The deposit token would not be intended for purchases of cryptocurrencies or as a replacement for stablecoins; it would be designed for use within the traditional financial system for payments, settlements, and similar functions.

The risk of attacks and chaos in cryptocurrency marketplaces will skyrocket when the Ethereum network undergoes a major software upgrade in September.

The firms have developed their own compliance program for the U.S. Treasury Department's travel rule, in an effort to head off tighter regulation.

Pension and endowment interest in digital-currency investments indicate "that people are trying to get exposure."

New fund option promises up to 7% annual return on a "stablecoin"-based account that would function much like a CD.

In business since 1851, the insurer also takes a $5 million minority equity stake in NYDIG, a provider of cryptocurrency custody services.

Once seen as a corporate cure-all, blockchain-based solutions are rolling out very slowly. So far, only 1% of organizations have adopted these technologies.

Value of the digital token has declined more than $1,000 in two days.