TradFi & Fintech
From banks, to asset managers and payments apps, these are the financial firms operating on top of traditional rails and non-blockchain infrastructure.
Top Stories
EDX Markets Closes $76M Series C Led by SBI Holdings
EDX Markets, an institutional-only crypto trading venue with its own central clearinghouse, closed a $76 million Series C funding round led by SBI Holdings, the firm said in a press release. The Tokyo-listed financial group becomes a strategic investor in the U.S. exchange. The capital will fund…
DTCC Starts Live Tokenized-Securities Trades With More Than Two Dozen Firms
The company that settles most US stock trades is running its first production trades of tokenized real-world assets, with a full service launch set for October.
Recent articles
EDX Markets Closes $76M Series C Led by SBI Holdings
EDX Markets, an institutional-only crypto trading venue with its own central clearinghouse, closed a $76 million Series C funding round led by SBI Holdings, the firm said in a press release. The Tokyo-listed financial group becomes a strategic investor in the U.S. exchange. The capital will fund…
DTCC Starts Live Tokenized-Securities Trades With More Than Two Dozen Firms
The company that settles most US stock trades is running its first production trades of tokenized real-world assets, with a full service launch set for October.
Stripe's $53B PayPal Bid Would Combine Bridge and PYUSD Under One Owner
The unsolicited offer from Stripe and Advent International, if PayPal accepts, would consolidate two of the mainstream payments industry's stablecoin operations.
Tether Leads $7M Series A in Pact Labs for USA₮ Payroll
The stablecoin issuer's latest strategic bet targets payroll, wage access and everyday payments rails for its US-focused USA₮ token.
HSBC Issues First Digitally Native Structured Product in Hong Kong
The bank placed USD-denominated notes issued directly on a blockchain, with Marketnode acting as tokenization agent and digital paying agent.
Privy Launches Global Fiat Onramps With Stripe in US, EU
Privy pairs Stripe's Crypto Onramp for the US and EU with its own aggregator covering more than 100 other countries, all funneling into a single wallet.
PayPal's PYUSD Goes Native on Polygon, Joins Open Money Stack
Paxos, the OCC-regulated issuer of PYUSD, said the stablecoin will now settle directly on Polygon rather than moving there as a bridged token.
Dinari, tZERO Partner on Tokenized US Stock Framework
Dinari, an issuer of tokenized U.S. equities, and tZERO Group, a blockchain-based financial infrastructure provider, said Wednesday they are partnering to build an operating framework that would let broker-dealers offer tokenized U.S. stocks.
Tether Invests $20M in Brazil's Mercado Bitcoin
Tether has invested $20 million in a strategic growth financing round for Mercado Bitcoin, Brazil's largest crypto exchange, the stablecoin issuer announced Tuesday. The deal backs Mercado Bitcoin's push into tokenization, payments, credit and capital markets across Latin America. Mercado Bitcoin,…
JPMorgan's JLTXX Tokenized Money Market Fund AUM Grows 250% in a Month on Ethereum
JPMorgan's JLTXX tokenized money market fund has grown its onchain assets under management by roughly 250% over the past month, according to data platform Token Terminal. The bank runs the fund exclusively on Ethereum. JLTXX, formally the OnChain Liquidity Token Money Market Fund, launched May 13…