Standard Chartered and Deutsche Bank explore take their Bitcoin services to the US: Report
By Hannah Pérez
Standard Chartered and Deutsche Bank would be contemplating expanding services with cryptocurrencies to the United States through a bank consortium.
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- Standard Chartered and Deutsche Bank interested in cryptocurrencies in the United States.
- Both banks would be raising cryptocurrency services through a consortium.
- It occurs in the middle of the change of regulatory winds under the administration of Trump.
As Donald Trump’s administration embraces cryptocurrencies, international banks are seeing the United States as a potential market to expand their digital asset services.
The giants banks Deutsche Bank and Standard Charterednative to Germany and the United Kingdom, respectively, are two that are apparently interested in carrying their services with Bitcoin to the American territory.
According to a report from Wall Street Journal (WSJ) this Monday, both international banks They are exploring options – through a consortium – to expand their cryptocurrency operations in the United States.
The report, which cites familiar sources, does not say how advanced the banks are in their plans, but points out that their renewed interest occurs when traditional finances venture to cryptocurrencies after moving away from the collapse of FTX in 2022 and the closure of banks that attended cryptocurrencies in 2023.
The effort also coincides with the regulatory change promoted by the Trump administration, who has promised to make the United States a country friendly with cryptocurrencies.
Trump has drawn plans to promote new laws on cryptocurrencies this year and two laws to regulate Stablcoins are already discussed in the US Congress. UU., With the president saying that he hopes to sign a project before August.
Deutsche Bank and Standard Chartered They move towards crypto
Deutsche Bank and Standard Chartered They are not new in the sphere of digital currencies. The first, with an assessment of USD $ 900 billion, became a pioneer in Blockchain When technology explorations began in 2015.
The German giant has been open since then to new financial technologies, with advances in areas such as Tokenization, Stablecoins Management and more recent launching its own network Blockchain layer 2 of Ethereum. Deutsche Bank It also supports the operations to create digital assets market Keyrocks and look for a cryptocurrency custody license in Germany.
Standard Chartered Nor is it alien to the emerging asset class. The British multinational of financial services, with an assessment of USD $ 300 billion, launched cryptocurrency services in Europe after guaranteeing a license in Luxeburg at the beginning of the year in compliance with local Mica regulation.
That institution has also shared numerous optimistic price readings and projections for Bitcoin. Both aforementioned banks joined in 2023 to test a solution of alternative interbank payments to swift based on Blockchain.
The range of cryptocurrency services that Deutsche Bank and Standard Chartered The United States would carry could include trade, tokenization and custody solutions of Bitcoinwith the intention of satisfying the growing demand for institutional investors of services related to cryptocurrencies.
In the same article, Wall Street Journal He also said that main companies in the cryptocurrency industry such as Bitgo, Coinbase and Circle They would be interested in bank licenses to operate as banks in the United States as the government embraces the kind of assets, and in the midst of merger movements between both worlds, traditional finance and crypto.
Hannah Estefanía Pérez / Diariobitcoin
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