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Goldman Sachs and Bank of New York Mellon have developed a system allowing institutional investors to purchase tokenized money market funds, marking a significant advancement in the digitization of the $7.1 trillion money market industry. The initiative enables BNY clients to invest in money market

PNC Bank announced Tuesday it will offer cryptocurrency services to institutional and banking clients through a partnership with digital asset exchange Coinbase, making it one of the largest U.S. banks to embrace digital assets at scale. What to Know: PNC will use Coinbase's infrastructure to let cl

Crypto custody startup BitGo confidentially filed for a U.S. public listing Monday, joining a surge of companies seeking to capitalize on the cryptocurrency sector's climb to a $4 trillion market value. The filing comes as Bitcoin recently breached $120,000 and regulatory clarity has sparked renewed

JPMorgan Chase is exploring plans to offer loans backed by clients' cryptocurrency holdings, including Bitcoin and Ethereum, as early as next year, according to a Financial Times report citing people familiar with the matter. The potential move represents a significant shift for the nation's largest

Bitcoin surged to a record above $123,000 this week, but analysts say institutional investors remain largely on the sidelines despite growing regulatory clarity from Washington. The cryptocurrency's latest rally has been driven primarily by retail investors and corporate treasury buyers rather than