Another major international bank has entered the crypto space. On January 12, there were reports that a well-established financial institution plans to establish a cryptocurrency prime brokerage platform through its investment arm, integrating custody, financing, and market access into a unified service system. The project is still in the early stages of preparation, but the institution's ambitious layout is already evident.
Why do they play this way? Frankly, the pressure from regulatory costs is too high. According to the Basel III framework, the capital requirement for unlicensed crypto assets reaches 1250%, which makes compliance costs enough to cause pain for any institution. The benefit of this integrated platform is that it can help meet regulatory requirements more efficiently and avoid excessive capital occupation.
This institution has actually been testing the waters in the crypto circle for some time. It previously launched custody services and trading platforms, and last year became the first global systemically important bank to offer spot crypto trading. Building this prime brokerage platform is like integrating previous scattered attempts into a complete industry chain—covering custody, financing, and trading—allowing crypto institutions to solve all their needs in one stop. Meanwhile, this traditional financial player is also positioning itself more advantageously in this wave of market entry.
It is still in the preparation stage. How exactly it will be implemented and whether it can truly provide a smooth user experience remains to be seen.
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tokenomics_truther
· 3h ago
1250% capital requirement? This guy is really driven crazy by regulation.
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Old-school financial institutions are starting to band together, indicating that crypto is really shaking up their turf.
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An integrated platform sounds good, but we all know traditional finance often struggles when venturing into new territory.
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They were the first to do spot trading last year. Will this integration truly come to fruition? Time will tell.
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That 1250% Basel III requirement—I just want to know who's behind pushing such an outrageous number.
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They've been lavishly prepared from the early stages; if it ends in failure, don't say I didn't warn you.
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Honestly, it's all about compliance costs. It's not really a philanthropic act—don't be fooled by marketing.
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Custody, financing, trading—trying to create a one-stop shop. Hold on, isn't that too much power concentrated?
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Wait, the first global systemically important bank to do spot trading? I don't remember hearing about this.
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The main brokerage platform sounds like it's aiming to be the Goldman Sachs of the crypto world. Will it succeed? I really don't know.
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From scattered testing to industry chain integration, traditional finance is serious about this. Are they about to take over our turf?
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GasFeeLover
· 01-12 12:48
1250% capital requirement? The old banks are going crazy. Let's see who can hold up.
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Another integrated platform. Sounds good, but it still feels like they're trying to evade regulatory risks.
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They've been hyping it up during the preparation phase. The real test will be when it officially launches.
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Traditional finance is like this—reacting late to jump on the crypto bandwagon, nothing new.
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Basel III framework is so strict, no wonder they have to find ways to cut costs. But can they guarantee user experience?
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Everyone wants a piece of the pie now. It all depends on who can truly deliver a good product.
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1250%... As soon as I saw this number, I knew there would be trouble ahead.
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From custody to trading, sounds great in theory, but in reality, we still have to wait.
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These big banks are basically paving the way for themselves. Can the crypto community buy into this?
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Why do these traditional giants seem more and more anxious, afraid of missing the next big opportunity?
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SandwichDetector
· 01-12 12:39
1250% capital requirement, which is forcing traditional financial institutions to step into the game. No wonder everyone wants a piece of the pie.
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Another integrated consolidation—sounds good, but in reality, it's still just circling around regulatory issues.
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Let's wait until it's officially launched. It's too early to talk about whether the experience is smooth or not.
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Banks venturing into crypto are truly being forced out by compliance costs.
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From scattered trials to a complete industry chain, this institution really wants to master this market.
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Whether it can truly satisfy users in the end remains to be seen. Boasting during the preparation phase is just empty talk.
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1250%—if it were me, I’d also find ways to integrate and reduce costs. The pressure is indeed intense.
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Traditional finance is finally getting serious, but whether they can do it well is another story.
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AlphaLeaker
· 01-12 12:38
Another one again? Traditional finance really can't tell the difference anymore; a 1250% capital requirement can be turned into a business opportunity through sheer force.
Wait, if this integrated platform can really be implemented, the financing costs in the crypto space would have to be cut in half... That's interesting.
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DoomCanister
· 01-12 12:38
A 1250% capital requirement is really extreme; no wonder these institutions have to band together for warmth.
Banks are starting to deeply integrate into the crypto space. What does this mean? It indicates that the regulatory framework is gradually stabilizing.
This integrated solution sounds good, but as long as it doesn't cause too much pain when launched, it’s considered a win.
Let's wait until the preparations are complete; promises made now are not guaranteed.
Traditional finance is like this when it comes in—efficiency is the top priority, and user experience becomes secondary.
As long as the Basel III constraints are in place, these types of integrated platforms will have to be built one by one.
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mev_me_maybe
· 01-12 12:28
1250% capital requirement, how painful is that, no wonder traditional financial giants are banding together for warmth
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Wait, one-stop service sounds good, but can it really be implemented, or is it just another PPT project
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Hmm, once again old financial institutions want a piece of the crypto pie, who will ultimately foot the bill?
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It's been obvious for a while that regulatory compliance is the real core of this operation, not some conscience-driven desire to serve the industry
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Last year, spot crypto trading was already in place, and now the entire prime brokerage platform makes perfect sense; let's wait and see if it can be smoothly integrated
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What sounds like an integrated solution is, in reality, just packaging risks and selling them to institutional investors, take it easy
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For projects in the preparation phase, getting too excited too early might be awkward, let me observe quietly first
Another major international bank has entered the crypto space. On January 12, there were reports that a well-established financial institution plans to establish a cryptocurrency prime brokerage platform through its investment arm, integrating custody, financing, and market access into a unified service system. The project is still in the early stages of preparation, but the institution's ambitious layout is already evident.
Why do they play this way? Frankly, the pressure from regulatory costs is too high. According to the Basel III framework, the capital requirement for unlicensed crypto assets reaches 1250%, which makes compliance costs enough to cause pain for any institution. The benefit of this integrated platform is that it can help meet regulatory requirements more efficiently and avoid excessive capital occupation.
This institution has actually been testing the waters in the crypto circle for some time. It previously launched custody services and trading platforms, and last year became the first global systemically important bank to offer spot crypto trading. Building this prime brokerage platform is like integrating previous scattered attempts into a complete industry chain—covering custody, financing, and trading—allowing crypto institutions to solve all their needs in one stop. Meanwhile, this traditional financial player is also positioning itself more advantageously in this wave of market entry.
It is still in the preparation stage. How exactly it will be implemented and whether it can truly provide a smooth user experience remains to be seen.