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Global Bank Crypto Adoption Tracker

What banks are verifiably doing in stablecoins, tokenized deposits, custody and trading — with regulatory, technical and commercial status kept separate, because an authorisation is not a launch and a pilot is not a product.

initiatives
23
institutions
22
with primary evidence
15
sources
33

Last verified 2026-10-22 (sources re-fetched and quote-matched by scripts/verify-tracker.mjs before each deploy).

23 of 23 initiatives · sorted by latest status change

  • 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

    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

    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.

  • Stablecoin issuance · United Kingdom / Hong Kong

    HSBC

    HSBC Hong Kong stablecoin (HSBC RedCoin)

    regulatory
    Approved / authorised2026-04-10
    technical
    Unknown
    commercial
    Announced / exploring2026-09-30

    Last change 2026-09-30 · verified 2026-10-22

    Status history (2)
    1. 2026-04-10 · regulatory: Approved / authorised. HKMA granted stablecoin issuer licence.
    2. 2026-09-30 · commercial: Announced / exploring. Product named, phased rollout announced.

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

    commercial note: Named; phased rollout announced, not launched.

  • 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

    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

    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

    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

    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

    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

    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

    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

    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.

  • 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

    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

    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

    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

    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

    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

    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

    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.

  • 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

    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.

Coverage and inclusion criteria

  • Included: banks, bank subsidiaries and bank-owned market infrastructure with a dated initiative in stablecoins, tokenized deposits, crypto custody/trading or tokenised settlement, backed by a regulator record or the institution’s own publication.
  • Not included: media reports alone, unnamed “sources say” stories, vendor marketing about unnamed bank clients, and placeholders.
  • EU MiCA rows come from ESMA’s interim MiCA register. We list a selection of notable credit institutions, not every notifying bank (ESMA’s register lists many more, e.g. German cooperative banks).
  • Coverage is incomplete and global-first by intent: currently strongest for the EU, US, UK, Hong Kong, Singapore and the UAE. Latin America, Japan, India and Africa are under-covered; absence from this table means “not yet reviewed”, not “not active”.

Status definitions

Regulatory
— whether a regulator has authorised it (or, for EU credit institutions, recorded a MiCA Art. 60 notification — a notification, not an authorisation).
Technical
— whether it has been built, piloted or used in live transactions.
Commercial
— whether customers can actually use it, and within what scope.

Full definitions, evidence types and review rules: methodology. Spot an error? Corrections.

Institution profiles