Stablecoin payments firm dtcpay said it closed a $25M Series A with SBI Group participation, aiming to expand merchant tools, compliance capabilities, and Asia settlement.
A cohort of 21 banks is reshaping how stablecoins and tokenized deposits fit into payments, compliance, and market structure, according to PYMNTS.com.
Learn how wells fargo tokenized deposits fit BIS guidance on digital money, why banks prefer tokenized deposits, and where stablecoins still add risk.
Mirae Asset digital strategy targets a $109B push into stablecoins and tokenization, focusing on regulated rails, custody, and cross-border distribution.
Big US banks are reportedly testing tokenized deposits to modernize payments, but shared deposit token standards face legacy rules, settlement history, and compliance hurdles.
Centrifuge expands Symbiotic rails to build a liquidity network for tokenized fund shares, routing $1.6B across Janus Henderson and NYLIM with USDC.
Jeonbuk Bank is partnering on Ripple cross-border payments to speed settlement, improve fee visibility, and cut reconciliation work for Korean clients.
Kraken debit card launches in the US, enabling everyday payments from crypto or dollar balances at checkout as Kraken expands consumer finance tools.
Tokenized deposits are gaining momentum as banks build faster payment rails, aiming to match stablecoins with regulated settlement, identity, and controls.
Tokenized deposits are gaining momentum as banks explore stablecoin-style payment rails, aiming for faster settlement, stronger controls, and audit-ready workflows.