Global Bank Crypto Adoption Tracker

30 of 30 initiatives · sorted by latest status change

• Stablecoin issuance · United Kingdom / Hong Kong

  HSBC

  HSBC Hong Kong stablecoin (HSBC RedCoin)

  regulatory

  Approved / authorised2026-04-10

  technical

  Unknown

  commercial

  Live — commercial, within explicit scope2026-10-23

  • PrimaryHong Kong Monetary Authority ↗2026-04-10
  • Official institutionalHSBC ↗2026-09-30
  • Official institutionalHSBC ↗2026-10-23

  Last change 2026-10-23 · verified 2026-10-23

  Status history (3)

  1. 2026-04-10 · regulatory: Approved / authorised. HKMA granted stablecoin issuer licence.
  2. 2026-09-30 · commercial: Announced / exploring. Product named, phased rollout announced.
  3. 2026-10-23 · commercial: Announced / exploring → Live — commercial, within explicit scope. HSBC RedCoin (RCHKD) available from today on PayMe by HSBC; over 3.3 million PayMe users able to activate a wallet in the coming days.

  regulatory note: HKMA stablecoin issuer licence (primary record).

  commercial note: Available from 23 Oct 2026 on PayMe by HSBC; wallet activation for PayMe users "in the coming days"; HSBC HK Mobile Banking App and tokenised investment products planned "later this year".

• Tokenized deposits · United States

  SoFi

  SoFi Earn (SOFIE) consumer tokenized deposit

  regulatory

  Unknown

  technical

  Unknown

  commercial

  Live — commercial, within explicit scope2026-10-22

  • Official institutionalSoFi Technologies (via Business Wire on Nasdaq.com) ↗2026-10-22

  Last change 2026-10-22 · verified 2026-10-23

  Status history (1)

  1. 2026-10-22 · commercial: Live — commercial, within explicit scope. Launch announced; rolling out to SoFi Crypto members now through November.

  regulatory note: SoFi Bank, N.A. is a national bank regulated by the OCC and SOFIE is described as FDIC-insured up to applicable limits; no product-specific approval record reviewed.

  commercial note: Rolling out to SoFi Crypto members now through November, per SoFi.

• Tokenized deposits · United States

  J.P. Morgan (Kinexys)

  JPM Coin (JPMD) USD deposit token on public blockchains

  regulatory

  Unknown

  technical

  Live — restricted / specific counterparties2025-11-12

  commercial

  Live — restricted / specific counterparties2025-11-12

  • Official institutionalJ.P. Morgan ↗2025-11-12
  • Official institutionalJ.P. Morgan ↗2026-10-19

  Last change 2026-10-19 · verified 2026-10-22

  Status history (2)

  1. 2025-11-12 · technical: Live — restricted / specific counterparties. JPMD made available to institutional clients on a public blockchain.
  2. 2026-10-19 · technical: Live — restricted / specific counterparties → Live — restricted / specific counterparties. Scope change: extended to Ethereum, its second public blockchain (status unchanged).

  regulatory note: No regulator approval record reviewed; deposit token issued by a bank under existing banking licence (not verified for this entry).

  commercial note: Available to institutional clients only per J.P. Morgan.

• Custody & trading · Germany

  Deutsche Bank

  MiCA Article 60 notification: custody & administration, transfer services

  regulatory

  Notified (MiCA Art. 60)2026-10-12

  technical

  Unknown

  commercial

  Unknown

  • PrimaryEuropean Securities and Markets Authority ↗2026-10-22

  Last change 2026-10-12 · verified 2026-10-22

  Status history (1)

  1. 2026-10-12 · regulatory: Notified (MiCA Art. 60). Notification recorded in ESMA interim MiCA register.

  commercial note: A notification permits a credit institution to provide the services; it does not show that a product has launched.

