Latest news with #Arc
Yahoo
20 hours ago
- Business
- Yahoo
PNC, Coinbase team up on crypto-as-a-service
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. PNC customers will soon be able to buy, sell and hold cryptocurrency through the bank's new partnership with Coinbase. 'Partnering with Coinbase accelerates our ability to bring innovative, crypto financial solutions to our clients,' said PNC CEO Bill Demchak in a prepared statement Tuesday. 'We will also provide PNC's best-in-class banking services to Coinbase,' he said. 'This collaboration enables us to meet growing demand for secure and streamlined access to digital assets on PNC's trusted platform.' Coinbase is the nation's largest cryptocurrency exchange. As of February, it held nearly half a trillion dollars in assets, which would make it akin to the 21st-largest bank in the country, according to CEO Brian Armstrong. 'If you think of us more like a brokerage, we'd be the 8th largest brokerage today by AUM,' he wrote on social media platform X. Coinbase will support PNC's entry into the digital asset market with its crypto-as-a-service platform, 'which provides PNC with a powerful set of tools to develop a scalable, high-growth business, built on a foundation of uncompromising security,' said Brett Tejpaul, head of Coinbase Institutional, in a prepared statement Tuesday. The distance between the crypto realm and traditional finance has been closing in 2025 due to relaxed regulatory oversight and a push for federal crypto legislation. The GENIUS Act, signed into law by President Donald Trump on Friday, creates a regulatory framework for stablecoins. Meanwhile, the CLARITY Act, which would divide regulatory oversight between the Commodity Futures Trading Commission and Securities and Exchange Commission and create a framework for digital assets, is moving through the legislature. Several crypto-bank partnerships have been inked in recent months. BNY said last week that it would custody the reserves of Ripple's new stablecoin, Ripple USD, weeks after striking a similar partnership with Societe Generale regarding its CoinVertible USD. Digital native bank Green Dot announced a partnership with in May, offering banking and money management tools to the crypto exchange's U.S. customers through Arc, the bank's embedded finance platform. SoFi CEO Anthony Noto also said in May that his firm would re-enter the crypto business, which it exited in 2023, in the next six months. Brad Rustin, chair of law firm Nelson Mullins' financial services regulatory practice in Greenville, South Carolina, told Banking Dive in May that 'lots and lots and lots of banks' are talking about getting in on crypto amidst the Trump administration's regulatory shifts. The interest is largely coming from two verticals, Rustin said: fintech-forward banks that have long had an understanding of crypto assets, and large banks that have sizable securities custodial programs. '[The latter] are banks that did securities lending, that did margin lending, that did traditional custody services for stocks and bonds,' Rustin said. 'They're saying, 'Well, look, this is no different than custodying a stock or a bond. It's just how you actually control it and how you maintain it that's different.'' Recommended Reading Treasury calls for more fintech oversight Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
North Wales Chronicle
3 days ago
- Sport
- North Wales Chronicle
All roads lead to the Arc for Grand Prix de Paris hero Leffard
French trainer Jean-Claude Rouget was marking his return to the big time, having battled with cancer in recent years and seeing his string much reduced, also abandoning a plan to join forces with Jerome Reynier. He had in fact been without a Group One success since the brilliant Ace Impact won the Arc in 2023. Leffard races in the colours of Gerard Augustin-Normand, also the owner of Le Havre, Leffard's sire and a Prix du Jockey Club winner for the same connections. Leffard takes the Grand Prix de Paris (G1)! — IFHA's Longines World's Best Racehorse Rankings (@worldsbesthorse) July 13, 2025 'He'll run in the Prix Niel and the Arc, that will be his programme,' said former trainer John Hammond, racing and bloodstock adviser to Augustin-Normand, who owns the colt in company with Ecurie Antonio Caro. 'It was an emotional day given what Jean-Claude has been through, it was a big day, a big, big win. 'He's a lovely looking horse, really good looking and very correct. He didn't run at two, he's a very nice type and hopefully he'll be competitive in the autumn, but he's going to have to step up a bit. "Allez petit va !" 🤩 Pris par l'émotion, Jean-Claude Rouget accompagne Leffard dans la la dernière ligne du Cygames Grand Prix de Paris (Gr.1) — Equidia (@equidia) July 13, 2025 'On a line through the horse who finished third, New Ground, he was beaten about the same as he was by Lambourn in the Derby so we've a rough idea where we are. He was beaten five and a half lengths in Paris and five lengths at Epsom, so in theory that gives you a bit of a line.' Hammond – twice an Arc-winning handler in his training days, courtesy of Suave Dancer and the magnificent Montjeu – added: 'He's got an outstanding pedigree and he means a lot to the owners, so it's exciting.'
