Episode Details

03rd July: Blockchain DXB podcast 🎙️
🏦 Ripple applies for US banking license 💰Euro stablecoin by Deutsche Bank & DWS🚦SEC Halts Grayscale Altcoin ETF 🔵 J.P. Morgan & S&P - Tokenized Carbon Credits?
🌏 The Wall Street Journal posted via X that Ripple has applied for a national banking license, joining the rush of cryptocurrency companies seeking to cross the divide into mainstream finance. A national banking charter would make the OCC a regulator of Ripple’s stablecoin Article here https://lnkd.in/dyGpi9yc
🔵 Brad Garlinghouse also confirmed via X I"f approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market." Earlier in the week Standard Custody & Trust Company they also applied for a Federal Reserve Board Master account
- Does Ripple use Blockchain technology?
- What impact does it have for the banking indsutry and crypto industry?
- Is Ripple following Circle on wanting bank charter
🔴 The U.S. Securities and Exchange Commission has indefinitely paused approval of Grayscale’s ETF conversion for its Digital Large Cap Fund (GDLC), which includes BTC, Eth and altcoins like XRP, Sol, + Cardano.
💡 While the SEC did fast-tracked the ETF application, it simultaneously issued a stay, delaying its effect without explanation. Analysts Eric Balchunas believes the SEC may be finalizing a broader framework for altcoin ETFs and is holding off until clearer guidelines are in place.
- Despite the delay, experts like `Bloomberg’s James Seyffart, CFA, CAIA and Balchunas remain confident that altcoin ETFs—including Solana and XRP—will likely be approved by the end of 2025. Info via X https://lnkd.in/d6VKXZ5E
📊 Deutsche Bank and DWS Group, in partnership with Galaxy Digital, have secured BaFin approval to launch EURAU, a MiCA-compliant euro stablecoin under their joint venture AllUnity https://lnkd.in/dBsPeXjv
- The stablecoin will offer institutional-grade proof-of-reserves and aims to integrate with regulated institutions, fintechs, and corporate treasuries. This marks a major step as Europe becomes a key battleground in the stablecoin race, especially after MiCA’s full implementation.
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