#institutional-clients

[rwatimes]

As Standard Chartered starts minting USDC, has it become a Circle correspondent bank?

Standard Chartered has launched a service enabling institutional clients to mint and redeem Circle's USDC stablecoin through its Dubai International

➤ Standard Chartered has launched a service allowing institutional clients to mint and redeem Circle's USDC stablecoin via its Dubai operations. ➤ This service enables clients to convert fiat to USDC through their existing banking relationship, supporting treasury management and settlement. ➤ The bank aims to be the first G-SIB to offer integrated USDC access without requiring clients to have direct accounts with Circle, potentially scaling stablecoin distribution globally.

[rwatimes]

Standard Chartered and Circle Launch USDC Minting via Bank Rails

Standard Chartered and Circle have announced a new, bank-led workflow for institutional clients to mint and redeem USDC, positioning stablecoin access inside a traditional banking onboarding process. The system is designed to reduce the operational friction of dealing separately ...

➤ Standard Chartered and Circle have launched a new bank-led workflow allowing institutional clients to mint and redeem USDC directly through Standard Chartered's banking platform. ➤ This initiative, starting in the DIFC, aims to reduce operational friction and integrate stablecoin access within traditional banking risk and compliance frameworks. ➤ The partnership signifies a shift in stablecoin distribution towards institutional adoption and integration with established financial infrastructure.

[rwatimes]

Standard Chartered, Circle Bring USDC Into Banking System

➤ Standard Chartered and Circle have partnered to integrate USDC stablecoin minting and redemption directly into the traditional banking system for institutional clients. ➤ This initiative, initially launching in the UAE's DIFC, aims to bring stablecoin services under existing banking risk, compliance, and governance frameworks. ➤ The collaboration supports institutional use cases like on-chain settlement and treasury management, signaling a growing convergence between traditional finance and digital assets.

[rwatimes]

Standard Chartered Launches USDC Minting and Redemption Service for Institutional Clients

Standard Chartered has launched institutional USDC minting and redemption with Circle, expanding regulated stablecoin services for clients.

➤ Standard Chartered has launched direct USDC minting and redemption services for institutional clients in partnership with Circle, becoming the first G-SIB to offer this through a regulated banking channel. ➤ This new service allows eligible clients to access USDC via Standard Chartered's platform without needing a separate Circle account, simplifying treasury and settlement operations. ➤ The initiative highlights growing institutional demand for regulated stablecoin infrastructure and reinforces the UAE's position as a hub for digital asset innovation, despite increasing competition in the stablecoin market.

[rwatimes]

Anchorage Digital Adds Off-Exchange Settlement for Binance

Anchorage Digital says it has integrated its off-exchange settlement system with Binance, enabling select institutional clients to trade on Binance without depositing their crypto or cash directly onto the exchange. Instead, clients’ assets and funds can remain in qualified custo...

➤ Anchorage Digital has integrated its off-exchange settlement system with Binance, allowing institutional clients to trade without depositing assets directly onto the exchange. ➤ This model enables clients to use assets held in qualified custody at Anchorage as collateral for Binance's margin requirements, separating custody from trade execution. ➤ The integration aims to reduce counterparty risk and improve capital efficiency, aligning with a broader industry trend of off-exchange settlement solutions for institutional crypto trading.

[rwatimes]

Binance partners with Anchorage Digital to expand its Banking Triparty product

Binance has partnered with Anchorage Digital to expand its Banking Triparty product, enabling institutional clients to trade on Binance while keeping assets in segregated, qualified custody with Anchorage Digital.

➤ Binance has partnered with Anchorage Digital to enhance its Banking Triparty product, offering institutional clients segregated custody services. ➤ This integration allows eligible clients to trade on Binance while their assets are secured by Anchorage Digital, providing a familiar model to traditional finance. ➤ The expanded service supports collateral management across cash, crypto, and select tokenized RWAs like money market funds, improving capital efficiency.

[rwatimes]

BNY unlocks USDC minting and redemption for institutional clients

BNY has added USDC minting, redemption, custody and transfer services to its Digital Asset Custody platform, giving institutional clients direct access to Circle’s stablecoin through the bank. According to BNY, the update allows clients to turn U.S. dollars into USDC…

➤ BNY Mellon has integrated USDC minting, redemption, custody, and transfer services into its Digital Asset Custody platform, offering institutional clients direct access to Circle's stablecoin. ➤ This expansion moves BNY Mellon beyond its role as a reserve custodian for USDC to providing direct stablecoin services, aligning with broader industry trends of major financial institutions developing stablecoin-related products. ➤ The move signifies growing institutional demand for digital cash infrastructure and positions BNY Mellon to support more stablecoins and digital cash workflows in the future.

[rwatimes]

BNY Expands Institutional Crypto Custody with USDC Minting and Redemption

BNY has upgraded its Digital Asset Custody platform to support client use of Circle’s USD Coin (USDC), adding the ability for institutional users to convert US dollars to USDC, store it, and later redeem it back into dollars through the bank. The bank says this makes USDC the fir...

➤ BNY has enhanced its Digital Asset Custody platform to support Circle's USDC, enabling institutional clients to convert USD to USDC, store it, and redeem it back to USD. ➤ This integration positions USDC as the first stablecoin on BNY's platform, with plans to include other stablecoins and digital cash workflows, aligning with broader institutional adoption of stablecoin infrastructure. ➤ The move leverages BNY's existing role as a custodian for USDC reserves and signifies a trend of traditional financial institutions treating stablecoins as a standardized, regulated layer for financial operations.