Deutsche Bank & Standard Chartered Aim For Crypto U.S. Expansion

Deutsche Bank Enters Asia

With promises to make the U.S. a “Bitcoin superpower” and a shift in the SEC’s approach, the environment is becoming more favorable for traditional banks to re-enter the space.

Source: X (@WSJ)

Deutsche Bank recently partnered with Bison, the Börse Stuttgart crypto app, to safeguard user funds and support its multi-banking model. It also expanded into Asia through a deal with Crypto.com.

Standard Chartered Continues Expansion

Standard Chartered recently launched a digital collateral platform with OKX and Franklin Templeton, allowing institutions to use tokenized assets under Dubai’s VARA regulation.

The bank also teamed up with Animoca Brands and HKT to develop a Hong Kong dollar-backed stablecoin under the HKMA’s new framework.