services

Bitcoin News posted on the X platform that CoinCorner has partnered with AnchorWatch to launch Vault, providing multi-institution Bitcoin custody services for UK customers, insured by Lloyd's of London.CoinCorner and AnchorWatch each hold keys, and neither party can independently transfer customers' Bitcoin. All Bitcoin deposits are insured.

Brazilian banks are expanding their cryptocurrency services for customers. According to Folha de S.Paulo, Brazil's largest asset management bank, Itaú, now offers 15 types of cryptocurrencies, including Bitcoin, Ethereum, and the US dollar stablecoin USDC, through its investment app. Brazil's largest fintech company, Nubank, has listed 28 types, and Banco do Brasil, the most profitable state-owned bank in Brazil, has seen transaction volumes exceed 11 million reais (approximately 2.1 million USD) since launching direct purchase services for Bitcoin and Ethereum in January of this year.However, customer cryptocurrency transactions have not entered the banks' balance sheets. A document from the central bank dated March 2026 shows that Brazilian banks hold zero virtual assets on their books. Over the past year, Itaú, Bradesco, Santander, Banco do Brasil, and Nubank have all expanded their cryptocurrency product lines, while the Brazilian cryptocurrency market has also reached record sizes. According to data from the Brazilian Federal Revenue Service, Receita Federal, Brazilians transferred 505.5 billion reais (approximately 98.7 billion USD) through cryptocurrencies in 2025, more than five times that of 2020, with corporate transactions accounting for 98.3%.This move by banks coincides with the implementation of regulations. In 2022, Brazil passed the "Virtual Asset Legal Framework," granting regulatory authority to the central bank. Three resolutions issued in November 2025 require any institution allowing customers to trade, hold, or send cryptocurrencies to obtain a license, meet minimum capital requirements, and segregate customer accounts, with a compliance deadline of October 30, 2026.

Blockchain-native fintech startup OpenReserve has received preliminary conditional approval from the Office of the Comptroller of the Currency (OCC) to establish a full-service national bank in Salt Lake City, Utah. The approval process took less than five months, with OpenReserve submitting its application on April 13.OpenReserve must raise at least $210 million in initial paid-in capital within 12 months and maintain a leverage ratio of at least 12% for three years after opening; it must also commence operations within 18 months, or the approval will become invalid. The relevant deadlines are September 2027 and March 2028, respectively. OpenReserve plans to offer tokenized deposits, fund management, foreign agency services, and banking-as-a-service for institutional clients. The full-service national bank license will allow for deposit-taking and lending activities once final approval is granted.OpenReserve previously completed a $25 million seed round financing, led by a16z crypto, with participation from Coinbase Ventures, Jump Capital, and Wintermute Ventures. The company intends to establish a wholly-owned subsidiary to issue and redeem dollar-denominated, reserve-backed stablecoins, but this subsidiary has not yet submitted an application to the OCC.

According to Digital Asset, the South Korean Financial Services Commission has announced plans to advance a tokenization model for listed stocks centered around the Korea Exchange (KRX), referencing pilot programs from the New York Stock Exchange and NASDAQ. Non-listed stocks will be advanced for tokenization through a trust method.The Financial Services Commission has released a three-phase roadmap for the tokenization of standardized assets. The first phase will launch in February 2027 when the token securities law is implemented, targeting tokenization of private money market funds, private corporate bonds, and non-listed stocks, limited to institutional investors. The second phase will expand the scope to public offerings. The third phase will promote "on-chain settlement," meaning that both securities and settlement methods will complete payments and settlements on the blockchain. The Financial Services Commission stated that on-chain settlement will be officially advanced after stablecoin legislation.

The cryptocurrency exchange Bitget officially launches C2C trading services. The first batch of merchants has adopted a selective and targeted invitation mechanism, all of whom are certified merchants from other mainstream platforms and have over 180 days of relevant industry experience.Previously, Bitget has covered diverse trading scenarios including crypto assets, US stocks, and CFDs.

Coinbase and Webull announced the expansion of their cryptocurrency trading and custody collaboration into the Canadian market. The Webull Canada platform will be based on Coinbase's Crypto-as-a-Service infrastructure, utilizing its institutional-grade custody and trading services to provide Canadian investors with access to digital asset trading. This expansion continues the previous operational model established by both parties in the United States, Brazil, and Australia.According to an investigation by the Ontario Securities Commission (OSC), the cryptocurrency ownership rate in Canada has risen from 10% in 2023 to 25%. Coinbase Canada has registered as a Restricted Dealer in various provinces and territories to provide compliance support for this business launch. Following the announcement, the stock prices of both companies slightly declined in early trading, with Webull dropping approximately 1.3%.

