Major Banks Move Into Crypto Infrastructure and Stablecoins
JPMorgan launched its JPM Coin on Ethereum for institutional clients, allowing dollar transfers on blockchain. Franklin Templeton invested $150 million directly into the XRP Ledger blockchain. Standard Chartered opened bitcoin and ethereum trading for UAE wealthy clients and announced custody for stablecoins. HSBC rolled out stablecoins to over 3 million users in its app, including a Hong Kong dollar version called RedCoin. Deutsche Bank is preparing crypto custody services in Germany with Asia expansion planned. BNY Mellon discussed infrastructure partnerships connecting traditional banking with crypto. These moves show major financial institutions are no longer avoiding blockchain but actively building foundational infrastructure for institutional adoption.
Pourquoi c'est important
When major banks enter crypto, it signals the technology is becoming legitimate and trusted by established finance. This makes crypto safer and more accessible for regular people who want to participate through their existing banks.
