The pilot is part of a broader MAS initiative to extend settlement capabilities using tokenized bank liabilities and regulated stablecoins.

While the bank has yet to confirm its plans, the move could mark a first step toward launching its own USD stablecoin.

The Bank Policy Institute is reportedly weighing filing a lawsuit against the OCC over it granting more bank trust charters to crypto firms.

The U.S. federal banking agencies have issued new guidance clarifying that tokenized securities should receive the same capital treatment as traditional securities.

The global fintech applied to become a federally regulated, FDIC-insured bank, while the crypto infra firm is looking to become a national bank trust.

Kraken Financial received a limited purpose Fed master account, marking a notable milestone for crypto-TradFi integration.

Tether's $100 million investment in Anchorage Digital underscores a commitment to secure, regulated financial systems, reinforcing Anchorage's status as the first federally chartered crypto bank in the U.S.

The bank said its institutional clients will be able to manage fiat currencies and stablecoins in one place.

With JPMorgan known as a pioneer, more big banks are leaning into tokenized deposits as a way to get blockchain’s benefits, without giving up control.

The online banking giant is continuing to dive back into crypto and what it calls the “blockchain super cycle.”