According to Cointelegraph, the Financial Services Agency (FSA) of Japan proposed in its 2026 tax reform request to exempt trust-based stablecoins from mandatory tax reporting obligations starting from the fiscal year 2027. The agency suggested that trust-based stablecoins do not need to submit beneficiary trust reports and calculation statements that include the names and income of beneficiaries.The reason given by the FSA is that trust-based stablecoins circulate among a large number of users, with frequent and numerous transactions, and holding these assets does not generate income. If the proposal receives legislative approval, the relevant tax exemption measures will take effect from April 1, 2027.This move is part of Japan's efforts to incorporate cryptocurrency assets into the regulatory framework for traditional financial assets. In July of this year, the Japanese Diet passed an amendment that classifies cryptocurrency assets as financial assets under the Financial Instruments and Exchange Act, a direction first signaled by Finance Minister Shunichi Suzuki in January.

According to the Securities Times, on August 27, the reporter learned from SenseTime that SenseTime's large device provides domestic computing power support and Token services for the GLM-5.3-Flash recently launched and open-sourced by Zhipu, which is considered another benchmark for the large-scale commercial use of domestic computing power. It was revealed that the daily average Token service volume of SenseTime's large device reached 24.2 trillion in July, and it is expected to exceed a daily average of 100 trillion by the end of 2026.

According to the official announcement, Gate's Japanese stock trading service has officially launched on the App side, following its previous launch on the Web side, now achieving coverage on both Web and App platforms. Users can view market data, conduct trades, and manage their positions through either the computer or mobile platform, allowing for flexible switching between different usage scenarios. The first batch covers approximately 300 stocks listed on the Tokyo Stock Exchange, including popular targets such as Toyota Motor, Sony Group, SoftBank Group, Mitsubishi UFJ Financial Group, Nintendo, and Tokyo Electron.With the launch of the mobile service for Japanese stocks, Gate's stock trading service now covers four core markets: US stocks, Hong Kong stocks, Korean stocks, and Japanese stocks. In addition to continuously expanding the global stock market, Gate is also enhancing its product layout around Pre-IPOs, direct IPOs, and gStocks tokenized stocks, and supports fractional trading, stock dividends, and cross-brokerage transfer services. Through a unified stock account and collaboration across Web and App multi-terminals, Gate is further connecting different markets and asset types, continuously improving a one-stop multi-asset trading experience.

Zhipu released the lightweight flagship model GLM-5.3 Flash, aimed at competing with DeepSeek V4 Flash, and utilizes over 100,000 domestic chip clusters to provide inference services. The model has a parameter scale of approximately 300B, about 40% of GLM-5.3, and is roughly on par with DeepSeek V4 Flash; it adopts the MoE architecture, with actual activated parameters around 18B, possesses native multimodal capabilities, supports image and video input, and is the first new model with multimodal capabilities following Zhipu's focus on coding strategy.The comprehensive evaluation score exceeds that of the previous flagship GLM-5.2, is on par with Claude Opus 4.8, and is higher than the relevant scores of DeepSeek V4 Pro official version. The pricing is 0.8 yuan per million tokens for input, 2.8 yuan for output, and 0.23 yuan for cache hits, approximately one-tenth of GLM-5.3, with a half-price discount offered for the first two weeks after launch. The model is fully compatible with domestic computing power, online traffic is handled by domestic chips, and Zhipu claims that the cluster hardware efficiency and unit token cost have reached levels comparable to mainstream NVIDIA GPUs; this model was previously tested anonymously on overseas platforms under the code name Ox Alpha.

NVIDIA's Chief Financial Officer stated that NVIDIA is expanding its partnership with Amazon Web Services.

On August 26, several stocks in the Korean market performed actively. According to the Gate platform's Korean stock market data, E-World (084680) rose by 29.97%, currently priced at $0.43; HanmiGlobal Architects & Engineers (053690) increased by 18.40%, currently priced at $15.25; KEPCO Plant Service & Engineering (130660) saw a rise of 16.22%, currently priced at $9.88.

According to Cryptonomist, Animoca Brands and the RWA platform NUVA supported by Nuva Labs announced the adoption of Chainlink as its exclusive data infrastructure to provide tamper-proof valuation data for tokenized housing-related assets. The related asset base is approximately $19 billion, with the underlying sourced from Figure Technologies' Provenance Blockchain.The report states that NUVA will launch on Ethereum in May 2026, positioning itself as a cross-chain vault market, providing institutional-grade real estate credit exposure to retail users. Its products include nvYLDS (yield-bearing vault tokens linked to short-term U.S. Treasury yields) and nvPRIME (tokenized private credit vaults tracking the performance of real estate-backed credit such as Home Equity Lines of Credit - HELOC). Chainlink will initially provide pricing support for nvPRIME, used for collateral valuation, lending parameter setting, and liquidation threshold calculations.

