Kraken owner Payward is expanding its tokenization efforts in Europe and the U.K. xStocks, Payward’s tokenized equities framework, has deployed its first set of tokenized equities representing U.K. and European publicly listed assets, the company announced Wednesday (Nov. 11). Payward called it “the most significant...
Bitcoin has spent much of its existence trying to become a payment method. The launch this week by Square of always-on Bitcoin payment capabilities for its cohort of eligible merchants in the United States is about to test whether the infrastructure was ever the real...
New research shows most U.S. dollar stablecoins will not follow the GENIUS Act’s reserve asset requirements. A study from the Bank Policy Institute (BPI) published Friday (Nov. 6) examined data on the reserve asset holdings of the 10 largest circulating dollar stablecoins, which accounted for...
Stablecoins are becoming a distribution business before they have conclusively become a profitable payments business. And if stablecoins are a distribution business, then a new player might be trying to corner the market. Samsung last month gave stablecoins something the cryptocurrency industry has spent years...
Digital asset treasury company Hyperliquid Strategies wants to become a futures commission merchant (FCM) regulated in the United States, according to a Thursday (Nov. 5) press release. Hyperliquid Strategies CEO David Schamis announced the company’s plans when reporting quarterly earnings. “Hyperliquid is winning the parts...
Aave Labs has acquired the team and technology behind Avon to further its efforts to bring on-chain lending to a mainstream audience, Aave Labs said in a Friday (Nov. 6) press release emailed to PYMNTS. Aave Labs is a core contributor in the Aave on-chain...
Tokenization FinTech tZERO says it is moving to become a publicly traded firm. The company announced Monday (Nov. 2) plans to combine with FG Imperii Acquisition Corp., a special purpose acquisition company (SPAC) in a deal valuing tZERO at $350 million. Upon closing, the company...
Days after issuing the final rule to implement the GENIUS Act, the Office of the Comptroller of the Currency (OCC) encouraged community banks to develop payment stablecoin capabilities. “The OCC wants community banks to help shape the future of payments and is encouraging the development of payment stablecoin...
Polygon has completed its acquisition of Coinme, making Polygon Open Money Stack a U.S.-regulated payments platform, the company said in an Oct. 14 blog post. “This is a huge step for Polygon,” the company said in the post. “We’ve spent years building infrastructure that moves money onchain. Now Polygon has...