Rhyl Journal
3 days ago
- Sport
- Rhyl Journal
All roads lead to the Arc for Grand Prix de Paris hero Leffard
French trainer Jean-Claude Rouget was marking his return to the big time, having battled with cancer in recent years and seeing his string much reduced, also abandoning a plan to join forces with Jerome Reynier. He had in fact been without a Group One success since the brilliant Ace Impact won the Arc in 2023. Leffard races in the colours of Gerard Augustin-Normand, also the owner of Le Havre, Leffard's sire and a Prix du Jockey Club winner for the same connections. Leffard takes the Grand Prix de Paris (G1)! — IFHA's Longines World's Best Racehorse Rankings (@worldsbesthorse) July 13, 2025 'He'll run in the Prix Niel and the Arc, that will be his programme,' said former trainer John Hammond, racing and bloodstock adviser to Augustin-Normand, who owns the colt in company with Ecurie Antonio Caro. 'It was an emotional day given what Jean-Claude has been through, it was a big day, a big, big win. 'He's a lovely looking horse, really good looking and very correct. He didn't run at two, he's a very nice type and hopefully he'll be competitive in the autumn, but he's going to have to step up a bit. "Allez petit va !" 🤩 Pris par l'émotion, Jean-Claude Rouget accompagne Leffard dans la la dernière ligne du Cygames Grand Prix de Paris (Gr.1) — Equidia (@equidia) July 13, 2025 'On a line through the horse who finished third, New Ground, he was beaten about the same as he was by Lambourn in the Derby so we've a rough idea where we are. He was beaten five and a half lengths in Paris and five lengths at Epsom, so in theory that gives you a bit of a line.' Hammond – twice an Arc-winning handler in his training days, courtesy of Suave Dancer and the magnificent Montjeu – added: 'He's got an outstanding pedigree and he means a lot to the owners, so it's exciting.'
Leader Live
3 days ago
- Sport
- Leader Live
All roads lead to the Arc for Grand Prix de Paris hero Leffard
French trainer Jean-Claude Rouget was marking his return to the big time, having battled with cancer in recent years and seeing his string much reduced, also abandoning a plan to join forces with Jerome Reynier. He had in fact been without a Group One success since the brilliant Ace Impact won the Arc in 2023. Leffard races in the colours of Gerard Augustin-Normand, also the owner of Le Havre, Leffard's sire and a Prix du Jockey Club winner for the same connections. Leffard takes the Grand Prix de Paris (G1)! — IFHA's Longines World's Best Racehorse Rankings (@worldsbesthorse) July 13, 2025 'He'll run in the Prix Niel and the Arc, that will be his programme,' said former trainer John Hammond, racing and bloodstock adviser to Augustin-Normand, who owns the colt in company with Ecurie Antonio Caro. 'It was an emotional day given what Jean-Claude has been through, it was a big day, a big, big win. 'He's a lovely looking horse, really good looking and very correct. He didn't run at two, he's a very nice type and hopefully he'll be competitive in the autumn, but he's going to have to step up a bit. "Allez petit va !" 🤩 Pris par l'émotion, Jean-Claude Rouget accompagne Leffard dans la la dernière ligne du Cygames Grand Prix de Paris (Gr.1) — Equidia (@equidia) July 13, 2025 'On a line through the horse who finished third, New Ground, he was beaten about the same as he was by Lambourn in the Derby so we've a rough idea where we are. He was beaten five and a half lengths in Paris and five lengths at Epsom, so in theory that gives you a bit of a line.' Hammond – twice an Arc-winning handler in his training days, courtesy of Suave Dancer and the magnificent Montjeu – added: 'He's got an outstanding pedigree and he means a lot to the owners, so it's exciting.'
The Herald Scotland
3 days ago
- Sport
- The Herald Scotland
All roads lead to the Arc for Grand Prix de Paris hero Leffard
He had in fact been without a Group One success since the brilliant Ace Impact won the Arc in 2023. Leffard races in the colours of Gerard Augustin-Normand, also the owner of Le Havre, Leffard's sire and a Prix du Jockey Club winner for the same connections. Leffard takes the Grand Prix de Paris (G1)! — IFHA's Longines World's Best Racehorse Rankings (@worldsbesthorse) July 13, 2025 'He'll run in the Prix Niel and the Arc, that will be his programme,' said former trainer John Hammond, racing and bloodstock adviser to Augustin-Normand, who owns the colt in company with Ecurie Antonio Caro. 'It was an emotional day given what Jean-Claude has been through, it was a big day, a big, big win. 'He's a lovely looking horse, really good looking and very correct. He didn't run at two, he's a very nice type and hopefully he'll be competitive in the autumn, but he's going to have to step up a bit. "Allez petit va !" 🤩 Pris par l'émotion, Jean-Claude Rouget accompagne Leffard dans la la dernière ligne du Cygames Grand Prix de Paris (Gr.1) — Equidia (@equidia) July 13, 2025 'On a line through the horse who finished third, New Ground, he was beaten about the same as he was by Lambourn in the Derby so we've a rough idea where we are. He was beaten five and a half lengths in Paris and five lengths at Epsom, so in theory that gives you a bit of a line.' Hammond – twice an Arc-winning handler in his training days, courtesy of Suave Dancer and the magnificent Montjeu – added: 'He's got an outstanding pedigree and he means a lot to the owners, so it's exciting.'