• Custody & trading · United States

  BNY

  BNY Digital Asset Custody (US; EU under MiCA)

  regulatory

  Unknown

  technical

  Live — restricted / specific counterparties2022-10-11

  commercial

  Live — restricted / specific counterparties2026-10-08

  • Official institutionalBNY ↗2022-10-11
  • Official institutionalBNY ↗2026-10-08

  Last change 2026-10-08 · verified 2026-10-23

  Status history (2)

  1. 2022-10-11 · commercial: Live — restricted / specific counterparties. US platform live for select clients (bitcoin, ether).
  2. 2026-10-08 · commercial: Live — restricted / specific counterparties → Live — restricted / specific counterparties. Scope change: expanded to select EU institutions under MiCA (status unchanged).

  regulatory note: BNY states its EU entity was added to ESMA's MiCA register in July 2026; the register entry itself has not been reviewed for this row.

  commercial note: Select clients only, per BNY.

• Tokenized deposits · United States

  Citi

  Citi Token Services for Cash

  regulatory

  Unknown

  technical

  Live — commercial, within explicit scope2024-10-10

  commercial

  Live — commercial, within explicit scope2026-09-28

  • Official institutionalCiti ↗2023-09-18
  • Official institutionalCiti ↗2024-10-10
  • Official institutionalCiti ↗2026-09-28

  Last change 2026-09-28 · verified 2026-10-22

  Status history (3)

  1. 2023-09-18 · technical: Pilot / proof of concept. Created and piloted for cash management and trade finance.
  2. 2024-10-10 · commercial: Pilot / proof of concept → Live — commercial, within explicit scope. Moved from pilot to live commercial solution.
  3. 2026-09-28 · commercial: Live — commercial, within explicit scope → Live — commercial, within explicit scope. Scope change: Japan and UAE added (seven markets).

  commercial note: Live in seven markets per Citi (Sep 2026).

• Tokenized deposits · Belgium (global)

  Swift · HSBC · Standard Chartered

  Swift shared blockchain ledger for tokenised-deposit cross-border payments

  regulatory

  Unknown

  technical

  Live — restricted / specific counterparties2026-08-20

  commercial

  Unknown

  • Official institutionalSwift ↗2026-07-08
  • Official institutionalHSBC ↗2026-08-20

  Last change 2026-08-20 · verified 2026-10-22

  Status history (2)

  1. 2026-07-08 · technical: Developing / partnership established. Ledger ready for initial use.
  2. 2026-08-20 · technical: Developing / partnership established → Live — restricted / specific counterparties. First live bank-to-bank tokenised deposit transaction (HSBC–Standard Chartered). A single live transaction; not commercial availability.

  technical note: One live transaction between two banks; not a commercial service.

• Tokenized deposits · United Kingdom / Hong Kong

  HSBC

  HSBC Tokenised Deposit Service (TDS)

  regulatory

  Unknown

  technical

  Live — commercial, within explicit scope2026-08-20

  commercial

  Live — commercial, within explicit scope2026-08-20

  • Official institutionalHSBC ↗2026-08-20

  Last change 2026-08-20 · verified 2026-10-22

  Status history (1)

  1. 2026-08-20 · commercial: Live — commercial, within explicit scope. Status as stated in HSBC release (first date this tracker recorded it, not launch date).

  commercial note: HSBC states TDS is live in six markets.

• Custody & trading · Greece

  Piraeus Bank

  MiCA Article 60 notification: custody & administration, order execution, reception & transmission of orders, transfer services

  regulatory

  Notified (MiCA Art. 60)2026-08-07

  technical

  Unknown

  commercial

  Unknown

  • PrimaryEuropean Securities and Markets Authority ↗2026-10-22

  Last change 2026-08-07 · verified 2026-10-22

  Status history (1)

  1. 2026-08-07 · regulatory: Notified (MiCA Art. 60). Notification recorded in ESMA interim MiCA register.

  commercial note: A notification permits a credit institution to provide the services; it does not show that a product has launched.

