Tag: financial inclusion
New York Community Bank to Serve as Custodian for USDC Stablecoin Reserves, Circle Announces Partnership
Circle, the issuer of the USD coin (USDC) stablecoin, has announced a strategic partnership with New York Community Bank (NYCB), a community bank with branches across several states. The collaboration aims to leverage NYCB’s custodial services and work on developing low-cost financial solutions for underserved communities.
Switzerland Authorities Approve First Retail Tokenized Securities Platform
In a landmark move, the Swiss Financial Market Supervisory Authority (FINMA) has granted approval to the first-ever retail tokenized securities trading platform in the country. This paves the way for wider public participation in previously exclusive private markets, marking a significant step towards the digitization of traditional finance.
