IBM has announced the launch of Digital Asset Haven, a new platform to help financial institutions and governments securely manage and scale their digital asset operations. The platform aims to provide an integrated system for managing the entire digital asset lifecycle, covering custody, transactions, and settlement.
Kyrgyzstan has introduced a new stablecoin, KGST, pegged 1:1 to the national currency, the som. Additionally, the country has established a national cryptocurrency reserve to support its expanding blockchain ecosystem.
Global payments leader Western Union is preparing to launch a stablecoin-based settlement pilot, marking its most significant move toward blockchain-powered remittances. Specifically, the pilot aims to improve the company’s approach to managing its extensive payment network, which processes 70 million transactions quarterly across 200 countries and serves over 150 million customers worldwide.
The global crypto market rose sharply over the weekend, as Bitcoin and major altcoins gained on better economic news and large short liquidations. Market data showed that Bitcoin rose 3.4% on Sunday to a two-week high of $115,400, before stabilizing around $115,226.
JPMorgan Chase plans to launch a new program that will allow institutional investors to use Bitcoin and Ethereum as loan collateral by late 2025. The initiative will engage a third-party custodian to manage and protect the pledged crypto assets.
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