Asset manager DWS is planning to launch the first regulated euro-denominated stablecoin in 2025 under a new joint venture firm called AllUnity, the firm’s CEO Stefan Hoops told Reuters on July 11. Hoops said the stablecoin will be fully regulated...
The first client to use the tool will be a partnership between asset manager DWS, Flow Traders and Galaxy to manage a fully collateralized euro-denominated stablecoin, GK8 said.
Galaxy Digital teamed up with asset manager DWS last April to develop ETPs designed to give Europeans access to digital-asset investment through traditional brokerage accounts.
“Stablecoins will become important in the future” On the 14th, startup incubation company Y Combinator announced a list of areas it would like startups to work on. “Finance using stable coins” is also listed as one of the recommended areas. Y...
Establishing a new company with stable coins Dutch market maker Flow Traders has partnered with Deutsche Bank’s DWS Group and major US cryptocurrency investment company Galaxy Digital to establish a company to issue euro-denominated stablecoins....
The inherent value of digital currencies remains a hot topic of dispute for legacy fund managers, ignited by the $900 billion German asset manager DWS Group holding two contrasting viewpoints on crypto within the firm. While DWS is poised to...
Deutsche Bank subsidiary DWS Investment Management Americas must settle with the SEC over anti-money laundering and other compliance failures.
The post Deutsche Bank Subsidiary DWS Fined $25 Million for AML and Reporting Failures appeared first on...
Planning to start a virtual currency custody business Deutsche Bank AG, a global megabank, announced on the 20th that it has applied for regulatory approval to operate a custody service for digital assets such as crypto assets (virtual currencies)....
Deutsche Bank, a major German bank, announced on June 20 that it had applied to develop a crypto asset (virtual currency) custody business in Germany. “We have applied for a BaFin license for crypto custody,” a Deutsche Bank spokesperson told...
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