• Stablecoin issuance · United Arab Emirates

  First Abu Dhabi Bank

  DDSC dirham stablecoin (with IHC, Sirius)

  regulatory

  Approved / authorised2026-07-04

  technical

  Unknown

  commercial

  Unknown

  • Official institutionalDDSC press release (distributed via Zawya) ↗2026-07-04

  Last change 2026-07-04 · verified 2026-10-22

  Status history (1)

  1. 2026-07-04 · regulatory: Approved / authorised. CBUAE NOC per issuer press release.

  regulatory note: CBUAE No Objection Certificate as stated in the issuer’s press release; regulator record not reviewed (needs review).

• Custody & trading · Luxembourg

  Swissquote Bank Europe

  MiCA CASP authorisation (custody, execution, transfer)

  regulatory

  Approved / authorised2026-04-24

  technical

  Unknown

  commercial

  Unknown

  • PrimaryEuropean Securities and Markets Authority ↗2026-10-22
  • PrimaryAutorité des marchés financiers (France) ↗2026-08-05
  • SecondaryLuxembourg for Finance ↗2026-06-30

  Last change 2026-04-24 · verified 2026-10-22

  Status history (1)

  1. 2026-04-24 · regulatory: Approved / authorised. CSSF authorisation recorded in ESMA interim MiCA register (primary). Upgraded evidence on 2026-10-22: previously sourced only to Luxembourg for Finance.

  regulatory note: ESMA register date 24/04/2026; Luxembourg for Finance reports effect from 5 June 2026; AMF record dates French provision from 05/06/2026. Dates differ by source; we show the ESMA register date.

  commercial note: Ongoing crypto trading offer is described only in a secondary source; not independently confirmed here.

• Custody & trading · Spain

  CaixaBank

  MiCA Article 60 notification: custody & administration, order execution, reception & transmission of orders, transfer services

  regulatory

  Notified (MiCA Art. 60)2026-03-27

  technical

  Unknown

  commercial

  Unknown

  • PrimaryEuropean Securities and Markets Authority ↗2026-10-22

  Last change 2026-03-27 · verified 2026-10-22

  Status history (1)

  1. 2026-03-27 · regulatory: Notified (MiCA Art. 60). Notification recorded in ESMA interim MiCA register.

  commercial note: A notification permits a credit institution to provide the services; it does not show that a product has launched.

• Custody & trading · Germany

  DZ BANK

  MiCA Article 60 notification: custody & administration, order execution, transfer services

  regulatory

  Notified (MiCA Art. 60)2025-12-23

  technical

  Unknown

  commercial

  Unknown

  • PrimaryEuropean Securities and Markets Authority ↗2026-10-22

  Last change 2025-12-23 · verified 2026-10-22

  Status history (1)

  1. 2025-12-23 · regulatory: Notified (MiCA Art. 60). Notification recorded in ESMA interim MiCA register.

  commercial note: A notification permits a credit institution to provide the services; it does not show that a product has launched.

• Custody & trading · Liechtenstein

  Bank Frick

  MiCA Article 60 notification: custody & administration, order execution, transfer services

  regulatory

  Notified (MiCA Art. 60)2025-12-23

  technical

  Unknown

  commercial

  Unknown

  • PrimaryEuropean Securities and Markets Authority ↗2026-10-22

  Last change 2025-12-23 · verified 2026-10-22

  Status history (1)

  1. 2025-12-23 · regulatory: Notified (MiCA Art. 60). Notification recorded in ESMA interim MiCA register.

  commercial note: A notification permits a credit institution to provide the services; it does not show that a product has launched.

• Custody & trading · Liechtenstein

  LGT Bank

  MiCA Article 60 notification: custody & administration, order execution, reception & transmission of orders, transfer services

  regulatory

  Notified (MiCA Art. 60)2025-12-19

  technical

  Unknown

  commercial

  Unknown

  • PrimaryEuropean Securities and Markets Authority ↗2026-10-22

  Last change 2025-12-19 · verified 2026-10-22

  Status history (1)

  1. 2025-12-19 · regulatory: Notified (MiCA Art. 60). Notification recorded in ESMA interim MiCA register.

  commercial note: A notification permits a credit institution to provide the services; it does not show that a product has launched.

