Markets

The US Securities and Exchange Commission (SEC) has officially denied Coinbase’s petition for crypto regulations. The regulator has long claimed that the crypto industry is well-regulated with the securities regulations, which fits the SEC’s claims that cryptocurrencies are securities. However,...

TMX Group Limited recently announced its intention to acquire the remaining 78% stake in VettaFi Holdings LLC. The owner of the Toronto Stock Exchange said that it will acquire the remaining stake for $1.15 billion (CAD $1.4 billion). https://twitter.com/NateGeraci/status/1735166415819395312 TMX...

AXA Investment Managers (AXA IM) has announced the completion of the first market transaction using stablecoins. The transaction in question involved CoinVertible (EURCV) stablecoins issued by Societe Generale. These stablecoins were issued as part of a new joint experimentation by...

PwC has announced a strategic alliance with Engine by Starling. The latter is a software-as-a-service subsidiary of Starling Bank. Engine will make modern banking technology accessible to banks around the world. This Engine platform powering Starling Bank is modular, API-based,...

Legislatures across the UK are urging the Bank of England to address the concerns around data privacy and financial stability before launching a digital pound. The Treasury Committee believes that prevalent risks around a retail CBDC need to be addressed...

Banking giant Standard Chartered has secured a regional partnership with VISA to make installment payment options readily available to credit cardholders in the APAC region. This partnership is made possible by the VISA Instalment Solution. The Visa Instalment Solution will...

The international consortium of major global banks focused on creating a new blockchain-based payment system, known as Fnality, recently managed to successfully complete its first live transactions. This represents a major achievement for the consortium, and it brings it one...

Pave Bank, a programmable money startup, recently moved out of stealth with a digital commercial banking license in Georgia, as well as a $5.2 million funding round. The bank intends to introduce a variety of services and features, including multi-currency...

Multi-asset brokerage company Tradu, the sister firm of FXCM, has selected Crossover Markets Group as its primary partner for digital asset execution. The company’s recent announcement stated that crypto on Tradu’s upcoming service will be routed to Crossover’s CROSSx electronic...

JCB, a major card issuer from Japan, recently announced that it plans to move on into Phase 2 of a pilot to trial offline P2P payments for the local central bank digital currency (CBDC). https://twitter.com/hbarTaTa/status/1734963639113720095 JCB is ready to start...

Aria, a French fintech firm, recently concluded a funding round with €15 million raised. The company intends to use the funds to expand its deferred payment infrastructure across the platform economy and B2B marketplaces. The round’s leader and largest contributor...

Jeff Parker, the former SVP and managing director of Marqeta, recently got hired as the new CEO at Paymentology, the global card issuer and processor. Paymentology is a company that covers both the issuance and processing of cards for banks,...

A Colombian B2B payments startup, Supra, recently held an investment round that was led by Citi Bank. Apart from the major bank, the round also saw participation from H20 Capital and Far Out Ventures. Citi’s support will help Supra in...

Global Futures and Options (GFO-X), a growing digital asset trading startup, recently concluded a highly successful seed round that managed to raise $30 million. The round was concluded ahead of the platform’s forthcoming launch, and it was led by M&G...

The Depository Trust and Clearing Corporation (DTCC) recently published a statement regarding the US SEC’s new Treasury regulations. According to the company, it has every intention to achieve full compliance with the amended rules. DTCC confirms its intention to comply...