V-Bank secures crypto custody license, joins ECB's CBDC pilots with Deutsche Bank and Commerzbank

20.08.2024 27 times read 0 Comments Read out

V-Bank receives crypto custody license and drives blockchain innovation forward

The Munich-based V-Bank has received its cryptocurrency custody license after a three-year application process involving around 1,000 pages. This new license allows the bank to offer innovative services to its clients and participate in the European Central Bank's (ECB) wholesale CBDC pilots alongside major German banks like Deutsche Bank and Commerzbank. According to Coin Kurier, this development highlights traditional financial institutions' growing interest in crypto and blockchain technology.

The role blockchain will play in asset management

A recent article from Payment & Banking discusses how tokenization is one of the hottest topics in fintech today. The V-Bank, now holding a cryptocurrency custody license as only the second full-service bank in Germany after Commerzbank, actively engages with crypto and blockchain technologies. They are part of ECB’s wholesale CBDC pilot projects along with other significant German banks such as Deutsche Bank and DZ Bank.

TON Blockchain on the rise: The 6 best Telegram dApps

Toncoin (TON), originally developed by Telegram developers, has seen explosive growth due to seamless integration with Telegram that simplifies onboarding for new users. Bitcoin2Go reports on six popular decentralized applications (dApps) within TON's ecosystem including DeDust—a decentralized exchange—and Notcoin—an engaging click-to-earn game attracting millions of users since launch.

BRICS payment system: 159 countries support de-dollarization with blockchain technology

Krypto Guru reveals that nearly 159 countries have shown interest in adopting BRICS’ newly announced payment system aimed at reducing reliance on the US dollar through blockchain technology. Launched just two weeks ago, this initiative could shift economic power balances globally by facilitating cross-border transactions without depending on SWIFT or USD dominance.

With strong fundamentals, Tron can overtake Cardano in market rankings – Should investors bet on TRX or ADA?

Crypto News Flash details how Tron's strong fundamentals—including increasing daily active addresses and higher stablecoin transaction volumes—are pushing it closer to overtaking Cardano in market capitalization rankings on CoinMarketCap. Despite broader market volatility affecting cryptocurrencies worldwide, Tron maintains stability showing resilience against economic fluctuations.

Tether decides to integrate USDT into the Aptos network

Tether expands its reach by integrating USDT into Aptos’ first-layer blockchain network founded by former Meta engineers Mo Shaikh and Avery Ching. Cryptodnes.bg notes that this move aims at providing scalable infrastructure for decentralized apps while offering lower transaction costs compared to networks like Ethereum where Tether also operates extensively.

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Article Summary

V-Bank has received a cryptocurrency custody license, enabling it to offer innovative services and participate in ECB's CBDC pilots. Additionally, blockchain technology is gaining traction in asset management, TON Blockchain dApps are growing rapidly, BRICS countries support de-dollarization with blockchain payments, Tron shows strong fundamentals potentially overtaking Cardano, and Tether integrates USDT into the Aptos network for scalable infrastructure.