• Crypto services · Spain

  Openbank

  Openbank retail crypto trading (Germany, Spain)

  regulatory

  Unknown

  technical

  Live — commercial, within explicit scope2025-09-16

  commercial

  Live — commercial, within explicit scope2025-11-11

  • Official institutionalBanco Santander ↗2025-09-16
  • Official institutionalOpenbank ↗2025-11-11

  Last change 2025-11-11 · verified 2026-10-23

  Status history (2)

  1. 2025-09-16 · commercial: Live — commercial, within explicit scope. Launched for all Openbank customers in Germany.
  2. 2025-11-11 · commercial: Live — commercial, within explicit scope → Live — commercial, within explicit scope. Scope change: launched in Spain (status unchanged).

  regulatory note: See the separate Openbank MiCA Art. 60 row for the regulatory record.

  commercial note: Germany from 16 Sep 2025; Spain from 11 Nov 2025.

• Stablecoin issuance · France

  Societe Generale-FORGE

  EUR CoinVertible (EURCV) euro stablecoin

  regulatory

  Approved / authorised2024-07-01

  technical

  Live — commercial, within explicit scope2023-04

  commercial

  Live — commercial, within explicit scope2025-09-23

  • PrimaryEuropean Securities and Markets Authority ↗2026-10-22
  • Official institutionalSociete Generale-FORGE ↗2025-06-10
  • Official institutionalSociete Generale-FORGE / Bullish ↗2025-09-23

  Last change 2025-09-23 · verified 2026-10-22

  Status history (2)

  1. 2023-04 · technical: Live — commercial, within explicit scope. EURCV launched (per SG-FORGE).
  2. 2024-07-01 · regulatory: Approved / authorised. ESMA register authorisation/notification date for SG-FORGE as EMT issuer.

  regulatory note: SG-FORGE listed by ESMA as ACPR-authorised EMI issuing EMTs.

  technical note: SG-FORGE: EURCV launched in April 2023.

  commercial note: Distributed via third-party platforms (e.g. Bullish Europe).

• Stablecoin issuance · France

  Societe Generale-FORGE

  USD CoinVertible (USDCV) dollar stablecoin, BNY as reserve custodian

  regulatory

  Approved / authorised

  technical

  Live — commercial, within explicit scope2025-09-23

  commercial

  Live — restricted / specific counterparties2025-09-23

  • PrimaryEuropean Securities and Markets Authority ↗2026-10-22
  • Official institutionalSociete Generale-FORGE ↗2025-06-10
  • Official institutionalSociete Generale-FORGE / Bullish ↗2025-09-23

  Last change 2025-09-23 · verified 2026-10-22

  Status history (2)

  1. 2025-06-10 · commercial: Announced / exploring. Launch announced; BNY reserve custodian.
  2. 2025-09-23 · commercial: Announced / exploring → Live — restricted / specific counterparties. First offered via Bullish Europe.

  regulatory note: USDCV white paper listed in ESMA EMT register under SG-FORGE (ACPR EMI).

  commercial note: First offered via Bullish Europe (Sep 2025); breadth of distribution since then not verified.

• Custody & trading · Spain

  Openbank

  MiCA Article 60 notification: custody & administration, order execution

  regulatory

  Notified (MiCA Art. 60)2025-07-24

  technical

  Unknown

  commercial

  Unknown

  • PrimaryEuropean Securities and Markets Authority ↗2026-10-22

  Last change 2025-07-24 · verified 2026-10-22

  Status history (1)

  1. 2025-07-24 · regulatory: Notified (MiCA Art. 60). Notification recorded in ESMA interim MiCA register.

  commercial note: A notification permits a credit institution to provide the services; it does not show that a product has launched.

