Standard Chartered launches trading platform for cryptocurrencies

Standard Chartered Bank (StanChart) wants to establish an institutional trading platform for cryptocurrencies in the UK and Europe. The new exchange is expected to launch in the fourth quarter of 2021, depending on approvals from the relevant regulators. London-based Standard Chartered is one of the most influential financial institutions globally. Its innovation arm now wants to create […]

Portfolio Diversification: The Contribution of Digital Assets

Many look at Bitcoin (BTC) as a very volatile asset, unattractive for traditional investors looking to diversify their portfolio. Yet digital assets seem to drastically improve the Sharpe ratio, a measure frequently used to quantify the performance of a portfolio in contrast to risk. In the first few days of 2021, bitcoin (BTC) price reached […]

Another Swiss Private Bank Implements Digital Assets Services

Neue Privat Bank and InCore today announced that NPB is introducing InCore’s comprehensive Digital Asset Banking Services to its clients. As a result, clients are now able to trade in major crypto currencies and benefit from a highly secure Switzerland-based custody solution. NPB, a Zurich-based boutique private bank, has been a partner of InCore Bank, a […]

Opposition to expanded FinCEN AML/KYC rules

A broad front of opposition is growing against FinCEN’s latest regulatory proposal regarding KYC/AML rules for digital assets. Opponents say the rules would destroy many of the benefits of the technology and create new, centralized data collection points. An overview. The U.S. Treasury Department under Steve Mnuchin proposed strict KYC rules for cryptocurrencies in December that go […]

SIX invests in joint-venture Custodigit to build an institutional digital asset gateway

The Swiss Stock Exchange announced an investment in Custodigit, the joint venture created by Swisscom and Sygnum in 2018. With this agreement, SIX Digital Exchange, Swisscom and Sygnum Bank enable Swiss banks to offer access to digital assets for their customers. The Swiss Stock Exchange today agreed to take a major stake in Custodigit and to partner […]

UBS CEO Ralph Hamers sees great potential in tokenization & digital assets

Ralph Hamers, the new CEO of UBS Group AG, spoke out in favor of digital assets and tokenization at the Singapore Fintech Festival (SFF). He sees “virtually unlimited potential” in these technologies, especially for the Swiss financial center and the Crypto Valley. This week, the annual FinTech Festival is taking place in Singapore, bringing together numerous major […]