A bank can hold digital dollars for its clients, help issue them with other institutions and use a payment network to settle obligations in them. Each job calls for a different investment. A series of announcements in recent days indicate where financial institutions are embracing aspects of the work themselves and where they are willing to share it.

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As PYMNTS reported Wednesday (Nov. 11), Deutsche Bank has begun providing digital asset custody to paying clients after outlining a service for institutional and corporate customers in Europe. Custody gives those clients a bank to safeguard assets they already hold. Issuance is a separate undertaking, which Deutsche Bank is pursuing with other financial institutions.

PYMNTS reported Tuesday (Nov. 10) that Goldman Sachs, Citigroup, Santander and Deutsche Bank were among the institutions behind the reported funding for Project Faro. The money would cover about five years of operations for a planned U.S. issuer of a dollar stablecoin. The consortium gives participating institutions a way to share the cost of running an issuer. Each bank still has to decide how the token would fit into the services it offers clients.

Visa’s settlement program shows how that decision works in practice. In a seven-day pilot covered here , Lloyds settled $750,000 in obligations with Visa. Lloyds used its own node on Canton, while Visa supported settlement on a separate public blockchain. The funds reached Visa in under an hour, including over the weekend, the companies said.

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