The phrase “we are still early” remains a popular sentiment in the crypto community in 2025, suggesting that despite bitcoin’s (BTC) price surpassing $100,000, the overall adoption of digital assets is still in its infancy. Morgan Stalney’s recent survey of financial professionals confirms this sentiment. The investment banking giant surveyed more than 500 summer interns … Read more
State Street, a Boston-based custody bank with $49 trillion in assets under its watch, is pushing deeper into digital assets by joining JPMorgan’s blockchain-based tokenized asset platform Digital Debt Service as the first third-party custodian. The first transaction State Street anchored was a $100 million tokenized commercial paper issuance by the Oversea-Chinese Banking Corporation (OCBC), … Read more
Crypto exchange Gemini filed an updated registration statement for its initial public offering effort, sharing a few more details in its push to become a publicly traded firm. Goldman Sachs (GS), Citigroup (C), Morgan Stanley (MS) and Cantor acting as lead bookrunners on the IPO, Gemini said in a press release Friday. Evercore ISI, Mizuho, … Read more
Jamie Dimon, CEO of global banking giant JPMorgan (JPM), said the bank plans to get more involved in stablecoins, even as he questioned their practical utility compared to traditional payments. “We’re going to be involved in both JPMorgan Depositcoin and stablecoins to understand it, to be good at it,” Dimon said during the bank’s Tuesday … Read more
US-based banks are voicing their intentions to expand crypto involvement, in the backdrop of US President Donald Trump’s return to the White House with promises of pro-crypto regulations. Morgan Stanley CEO Ted Pick reportedly said that the bank wishes to explore if it can act as a crypto transactor while keeping its regulatory obligations intact. … Read more