JD Alois

Climate Disclosure Rules No More: SEC Ends Defense of ESG Focused Rules

During the Gensler administration, the Securities and Exchange Commission (SEC) took a hard turn towards social issues (ESG) and away from its mandate of efficient markets, capital formation, and investor protection. In fact, little or nothing was done to support facilitating capital for both private… Read More

Tokenized Bank Deposits: Custodia Bank and Vantage Bank Partner on Blockchain Powered Demand Deposits

Custodia Bank and Vantage Bank have revealed the “first ever” tokenization of dollar-based demand deposits. Custodia Bank is a digital asset bank based in Wyoming, taking advantage of the state’s special purpose depository institutions (SPDIs) law. Vantage Bank is a bank based in Texas that… Read More

British Business Bank Commits £100 Million Guarantee with Cynergy Bank

The British Business Bank has committed to an ENABLE Guarantee transaction of up to £100 million with Cynergy Bank PLC. The goal is to support its asset-based lending arm Cynergy Business Finance Limited expand its lending to UK small businesses. Cynergy offers invoice based lending… Read More

NewsMax Shares Poised to Move Higher After Successful IPO

NewsMax (NYSE:NMAX) shares are set to move higher today after rocketing to the stratosphere in the first day of trading. NewsMax recently raised $225 million in a Reg D offering sold to accredited investors. Following the Reg D round, NewsMax pursued a Reg A+ offering… Read More

Clear Junction CEO Comments on Capital Gain Tax Increase

After setting an increase in capital gains taxes designed to fill a budget hole, the UK government has adjusted its expectations for an increase in tax revenue, dropping the amount by a whopping £23 billion. Rates are changing, going from 10% to 18% for lower… Read More

Equity Stock Transfer Touts Participation in Successful NewsMax IPO

Equity Stock Transfer, LLC, has issued a statement on the NewsMax IPO, which saw its shares traded on the New York Stock Exchange (NYSE). NewsMax, a more conservative news service that has been rising in the ratings, recently issued shares to investors under Reg D… Read More

The Financial Technology Association Tells House Financial Services Committee Which Policies to Pursue, Seeks to Boost Access to Capital, Opportunity for Investors

The Financial Technology Association (FTA) has outlined its opinion as to what the House Financial Services Committee should pursue regarding ambitious portfolio off legislation that aims to improve access to capital while enabling access to opportunities for smaller investors. Recently, the Committee held a hearing… Read More

Crowdfund Investors Get a Win as NewsMax Rockets Higher as Shares Trade on NYSE

NewsMax (NYSE:NMAX), an early-stage media company that leans conservative, listed its shares on the  New York Stock Exchange today (NYSE). Shares initially were pegged to trade at $10 but quickly went hyperbolic, currently trading at over 530% higher, or around $65 a share. Share volume… Read More

France: Real Estate Crowdfunding Sites on Verge of Suffocating – Report

A report by Le Figaro claims that “real estate crowdfunding sites are on the verge of suffocation.” [translated] The commentary reflects on the decline in France of investment crowdfunding, more specifically in the real estate sector, which at one point led the growth of online… Read More

Republic Europe Promotes New Film Vertical

Republic Europe, part of Republic, is promoting its vertical targeting the film industry. Republic Europe is based and regulated in the UK, but a disclaimer on the platform clarifies that “Republic Film is a business in the United States and is not authorised or regulated… Read More

CrowdStreet Moves HQ from Texas to NYC

Online investment platform CrowdStreet is bucking a bit of a trend and moving its headquarters from Austin Texas to New York City. In recent years, there have been many reports about companies exiting high-tax states like California and relocating to low-tax states like Florida and… Read More

Lloyds Banking Group, Cambridge Spark Join to Boost AI Capabilities

Lloyds Banking Group has partnered with Cambridge Spark to improve its AI capabilities across its senior management teams. Founded in 2016 by Dr. Raoul-Gabriel Urma, Cambridge Spark is a digital skills education provider. In a company statement, Lloyds said its “Leading with AI” program will… Read More

Kraken No Longer the Target of SEC Enforcement Action

The Securities and Exchange Commission has continued its retreat from regulation by enforcement regarding digital asset firms by ceasing its enforcement action against crypto exchange Kraken. Also known as Payward and Payward Ventures, the Commission said the case was dismissed with prejudice, which means permanently…. Read More

Private Equity Declined 2% 2023 But Showed Some Traction in 2024: Report

Private equity (PE) caught some traction in 2024 as investments and exits finally reversed their two-years of declines. Like most capital, the challenging economic environment impacted capital markets in the past few years. Yet according to a recent report by Bain, things could turn around… Read More

Zilch Declared Fastest Growing Fintech in UK

Zilch is highlighting that the Financial Times has declared it the fastest-growing Unicorn in the UK. According to the company, Zilch is a payments Fintech that has experienced 300% compound annual growth over the last three years. Earlier this year, Zilch was recognized by the… Read More

Globacap CEO Comments on PISCES Stamp Duty Exemption

The Spring Statement, delivered by the Chancellor of the Exchequer, Rachel Reeves, provided much policy to ponder. Buried within the documents were references to PISCES, or the Private Intermittent Securities and Capital Exchange System—a private securities marketplace. While still in the works, PISCES aims to provide a… Read More

The STABLE Act is Officially Introduced as House Aims to Create Regulated Environment for Stablecoin Issuance

While a draft version of the Stable Act has been in circulation for some time now, the House Financial Services Committee has officially introduced the legislation, which aims to enable a regulated environment for the issuance of stablecoins. While many global jurisdictions are pursuing CBDCs… Read More

American Fintech Council Comments on Veto of Bill in Virginia that Caps Interest Rates

The American Fintech Council (AFC) has issued a statement addressing Virginia Governor Glenn Youngkin’s veto of SB 1252. The legislation sought to cap interest rates on certain credit options. SB 1252 stated that except as otherwise permitted by law, no contract shall be made for… Read More

Bitso Launches Subsidiary to Support Digital Asset Issuance: Juno

Bitso Business, a part of Bitso that aims to provide infrastructure for other digital asset firms, says it has launched a new subsidiary called Juno. Juno aims to support the issuance and management of digital assets. Bitso did not clarify if these digital assets included… Read More

Puerto Rico: FV Bank Adds Swift to Platform

FV Bank says it has added SWIFT to its platform. The code is ITTLPRS2XXX. FV Bank is based in Puerto Rico and licensed to operate in the US. The bank provides a wide range of traditional banking services while supporting the digital asset ecosystem. By… Read More

Send this to a friend