UK Private Markets Firm Globacap Comments on Rise of Asset Class, Secondaries and Fintech Boost

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  Globacap has shared some perspectives on private markets in 2025 and expectations for the upcoming year. Based in the UK, Globacap, a partner of tokenization enabler Tokeny, is on a mission to enable the future of private securities by leveraging Fintech. The company believes the current… Read More

 

 




European Neobank Qonto Says Digital Banking Now Surpasses Traditional Banks in Adoption Rates.

Qonto, a European neobank based in Paris, has distributed a report that claims digital banking options now top traditional banks in regard to adoption rates. Launched in 2017 and focusing on SMEs, Qonto reports over 500,000 firms using its platform. Qonto is the commercial name… Read More

Amazon Invests $1.49bn in Singapore Operations, Supports Over 10,000 Jobs

US e-commerce giant Amazon (NASDAQ:AMZN)announced that it has invested more than S$2 billion ($1.49 billion) across its retail and cloud businesses in Singapore in 2023, bolstering its presence in the Southeast Asian market and supporting over 10,000 indirect jobs. The investment encompasses capital expenditure on… Read More

Millennials Primed to Lead Holiday Spending as Most Expect their Income Will Increase – Report

Millennials are primed to lead holiday spending as nearly two in three now expect their income will increase in the coming ear. TransUnion’s Q4 2024 Consumer Pulse research study reveals that consumers still most interested in doing their holiday shopping “between Thanksgiving and Cyber Monday.”… Read More

Tokenized Securities: 21X and Chainlink Prepare for Launch of EU-Regulated Trading and Settlement System

21X, which will reportedly launch the EU-regulated financial market infrastructure (FMI) in order to provide order matching, trading, settlement and registry services for tokenized money and securities, announced that it has signed a partnership with Chainlink, which claims to be the standard for onchain finance…. Read More

UK’s £1.3 Trillion Mid-Market Can be Engine of Growth for Economy – NatWest Report

A report released by the UK’s business bank NatWest, in partnership with Oliver Wyman and supported by the Business Secretary, Jonathan Reynolds MP, has identified that the United Kingdom’s mid-market businesses are like the “unsung engine” of the nation’s economy. More than 13,000 of these… Read More

Taiwan Announces Update on AML Registration for Cryptocurrency Platforms

Taiwan’s Financial Supervisory Commission (FSC) has recently announced a considerable acceleration of its anti-money laundering (AML) regulatory guidelines for digital currency service providers. The Taiwanese authority has confirmed that it moved the registration deadline to November 30, 2024 from the initial January 1, 2025 date…. Read More

BNPL Fintech Affirm Teams Up with JD Sports to Offer Flexible Payments Options

JD Sports, the retailer of sports, fashion, and outdoor brands, has partnered with Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, to offer a flexible way to pay. This partnership brings Affirm’s pay-over-time options to shoppers purchasing brands such… Read More

World ID Credentials Piloted in Chile, Colombia, Malaysia, South Korea

World ID Credentials are now reportedly being piloted in select countries including Chile, Colombia, Malaysia and South Korea. This secure and “anonymous” World ID feature increases global access to World Network and paves the way for “increased World ID utility.” It also enables consumers to… Read More

Abu Dhabi’s ADGM Reports Strong Demand for Asset Management Firms, Fintech Platforms, Professional Services

ADGM, the international financial centre (IFC) of Abu Dhabi, announced another quarter of steady growth, with a number of key achievements for the third quarter (Q3) of 2024 across various metrics. The results are said to underscore ADGM’s role in Abu Dhabi’s strategic goal to… Read More

Monochrome Expands Digital Assets Custody Solutions with Addition of BitGo for IBTC, IETH

Monochrome Asset Management is pleased to announce that it has expanded its custody solution by onboarding BitGo Trust Company, Inc to its list of crypto-asset custodians for the Monochrome Bitcoin ETF (IBTC) and Monochrome Ethereum ETF (IETH). This partnership reportedly aligns with Monochrome’s growth initiatives… Read More




Hong Kong Reportedly Plans to Offer Crypto Tax Exemption for Hedge Funds, Local Family Offices

Hong Kong is reportedly planning to waive taxes on investment gains made from cryptocurrencies as well as other alternative assets for hedge funds, private equity funds and various family offices as the city-state aims to improve its attractiveness as a wealth management center. In a… Read More

Real Estate Report: More Active US Property Market Expected in 2025

Mortgage rates are again in the spotlight as 2025 approaches, according to an update from real estate focused firm Zillow (Nasdaq: Z and ZG). Zillow predicts a more active real estate / property market and more buyers gaining the upper hand in 2025, but those… Read More

Consumer Spending Report: Digital Commerce Transactions Grew Nearly 15% Compared to 2023’s Black Friday

Consumers valued various special deals this Black Friday, as digital commerce revenue grew +14.6% compared to 2023, according to an update from Mastercard (NYSE: MA). As noted in the preliminary insights from Mastercard SpendingPulse, U.S. retail sales excluding automotive were “up +3.4% on Black Friday,… Read More

Revolut Co-Founder, With an Estimated Worth Over $1 Billion, Worries that Affluent UK Talent to Flee Country as Tax Changes Loom

The UK is expected to make some major tax changes in the coming year to ostensibly fill the budget “black hole.” The new Labour government has messaged its intent to levy a higher tax on capital gains and remove the so-called “non-dom” status, which allows citizens… Read More

deVere CEO Calls for UK Strategic Bitcoin Reserve

With Bitcoin soaring to nearly $100,000 and gaining unprecedented recognition on the global stage, the time has come for the UK to embrace the idea of a strategic Bitcoin reserve, deVere Group CEO Nigel Green said this week. There has been chatter in the US… Read More

European Asset Manager Arrow Global Selects SEI as Growth Partner

SEI (NASDAQ:SEIC) announced that Arrow Global Group Limited, a European alternative asset manager specializing in private credit and real estate, selected SEI to support its fund administration, loan operations, and investor services for its private credit fund domiciled in Luxembourg. Reportedly ranked seven out of… Read More

Regtech ComplyAdvantage Predicts Public-Private Partnerships Will Leap Forward in 2025 if Compliance Teams Get Their Way

Regtech ComplyAdvantage has shared 2025 predictions from professionals working at the Regtech company, which specializes in financial crime intelligence. As mentioned in the update from Regtech company ComplyAdvantage, the predictions span the future of sanctions during a Trump presidency, as well as corporate transparency/beneficial ownership… Read More

Revolut Secondary Shares Sale to Go Forward

Equity holders of leading digital bank Revolut may soon have the opportunity to sell some of their shares. According to Bloomberg, former employees who have held shares for more than 2 years and have over $100,000 in value may be able to sell up to… Read More

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