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Goldman Sachs, Deutsche Bank Lead Nine-Bank Blockchain Money Initiative
Yahoo Finance·2025-10-11 03:11

Goldman Sachs Group Inc., Deutsche Bank AG, Bank of America Corp., and Banco Santander have joined forces in a nine-bank coalition to explore the creation of blockchain-based digital money. The initiative marks another major step by traditional financial institutions to integrate cryptocurrency infrastructure into global payment systems. The consortium also includes BNP Paribas, Citigroup Inc., MUFG Bank Ltd, TD Bank Group, and UBS Group AG. Together, they plan to investigate the issuance of a 1:1 reserve ...