BlackRock launches tokenized money market funds for stablecoin reserves
BlackRock has launched two blockchain-based money market products aimed at institutional cash management and stablecoin reserve operations. The August 3 rollout includes an onchain share class of the existing BlackRock Select Treasury Based Liquidity Fund and a newly created reserve vehicle, extending the asset manager’s tokenization strategy beyond BUIDL.
Standard Chartered Launches Institutional USDC Minting and Redemption in Dubai
Standard Chartered has become the first Global Systemically Important Bank to offer institutional clients direct access to USDC minting and redemption. The service was developed in partnership with Circle and launched through the bank’s operations in the Dubai International Financial Centre.
BNY Mellon Brings Bitcoin and Ether Custody to Abu Dhabi
BNY Mellon will offer institutional custody for Bitcoin and Ethereum through operations anchored in Abu Dhabi’s financial center, giving large investors a regulated TradFi-grade route into BTC and ETH. The service leans on the bank’s custody scale, about $59 trillion under custody, and its partnerships in the region to target institutions that require stronger oversight, […]