Crypto readiness score
1/3 status dimensions verified · 1 initiative · last verified 2026-10-25
Only 1 of 3 status dimensions (commercial, regulatory, technical) are verified for this institution; at least 2 are required before a score is shown. We show this rather than guess.
Score breakdown
How the number above is built — every input is a verified tracker status with a dated source.
| Component | Weight | Points | Basis (verified input) |
|---|---|---|---|
| Commercial availability | 35 | — | No verified status — not scored |
| Regulatory standing | 25 | — | No verified status — not scored |
| Technical delivery | 20 | 8 | Pilot / proof of concept · initiative |
| Product breadth | 15 | 5 | 1 product category with a verified status: Stablecoin issuance |
| Recent verified activity | 5 | 5 | Last verified change 2026-04-08 |
Score = sum of points, rounded. Only verified tracker statuses count; “Unknown” earns nothing and is never estimated. Methodology
Initiatives (1)
Regulatory, technical and commercial status are kept separate: an authorisation is not a launch.
Stablecoin issuance · Switzerland
Swiss banks' joint CHF stablecoin sandbox (Raiffeisen, UBS, PostFinance, Sygnum, ZKB, BCV)
- regulatory
- Unknown
- technical
- Pilot / proof of concept2026-04-08
- commercial
- Unknown
Raiffeisen, UBS, PostFinance, Sygnum, Zürcher Kantonalbank and BCV said on 8 April 2026 that they are jointly testing selected use cases of a Swiss-franc stablecoin with Swiss Stablecoin AG in a protected live sandbox, which is open to further banks, companies and institutions. (Source text in German; summary translated.)
Scope: Sandbox testing of selected CHF stablecoin use cases.
In tracker · last verified 2026-10-25
Licences & registrations
Regulator records (or MiCA Art. 60 notifications — a notification, not an authorisation).
No licence or registration record in our verified data. This means “not reviewed”, not “unlicensed”.
Partners & providers
From tracker records and verified item text only. “Co-named” means both appear in the same source — open it for context. Full map
- MUFG Bank · named role (tracker) · issuance infrastructure
- SMBC · named role (tracker) · issuance infrastructure
- Mizuho Bank · named role (tracker) · issuance infrastructure
- Raiffeisen Bank International (RBI) · named role (tracker) · infrastructure provider
- Cecabank · named role (tracker) · execution and liquidity partner
- Renta 4 Banco · named role (tracker) · execution partner
Renta 4 Banco crypto trading and custody platform (Spain) — Renta 4 Banco (opens source in new tab)
- NAB · named role (tracker) · marketplace
Project Acacia: tokenised term deposit settled with a stablecoin — NAB (opens source in new tab)
- consortium:chf-stablecoin-sandbox · named role (tracker) · consortium member
- Raiffeisen Switzerland · named role (tracker) · issuance infrastructure
- UBS · named role (tracker) · issuance infrastructure
UBS Tokenize: uMINT tokenized money market fund — UBS (opens source in new tab)
- PostFinance · named role (tracker) · issuance infrastructure
- Sygnum Bank · named role (tracker) · issuance infrastructure
- Zürcher Kantonalbank · named role (tracker) · issuance infrastructure
- Standard Chartered · named role (tracker) · use-case partner
- Lloyds Banking Group · named role (tracker) · tokenised gilt counterparty
- DZ BANK · named role (tracker) · co-developer
- PNC · named role (tracker) · Crypto-as-a-Service infrastructure
- Nordea · named role (tracker) · ETP manufacturer
Execution-only access to a bitcoin ETP (CoinShares) — Nordea (opens source in new tab)
- U.S. Bank · named role (tracker) · bitcoin sub-custodian
- bunq · named role (tracker) · crypto exchange partner
bunq Crypto in-app crypto trading (EEA) — bunq (opens source in new tab)
- ZA Bank · named role (tracker) · licensed virtual asset trading platform partner
ZA Bank retail crypto trading (Hong Kong) — ZA Bank (opens source in new tab)
- Garanti BBVA · named role (tracker) · custody technology
Garanti BBVA Kripto crypto custody and trading (Türkiye) — BBVA (opens source in new tab)
- Siam Commercial Bank (SCB) · named role (tracker) · remittance partner
- Commerzbank · named role (tracker) · trading partner, Deutsche Börse group
- Bancolombia · named role (tracker) · Proof of Reserve
- LBBW · named role (tracker) · technology provider
Crypto custody for corporate clients (with Bitpanda) — LBBW (opens source in new tab)
- Nubank · named role (tracker) · liquidity provider and custodian
Nubank in-app crypto trading (with Paxos) — Nubank (opens source in new tab)
- ANZ · named role (tracker) · digital asset exchange
A$DC Australian-dollar stablecoin — ANZ (opens source in new tab)
- Banca Generali · named role (tracker) · custody and trading platform
- visa · co-named in verified item
Visa Direct stablecoin capabilities move from pilot to production
Today, Visa (NYSE: V) announced the next phase of its stablecoin strategy as Visa Direct stablecoin capabilities advance from pilot stage to commercial deployment.
