Latest FinTech & Blockchain News
UBS Plans Crypto Trading for Select Private Banking Clients
UBS is preparing to offer cryptocurrency trading, starting with Bitcoin and Ether, to select private banking clients in Switzerland, potentially expanding to Asia Pacific and the US. This marks a shift for the $4.7 trillion asset manager amid peer competition post-Trump's return. Discussions with partners are ongoing, focusing on blockchain tech and risk controls.
Coincheck Signs Deal to Acquire Ontario-Based 3iQ
Coincheck Group agreed to acquire 97% of Canadian digital asset manager 3iQ for USD 111.8 million, expected to close in Q2 2026 pending approvals. 3iQ, a pioneer since 2017, offers regulated Bitcoin, Ether, Solana, and XRP products on the Toronto Stock Exchange. The deal combines Coincheck's Japanese retail base with 3iQ's institutional expertise.
McKinsey Report: B2B Payments Dominate Stablecoin Usage
Research with Artemis Analytics shows B2B payments account for $226 billion (60%) of stablecoin activity, led by Asia at $245 billion. Supply grew from $30 billion in 2020 to over $300 billion, projected to $2-4 trillion by 2030. Institutions urged to evaluate blockchain data for real use cases.
Bloomberg: Stablecoins Future But Banks Will Survive
Stablecoins pose minimal threat to banks as they complement deposits, per historical parallels like the National Banking Era. Banks worry over deposit drains, but evidence suggests coexistence. Article emphasizes stablecoins' role without upending banking.