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BNY, formerly Bank of New York Mellon, is a global financial giant and the world's largest custodian bank, providing custody and investment services.
BNY says its overnight repo with Citadel Securities is the first on a major triparty platform to use a tokenized asset as collateral. The evidence of use so far is a single trade whose size BNY did not disclose.
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Singapore Gulf Bank adopted BNY's 24/7 USD Book Transfers on Oct. 12, letting qualifying dollar transfers settle on weekends and U.S. public holidays. SGB has not disclosed fees, limits or settlement times, so treasurers cannot yet price it.
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Wells Fargo is in talks with Kraken parent Payward to supply liquidity and execution for the bank's crypto trading, per individuals familiar. Both companies declined to comment, and the report says a final agreement is not certain.
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Pi Network's October 8 plan to explore Open USD payments and Pioneer rewards specifies no requirement to buy or hold PI, a coin now near $0.0835. Dollar payments could grow activity on Pi while demand for the coin waits on reward and settlement terms the team has not published.
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Visa and Mastercard took equal stakes with Coinbase, Stripe and Shopify in OUSD, a stablecoin the five founders back with over $1 billion. Its zero fees cover minting and redemption only, and the networks also back rival stablecoins, so the stake is one bet among several.
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Wells Fargo is in talks to source crypto trading liquidity from Payward, the $21 billion Kraken parent, two people told CoinDesk. A signed contract would let the bank offer crypto execution without building trading infrastructure and would put bank revenue behind Payward's price.
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BNY is in talks with Kraken parent Payward, valued at $21 billion when Nasdaq invested, over a custody, trading and payments partnership, CoinDesk reported. Nothing is signed. One source compares the talks to the infrastructure half of Payward's Nasdaq agreement.
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Coinbase opened OUSD transfers on four chains on October 1, a day after the stablecoin it co-owns went live. Because Coinbase is one of its owners, the speed mostly shows Coinbase's own incentive; the case against USDT and USDC depends on venues and businesses that hold no equity.
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Stripe-owned Bridge is issuing the OUSD stablecoin on four blockchains, with reserves held at BlackRock, Lead Bank and BNY. Open Standard has not said how much has been issued, so its list of more than 200 partner businesses is the only size figure on record.
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Fed Chair Kevin Warsh said hyperscaler fundraising partly explains rising yields, as companies add about six times the Treasury's increase in bond supply. Pension funds and insurers that buy 30-year paper are being asked to fund both borrowers from a pool Employ America's Skanda Amarnath calls finite.
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Chainguard says its Athena coalition will start releasing about 50 findings on September 28, with affected version ranges attached. A scanner needs those ranges before it can flag a pinned old release.
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HYBOND's second network puts non-investment-grade corporate credit on chain for qualified institutions, with BNY Investments still managing the portfolio and RedStone publishing the fund administrator's NAV to smart contracts.
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The Fed's first hike in three years took its benchmark to 3.75%-4% and the Dow down 1.7% for a third straight losing week. Chipmakers and data center suppliers sold off Monday on AI safety headlines and got most of it back by Friday.
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Arc's founding validator set has twelve members, drawn from card networks, clearing houses and asset managers. The company that issues the chain's fee asset is also the company that can freeze it.
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In a Forbes Tech Council column, IRALOGIX CTO Charlie Gautreaux says the live capability sits on a transfer-agency book of about $8.6 trillion and 7.6 million investor accounts, and he names three tests of whether it holds.
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Eight trade groups told Senate leaders the bill's rewards carve-outs would let stablecoins pay interest by another name. The White House's own April study puts the lending at stake at $2.1 billion, or 0.02%.
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Ten Coves Capital led $22 million into Luminary, whose platform reads estate documents for advisers overseeing more than $500 billion in client assets. Human reviewers still check what the AI extracts.
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The CNBC Investing Club says it is getting more selective about AI. Its September buy list still runs Intel, Micron at six times fiscal 2027 earnings and Meta at about 19, next to Kimberly Clark and BNY.
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Gemini Enterprise for Financial Services puts a managed research agent behind entitlement-aware connectors to six commercial data vendors. The launch material never says how those licences price a machine reader.
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The first US spot Zcash product gives brokerage accounts price exposure to a privacy coin while holding its ZEC in transparent custody. Allocators now have to argue the asset, not the access.
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