- Ethereum · co-named in verified item
DekaBank starts crypto offer for Sparkassen customers
Zum Start wird der Handel mit fünf gängigen Kryptowährungen ermöglicht: Bitcoin, Ethereum, Solana, XRP und Polygon.
JPM Coin deposit token goes live on Ethereum
Ethereum's established depth of onchain liquidity and tokenized assets makes it a natural next public blockchain for JPM Coin.
- Solana · co-named in verified item
DekaBank starts crypto offer for Sparkassen customers
Zum Start wird der Handel mit fünf gängigen Kryptowährungen ermöglicht: Bitcoin, Ethereum, Solana, XRP und Polygon.
- Polygon · co-named in verified item
DekaBank starts crypto offer for Sparkassen customers
Zum Start wird der Handel mit fünf gängigen Kryptowährungen ermöglicht: Bitcoin, Ethereum, Solana, XRP und Polygon.
- circle · co-named in verified item
EBA classifies USDC as the first significant e-money token in the EU
USDC is issued in the European Union by Circle Internet Financial Europe SAS
Tereina and Circle bring USDC and EURC into enterprise workflows, starting with SAP
- Swift · co-named in verified item
HSBC and Standard Chartered execute first live tokenised deposit transaction on Swift's blockchain
HSBC and Standard Chartered today announced the successful completion of bank-to-bank tokenised deposit interoperability through the execution of the first live cross-border transaction on Swift’s blockchain-based ledger.
Swift's blockchain ledger ready for initial use as 17 banks prepare tokenised cross-border payments
Regulator records & actions
Register entries and regulator publications that name this institution.
- 2026-10-24Proposed rule · Department of Finance Canada (Canada Gazette, Part I)Canada publishes draft Stablecoin Regulations: Bank of Canada registration, 1:1 reserves, three-day redemption, in force targeted for fall 2027
- 2026-10-24Interview · European Central BankPiero Cipollone: digital euro pilot in 2027, rollout as early as 2029 if the regulation is approved this year
- 2026-10-23Initiative expansion · Monetary Authority of SingaporeBank Negara Malaysia and Bank of Thailand join MAS-led BLOOM initiative on cross-border settlement in digital money
- 2026-10-21Speech · European Central BankPiero Cipollone: Pontes and Appia — unlocking opportunities for banks
- 2026-10-21Final rule · Office of the Comptroller of the CurrencyOCC Advances U.S. Digital Asset Leadership with Final Rule to Implement GENIUS Act
- 2026-10-19Consultation · Bank of ThailandBank of Thailand consults on THB stablecoin rules: 100% deposit backing, one-business-day redemption, no interest, few issuers
- 2026-10-15Official communication to parliament · Sveriges RiksbankRiksbank asks Riksdag to start preparing digital krona legislation, citing digital euro and stablecoins
- 2026-10-14Supervisory decision · European Banking AuthorityEBA classifies USDC as the first significant e-money token in the EU
- 2026-10-12Regulator publication · Financial Stability BoardFSB Chair sets out FSB work on AI and stablecoins
- 2026-10-12Regulator publication · Financial Stability BoardFSB: Global stablecoin arrangements — cross-border vulnerabilities and financial stability monitoring
- 2026-10-09Regulator publication · Monetary Authority of SingaporeMAS Managing Director Chia Der Jiun on building trusted foundations for digital finance
- 2026-10-06Regulator publication · European Central BankPiero Cipollone: Money in the digital age — digital euro, tokenisation and the role of central banks
- 2026-10-05Advance notice (ANPRM) · Commodity Futures Trading CommissionCFTC seeks comment on ANPRM for Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets
- 2026-10-01Regulator publication · Bank of England speechesBoE's Sasha Mills: the legal and commercial frontier of digital assets
