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Rashawn Russell, a former investment banker and registered broker who once worked for Deutsche Bank, has pleaded guilty to a series of charges related to cryptocurrency investment fraud. Russell’s actions have sent shockwaves through the…

Switzerland-based financial institution SEBA Bank is on the cusp of offering crypto-related services in Hong Kong. The Hong Kong Securities and Futures Commission has granted SEBA Bank an approval-in-principle, a significant step toward…

In a significant development, Hong Kong’s largest bank, HSBC Holdings Plc, is offering Bitcoin-linked ETFs. The Chinese territory is looking to position itself as a global hub for cryptocurrencies. Despite last year’s market volatility,…

PostFinance, a Swiss retail bank owned by the government, is set to offer its customers cryptocurrency trading and storage services through a partnership with local cryptocurrency bank Sygnum. The move is in response to growing demand from…

SBI Holdings, a Japanese financial services firm, is to lead an ongoing strategic fundraising round for Swiss digital asset bank Sygnum. Sygnum, which holds a Swiss banking license, said Tuesday it has secured an “eight-figure” U.S.…

Deutsche Bank has joined the growing ranks of large financial institutions exploring cryptocurrency custody, with aspirations to offer high-touch services to hedge funds that invest in the asset class.The Deutsche Bank Digital Asset Custody…

Deposits from digital currency customers now make up nearly 16% of total deposits at New York’s Signature Bank. In an earnings call Thursday, Signature revealed that deposits from customers in the crypto industry now total $10 billion…