Last week it was revealed that several institutions, including the DTCC, and ING alongside fintechs such as Fireblocks and Circle, have been involved in trialing the FinP2P solution for digital security tokens.
Pyctor, which provides the so-called “plumbing” or infrastructure that allow other platforms to handle their crypto and digital assets after trades have been completed, is in the process of raising money.
The Travel Rule Protocol (TRP), a working group favored by banks and traditional financial institutions and focused on bringing crypto in line with global anti-money laundering (AML) standards, has released the first version of its application programming interface (API).
Another big bank edging closer to a crypto custody offering, Netherlands-based ING, spoke publicly for the first time this week about about its preliminary trials with digital assets.
ING Bank, the Netherlands-based lender with a penchant for blockchain, has developed a protocol to assist with the Financial Action Task Force’s Travel Rule requirement for crypto exchanges and firms dealing in digital assets.
Dutch bank ING is working on developing technology to help clients safely store digital assets, according to people familiar with the matter.