• Custody & trading · Spain

  BBVA

  Bitcoin and ether trading and custody in the BBVA app (Spain)

  regulatory

  Notified (MiCA Art. 60)2025-03-05

  technical

  Live — commercial, within explicit scope2025-07-04

  commercial

  Live — commercial, within explicit scope2025-07-04

  • PrimaryEuropean Securities and Markets Authority ↗2026-10-22
  • Official institutionalBBVA ↗2025-07-04

  Last change 2025-07-04 · verified 2026-10-22

  Status history (2)

  1. 2025-03-05 · regulatory: Notified (MiCA Art. 60). Article 60 notification recorded by ESMA.
  2. 2025-07-04 · commercial: Live — commercial, within explicit scope. Available to all adult retail customers in Spain.

  commercial note: All adult retail customers in Spain; execution-only, no advice.

• Crypto services · Germany

  N26

  MiCA Article 60 notification: reception & transmission of orders

  regulatory

  Notified (MiCA Art. 60)2025-05-14

  technical

  Unknown

  commercial

  Unknown

  • PrimaryEuropean Securities and Markets Authority ↗2026-10-22

  Last change 2025-05-14 · verified 2026-10-22

  Status history (1)

  1. 2025-05-14 · regulatory: Notified (MiCA Art. 60). Notification recorded in ESMA interim MiCA register.

  commercial note: A notification permits a credit institution to provide the services; it does not show that a product has launched.

• Custody & trading · Germany

  Trade Republic Bank

  MiCA Article 60 notification: custody & administration, order execution, reception & transmission of orders, transfer services

  regulatory

  Notified (MiCA Art. 60)2025-04-28

  technical

  Unknown

  commercial

  Unknown

  • PrimaryEuropean Securities and Markets Authority ↗2026-10-22

  Last change 2025-04-28 · verified 2026-10-22

  Status history (1)

  1. 2025-04-28 · regulatory: Notified (MiCA Art. 60). Notification recorded in ESMA interim MiCA register.

  commercial note: A notification permits a credit institution to provide the services; it does not show that a product has launched.

• Custody & trading · Germany

  Commerzbank

  MiCA Article 60 notification: custody & administration, transfer services

  regulatory

  Notified (MiCA Art. 60)2025-04-07

  technical

  Unknown

  commercial

  Unknown

  • PrimaryEuropean Securities and Markets Authority ↗2026-10-22

  Last change 2025-04-07 · verified 2026-10-22

  Status history (1)

  1. 2025-04-07 · regulatory: Notified (MiCA Art. 60). Notification recorded in ESMA interim MiCA register.

  commercial note: A notification permits a credit institution to provide the services; it does not show that a product has launched.

• Crypto services · Japan

  SBI VC Trade (SBI Holdings)

  SBI VC Trade USDC handling (first Japanese EPI exchange registration)

  regulatory

  Approved / authorised2025-03-04

  technical

  Pilot / proof of concept2025-03-12

  commercial

  Unknown

  • PrimaryFinancial Services Agency (Japan) ↗2026-08-27
  • Official institutionalSBI VC Trade / SBI Holdings ↗2025-03-04

  Last change 2025-03-12 · verified 2026-10-23

  Status history (2)

  1. 2025-03-04 · regulatory: Approved / authorised. Registered with the Kanto Local Finance Bureau (No. 00001), per the FSA register.
  2. 2025-03-12 · technical: Pilot / proof of concept. Limited-user USDC beta announced.

  regulatory note: Registered as Electronic Payment Instrument Exchange Service Provider, Kanto Local Finance Bureau No. 00001 (FSA register).

  technical note: SBI announced a beta for limited users from 12 March 2025; full-scale launch not independently confirmed here.

