UBS (UBS), with $6.6 trillion in assets under management (AUM), plans to start allowing select private clients to buy bitcoin and ether, Bloomberg reported on Friday, citing people familiar with the matter.The decision to start offering crypto services, according to the story, stems from a growing demand from its wealthy clients.“As part of UBS’s digital asset strategy, we actively monitor developments and explore initiatives that reflect client needs, regulatory developments, market trends and robust risk controls,” a UBS spokesperson told CoinDesk. “We recognize the importance of distributed ledger technology like blockchain, which underpins digital assets.”UBS had previously taken a cautious…

Binance is considering bringing back tokenized stock trading on its platform, after abandoning the product in 2021.Stock tokens are digital representations of shares in public companies. Instead of owning a whole share of Apple or Microsoft, an investor can buy a fraction of a share — held and settled on a blockchain — mirroring the real-time price of the underlying asset.”Binance is committed to bridging traditional finance and crypto, expanding user choices while maintaining the highest regulatory standards. Since last year, we started supporting tokenized real-world assets, and we recently launched the first regulated TradFi perpetual contracts settled in stablecoin,”…

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