- Amid the ongoing global banking crisis, banks in Latin America and Europe continue to move toward the integration of blockchain technology and digital assets while banks in the U.S. move to cut off access for the industry.
"Once again, we are innovating in using financial technology in our clients' benefit,” said André Portilho, Head of Digital Assets at BTG Pactual. “When buying BTG Dol, investors have access to an easier, safer and smarter way to invest in dollars.” BTG Pacutal customers can now purchase the stablecoin through the BTG Pactual investment platform and on the Mynt app, with the minimum investment starting at R$100.Across the Atlantic in Europe, VP Bank, one of the largest banks in Liechtenstein, has announced a new partnership with digital asset infrastructure provider Metaco as the bank looks to consolidate its tokenization and digital asset custody operations.
VP Bank’s goal with its crypto platform is to create “a future-oriented offering combined with the customary security standards of a regulated bank.” For the past five months, VP Bank and Metaco have been working to integrate Harmonize into the bank’s core banking system, and the integration is now fully complete. This enables VP Bank to scale its commercial offerings to millions of custody accounts, which will be protected by a combination of multi-party computation and hardware encryption technologies.