• Custody & trading · United Arab Emirates

  Emirates NBD

  Crypto trading on the Liv X app (with Aquanow; custody by Zodia Custody)

  regulatory

  Unknown

  technical

  Live — commercial, within explicit scope2025-03-06

  commercial

  Live — commercial, within explicit scope2025-03-06

  • Official institutionalEmirates NBD ↗2025-04
  • Official institutionalEmirates NBD / Aquanow joint press release (published by Aquanow) ↗2025-03-06

  Last change 2025-03-06 · verified 2026-10-22

  Status history (1)

  1. 2025-03-06 · commercial: Live — commercial, within explicit scope. Launched on Liv X.

  regulatory note: Partner licensing not reviewed for this entry.

• Tokenized deposits · Switzerland

  UBS

  UBS Digital Cash

  regulatory

  Unknown

  technical

  Pilot / proof of concept2024-11-07

  commercial

  Unknown

  • Official institutionalUBS ↗2024-11-07

  Last change 2024-11-07 · verified 2026-10-22

  Status history (1)

  1. 2024-11-07 · technical: Pilot / proof of concept. Pilot completed.

  commercial note: UBS “plans to expand and develop”; no launch reviewed.

• Tokenized deposits · Singapore

  DBS

  DBS Token Services (Treasury Tokens, Conditional Payments, Programmable Rewards)

  regulatory

  Unknown

  technical

  Live — restricted / specific counterparties2024-10-18

  commercial

  Pilot / proof of concept2024-10-18

  • Official institutionalDBS ↗2024-10-18
  • Official institutionalDBS ↗2024-10-18

  Last change 2024-10-18 · verified 2026-10-22

  Status history (1)

  1. 2024-10-18 · technical: Live — restricted / specific counterparties. Suite introduced; Treasury Tokens pilot with Ant International.

  technical note: Suite introduced; Treasury Tokens described as a pilot with Ant International.

  commercial note: Release names a pilot client; general commercial availability not stated.

• Custody & trading · United Kingdom

  Standard Chartered

  Standard Chartered digital asset custody (DIFC, UAE)

  regulatory

  Approved / authorised2024-09-10

  technical

  Live — restricted / specific counterparties2024-09-10

  commercial

  Live — restricted / specific counterparties2024-09-10

  • Official institutionalStandard Chartered ↗2024-09-10

  Last change 2024-09-10 · verified 2026-10-23

  Status history (1)

  1. 2024-09-10 · commercial: Live — restricted / specific counterparties. Custody service launched in the DIFC with an inaugural institutional client.

  regulatory note: Per Standard Chartered, the offering was granted a DFSA licence; the DFSA register entry itself was not reviewed (needs-review).

  commercial note: Brevan Howard Digital named as inaugural client.

• Crypto services · Brazil

  Inter (Banco Inter)

  Inter crypto trading via B3 Digitas

  regulatory

  Unknown

  technical

  Live — restricted / specific counterparties2023-06-27

  commercial

  Live — restricted / specific counterparties2023-06-27

  • Official institutionalB3 ↗2023-06-27

  Last change 2023-06-27 · verified 2026-10-23

  Status history (1)

  1. 2023-06-27 · commercial: Live — restricted / specific counterparties. Launched for a specific client base with gradual rollout.

  technical note: Initially for a specific client base, rolled out gradually (per B3).

• Custody & trading · United Kingdom

  Standard Chartered

  Zodia Custody (SC Ventures / Northern Trust) — UK

  regulatory

  Approved / authorised2021-07-29

  technical

  Live — commercial, within explicit scope2021-07-29

  commercial

  Live — commercial, within explicit scope2021-07-29

  • Official institutionalStandard Chartered ↗2021-07-29

  Last change 2021-07-29 · verified 2026-10-23

  Status history (1)

  1. 2021-07-29 · regulatory: Approved / authorised. FCA registration under the Money Laundering Regulations; commercial operations began.

  regulatory note: FCA registration under the UK Money Laundering Regulations (an AML registration, not a full authorisation), as stated by Standard Chartered; the FCA register was not reviewed (needs-review).