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

S&P Global Leads Kaiko Funding Extension to $110 Million
The crypto data provider says the capital will expand infrastructure for 24/7 tokenized markets, four years after its $53 million Series B.

MoneyGram's Stablecoin Visa Card Goes Live In Colombia
The virtual card spends the dollar balance inside the MoneyGram app and works anywhere Visa is accepted. MoneyGram promised the card a year ago and has not said which stablecoin now backs it.
Free newsletters
Converge
Tokenization, stablecoins, and the institutions bringing finance onchain.
Weekly. Free. Unsubscribe anytime.
Recent articles

S&P Global Leads Kaiko Funding Extension to $110 Million
The crypto data provider says the capital will expand infrastructure for 24/7 tokenized markets, four years after its $53 million Series B.

MoneyGram's Stablecoin Visa Card Goes Live In Colombia
The virtual card spends the dollar balance inside the MoneyGram app and works anywhere Visa is accepted. MoneyGram promised the card a year ago and has not said which stablecoin now backs it.

Tenev Says Robinhood Stock Tokens Should Not Automatically Require Issuer Consent
The Robinhood CEO acknowledged that token holders lack voting rights, reflecting a structure that provides economic exposure through Jersey-issued debt securities rather than share ownership.

Block Seeks OCC Charter for Uninsured Bitcoin and Stablecoin Custody Bank
Builders Bank would operate under direct federal supervision without taking deposits or making loans, but the application still requires OCC approval.

Circle to Acquire Tazapay in $400 Million All-Stock Payments Deal
The Singapore-based target would add more than 60 banking and fintech partners and local payout rails across over 100 markets to Circle’s network.
Tokenized Stocks Traded $1 Billion While The Stock Market Was Shut
The 42 largest tokenized equities turned over $1.01 billion on Saturday and Sunday, roughly matching Friday's session, and another $398.3 million on Labor Day. Robinhood Chain handled $572.8 million of the weekend total. One tokenized Nasdaq-100 fund on BNB Chain did $180.5 million on its own.

DBS and Citi Complete Weekend Dollar Payment on Swift Ledger
The Singapore-US transfer took minutes, but Swift says final settlement still occurs through existing banking systems.
The AMC Fight Turned Into An Industry Argument Over Which Tokenized Stock Model Wins
Uniswap founder Hayden Adams compared Robinhood's and Ondo's stock tokens to early stablecoins on Friday, hours after Dinari co-founder Gabriel Otte called the same instruments "indisputably worse for the end investors than even common stocks." Three models are competing for $2.91 billion of tokenized equities, and the SEC has already sorted them into separate legal boxes.
AMC's CEO Told Robinhood To Halt Its Stock Token. Robinhood Told Him To Send Lawyers
Adam Aron called on Robinhood to "CEASE AND DECIST" trading of AMC stock tokens and said the company's securities counsel is looking at whether it can force a halt. Chief Legal Officer Dan Gallagher answered "Send your lawyers and we'll educate them." The token's onchain supply grew from 157,844 to 1.5 million in the 18 hours between the two posts, and at least 23 memecoins whose names spell AMC launched against it.

Coinbase Files SEC Notices in Bid to Bring Single-Stock Perpetuals to US
The proposal would expand Coinbase’s U.S. equity-derivatives lineup beyond thematic stock indexes, while CFTC product approval remains the company’s stated next step.