Coming each Saturday, Hodler’s Digest will aid you monitor each single essential information story that occurred this week. The very best (and worst) quotes, adoption and regulation highlights, main cash, predictions and way more — every week on Cointelegraph in a single hyperlink.

High Tales This Week

JPMorgan executes first DeFi trade on public blockchain

A cross-border forex swap was carried out on a public blockchain by JPMorgan as a part of a pilot program involving the Financial Authority of Singapore’s (MAS) Venture Guardian, SBI Digital Asset Holdings, Oliver Wyman Discussion board and DBS Financial institution. The Polygon blockchain hosted the swap between tokenized deposits of the Japanese yen and the Singapore greenback, helped by sensible contract expertise from Aave.

UnionBank of the Philippines launches Bitcoin and Ethereum trading

Philippine banking large UnionBank now affords sure retail purchasers entry to Bitcoin and Ether buying and selling and custody, because of a collaborative pilot between the financial institution and crypto firm Metaco. The providing from UnionBank makes use of Harmonize, a platform from Metaco. UnionBank operates below the regulatory approval of the Bangko Sentral ng Pilipinas, the central financial institution of the Philippines. The providing has been nearly a yr within the making, the results of a January 2022 partnership between Metaco and UnionBank. That is additionally not UnionBank’s first foray into the crypto sector.

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