Jewel Bank Wants to Become a Global Stablecoin Issuer, With Bermuda’s OK

Jewel Bank Wants to Become a Global Stablecoin Issuer, With Bermuda’s OK
Jewel, a proposed Bermudian bank and aspiring stablecoin issuer that is looking to provide services to digital asset businesses worldwide, has hired Nick Lepetsos, a veteran of First Western Trust Bank, as CEO.He is coming on board at a time when the proposed bank is waiting to see whether its application for a banking license in the British island territory of Bermuda will be approved, according to a press statement shared with CoinDesk. If approved, the combined bank and digital asset license will allow Jewel to serve as the custodian for digital assets, facilitate crypto-collateralized lending and issue its own…