Banks still show interest in digital assets and DeFi amid market chaos By Cointelegraph
Banks still show interest in digital assets and DeFi amid market chaos
The cryptocurrency sector is the Wild Wild West in comparison to traditional finance, yet a number of banks are showing interest in digital assets and decentralized finance (DeFi). This year in particular has been notable for banks exploring digital assets.
Most recently, JPMorgan (NYSE:) demonstrated how DeFi can be used to improve cross-border transactions. This came shortly after BNY Mellon (NYSE:) — America’s oldest bank — announced the launch of its Digital Asset Custody Platform, which allows select institutional clients to hold and transfer (BTC) and Ether (ETH).