May 21, 2025 @ 4:22 pm By Omar Faridi  |  

The Texas House of Representatives has passed Senate Bill 21 (SB 21), known as the Texas Strategic Bitcoin Reserve and Investment Act, during its second reading on May 21, 2025. The bill, which garnered strong bipartisan support with a 105-23 vote, moves Texas closer to… Read More

May 21, 2025 @ 4:21 pm By Omar Faridi  |  

CME Group, the world’s derivatives marketplace, announced its new XRP futures are now available for trading. The first trade, a block, took place “on Sunday, May 18,” and was cleared by Hidden Road. Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group said: “We… Read More

May 21, 2025 @ 2:00 pm By Omar Faridi  |  

  Now that we’re into the T+1 settlement transition, the industry has gained enough experience to share meaningful observations about what this change has meant for market participants. Rich Robinson, chairman of ISITC, a securities industry standards group,  has been closely engaged with member firms… Read More

May 21, 2025 @ 1:00 pm By Omar Faridi  |  

Brex and Zip, a “procurement orchestration platform,” have announced Brex for Zip – a solution that integrates Brex’s global card capabilities directly into Zip’s procurement workflows. This partnership delivers end-to-end spend orchestration that “eliminates the traditional disconnect between procurement requests and payment execution.” This enables enterprises… Read More

May 21, 2025 @ 12:57 pm By Omar Faridi  |  

Through an expansion of their partnership, Accenture (NYSE: ACN) and SAP SE (NYSE: SAP) have launched ADVANCE. The two companies have worked together to create a pathway to the cloud for organizations pursuing growth with “annual revenue of up to $5 billion to help create… Read More

May 21, 2025 @ 12:20 pm By Omar Faridi  |  

Arkestro, the Predictive Procurement Platform accelerating enterprise spend transformation, announced a strategic investment totaling $36M. The investment was led by Altira Group and Aramco Ventures, “with participation from existing investors NEA, KDT, and Activant.” The investment will accelerate Arkestro’s innovation in AI-powered procurement technology, advancing… Read More

May 21, 2025 @ 11:59 am By Omar Faridi  |  

StraitsX, Southeast Asia’s digital payment infrastructure provider, announced the launch of its Singapore dollar-backed stablecoin, XSGD, on the XRP Ledger (XRPL), a “decentralized” layer-1 blockchain. The deployment marks the first phase of a broader collaboration with Ripple, a contributor to the XRP Ledger and a… Read More

May 21, 2025 @ 10:05 am By Omar Faridi  |  

The Securities and Exchange Commission (SEC) charged New York City-based Unicoin, Inc. and three of its top executives—CEO and Board Chairman Alex Konanykhin; Silvina Moschini, former president, former board chairwoman, and current board member; and former Chief Investment Officer Alex Dominguez—for “false and misleading statements… Read More

May 21, 2025 @ 7:56 am By Omar Faridi  |  

Temenos (SIX: TEMN) announced that Raiffeisen Bank dd Bosnia-Herzegovina, a member of Austrian-based Raiffeisen Bank, has successfully gone live with Temenos Core for retail banking. The core modernization marks a key milestone, “enabling Raiffeisen Bank dd Bosnia-Herzegovina to enhance customer experience and drive greater efficiency.”… Read More

May 21, 2025 @ 6:55 am By Omar Faridi  |  

Addepar, the technology and data platform for wealth, investment, and asset management, announced the acquisition of Arcus, an innovator in enterprise AI workflows. This move accelerates Addepar’s technology roadmap to “embed sophisticated artificial intelligence (AI) and machine learning (ML) across its platform, supported by the… Read More

May 21, 2025 @ 5:11 am By Omar Faridi  |  

Apex Group, a global financial services provider, has announced the acquisition of a majority stake in Luxembourg-based Tokeny, an enterprise-grade tokenization solutions provider. The transaction, which will see Apex Group have “100% control over the next three years, follows the initial investment and strategic partnership… Read More

May 21, 2025 @ 2:42 am By Omar Faridi  |  

Binance Pay is now integrated with Pix, the instant payment system developed by Brazil’s Central Bank and used by millions every day. This means users in Brazil can make real-time payments in Brazilian reais using crypto, “converting their digital assets into local currency through a… Read More

May 20, 2025 @ 11:13 pm By Omar Faridi  |  

The Canadian Securities Exchange announced that it has entered into an agreement with NSX Limited (ASX:NSX), parent company of the National Stock Exchange of Australia, to acquire, pursuant to “a Scheme of Arrangement, NSX for all-cash consideration of AUD$0.035 per fully paid ordinary share.” The… Read More

May 20, 2025 @ 11:12 pm By Omar Faridi  |  

The Genesis Litigation Oversight Committee, which represents the interests of creditors, filed two major lawsuits (on behalf of Genesis debtors and their bankruptcy estates) against its parent company, Digital Currency Group (DCG), its CEO Barry Silbert, and a network of so-called insiders. The legal actions,… Read More

May 20, 2025 @ 2:17 pm By Omar Faridi  |  

RULEMATCH, the interbank spot crypto trading venue designed exclusively for financial institutions, announced its integration with Talos, the provider of institutional trading technology and connectivity for digital assets. Through this integration, shared clients can “access the guaranteed liquidity available from designated market makers on RULEMATCH… Read More

May 20, 2025 @ 2:15 pm By Omar Faridi  |  

The cryptocurrency boom has minted a new class of ultra-wealthy investors and executives, but their digital fortunes are increasingly attracting dangerous attention. As bitcoin and other cryptocurrencies surge in value, criminals are increasingly targeting crypto elites with violent tactics, prompting a surge in demand for… Read More

May 20, 2025 @ 12:44 pm By Omar Faridi  |  

U.S. Bank Global Fund Services (GFS) announced it has engaged Fenergo, a firm focused on client lifecycle management technology, to digitize and streamline the investor onboarding and service experience. According to the update from Regtech firm Fenergo, this is said to be the first step… Read More

May 20, 2025 @ 9:43 am By Omar Faridi  |  

Veratad Technologies, a global enabler of identity verification, age verification, fraud prevention, and compliance solutions, is pleased to announce the completion of its SOC 2 Type 2 examination. This milestone reinforces Veratad’s dedication “to earning and maintaining the trust of its global clients through rigorous… Read More

May 20, 2025 @ 9:14 am By Omar Faridi  |  

Klarna, the AI-powered global payments and commerce network, announced its Q1 2025 results, unveiling consumer milestones, surging market traction, and exceptional returns from its AI strategy. Klarna is a Fintech that is widely expected to list its shares in an initial public offering (IPO) later… Read More

May 20, 2025 @ 8:42 am By Omar Faridi  |  

Droit, a technology firm at the forefront of computational law and regulation, now supports LSEG’s Global Shareholding Disclosure Data in its Position Reporting product. The data, paired with Droit’s rules logic, enables financial institutions to efficiently “automate their regulatory reporting of shareholder disclosures in one… Read More