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
Stripe’s Reported $7 Billion OpenRouter Deal Buys Micropayments Without a Blockchain
OpenRouter meters AI usage against prepaid deposits and charges 5% on crypto top-ups against 5.5% on card purchases made through Stripe. Stripe co-incubated Tempo to settle machine payments onchain; the chain is running at about one transaction per second.
Tempo Launches Embedded Yield Product for Platforms, Starting With Deel
Tempo Earn routes rewards through Morpho vaults and tokenized money market funds, placing the payment outside the stablecoin issuer that US law bars from paying interest. Deel's contractor wallet is the first named deployment, at a promotional target rate of up to 4% APY.
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HSBC and Standard Chartered Complete First Live Transaction on Swift Blockchain Ledger
Swift’s ledger matched and netted obligations recorded on the banks’ separate platforms, but final settlement still ran through existing systems.
Tenev Pushes for Tokenized Stocks in America
The Robinhood CEO published a case for US equity tokenization five days after the SEC shelved its innovation exemption for a second time.
Deel Takes Its DLUSD Stablecoin Wallet to More Than 80 Countries
The payroll platform's dollar balance, issued through Stripe's Bridge and settled on Tempo, is now live across Latin America, Africa, the Middle East and Asia-Pacific. The US, UK, EU and Australia remain excluded.
Stripe’s Reported $7 Billion OpenRouter Deal Buys Micropayments Without a Blockchain
OpenRouter meters AI usage against prepaid deposits and charges 5% on crypto top-ups against 5.5% on card purchases made through Stripe. Stripe co-incubated Tempo to settle machine payments onchain; the chain is running at about one transaction per second.
Tempo Launches Embedded Yield Product for Platforms, Starting With Deel
Tempo Earn routes rewards through Morpho vaults and tokenized money market funds, placing the payment outside the stablecoin issuer that US law bars from paying interest. Deel's contractor wallet is the first named deployment, at a promotional target rate of up to 4% APY.
Securitize’s Tokenized Assets Hit $4.3 Billion as Revenue Falls
Tokenization revenue dropped 12% and operating costs jumped 56%, showing that higher onchain assets have yet to produce steadier earnings.
SEC Staff Clears Franklin Funds to Use Onchain Money Fund for Cash and Collateral
The relief lets Franklin Templeton’s registered funds hold FOBXX through an affiliated blockchain-integrated system, subject to 12 custody and control conditions.
Barça Mobile Plans Stellar Wallet With Wirex and Crossmint
Wirex will provide payment and card infrastructure, Crossmint will handle wallet onboarding, and Stellar will supply the blockchain layer for the planned feature.
Riot Signs $9.1B, 20-Year AI Data Center Lease at Its Texas Bitcoin Mine
The 20-year lease is projected to average $457 million a year, while Riot's fully costed bitcoin mining ran at 126.5% of the value of the coins it produced last quarter.
Stablecoin Card Issuer Rain Buys Merchant Wallet Startup Ansa
Ansa builds branded prepaid wallets that hold dollar balances for merchants, with no stablecoin leg. Founder Sophia Goldberg joins Rain as head of payments, and terms were not disclosed.