- 2026-10-01Regulator publication · SEC statementsSEC Chairman Atkins on the proposal to address custody of crypto assets by advisers and funds
- 2026-10-01Proposed rule · U.S. Securities and Exchange CommissionSEC proposal on how investment advisers and funds can custody crypto assets
- 2026-09-30Authorisation gateway opens · Financial Conduct AuthorityFCA opens the gateway to regulated crypto
- 2026-09-24Regulator publication · Commodity Futures Trading CommissionCFTC staff update FAQs on registrant activities relating to crypto assets and blockchain
- 2026-09-24Consultation response · European Banking AuthorityEBA identifies priorities for the review of MiCA
- 2026-09-24Proposed rule · Federal Reserve BoardFederal Reserve Board requests comment on GENIUS Act framework for Board-supervised payment stablecoin issuers
- 2026-09-21Regulator publication · European Central BankEurosystem launches Pontes to settle tokenised wholesale transactions in central bank money
- 2026-09-17Regulator publication · U.S. Securities and Exchange CommissionSEC issues “Innovation Exemption” for trading of tokenized NMS stock
- 2026-09-15Regulator publication · Bank of England speechesBoE's Carolyn Wilkins: lessons from history for stablecoins and US dollar dominance
- 2026-09-10Supervisory update · Office of the Superintendent of Financial Institutions (Canada)OSFI: tokenized deposits are not legally distinct from traditional deposits
- 2026-09-01Consultation · Monetary Authority of SingaporeMAS consults on legislative amendments to implement its stablecoin regulatory framework
- 2026-08-17Final rule · Banco Central do Brasil (published by Ministério da Fazenda)Brazil central bank requires 24-hour precautionary hold on large virtual-asset transfers abroad
- 2026-08-03Regulator publication · South African Reserve BankNational Treasury and SARB publish draft Crypto Assets Manual for cross-border activities
- 2026-07-01Licence / authorisation · Czech National BankCzech National Bank grants MiCA crypto-asset service licences to 11 entities
- 2026-07-01Supervisory decision · Finansinspektionen (Sweden)Sweden's MiCA transition period has ended: only authorised crypto firms may now serve Swedish customers
- 2026-06-29Regulator publication · Hong Kong Monetary AuthorityFSTB and HKMA to further unlock potential of DLT in Hong Kong’s fixed income market
- 2026-06-10Regulator publication · Hong Kong Monetary AuthorityHKMA showcases tokenisation use cases to corporate treasury centres
- 2026-06-09Regulator publication · South African Reserve BankSARB Deputy Governor Rashad Cassim: payments, digital assets and the future of finance
- 2026-06-05Regulator publication · Hong Kong Monetary AuthorityHKMA establishes Tokenised Bond Expert Group
- 2026-05-27Regulator publication · Bank for International SettlementsBIS: Project Agorá shows tokenisation can improve wholesale cross-border payments; moving to real-value testing
- 2026-05-27Initiative expansion · Bank of CanadaBank of Canada joins BIS Project Agorá to test tokenized wholesale cross-border payments
- 2026-04-15Supervisory update · Financial Sector Conduct Authority (South Africa)South Africa's FSCA has approved 310 of 533 crypto asset service provider licence applications
- 2026-04-10Licence / authorisation · Hong Kong Monetary AuthorityHKMA grants first stablecoin issuer licences to Anchorpoint and HSBC
- 2026-02-11Sandbox / innovation hub onboarding · Bank Negara MalaysiaBank Negara Malaysia onboards three ringgit stablecoin and tokenised deposit initiatives to its Digital Asset Innovation Hub
- 2025-10-22Consultation · Swiss Federal CouncilSwiss Federal Council opens consultation on new licences for stablecoin issuers and crypto-institutions
Markets (from stated target markets): Switzerland
Timeline
Status changes (tracker history), verified items and regulatory dates, newest first.
