Avanti got a bank charter. Here’s what's next on its agenda.


Founder Caitlin Long says the blockchain bank plans to issue a virtual currency and help hedge funds and family offices trade digital assets now that it has a special-purpose banking charter in Wyoming.


A Fed digital currency looks inevitable. So do the problems.


A Federal Reserve-issued digital dollar could speed up payments, expand financial access and reduce financial crime. But it also brings trade-offs that policymakers are only just beginning to consider.


JPMorgan Chase reorganizes blockchain units


After selling the rights to its Ethereum-based technology, the bank is rebranding a venture related to cross-border payments and creating a new umbrella group to oversee all blockchain-related efforts.


BNP Paribas out front on digital asset storage


National banks just got the OCC's go-ahead this summer to hold and transfer digital assets like bitcoin for customers, but the Paris-based bank has already vetted the technology needed to do the job.


BofA adapting consumer tech for use with corporate clients


Bank of America is applying a familiar arsenal — including APIs and its popular virtual assistant, Erica — to online business banking, cross-border payments and cash management in an effort to modernize those services.


Financial institutions, government still wary of crypto


Employees in the financial industry and public sector are considerably more worried about the risks posed by digital currency than those in the cryptocurrency field, a new survey finds.


Crypto exchange Kraken receives Wyoming bank charter


The company, which left New York in 2015 to avoid its regulations on virtual currencies, has found a more welcoming state.


State oversight of payments giants ‘a vestige of history,' Brooks says


In a sharp escalation of the battle over the future of the dual banking system, the acting chief of the Office of the Comptroller of the Currency suggested that states should defer to federal authority in supervising global money transmitters.


What's a blockchain bank? A Wall Street veteran building one explains.


Caitlin Long, a former Morgan Stanley and Credit Suisse managing director, is starting a special-purpose depository institution that will provide payment and custody services to institutional investors and corporate treasurers.


Underbanked households would benefit from a regulated blockchain


The OCC’s efforts to bring the technology into the financial mainstream could help people in underserved communities more securely execute payments.