Major U.S. Banks Commit $270 Million To Stablecoin Venture

Goldman Sachs is investing $500 million to launch the Small Business AI Institute, partnering with Anthropic, Google, Meta, and OpenAI. The initiative aims to support 10,000 small businesses in adopting AI, providing training and capital. Since 2010, the 10,000 Small Businesses program has helped 20,000 entrepreneurs, generating $32 billion in annual revenue and 350,000 jobs.

Deutsche Bank launched a digital asset custody service for institutional and corporate clients in Europe, supporting bitcoin, ether, and three stablecoins. The service manages wallets and private keys, with plans to expand to Asia. It complies with the EU's MiCA rules and aims to offer tokenized funds and other products. The bank partnered with Deutsche Asset Management for further exploration of tokenized assets.

Deutsche Bank launched a crypto custody service on November 11, 2026, for institutional clients in Europe, offering custody for bitcoin, ether, and three stablecoins. The service is not available to retail investors. The bank received regulatory approval and is listed in the EU MiCA register. The service is accessed through the bank's electronic trading platform, Autobahn, or the corporate bank's portal. The bank plans to expand the range of assets over time.

Deutsche Bank has started offering Bitcoin and Ether custody services to corporate clients, according to Reuters. The bank is registered with ESMA under MiCA, allowing cross-border services in 30 countries. Supported tokens include BTC, ETH, USDC, EURC, and EURAU. The bank aims to expand into a full digital asset ecosystem, with a recent agreement with its asset management arm to explore further collaboration in the digital asset space.

Goldman Sachs, HSBC, Fortress, Ruya, and Amwal plan to lend $150M to United Saudi Company, marking a significant private credit transaction amid the US-Iran war. Saudi Arabia is increasingly relying on private capital for economic overhaul and to manage fiscal pressures. The deal highlights growing nonbank lending opportunities in the region.

Fortress Investment Group, Goldman Sachs, and HSBC are providing $150 million in private credit financing to United Saudi Company, marking a rare cross-border deal since the U.S.-Iran war. This is one of the largest such deals since mid-2025, as international lenders become more active in Saudi Arabia's financing market. The transaction is notable for Fortress's first entry into Saudi private credit and reflects the kingdom's efforts to diversify financing sources.