ICYMI: The Banks of Tomorrow
July 9, 2025
7 min
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4,806 of 5,353
July 9, 2025
ICYMI: The Banks of Tomorrow
0:00 / 7:58
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Bloomberg Originals Episodes Around July 9, 2025
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7:58This episodeICYMI: The Banks of Tomorrow
Summary
<p>Payments and stablecoin firm Ripple Labs Inc. and crypto custodian BitGo Inc. have applied for national bank charters, joining a crush of upstart financial services companies seeking such approval. BitGo, which custodies billions of dollars in crypto assets for clients, is weighing an initial public offering as soon as this year, Bloomberg News previously reported. The custodian’s corporate structure already includes two state-regulated trust companies, one in New York and one chartered in South Dakota.<br /><br />Bloomberg News personal finance reporter Paige Smith details the push by tech-focused firms into the traditional US financial system. Paige speaks with Tim Stenovec and Emily Graffeo on Bloomberg Businessweek Daily.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>
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