Deutsche Bank and Standard Chartered, in Consortium, Explore U.S. Expansion for Bitcoin Services

Deutsche Bank, valued at $900 billion, and Standard Chartered, with a valuation of $300 billion, are part of a consortium of banks exploring the expansion of their cryptocurrency operations into the United States, according to a report by the Wall Street Journal. The move is part of a broader trend in the banking sector to engage with digital assets. The banks are considering various services, including trading, tokenization, and custody solutions for Bitcoin and other cryptocurrencies, as they seek to meet the growing demand from institutional investors for crypto-related services. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant