# Banking Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Banking", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

HSBC and Standard Chartered Execute First Transaction on SWIFT Blockchain System

HSBC and Standard Chartered have conducted the first interbank transaction using tokenized deposits on SWIFT's blockchain infrastructure. The DLT solution orchestrated the process by matching the parties’ obligations and netting reciprocal claims before final settlement via existing systems. Commitments in tokenized form were recorded using HSBC's Tokenised Deposit Service and Standard Chartered’s digital infrastructure. This pioneering real transaction within SWIFT’s ledger demonstrated interoperability of digital bank money across different organizations while maintaining existing regulatory oversight and controls. HSBC's head of digital assets highlighted the potential for corporate clients to simplify liquidity transfers between banks, increase transparency of cash positions, and reduce complexity in cross-border operations. SWIFT had announced readiness of its blockchain ledger in July 2026, with 17 banks across six continents preparing for pilot operations. The company has been experimenting with interoperability between traditional systems, CBDCs, and cryptocurrencies since 2022 and integrated blockchain into its tech stack in September 2025. Separately, major US banks like JPMorgan Chase and Citigroup are planning to launch a tokenized deposit network in the first half of 2027.

cryptonews.ru08/19 13:11

HSBC and Standard Chartered Execute First Transaction on SWIFT Blockchain System

cryptonews.ru08/19 13:11

Bank of Russia: 12 Largest Banks to Connect Digital Ruble from September 1, 2026

The Central Bank of Russia (CBR) announced that all 12 of the country's systemically important banks will be ready to offer clients digital ruble accounts and transactions starting September 1, 2026. According to Alla Bakina, director of the CBR's national payment system department, these banks cover over 80% of the domestic payment market. The digital ruble is described as a new form of the existing currency, functioning as a cashless payment method but held directly in a user's wallet on the CBR platform. Nine other banks designated as significant payment market participants are also expected to provide access, with most aiming to complete integration by autumn 2026. Starting from the September launch date, major retail chains with annual revenue exceeding 120 million rubles will be required to accept digital ruble payments, though adoption for citizens remains voluntary. The rollout follows a delayed pilot phase, with mass implementation postponed from 2025. The CBR's model currently offers basic account functionality without interest accrual, unlike China's digital yuan, which began paying interest in early 2026. The announcement positions Russia among dozens of countries testing Central Bank Digital Currencies (CBDCs), though the digital ruble's potential role in cross-border settlements, particularly within BRICS, remains an open question for its future international relevance.

cryptonews.ru08/19 08:15

Bank of Russia: 12 Largest Banks to Connect Digital Ruble from September 1, 2026

cryptonews.ru08/19 08:15

Money20/20 Middle East returns to Riyadh as global fintech leaders gather to shape the future of finance

Money20/20 Middle East will return to Riyadh from September 14-16, 2026, solidifying Saudi Arabia's position as a fast-growing fintech hub. Hosted by key Saudi financial authorities and co-organized by Tahaluf and Fintech Saudi, the event expects over 38,000 attendees, 350+ exhibitors, 350+ speakers, 600+ investors, and 150 startups. It will gather global regulators, institutions, innovators, and investors to explore trends shaping finance's future across six key content pillars. An initial speaker lineup includes executives from Citi, State Street, BlackRock, Deutsche Bank, and Tabby. Founding Partners Visa and Tamara, along with several Strategic and Platinum Sponsors, have confirmed support. The event will feature keynote discussions, forums, and leadership sessions at the Riyadh Exhibition & Convention Centre, aiming to build partnerships and define the next chapter of global financial services.

cointelegraph08/18 17:31

Money20/20 Middle East returns to Riyadh as global fintech leaders gather to shape the future of finance

cointelegraph08/18 17:31

South Korea’s Jeonbuk Bank taps Ripple for cross-border payments

South Korea's Jeonbuk Bank has partnered with Ripple to implement its Ripple Payments platform for business customers. The service aims to enable near-instant, 24/7 cross-border transfers, offering a faster and cheaper alternative to traditional SWIFT-based transactions. While targeting businesses like import-export firms and tech startups, specific details on availability, supported currencies, corridors, fees, and whether it will use XRP, RLUSD, or other settlement methods were not disclosed. This marks Ripple's third partnership with a South Korean financial institution this year.

cointelegraph08/18 13:11

South Korea’s Jeonbuk Bank taps Ripple for cross-border payments

cointelegraph08/18 13:11

South Korean Jeonbuk Bank partners with Ripple for cross-border payments

South Korea's Jeonbuk Bank has partnered with blockchain payments firm Ripple to implement a cross-border payment system for its corporate clients. Using Ripple Payments, clients, including import/export companies, tech startups, and online content creators, can conduct international money transfers 24/7 in seconds or minutes. Ripple claims this system will be faster and cheaper than traditional SWIFT transfers, which can take several days. The companies did not disclose the service's current availability, supported corridors, currencies, fees, or expected transaction volumes. It is also unclear whether transfers will utilize XRP, Ripple's RLUSD stablecoin, another digital asset, or traditional fiat settlement. This marks Ripple's third partnership with a South Korean financial institution this year, following deals with Kyobo Life Insurance for on-chain government bond settlement and Kbank for institutional wallet infrastructure.

cryptonews.ru08/18 05:15

South Korean Jeonbuk Bank partners with Ripple for cross-border payments

cryptonews.ru08/18 05:15

EtherFi Founder Criticizes: All Crypto Apps Are Variants of Casinos, We Choose to Be a "Boring" Bank

**Title:** EtherFi Founder Criticizes Crypto "Casino" Apps, Embraces "Boring" Banking Model **Summary:** EtherFi CEO Mike Silagadze argues that mainstream crypto applications like Pump.fun, CEXs, and Polymarket are merely "casino" variants—highly profitable but failing to retain ordinary users. In contrast, EtherFi is pursuing a "boring" and sustainable path by building a self-custody neobank that aims to function as a new brokerage. The platform's summer rollout introduces key features aligned with this vision: expanded fiat on-ramps, an integrated Aave credit line, and tokenized stocks/metals (starting with xStocks). This marks a progression from its initial focus on savings (via liquid restaking vaults) and spending (stablecoins & card) to now include "investing" and "borrowing." A core anti-casino design is embedded in its new Aave-powered lending market. Unlike typical DeFi lending pools which Silagadze calls "woodchippers" for users, EtherFi's system features a conservative threshold that halts further borrowing well before liquidation, aiming to serve as a personal finance tool rather than a high-leverage gambling venue. Silagadze highlights the untapped potential, noting that traditional neobanking is a $300 billion revenue industry—roughly 300 times larger than current DeFi. He believes moving beyond the "casino" phase is crucial for crypto's real economic accumulation. Looking ahead, EtherFi's "Autumn" update plans to add a social, peer-to-peer layer, envisioning money transfers that instantly create functional, self-sovereign accounts for recipients. The success of this neobroker model against the dominant "casino" narrative remains to be seen, but EtherFi is positioning itself as a leading contender in the shift.

marsbit08/17 07:36

EtherFi Founder Criticizes: All Crypto Apps Are Variants of Casinos, We Choose to Be a "Boring" Bank

marsbit08/17 07:36

Strategy CEO Highlights 7 Factors That Will Give Bitcoin New Momentum This Fall

The CEO of Strategy, Phong Le, outlined seven factors that could boost Bitcoin's momentum this autumn, according to an August 16 statement. He noted potential catalysts including regulatory innovation exceptions, progress on the U.S. CLARITY Act legislation, broader banking adoption for Bitcoin, growth in digital lending and digital money, macroeconomic stability, geopolitical progress, and the U.S. midterm elections. Le framed these as possible market catalysts rather than specific price targets. Regulatory developments were highlighted as key, such as a potential SEC innovation exemption for tokenized securities and the upcoming Senate vote on the CLARITY Act, which aims to establish a digital asset market framework. Additionally, federal banking guidance from the OCC now allows national banks to offer crypto custody and stablecoin services with proper risk controls. The article also details how banks are expanding into digital assets, with some seeking national trust charters. It points to digital credit and stablecoins as institutional channels, and mentions Bitcoin ETFs as a way for traditional investors to gain exposure. Overall, the convergence of these regulatory, financial, and political factors is seen as potentially revitalizing the Bitcoin market in the coming months.

cryptonews.ru08/16 22:46

Strategy CEO Highlights 7 Factors That Will Give Bitcoin New Momentum This Fall

cryptonews.ru08/16 22:46

Israel's Largest Bank Enlists Galaxy to Organize Bitcoin, Ethereum, and Solana Trading

Israel's largest bank, Bank Leumi, has partnered with Galaxy Digital to allow its clients to trade Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) through its investment platform, Leumi Trade. The service is expected to launch in early 2027. Clients of Leumi and its mobile banking subsidiary Pepper will be able to buy, hold, and sell these three cryptocurrencies directly within the bank's app. This move will make Leumi the first Israeli bank to offer digital asset trading to its customers. Leumi will utilize Galaxy's GalaxyOne Institutional platform for trading and related services, with Galaxy's custody platform (formerly GK8) providing the digital infrastructure. This partnership comes after Galaxy reported an $85 million net loss in Q2, attributed largely to falling digital asset prices. However, the company's digital assets business unit posted $66 million in adjusted gross profit, a 34% increase from the prior quarter.

cryptonews.ru08/14 19:27

Israel's Largest Bank Enlists Galaxy to Organize Bitcoin, Ethereum, and Solana Trading

cryptonews.ru08/14 19:27

Israel’s largest bank taps Galaxy to offer Bitcoin, Ether, Solana trading

Israel's largest bank, Bank Leumi, has partnered with Galaxy Digital to enable customer trading of Bitcoin (BTC), Ether (ETH), and Solana (SOL) through the bank's investment platform, with a planned launch in early 2027. Customers of Leumi and its mobile arm, Pepper, will be able to buy, hold, and sell the cryptocurrencies via the Leumi Trade app, making it the first Israeli bank to offer such services. Leumi will utilize GalaxyOne Institutional for trading and Galaxy's custody infrastructure for security. This partnership follows Galaxy Digital reporting an $85 million net loss in Q2, attributed to falling digital asset prices, although its digital assets business saw a 34% quarterly increase in adjusted gross profit to $66 million.

cointelegraph08/14 15:55

Israel’s largest bank taps Galaxy to offer Bitcoin, Ether, Solana trading

cointelegraph08/14 15:55

JPMorgan Terminates Banking Relationship with Polymarket Due to Regulatory Concerns: Report

JPMorgan Chase has terminated its banking relationship with prediction market platform Polymarket due to regulatory concerns, according to a Financial Times report. The bank notified Polymarket in October 2025 that it needed to find a new financial institution. Polymarket has since moved to an unnamed other lender. Despite ending the banking arrangement, JPMorgan maintains other business ties with Polymarket and is reportedly interested in a potential underwriting role if the platform pursues a public listing. Polymarket stated it continues to have a "close, active relationship" with the bank. Prediction markets like Polymarket are facing increased regulatory scrutiny globally. In the U.S., over a dozen states have taken legal action against Polymarket, rival platform Kalshi, or both, specifically regarding contracts on sporting events. Authorities in several other countries have also blocked or restricted access to the platform.

cryptonews.ru08/14 11:28

JPMorgan Terminates Banking Relationship with Polymarket Due to Regulatory Concerns: Report