Tagged: new york

DeFi Report from ConsenSys: 2.91M Unique Ethereum Addresses Using Decentralized Finance Protocols in Q2 2021, a 65% Growth from Q1

The team at Brooklyn, New York based ConsenSys, a leading Ethereum (ETH) development studio, has published its latest report on the Current State of DeFi. The report from ConsenSys provides a detailed analysis of Ethereum’s decentralized finance ecosystem and its ongoing growth during Q2 2021…. Read More

Fintech Platform LendingPoint Completes Largest-Ever Securitization

LendingPoint, a financial tech platform, recently revealed that it had completed its largest securitization to date: LendingPoint 2021-A Asset Securitization Trust (“LDPT 2021-A”), which was “$542,360,000 in size, rated by KBRA, and backed by a pool of unsecured, direct-to-consumer loans.” As mentioned in a release,… Read More

DeFi and Blockchain-focused ETF Filed by Goldman Sachs, Will Support Digitization of Finance

Giant Wall Street investment bank Goldman Sachs (NYSE:GS) has reportedly submitted an application with the US Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) that could provide exposure decentralized finance (DeFi) and blockchain initiatives to public firms. Although there are not too many… Read More

Manu Smadja: CEO at MPOWER Financing, a Fintech Firm Facilitating Educational Loans, Shares Business Strategy

MPOWER Financing, a global education loan provider, recently secured an equity investment of $100 million. The new funding is in addition to the $60 million MPOWER raised earlier this year from Tilden Park Capital Management that also participated in the current round along with ETS… Read More

AI enhanced Data Extraction Solution Provider Daloopa Secures $20M via Series A from Credit Suisse, Others

Credit Suisse (SWX: CSGN) has reportedly led a $20 million Series A round in Daloopa, a provider of artificial intelligence enhanced data extraction solutions to hedge fund managers, investment banks, and various other financial institutions. Based in New York, Daloopa’s tech has been designed to… Read More

Tokenized Real Estate Market Exceeds $32.7M, Security Token Market Approaching $750M: Report

The team at the Security Token Group (STG), which is focused on supporting the fast-evolving blockchain or DLT-based security tokens space, has released their June 2021’s edition of the Security Token Market Real Estate report. The STG states as you may notice, a new structure… Read More

Digital Assets Focused Tech Firm Bullish to Go Public on New York Stock Exchange via SPAC Merger

Bullish, a tech firm focused on creating financial services for the digital assets sector, recently revealed its plans to go public on the New York Stock Exchange (NYSE) via a merger with Far Peak Acquisition Corporation (NYSE: FPAC), a special purpose acquisition company or SPAC…. Read More

Swiss Innovation Agency Innosuisse to Help Startups with Expanding Businesses to Japan, South Korea

Startups currently being supported by the Swiss Innovation agency Innosuisse will soon have the option to visit Japan or South Korea in order to expand their businesses globally. These initiatives will be supported and facilitated by setting up two new camps this year to address… Read More

BaaS Fintech Unit Acquires $51M in Capital via Series B from Accel, Better Tomorrow Ventures, Others

After acquiring $51 million in capital through a Series B round led by Accel, Banking-as-a-Service (BaaS) provider Unit has introduced a product that will allow firms to offer live bank accounts and issue payment cards within minutes. Better Tomorrow Ventures, Aleph, Flourish Ventures, and TLV… Read More

Fintech Challenger Current Says it’s Not a Bank, It’s Better with Increased Focus on Customer Experience

The topic of banks vs. Fintech firms has been “another hot one as of late,” the team at Fintech Current notes in an update while adding that with court rulings, the questioning of banking execs on Capitol Hill has been ongoing. And, if you have… Read More

New York based Earned Wage Fintech Clair Secures $15M to Help Gig Economy Workers

New York-based Clair, an earned wage firm for gig economy workers and technology contractors, has finalized a $15 million Series A round that was led by Thrive Capital. Clair’s latest investment round brings the Fintech firm’s total funding to $19.5 million. The company’s seed round… Read More

Unchained Capital Finalizes $25M Series A Round led by Bitcoin Tech and Financial Services Provider NYDIG

Unchained Capital, Inc. recently revealed that it has completed the initial closing of a $25 million Series A round that was led by institutional Bitcoin tech and financial services provider, NYDIG and parent firm Stone Ridge Holdings Group. In addition to participating in the equity… Read More

Fintech Platform SIMON Markets Introduces Cryptocurrency Education Program for Wealth Managers

SIMON Markets LLC revealed on Monday (May 24, 2021) that they’ll be integrating cryptocurrency education into their Fintech platform for wealth management professionals, delivering on what companies and their financial professionals have been requesting, amidst a rapidly growing digital assets market. As mentioned in the… Read More

Tokenized Real Estate Market Remains Steady at $25.5 Million, As Security Token Space Continues to Grow in 2021: Report

The team at Security Token Market (STM), which offers the latest insights on the global security tokens space, has published the April 2021 edition of the Security Token Market Real Estate report. Security Token Market (stomarket.com) hosts live-trading data from 33 major security tokens across… Read More

USDT Stablecoin Market Cap of $51B+ Now Exceeds Insured Deposits at Most US Banks, Quarterly Report of Tether Reserves Expected Soon

Tether (USDT), the world’s largest stablecoin (or digital asset that’s supposed to be backed 1-to-1 with major fiat currencies like USD and cash equivalents) now claims a market cap of over $51.7 billion at the time of writing (according to available data). Notably, Tether (USDT)… Read More

Real Estate Investment Platform Fundrise Reports Investing Over $110M into 846 Rental Units during Q1 2021

Fundrise, a real estate investment platform using Reg A+ to provide access to “eREITs and eFunds,” notes that their annual letter to investors (released in January 2021) had revealed that they rang in 2021 with an updated version of their proprietary fund infrastructure, “enabling the… Read More

OCC Announces Prelimimary Conditional Approval of the Application to Charter Paxos National Trust, New York

The Office of the Comptroller of the Currency (OCC), an independent bureau within the US Department of the Treasury that serves to charter, regulate, and supervise all national banks and thrift institutions and the federally licensed branches and agencies of foreign banks in the United… Read More

The TIFIN Group, a Fintech Platform for Wealth Management, Finalizes $22.3M Round from JPMorgan, Morningstar, Broadridge

The TIFIN GROUP, a Fintech platform with 10 active operating firms for the asset and wealth management sector, revealed on Tuesday (April 20, 2021) that it finalized a $22.3 million Series B round. The Group also announced the addition of three strategic investors to its… Read More

10 High-Potential Fintech Firms Chosen for 11th Annual Fintech Innovation Lab New York

Ten high-potential technology firms have reportedly been chosen for 11th Annual Fintech Innovation Lab New York. As noted in the announcement (published on April 7, 2021), Fintech solutions aim to leverage AI and advanced data analytics to “address key industry challenges including sustainability.” As mentioned… Read More

Overarching National-Level US Legislation Remains Ideal Way to Create Coherent Digital Asset Regulatory Framework, BitOoda Says

Despite a few weeks’ break from their regulatory assessments, the BitOoda team says it has been regularly monitoring the crypto industry and engaging in the ongoing advancement of the US regulatory landscape. BitOoda notes that the recent developments they’ve followed are: New York Attorney General… Read More

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