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BCB Group migrates custody to Metaco’s platform, enhancing security and governance. Ripple’s strategic acquisition of Metaco strengthens its position in the crypto industry. The collaboration aims to drive innovation and efficiency in digital asset operations. In a strategic maneuver in collaboration with Ripple, Metaco, and IBM Cloud, BCB Group has transitioned its custody operations to Metaco’s platform, a move aimed at streamlining its digital asset management. The London-based firm, known for providing payment and trading services to major crypto institutions, including Gemini and Kraken, has chosen Metaco’s flagship platform to enhance the security and efficiency of its operations. This decision marks a significant shift for BCB Group, which has migrated from a third-party digital asset technology provider to leverage Metaco’s advanced custody orchestration platform . With this move, BCB Group aims to centralize its cust...

The Central Bank of Russia also hopes to interlink its CBDC with the payment systems of China, India, and the UAE. Russia’s central bank is considering 2025 as the year when its digital ruble (a local central bank digital currency, CBDC) will be widely used in the country. Russian state-owned news agency TASS reported the news, citing the first deputy governor of the Bank of Russia, Olga Skorobogatova. As per her words, the financial regulator sees a digital ruble as an addition to its current set of payment methods: the Faster Payments System, the country’s Mir payment cards, QR code/NFC payments, biometrics-based payments, and cash. You might also like: Swift to beta test CBDC interlinking solution with central banks It is yet to be seen if Russia eventually plans to oblige its citizens to accept state salaries, pensions, or social security benefits using only the CBDC. Previously, it happened with Mir, a state-run card payment system the country launched in 2...

Join Our Telegram channel to stay up to date on breaking news coverage Grayscale Investments, the largest digital asset management firm, is looking to launch three new crypto exchange-traded funds. The firm’s plan for the launch comes as it awaits a court ruling on converting the Grayscale Bitcoin Trust (GBTC) into an ETF. Grayscale readies to launch 3 new crypto ETFs Grayscale has made a filing to launch these products despite regulatory uncertainty around crypto ETFs. The US Securities and Exchange Commission (SEC) has failed to approve any application for a spot Bitcoin ETF. The SEC has instead approved several Bitcoin futures ETFs. However, Grayscale is adamant about bringing a spot crypto ETF to the market. The asset manager wants to launch a Global Bitcoin Composite ETF that will invest in exchange-traded products that have exposure to Bitcoin or are backed by Bitcoin. The ETF will also invest in Bitcoin mining companies. Eric Balchunas, an analyst with Bloombe...