP Paribas, UBS, Bank of America, TD Bank, and MUFG announced plans to explore issuing stablecoins pegged to G7 currencies.
2⃣ BNY Mellon testing tokenized deposits for blockchain payments
Bank of New York Mellon is testing tokenized deposits as a payment method for clients using blockchain infrastructure. The initiative is part of the bank's broader effort to enhance real-time, instant, and cross-border payment capabilities.
3⃣ Coinbase and Mastercard pursue stablecoin startup BVNK
Both Coinbase and Mastercard have held advanced talks to acquire London-based BVNK for approximately $2B. If completed, it would be the largest stablecoin acquisition to date, surpassing Stripe's $1.1B purchase of Bridge last year.
4⃣ Ondo Finance completes Oasis Pro acquisition
Ondo Finance has completed its acquisition of Oasis Pro, including its SEC-registered broker-dealer, alternative trading system (ATS), and transfer agent licenses, providing Ondo with the most comprehensive set of SEC registrations for digital asset services in the United States.
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