The blockchain-based crypto services firm is disclosing more big names from its latest funding round.
The second largest U.S. bank said that the rise of CBDCs was "inevitable."
The bank’s prime brokerage unit is said to be allowing clients to access various crypto exchange-traded products.
Also, Circle might be an attractive "starter stock for the cautious" when it goes public, according to one analyst.
Clients are in the process of being set up, with some already live, according to one of two sources.
America’s second-largest bank is the latest financial institution to wade deeper into crypto.
The results are up six percentage points from last month’s data, indicating sentiment on Wall Street has turned more bearish.
A bullish bet on the cryptocurrency was also the most crowded trade in January.
The Paxos Settlement Service has been built with blockchain tech to speed up stock-trade settlement.
CBDCs could facilitate central bank stimulus in the form of money drops, and lead to higher inflation, says BofA.
There is "no good reason to own BTC unless you see prices going up," the bank says, but it is intrigued by decentralized finance.
It's a sign of the times how dramatically the vaccine has changed the market landscape, a year after the coronavirus pandemic initially wreaked havoc on the global economy.
Cryptocurrencies "challenge the ability of governments to levy taxes and to control capital flows more broadly," the report says.
Bank of America's January survey of fund managers indicated bitcoin is now seeing the most capital inflow.
BoA researchers anticipate China's digital yuan might make a dent in the greenback’s global hegemony.