Crypto Custody Firm Taurus Partners Teylor to Tokenize Loans for German SMEs
Aside from Teylor, Taurus has also secured other partnerships to enhance its crypto custodian and tokenization services.
Thirteen top banks, including Citi, Bank of America and Deutsche Bank, have joined a consortium led by financial tech firm R3 that is developing blockchain technology for the financial industry.
Aside from Teylor, Taurus has also secured other partnerships to enhance its crypto custodian and tokenization services.
To uphold the token’s value, stablecoin issuers often reserve cash or liquid assets. Amid rising interest rates, DWS is poised to manage the reserves for the new stablecoin.
Economists at Deutsche Bank foresee 175 basis points in rate cuts in 2024.
HSBC, which is one of the largest banks in the world, revealed that for now, its custody plans involve “tokenized securities issued on third-party platforms.”
DZ Bank’s current infrastructure makes it possible for the bank to take part in the exploratory phase of the ECB’s project testing the settlement of large-volume capital market transactions in central bank money.
The acquisition of a banking license in the UK could open up new revenue streams for Revolut, allowing the company to generate interest income at a time when interest rates are at multi-year highs.
As blockchain technology continues to mature, Deutsche Bank and Standard Chartered’s initiative offers a promising vision of the financial world’s future.
However, BNP Paribas is not immune to the challenges faced by many of its peers in the banking industry.
Thanks to its stellar financial performance in the third quarter, the bank has raised its full-year outlook for 2023.
To demonstrate the potential of UDPN, Standard Chartered’s SC Ventures and Deutsche Bank conducted a trial.