Germany’s largest bank will use Taurus’ custody and tokenization technology to manage the cryptocurrencies, tokenized assets, and digital assets of its clients.
Deutsche Bank was one of a few companies to participate in Taurus’ $65 million Series B fundraising round back in February, which was led by Credit Suisse.
September 14, 2023, 2:20 PM
Deutsche Bank headquarters in Beijing, China on April 3, 2019. Shutterstock
One of the largest South Korean commercial banks, KEB Hana Bank, partnered with crypto custodian BitGo in order to set up a new crypto custody venture in the country.
The new venture, which will use BitGo’s crypto security expertise and Hana’s experience in financial services and compliance, is expected to launch in the second half of 2024.
The new partnership will expand on Twitter’s $Cashtags feature, which currently shows price data for a few chosen assets, and provide a wider range of crypto and stock prices.
Twitter will also direct users to the investment platform through a “view on eTroro” tab, where they will be able to purchase or sale assets of their choice.
The new funding will help Chaos Labs build out and expand its suit of risk and security products that can help DeFi protocols.
The seed funding round was co-led by PayPal and Galaxy Digital, but also saw participation from including Coinbase Ventures, Polygon, Avalanche, OpenSea, Uniswap, and others.
Currently in its beta launch phase in Brazil, the Binance Card will allow its holders to make payments and purchases using 13 supported cryptocurrencies.
Brazil has become the second country in Latin America to receive the product, following a similar announcement in Argentina in August 2022.
The new partnership with Moonpay allows Uniswap users to purchase crypto using debit and credit cards, as well as bank transfers, directly on the popular DEX.
The platform will initially support purchases of DAI, ETH, USDC, USDT, wBTC, and wETH on the Ethereum, Polygon, Optimism, and Arbitrum networks.
The popular web3 wallet has partnered with NFTBank, a firm building NFT price-tracking tools, in order to make the new feature possible.
NFTBank claims it can offer over 90% accuracy on its prediction thanks to its machine learning algorithm that takes into account floor price, rarity, and bid/ask distribution for NFTs.
Though officially launched today, the Payments Engine has already been used by Checkout.com during its pilot phase to settle around $1 billion in crypto transactions.
The solution offers quick access to fiat-to-crypto conversion, cross-border internal settlement, micropayments, and merchant adoption with lower processing fees.