Kraken to Allow Digital Asset Investors to Enhance Crypto Portfolios with Recurring Buys

Wise (LSE:WISE), a global transfers and payment platform that is also an emerging neobank, says that in Q3 FY 2023 its 5.8 million customers moved 28% volume or £26.4 billion, in comparison to the same quarter year prior. Wise said that for its third consecutive quarter, more than 50%...

Hamilton Lane (NASDAQ: HLNE), one of the largest private markets investment firms in the world, has listed its Equity Opportunities Fund V, on the digital securities platform Securitize. Going forward, Securitize and Hamilton Lane plan to launch two additional feeder funds in the coming months. The digital fund is tokenized...

Yesterday, the UK government announced that it would assist the crypto industry by providing robust regulation of the emerging innovation. As industry insiders acutely understand, without clearly defined rules, risk increases, generating hesitancy and undermining acceptance of the technology. While policymakers in the US have yet to pursue a similar...

Finnish Fintech company Membrane Finance has launched EUROe – Europe’s “first” and “only” EU-regulated full-reserve stablecoin and payment network. EUROe transforms “a fiat Euro into a 1:1 pegged digital currency transactable on Ethereum, with planned support for an increasing number of blockchains.” One EUROe is always one Euro. For each EUROe issued, “at least one fiat Euro exists in a European financial institution or bank, ring-fenced from Membrane Finance.”

A report published by Mobey Forum’s Digital Identity Expert Group has identified unique opportunities for banks “to leverage their position as custodians of personal data to offer value-added digital identity services and become brokers of trust in the digital economy.”. The report suggests “that for digital identity systems...

Mizuho Bank, Ltd., the integrated retail and corporate banking unit of Mizuho Financial Group and one of Japan’s largest financial services institutions, is “modernizing its legacy banking system for international operations with Oracle.”. Over the coming years, Mizuho will “implement Oracle’s banking solutions to support critical functions, including...

Both private and public markets slowed dramatically during 2022. While the year started off relatively positive, the realities of persistent (and not transitory) inflation hit everyone hard. This, combined with geopolitical challenges such as Russia’s unprovoked war with Ukraine and China’s chest pounding, pushed investors to go risk off. As the US Federal Reserve drove rates higher, people moved their money to more mundane products. Private markets raising capital under various exemptions dropped.

Treasury Prime, an embedded banking software platform, announced it raised $40 million in Series C funding. The investment round was “led by BAM Elevate with investment from The Banc Funds Company and Invicta as well as continued participation from Series B investors Deciens, QED and SaaStr.”. With this latest...

ShareRing users and developers will be able to test out the alpha release of ShareRing Vault Query Language (VQL), a web-based platform with a query tool “for retrieving a user’s profile data from [their] ShareRing Vault.”. VQL will benefit Web3 users who are looking “for a self-service, zero-trust...

Blockchain Intelligence Group, a key player focused on blockchain investigations and training, owned by BIGG Digital Assets, Inc. (CSE: BIGG), announces that it has achieved significant company and industry milestones “in global crypto investigations.”. It added new customers, “including enabler of real-time clearing and Embedded Banking for financial institutions...

TZERO, a financial technology company providing transformative market-based solutions for companies, entrepreneurs, and retail & institutional investors, announced the launch of Aurox’s crowdfunding campaign on the tZERO Markets platform. Aurox, a cryptocurrency DeFi-focused software development company, is “seeking to raise capital from the public to continue product development and...

Commonwealth Bank is rolling out new features for its widely used banking apps “aimed at combating the plague of scammers ripping off Australians.”. From late March, the app will “indicate whether the name and account details customers have entered are correct when they make payments using a BSB and account number.”

Digital banking provider Bankjoy announced the launch of Online Account Opening 2.0, which “enables financial institutions to quickly and seamlessly onboard new members and clients, enhancing the first digital experience while driving deposit growth.”. With Bankjoy’s new, standalone Online Account Opening platform, financial institutions can enroll new clients and...

The European Investment Bank (EIB) priced its first ever £50 million digital bond using a combination of private and public blockchains operated and accessed via HSBC Orion – the bank’s tokenization platform. It follows the recently adopted Luxembourg legal framework tailored “to allow for the issuance, transfer,...

One of the first regulated digital banks in Hong Kong, has announced the appointment of Ronald Iu as Chief Executive Officer and Executive Director. According to the bank, Iu joined ZA International, the parent company of ZA Bank, as Chief Strategy Officer in February 2022, and later became Chief Risk Officer of ZA Bank. He has over two decades of experience in banking and finance, ranging from risk management, sales, and marketing to developing innovative Fintech products.

Binance, which claims to be the world’s leading cryptocurrency and blockchain infrastructure provider, announced the signing of an MoU with The Georgian Agency for Innovation and Technology (GITA). Under the agreement, both parties “expressed mutual interest in the delivery and implementation of large-scale educational and community initiatives in the...

P97 Networks, a connected commerce, mobile payments, and mobility services provider, announced that it is teaming up with Visa to deploy its token technology. This collaboration will “help reduce friction with in-car payments, enable EV charging payments across public networks, and further accelerate mobile payment innovation and acceptance.”. The...

Livi bank, Hong Kong’s “lifestyle-driven” virtual bank, is continuing its development with the pilot launch of its wealth management service, which “follows closely on livi’s launch of its first offering to Hong Kong’s SME business community.”. livi is now able “to distribute funds managed...

S&P Global Market Intelligence is out with a research note that is predicting a “wave” of mergers and acquisitions in the Fintech sector as the economy slows. The firm states that an unforgiving stock market and declining cash reserves will compel US Fintechs to consolidate in 2023, adding that some Fintechs will survive, but others will not. Some may take a significant valuation haircut and sell to competitors or investors.

Monzo, a top digital bank serving the UK and the US, has surpassed seven million customers, according to an investor update posted on the Monzo community forum. The post indicates that Monzo has been growing by 150,000 new account sign-ups each month, with 350,000 customers signing up for either the Monzo Plus or Monzo Premium tiers. Approximately 200,000 business customers now utilize the digital bank.