2027-10-25 · upcoming · Regulatory date
New UK cryptoasset regime comes into force (opens source in new tab)
UK cryptoasset regime · Financial Conduct Authority
2027-02-28 · upcoming · Regulatory date
UK cryptoasset regime · Financial Conduct Authority
2027-01-18 · upcoming · Regulatory date
GENIUS Act and OCC final implementing rule take effect (opens source in new tab)
GENIUS Act · Office of the Comptroller of the Currency
2027-01-01 · upcoming · Regulatory date
Resolution BCB 584 · Banco Central do Brasil
2026-11-17 · upcoming · Regulatory date
THB stablecoin framework (proposed) · Bank of Thailand
2026-11-12 · upcoming · Regulatory date
USDC becomes subject to MiCA dual supervision as a significant EMT (opens source in new tab)
MiCA · European Banking Authority
2026-10-24 · Item
Department of Finance Canada (Canada Gazette, Part I)
2026-10-24 · Item
European Central Bank
2026-10-23 · Item
HSBC Hong Kong
2026-10-23 · Item
Monetary Authority of Singapore
2026-10-22 · Item
SoFi Technologies (via Business Wire on Nasdaq.com)
2026-10-21 · Item
Piero Cipollone: Pontes and Appia — unlocking opportunities for banks
European Central Bank
2026-10-21 · Item
OCC Advances U.S. Digital Asset Leadership with Final Rule to Implement GENIUS Act
Office of the Comptroller of the Currency
2026-10-21 · Item
Standard Chartered: Rethinking controls for institutional stablecoin adoption
Standard Chartered
2026-10-19 · Item
Bank of Thailand
2026-10-19 · Item
DekaBank starts crypto offer for Sparkassen customers
DekaBank (via lifePR)
2026-10-19 · Item
JPM Coin deposit token goes live on Ethereum
J.P. Morgan
2026-10-19 · Item
Custodia Bank (Participate release via EIN Presswire)
2026-10-16 · Item
Jack Henry
2026-10-16 · Item
Japan's three megabanks complete proof-of-concept for a jointly issued yen stablecoin
Mitsubishi UFJ Trust and Banking (joint release with Mizuho Bank, MUFG Bank, SMBC and TISI)
2026-10-16 · Regulatory date
MAS consultation on Payment Services Act amendments for stablecoins closed (opens source in new tab)
MAS stablecoin framework · Monetary Authority of Singapore
2026-10-15 · Item
Sveriges Riksbank
2026-10-15 · Item
VersaBank Initiates Commercial Phase of Tokenized Deposit Program in the United States
VersaBank
2026-10-15 · Item
Visa Direct stablecoin capabilities move from pilot to production
Visa
2026-10-14 · Item
EBA classifies USDC as the first significant e-money token in the EU
European Banking Authority
2026-10-12 · Item
FSB Chair sets out FSB work on AI and stablecoins
Financial Stability Board
2026-10-12 · Item
Financial Stability Board
2026-10-09 · Item
MAS Managing Director Chia Der Jiun on building trusted foundations for digital finance
Monetary Authority of Singapore
2026-10-08 · Item
Standard Chartered plans digital asset custody for institutional clients in Singapore
Standard Chartered
2026-10-07 · Item
Tereina and Circle bring USDC and EURC into enterprise workflows, starting with SAP
Circle
2026-10-06 · Item
Piero Cipollone: Money in the digital age — digital euro, tokenisation and the role of central banks
European Central Bank
2026-10-05 · Item
Commodity Futures Trading Commission
2026-10-01 · Item
BoE's Sasha Mills: the legal and commercial frontier of digital assets
Bank of England speeches
2026-10-01 · Item
SEC Chairman Atkins on the proposal to address custody of crypto assets by advisers and funds
SEC statements
2026-10-01 · Item
SEC proposal on how investment advisers and funds can custody crypto assets
U.S. Securities and Exchange Commission
2026-10-01 · Item
Visa data shows stablecoins gaining traction in business payments
Visa
2026-09-30 · Item
FCA opens the gateway to regulated crypto
Financial Conduct Authority
2026-09-30 · Item
HSBC names its forthcoming Hong Kong stablecoin 'HSBC RedCoin'
HSBC
2026-09-28 · Item
Circle
2026-09-24 · Item
CFTC staff update FAQs on registrant activities relating to crypto assets and blockchain
Commodity Futures Trading Commission
2026-09-24 · Item
EBA identifies priorities for the review of MiCA
European Banking Authority
2026-09-24 · Item
Federal Reserve Board
2026-09-23 · Item
Visa study: safeguards could boost stablecoin use among Americans
Visa
2026-09-22 · Item
