Bank

Many cryptocurrency lending schemes are eerily similar to banks’ abilities to loan out money and create debt through fractional reserve banking.

Sumitomo Mitsui Trust will partner with Bitbank to form a company focused on institutional custodial services for bitcoin and other cryptocurrencies.

Zurich-based Julius Baer Group will begin offering bitcoin and other cryptocurrency products and services to its clients.

Nomura Holdings began trading bitcoin derivative contracts this week including options and futures citing increased institutional demand.