Binance, the world’s largest cryptocurrency exchange, has announced a strategic partnership with digital wallet provider SticPay to expand access to over 70 cryptocurrencies. SticPay CEO Sean Park confirmed this collaboration, which aims to provide users with more extensive cryptocurrency options.
Simultaneously, Binance is taking measures to divest its Russian business to CommEx for compliance reasons. Binance’s Chief Compliance Officer, Noah Perlman, has revealed that this decision was made to ensure the safeguarding of assets belonging to Russian account holders.
JP Morgan Chase, a prominent financial institution, made headlines recently when it prohibited cryptocurrency transactions in the UK due to concerns about fraud. Despite this, the bank is moving forward with its digital asset services, launching the Tokenized Collateral Network (TCN) through its Onyx Digital Assets platform. The platform successfully completed a transaction involving tokenized money market fund shares in collaboration with BlackRock and Barclays bank. BlackRock’s Tom McGrath emphasized the potential of tokenization in financial transactions.
In other blockchain-related news, Birake Exchange has formed a partnership with IDVerse (formerly OCR Labs) to integrate identity verification during customer onboarding. Birake Exchange operates on a blockchain powered by Birake Coin (BIR).
Quant, a notable blockchain company led by Gilbert Verdian, has introduced Overledger Authorise, a digital asset key management solution. It was successfully tested in Project Rosalind, a collaboration with the Bank for International Settlements. This solution is designed to enhance the security of blockchain transactions for financial institutions.
Ripple Markets APAC has achieved a Major Payments Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license will enable the company to issue digital payment tokens. Ripple CEO Brad Garlinghouse has expressed his appreciation for this milestone as an important step forward for the company.
