Wellington Management news and trends

Interbank Pilot From Visa, Goldman and Others Seeks Real-World Blockchain Utility 
Blockchain // March 18, 2024

For the past 15 years, blockchain has been attempting to transform the global financial system. Or, if you listen to some of the earlier adherents of the digital asset sector, attempting to replace it. However, the inherently anonymous nature of the crypto industry’s web3 technology...

Citi Completes Proof of Concept on Tokenization of Private Markets
Technology // February 14, 2024

Citigroup has partnered with Wellington Management and WisdomTree to explore the tokenization of private markets. The collaboration successfully completed a proof of concept on the Avalanche Spruce institutional test Subnet, demonstrating the potential of smart-contract capabilities to bring new functionality and operational efficiencies, the companies...

Riyadh-Based Buy Now, Pay Later Platform Tabby Raises $200 Million
BNPL // November 01, 2023

Tabby, a buy now, pay later (BNPL) platform based in Riyadh, has raised $200 million in its Series D funding round, achieving a valuation of $1.5 billion. This has made Tabby the first FinTech unicorn in the region, the firm said in a Wednesday (Nov....

eCommerce Firm Rokt Looks to IPO After $2.4B Valuation
Investments // December 05, 2022

eCommerce startup Rokt’s valuation has risen to $2.4 billion following a new funding round. The company announced the new valuation Monday (Dec. 5) following a secondary funding round led by investment firm Square Peg and asset manager Wellington Management, and says it is preparing to...

Quick Reads
Citi Completes Proof of Concept on Tokenization of Private Markets

February 14, 2024
Citigroup has partnered with Wellington Management and WisdomTree to explore the tokenization of private markets. The collaboration successfully completed a proof of concept on the Avalanche Spruce institutional test Subnet, demonstrating the potential of smart-contract capabilities to bring new functionality and operational efficiencies, the companies said in a Wednesday (Feb. 14) press release. Private markets, […]

Riyadh-Based Buy Now, Pay Later Platform Tabby Raises $200 Million

November 01, 2023
Tabby, a buy now, pay later (BNPL) platform based in Riyadh, has raised $200 million in its Series D funding round, achieving a valuation of $1.5 billion. This has made...

eCommerce Firm Rokt Looks to IPO After $2.4B Valuation

December 05, 2022
eCommerce startup Rokt’s valuation has risen to $2.4 billion following a new funding round. The company announced the new valuation Monday (Dec. 5) following a secondary funding round led by...