This move will see institutional investors gaining access to Ondo’s short-term US government Treasuries (OUSG) through a secure and transparent infrastructure
The rule had required reporting entities that act as custodians for crypto assets to include safeguarding liabilities and the corresponding assets as footnotes to financial statements
The survey, produced by the digital assets platform, highlighted that only 25 per cent of respondents said they were already prepared to be compliant with the incoming regulation
The issuing of the license is said to solidify the company’s position as a regulated infrastructure provider for banks, brokers, and asset managers across the region
The first two standards focus on asset integration and node operations, and are now available for General Members of the Blockchain Security Standards Council to review
The company says FV Bank account holders will be able to send outbound payments to beneficiaries in PYUSD without the need to mint the stablecoin themselves
09 January 2025Luxembourg Reporter: Clelia Frondaroli
The company says that the launch is part of Standard Chartered's global digital asset strategy and follows the introduction of digital asset custody services in the UAE
