News Heat Trend
Related news
Analysis: The Era of "Bitcoin vs. Banks" Is Ending, Trillion-Dollar Financial Institutions Accelerate Crypto Adoption
Odaily News: As Wall Street and global financial institutions accelerate their entry into the digital asset space, the boundaries between traditional finance (TradFi) and decentralized finance (DeFi) are gradually blurring. Bitwise CEO Hunter Horsley stated that the era of "going long Bitcoin and short bankers" is over, and financial institutions are pivoting to the other side of the crypto industry, driving digital asset adoption.Hunter Horsley noted that this summer, two financial institutions, each managing over $1 trillion in assets, approved the launch of crypto products in a bear market environment, showing that large institutions are expanding client access to digital assets. "Everyone put on the crypto jersey this year. Now, everyone is working for the crypto industry," Horsley said. He pointed out that these institutions, managing over a trillion dollars in client assets, would not have opened such services during the 2022 crypto market downturn, but are now actively embracing this sector.Fabian Dori, Chief Investment Officer at Sygnum, also believes the relationship between banks and the crypto industry has undergone a structural shift. "The trade of 'going long Bitcoin and short bankers' is over. Banks have moved from resisting digital assets to building, supporting, and distributing them through custody, tokenization, and compliant trading," a change driven primarily by growing client demand and gradually clarifying regulatory rules, rather than short-term market cycles.Nathan McCauley, CEO of Anchorage Digital, said that over the past two years, its client base has increasingly reflected the convergence of traditional and crypto finance. Large financial institutions typically choose to partner with specialized crypto infrastructure companies rather than building their own technology systems.In recent years, a growing number of financial institutions have entered the crypto space, including Swissquote, DBS Bank, BBVA, BNY Mellon, Credit Suisse-affiliated entities, as well as Morgan Stanley and Charles Schwab. (CoinDesk)
Anchorage
Bitcoin
Bitwise
CoinDesk
entry
Street
HashKey Exchange Receives JPMorgan Approval to Open Client Fund Accounts
Hong Kong-licensed cryptocurrency exchange HashKey Exchange has received approval from JPMorgan to open client fund accounts. HashKey Holdings stated that the account will support client fund segregation and settlement through JPMorgan's banking infrastructure. HashKey Exchange activated a client fund account with Singapore's DBS Bank on June 30, supporting fiat currency deposits, withdrawals, and settlement services. HashKey Holdings merged the previously independent HashKey Exchange and HashKey Global applications into a single entry point one week ago. HashKey Holdings was listed in Hong Kong in December last year, having raised $206 million through an oversubscribed initial public offering.
entry
HashKey Exchange
HashKey Global
June
Open
摩根大通
Visa Launches Global Visa Agentic Ready Program in Hong Kong to Support Institutions in Implementing AI Agent Payments
According to Hong Kong’s Ming Pao newspaper, payment giant Visa has announced the launch of its global Visa Agentic Ready program in Hong Kong. Built upon Visa’s core network and integrated with tokenization technology, identity verification, risk management, and authorization mechanisms, the program supports institutions in implementing AI agent-based payments. The first group of participating institutions includes Bank of China (Hong Kong), DBS Bank (Hong Kong), Hang Seng Bank, HSBC Hong Kong, Reap, Standard Chartered Hong Kong, and ZA Bank.
based
Hang
Reap
Visa