According to DIGITIMES, Changxin Memory and Yangtze Memory continue to expand, and recently Apple is actively seeking to introduce the two Chinese memory supply chains, drawing attention to their entry into Apple's supply system. Industry insiders reveal that the two manufacturers are actually using Apple to prove that the quality of Chinese DRAM and NAND Flash has reached international standards, while secretly expanding their cloud and enterprise market share through third-party assembly for export to North American neocloud operators.Changxin Memory's parent company, Changxin Technology, has completed fundraising of 29.5 billion yuan, while Yangtze Memory plans to raise about 33 billion yuan through an IPO for production line upgrades and R&D. Yangtze Memory has turned profitable in 2024, with a net profit attributable to the parent company reaching 33.379 billion yuan in the first quarter of 2026; its third-phase new factory will begin production ahead of schedule in the fourth quarter of 2026, with a total monthly production capacity of 100,000 wafers, of which about 20% will be trial-produced LPDDR, becoming its first DRAM base. The supply chain indicates that the two companies are expected to increase the self-sufficiency rate of domestic memory in China to over 50% by the end of 2027 to 2028.Yangtze Memory sells NAND to third-party module manufacturers and assembles them into enterprise-level SSDs to avoid location sensitivity; Changxin Memory has already obtained certifications from small and medium-sized cloud operators in the U.S., Canada, and other regions. U.S. private enterprises can, in principle, procure from the two companies, with the entity list primarily restricting their access to U.S. technology, but not completely prohibiting private procurement. Cloud operators also reduce compliance risks through methods such as renting computing power or holding assets through third parties. The industry believes that Apple's influence on supply and demand in the industry is declining, and the two companies have no intention of supplying Apple in large quantities or engaging in price competition, making it difficult to meet Apple's demand in the Chinese market in the short term.

According to the Nikkei, Japan's Financial Services Agency plans to relax regulatory restrictions on trust banks issuing stablecoins, opening up space for individuals to conduct stablecoin transactions exceeding 1 million yen, and intends to include relevant content in the upcoming tax reform proposals.If implemented, stablecoins could further be used in large consumption scenarios such as automobiles and housing, indicating that the application of stablecoins in Japan is expanding from small payments to higher amount settlements.

WasabiCard's global remittance service supports over 30 fiat currencies, providing cross-border payment and bulk fund distribution capabilities for businesses, fintech platforms, and internet-native enterprises. Eligible payment channels support real-time or T+0 settlement.This service uses stablecoins as the funding allocation and settlement layer, connecting the traditional banking system with local payment networks. After completing the necessary KYC/KYB verification, users can deposit USDT into their WasabiCard accounts and exchange USDT for their chosen fiat currency through the global remittance feature, which is then transferred in real-time to the user's personal bank card account with the same name. In scenarios of corporate fund management and fund collection, eligible businesses can also use corporate bank accounts for receiving payments.Businesses can initiate payments to employees, contractors, suppliers, creators, affiliate partners, and platform merchants through a unified management backend or API. Core capabilities include bulk payments, smart routing, transparent exchange rates and fees, payment status tracking, and financial reconciliation.

According to Cointelegraph, the affiliated company of the trading platform Capital.com, Capital Vault, has obtained a virtual asset license issued by the Capital Markets Authority (CMA) of the UAE, allowing it to handle virtual assets as an agent or matching party and provide custody services.Capital Vault will operate as an independent regulated entity, having established an office in Abu Dhabi and formed a local virtual asset team. After the service goes live, UAE users will be able to directly purchase and hold crypto assets through the Capital.com app, unlike the previous offering which only provided price exposure through contracts for difference (CFD).

Citi plans to offer Bitcoin custody services for institutional clients through its Custody+ platform later this year. This service will integrate Bitcoin with traditional assets such as stocks and bonds within the same custody framework, allowing clients to access custody, settlement, foreign exchange, cash, and liquidity services through a single system. Bitcoin will be the first digital asset supported by Citi's new custody service, and Citi has not yet announced a specific launch date or the list of initial clients.Custody+ is launched by Citi Investor Services, and Citi's custody business covers over 100 markets, operating its own custody network in 62 markets. Citi states that its goal is for banks to self-custody native digital assets rather than relying solely on external exchanges or other digital asset companies. The project has been in development for about two to three years, with Citi first disclosing related plans in 2025. Custody+ will provide real-time settlement, foreign exchange services, automated hedging, cash management, and liquidity tools. The Single Event Processing in its custody system currently processes over 80% of event volume in real-time; in the U.S., this system has reduced the processing time for some voluntary corporate actions by up to 92%, with 96% of related events completed within two hours. Chris Cox, head of Citi Investor Services, stated that Citi invests over $2 billion annually in its Services platform.

According to Newsroom, PayPal and Venmo are expanding into the tuition payment sector through a new integration service, partnering with three major education payment platforms.