Tag: Banking

Silvergate Adds 46 More Crypto Clients in Q1 While Existing Customers Increase Deposit Levels

Silvergate Bank added 46 crypto customers in the first quarter and saw fee income and deposits increase from those customers because of “Black Thursday,” according to its earnings report released before market open on Wednesday. “The increase in total...

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Crypto Firm Deposits Jump 24% in Q1 at Metropolitan Commercial Bank

Deposits from digital currency customers at New York-based Metropolitan Commercial Bank – one of the few U.S. banks openly serving the crypto industry – increased for the first time in more than a year. While the $3.6 billion-asset bank...

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Banking API Platform Sila Raises $7.7M on Promise of Programmable Money

Banking services provider Sila has raised $7.7 million to build out features for a platform that allows entrepreneurs to easily launch programmable, USD-pegged stablecoins. Sila is an application programming interface (API) platform for entrepreneurs to quickly tap banking tools....

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Germany’s Crypto Custody Law Hits a Snag: Startups Can’t Get Bank Accounts

While more than 40 banks have reportedly expressed interest in Germany’s new crypto custody license, those firms may still have to put up with an anti-crypto sentiment among German banks. “If you try to open a bank account for...

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R3 Teams With Custodian Hex Trust to Help Asian Banks Sell Security Tokens

Asian banks interested in issuing security tokens on R3’s Corda now have a local custodian. Hong Kong-based Hex Trust is partnering with the enterprise blockchain company to offer banking clients another option for issuing security tokens. The custodian began...

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