Canada's six largest banks jointly explore a Canadian-dollar tokenized deposit solution
National Bank of Canada (joint release with BMO, CIBC, RBC, Scotiabank and TD)
2026-09-21 · Item
Eurosystem launches Pontes to settle tokenised wholesale transactions in central bank money
European Central Bank
2026-09-17 · Item
SEC issues “Innovation Exemption” for trading of tokenized NMS stock
U.S. Securities and Exchange Commission
2026-09-15 · Item
BoE's Carolyn Wilkins: lessons from history for stablecoins and US dollar dominance
Bank of England speeches
2026-09-10 · Item
OSFI: tokenized deposits are not legally distinct from traditional deposits
Office of the Superintendent of Financial Institutions (Canada)
2026-09-01 · Item
MAS consults on legislative amendments to implement its stablecoin regulatory framework
Monetary Authority of Singapore
2026-08-20 · Item
HSBC and Standard Chartered execute first live tokenised deposit transaction on Swift's blockchain
HSBC
2026-08-17 · Item
Brazil central bank requires 24-hour precautionary hold on large virtual-asset transfers abroad
Banco Central do Brasil (published by Ministério da Fazenda)
2026-08-03 · Item
National Treasury and SARB publish draft Crypto Assets Manual for cross-border activities
South African Reserve Bank
2026-07-16 · Item
Visa introduces platform for stablecoin minting, movement and management
Visa
2026-07-08 · Item
Swift's blockchain ledger ready for initial use as 17 banks prepare tokenised cross-border payments
Swift
2026-07-04 · Item
DDSC dirham stablecoin receives CBUAE approval for selected VARA-regulated exchanges
DDSC (press release via Zawya)
2026-07-01 · Item
Czech National Bank grants MiCA crypto-asset service licences to 11 entities
Czech National Bank
2026-07-01 · Item
Finansinspektionen (Sweden)
2026-07-01 · Regulatory date
MiCA CASP transitional (grandfathering) period ends EU-wide (opens source in new tab)
MiCA · ESMA (MiCA Interactive Single Rulebook)
2026-06-30 · Item
Swissquote Bank Europe obtains Luxembourg MiCA CASP licence
Luxembourg for Finance
2026-06-30 · Regulatory date
MiCA (Swedish transitional period) · Finansinspektionen
2026-06-29 · Item
FSTB and HKMA to further unlock potential of DLT in Hong Kong’s fixed income market
Hong Kong Monetary Authority
2026-06-10 · Item
HKMA showcases tokenisation use cases to corporate treasury centres
Hong Kong Monetary Authority
2026-06-09 · Item
SARB Deputy Governor Rashad Cassim: payments, digital assets and the future of finance
South African Reserve Bank
2026-06-05 · Item
HKMA establishes Tokenised Bond Expert Group
Hong Kong Monetary Authority
2026-05-27 · Item
Bank for International Settlements
2026-05-27 · Item
Bank of Canada joins BIS Project Agorá to test tokenized wholesale cross-border payments
Bank of Canada
2026-04-15 · Item
South Africa's FSCA has approved 310 of 533 crypto asset service provider licence applications
Financial Sector Conduct Authority (South Africa)
2026-04-10 · Item
HKMA grants first stablecoin issuer licences to Anchorpoint and HSBC
Hong Kong Monetary Authority
2026-04-08 · Status
Joint CHF stablecoin sandbox launched.
2026-02-11 · Item
Bank Negara Malaysia
2026-02-06 · Regulatory date
Swiss Financial Institutions Act amendment (stablecoins, crypto-institutions) · Swiss Federal Council
2025-11-12 · Item
J.P. Morgan makes JPM Coin (JPMD) USD deposit token available to institutional clients
J.P. Morgan
2025-10-22 · Item
Swiss Federal Council
2025-08-01 · Regulatory date
Hong Kong regulatory regime for stablecoin issuers comes into effect (opens source in new tab)
HK Stablecoins Ordinance · Hong Kong Monetary Authority
In the Weekly Brief
Issues of the weekly brief that covered this institution.
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The weekly crypto-banking intelligence brief
Bank initiatives, licences and status changes like the ones on this page land in the brief the week they are verified. Each issue: the week’s material regulatory and bank moves, status changes in the adoption tracker, and the deadlines coming up — every fact linked to the document it comes from. No hype, no price talk.
62 quote-verified items · 80 bank initiatives tracked · 23 jurisdictions
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