Custody operations will join the bank’s Securities Services business, while software and professional services will move to Zodia Solutions under SC Ventures.
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Eligible users can borrow USDC or USDT on Ethereum, while pledged collateral sits in smart contracts and remains subject to liquidation.
The remittance company said the service will move funds in more than 60 currencies across over 200 countries, with recipients collecting a Solana stablecoin issued by Anchorage Digital Bank.
Positions nearest liquidation would be tapped first and their debt reduced. Eligibility for healthy loans and the lender’s route to ETH remain unspecified.
The tokenization platform behind funds from BlackRock, Apollo and KKR said it will source the dollars that settle those trades from a federally chartered bank instead of intermediaries.
The marketplace said its social feed pulls trades from across crypto apps rather than its own users, and that 76% of the 56,000-plus beta signups were active.
The trade group backed Regulation Crypto Assets in its comment letter and asked the Commission to raise both offering caps, write the Howey guidance into the rule, and let third parties...
