Bank custody, stablecoin payments and Bitcoin retirement accounts feature in today’s crypto developments, alongside a last-minute change to Solana’s Shanghai event. This roundup covers announcements and new disclosures from October 16, 2026.
Deutsche Bank Outlines Bitcoin and Ethereum Custody Timetable
Bitcoin and Ether will be the first assets supported when Deutsche Bank introduces its crypto custody service, corporate banking co-head Gerald Podobnik told Reuters in a report published Friday. He put the German launch just weeks away, with expansion into Asian financial centres planned for 2027. Stablecoin transactions, tokenized deposits and blockchain-based securities also form part of the bank’s broader plans.
Coinbase Partnership Brings Stablecoin Card Plans to Marqeta Customers
Businesses using Marqeta are set to gain a way to offer cards funded from customers’ stablecoin holdings, under an expanded Coinbase partnership announced Friday. Marqeta will oversee card issuance and processing, while Coinbase will safeguard the digital assets and manage conversion into conventional currency. Settlement will use Base, and businesses will be able to fund their card programmes around the clock.
Circle Targets About 40 Additional Markets
Circle is preparing to enter roughly 40 emerging and developing markets, CEO Jeremy Allaire said in an October 16 Reuters interview. He pointed to growing demand for digital dollars across Southeast Asia, Africa, Latin America and the Middle East as the company pursues wider adoption. Allaire also highlighted AI software making small payments in USDC as another developing use for the stablecoin.
Solana Postpones Shanghai Gathering After Registration Surge
People preparing to attend Solana’s Shanghai event were told on October 16 that the programme had been postponed. Solana Foundation President Lily Liu attributed the decision to registrations increasing fourfold overnight, taking expected attendance beyond the limit agreed with local authorities. Organizers said registered guests would receive an updated schedule once arrangements were confirmed; a replacement date had not been announced at the time of reporting.
Bitcoin Well Opens U.S. Retirement Accounts Holding BTC
U.S. customers can now open Traditional or Roth retirement accounts through Bitcoin Well that hold Bitcoin directly, following the company’s October 16 product announcement. Heritage IRA administers the accounts, which accept eligible transfers from existing retirement accounts and qualifying 401(k) rollovers. Bitcoin Well lists a $210 annual IRA fee and says it also earns revenue from the spread on Bitcoin transactions within the accounts.
SBI and Startale Explore a Yen–Dollar Stablecoin Connection
A proposed connection between yen and dollar stablecoins is the focus of SBI Holdings and Startale’s latest initiative. The companies announced on October 16 that they had joined Open Standard and would explore a pilot linking JPYSC, issued by SBI Shinsei Trust Bank, with the dollar-denominated Open USD, or OUSD. Their goal is to simplify settlement between the two currencies, with the proposed connection still at the exploration stage.