Welcome to Today’s FinTech Weekly Roundup your go-to source for the latest developments in financial technology. As FinTech continues to redefine the way we bank, invest, insure, and manage money, staying ahead of fast-moving trends is essential for professionals and businesses alike. In today’s roundup, we bring you the most impactful updates across digital banking, blockchain, payments innovation, regtech, and more plus insights from thought leaders shaping the future of finance.
Binance Wins ADGM Approval for Global Regulated Platform
Binance, the world’s largest cryptocurrency exchange by users and trading volume, has secured a major regulatory milestone after the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market formally approved the authorisation of its global platform, Binance.com, under a full regulatory framework.
ChainUp, AIGroup Sign MOU on Digital Asset Infrastructure
ChainUp and AIGroup have signed a Memorandum of Understanding (MOU) to jointly develop next-generation digital asset infrastructure in Mongolia. The two companies have worked together for the past four years through ChainUp’s support of idax, AIGroup’s virtual asset exchange.
Zebec Integrates Privy Wallets Into Payroll SuperApp
Zebec, the blockchain-powered payroll and real-time payments network, announced the integration of Privy’s embedded wallet infrastructure into the Zebec SuperApp. The upgrade opens a path to connect Zebec’s stablecoin-based payroll and disbursement rails with Privy, a Stripe company’s, broader ecosystem.
Enova to Acquire Grasshopper Bank in $369 Million Deal
Enova International, a long-established leader in technology-driven financial services, has announced plans to acquire Grasshopper Bancorp, Inc. and its subsidiary Grasshopper Bank N.A. The deal, valued at approximately $369 million in cash and stock, brings together two companies that have each carved out strong positions in digital lending and modern banking.
State Street & Galaxy Launch Tokenized Onchain Liquidity Fund
State Street Investment Management and Galaxy Asset Management, an affiliate of Galaxy Digital Inc., have unveiled plans to launch the State Street Galaxy Onchain Liquidity Sweep Fund, or SWEEP—a tokenized private liquidity fund designed to bring true 24/7 liquidity into the world of digital finance. By using PYUSD stablecoins for subscriptions and redemptions, the fund aims to give eligible investors a faster, more transparent way to move capital onchain, with Ondo Finance expected to seed the fund with roughly $200 million.
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