Fireblocks Joins Stablecoin Payment Race
Hey FinTech Fanatic!
Fireblocks just launched the Fireblocks Network for Payments to support stablecoin transactions in over +100 countries.
This enables FinTechs and PSPs to handle payouts, remittances, merchant settlements, and cross-border treasuries with stablecoins. It also connects local rails, blockchains, issuers, and liquidity providers across 60 currencies.
"Fireblocks is the backbone of stablecoin payments," said Michael Shaulov, CEO & Co-Founder. "The Fireblocks Network for Payments gives institutions the ability to move value securely across every provider, blockchain, or fiat rail."
Keep reading for the full story and your daily FinTech dose 👇
See you on Monday!
Cheers,
FINTECH NEWS
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FINTECH RUNNING CLUB
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PAYMENTS NEWS
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🇸🇬 Ant International’s Antom launches agentic payment solution. Antom EasySafePay allows users to link their digital wallets directly to the checkout page without being redirected to external apps. The solution supports embedded payment flows through dialogue-based interactions with AI agents.
DIGITAL BANKING NEWS
🇩🇪 JPMorgan to launch German consumer bank next year in growth push. The digital bank, called Chase, is scheduled to be launched in the second quarter of next year, JPMorgan said in a release. As part of the plan, Chase will open its headquarters in Germany’s capital, Berlin, by the end of the current year.
🇬🇧 nCino launches ProBanker by FullCircl, a new solution to help UK lenders identify opportunities and manage risk across their business portfolios. ProBanker uniquely delivers near real-time visibility into commercial credit status, affordability, and liquidity across a broad spectrum of the UK lending landscape.
BLOCKCHAIN/CRYPTO NEWS
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🇺🇸 Ondo launches 100+ tokenized U.S. stocks on Ethereum with BNBChain and Solana support. Users can mint and redeem tokenized assets 24 hours a day, five days weekly, with access to traditional exchange liquidity backing. The platform enables peer-to-peer transfers of tokenized equities across wallets, exchanges, and protocols around the clock.
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PARTNERSHIPS
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🇺🇸 State Street partners with Apex FinTech. State Street will leverage Apex’s digital custody and clearing platform to expand State Street’s wealth services offerings to the global wealth management industry. Continue reading
🇺🇸 Chase taps Nova Credit to enhance underwriting capabilities. Through the partnership, which the vendor states "creates a more comprehensive view of the consumer" by capturing customers' actual financial health through trended data on income, expenses, and assets.
DONEDEAL FUNDING NEWS
🇺🇸 Utila secures $22 million series A extension amid surging demand for stablecoin infrastructure. The extension funding will accelerate Utila’s global expansion and product development as the company scales to meet surging demand for digital asset infrastructure.
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🇺🇸 Deposit management FinTech ModernFi raises $30M Series B. The funding will be used to "accelerate adoption across financial institutions, expand its team, and deepen integrations with digital banking and core providers", ModernFi says. Continue reading
M&A
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MOVERS AND SHAKERS
🇵🇪 Credicorp's FinTech Culqi appoints Spencer Friedman as its new CEO. With this appointment, Culqi reinforces its commitment to growth and innovation in the digital payments ecosystem, seeking to consolidate its position as one of the leading FinTech companies in the Peruvian market.
🇨🇭 Swift strengthens global product leadership with executive hire. He will lead Swift’s product group, delivering enhanced services that Swift’s community can use to provide an instant and frictionless experience through new data and technology solutions and emerging digital assets.
🇫🇷 Execs reshuffled at Orange MEA after FinTech boss exits. Departure of Orange Money Group Chief Aminata Kane prompts a change at the top of fast-growing regional FinTech business and operator’s Tunisian outpost. Keep reading
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