US Banking Sector Embraces Crypto: SoFi Launches Trading, JPMorgan and DBS Pioneer Tokenized Deposit Transfers
US Banking Sector Embraces Crypto: SoFi Launches Trading, JPMorgan and DBS Pioneer Tokenized Deposit Transfers
The U.S. banking landscape is increasingly integrating with the crypto economy. SoFi has made history as the first nationally chartered U.S. bank to offer in-app crypto trading, a move indicating a loosening of regulatory barriers and a potential boost for utility tokens like $BEST. Concurrently, JPMorgan and DBS are collaborating on a groundbreaking initiative to enable 24/7 multi-chain transfers of tokenized bank deposits, bridging traditional finance with public blockchains like Base. These developments collectively highlight a significant trend towards enhanced liquidity, accessibility, and broader adoption of blockchain technology within mainstream financial services.
SoFi Becomes First US Bank to Offer In-App Crypto Trading
Quick Facts: ➡️ SoFi became the first nationally chartered U.S. bank to offer in-app crypto trading, signaling a policy-driven thaw in bank crypto. ➡️ Wider bank distribution typically deepens liquidity and lowers frictions, funneling new users toward non-custodial wallets where utility lives. ➡️ Best Wallet positions $BEST as a utility token for reduced fees, presale […]
JPMorgan and DBS Team Up on Multi-Chain Tokenized Deposit Transfers
DBS and Kinexys by JPMorgan are working on a plan to let tokenized bank deposits move between their on-chain systems. The goal is to let customers of the two banks send and receive deposit tokens around the clock, and to make those tokens usable on both permissioned ledgers and public blockchains like Base. The effort […]