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.
MUFG Securities Named New York Fed Primary Dealer
Mitsubishi UFJ Financial Group has reached a major milestone in its U.S. operations. The global financial powerhouse announced that its registered broker-dealer, MUFG Securities Americas, has been officially designated as a Primary Dealer by the Federal Reserve Bank of New York. With this designation, MUSA will now serve as a key trading counterparty to the New York Fed. The role includes participating in open market operations, supporting U.S. Treasury securities at government auctions, and sharing market intelligence and analysis with the Fed’s Open Market Trading Desk. These responsibilities place MUFG among a select group of financial institutions that help maintain the stability and liquidity of the U.S. Treasury market.
LiaFi Raises Business Account Yield to 3.10 Percentage APY
LiaFi, a fintech platform and mobile app built for small businesses, announced that it has increased the annual percentage yield (APY) on its LiaFi Business Account to 3.10% APY for both new and existing customers. The rate increase reinforces the company’s mission to help small businesses make more from their cash without giving up flexibility or access to funds.
Horizon Provides $50 Million Venture Loan to Pelthos
Horizon Technology Finance Corporation , an affiliate of Monroe Capital, announced it has provided a $50 million venture loan facility to Pelthos Therapeutics , with an initial funding of $30 million, and up to $20 million to support future growth. Pelthos is a publicly traded biopharmaceutical company that is licensed to commercialize ZELSUVMI (berdazimer) topical gel, an FDA-approved treatment of molluscum contagiosum, a common skin infection characterized by small bumps or lesions. ZELSUVMI delivers nitric oxide directly to the affected skin or tissue via the Nitricil platform, which enables the gel to slowly and safely release onto the affected areas. Recently, Pelthos also acquired the rights to Xepi® Cream, a topical treatment for impetigo, and Xeglyze®, a topical treatment for head lice. The loan proceeds will be used for working capital and general growth purposes.
Kaan Kesedar Joins Evercore as Senior Managing Director
Evercore announced that Kaan Kesedar has joined the firm as a senior managing director in the financial sponsors group. He will be based in London partnering with Tiarnan O’Rourke and other senior managing directors across the region and globally to serve Evercore’s private equity clients in EMEA. Matthew Lindsey-Clark, co-head of Evercore’s EMEA investment banking business, said, “We are delighted to welcome Kaan to Evercore. His experience and relationships across the financial sponsor universe will further strengthen our capabilities to serve these important clients. We continue to view the financial sponsors ecosystem as an area of strategic focus for Evercore where we are well positioned to capitalize on increasing activity.”
MegPrime Gets SEC Approval for Universal Payments Token
MegPrime Holding, and Megatel Homes , among the largest privately held real estate developers and homebuilders in the United States, have achieved a major regulatory milestone. The companies announced that they have received a No-Action Letter from the staff of the U.S. Securities and Exchange Commission (SEC) clearing the path for the launch of what they describe as the world’s first universal payments token.At the center of this initiative is MegPrime, a fintech platform powered by its digital currency, the MP Token. Built to transform everyday spending into long-term financial progress, MegPrime is designed as an open ecosystem for both renters and homeowners. The platform connects routine household expenses into a unified rewards experience, allowing users to earn back a portion of the money they already spend addressing affordability challenges through new, blockchain-enabled technology.
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