BitGo Becomes First Public, Federally Chartered Digital Asset Infrastructure Company
BitGo has become the first publicly traded digital asset firm to secure a U.S. federal charter, marking a major milestone for the crypto industry’s integration into traditional finance. The approval places BitGo under direct federal oversight, significantly raising the bar for compliance, custody, and risk management in digital assets. It also provides banks, asset managers, and institutional investors with a regulated on-ramp to crypto custody and settlement services. The move signals growing regulatory clarity for crypto infrastructure firms willing to operate within established frameworks. For policymakers, it demonstrates that crypto can fit inside existing financial guardrails. For the broader market, BitGo’s charter may accelerate institutional adoption by reducing legal and operational uncertainty. Ultimately, this development reflects crypto’s shift from the fringes toward regulated financial plumbing.
Video of the Day
Insight of the Day
Global Payments’ Merchant Solutions Strategy
Global Payments’ merchant solutions business is built on a three-pronged product architecture designed to serve merchants of all sizes and verticals. The three segments are POS & Software, Integrated & Embedded, and Core Payments. Each segment represents a distinct product line within the merchant ecosystem, with its own software capabilities and go-to-market channels. This segmented architecture allows Global Payments to address different merchant needs from full point-of-sale systems with business software, to embedded payments in third-party platforms, to high-volume payment processing under one unified merchant solutions umbrella.
Curated News
💳 Payments
Visa and Mastercard Cool on Stablecoins for Daily Spending
Visa and Mastercard have expressed skepticism about stablecoins as a tool for everyday payments. The card networks argue that existing rails already deliver speed, reliability, and strong consumer protections at scale.
Source
Fipto Becomes Europe’s First Dual-Licensed Stablecoin Payments Firm
Fipto has secured approval as Europe’s first dual-licensed stablecoin payment institution. The move positions the firm to connect regulated payments infrastructure with blockchain-based settlement.
Source
Form3 Delivers Verification of Payee Compliance for Mollie
Form3 has implemented Verification of Payee compliance for Mollie, strengthening fraud prevention across real-time payments. The rollout supports regulatory requirements while improving payment trust.
Source
🏦 Banking
Nationwide Tops UK Current Account Switching Rankings
Nationwide has led the UK current account switching table, highlighting strong customer acquisition momentum. The results reflect growing competition and rising expectations for digital banking experiences.
Source
Nu Secures Approval to Establish a U.S. National Bank
Nu has received regulatory approval to establish a U.S. national bank. The decision marks a major step in the neobank’s global expansion and regulatory credibility.
Source
Banks Diversify Away From OpenAI as Primary AI Provider
Banks are reducing reliance on OpenAI as their sole AI provider. The shift reflects concerns around concentration risk, data governance, and the need for more specialized enterprise AI solutions.
Source
🪙 Crypto
Crypto Markets Slammed as Liquidations Top $2.5B
Crypto markets sold off sharply as liquidations exceeded $2.5 billion across Bitcoin, Ethereum, and XRP. The episode highlights continued leverage risks and volatility in digital asset markets.
Source
Bitcoin Holds Steady as Gold and Silver Slide
Bitcoin remained relatively stable while gold and silver prices fell sharply. The divergence has reignited debate over Bitcoin’s role as a potential alternative store of value.
Source
Crypto Network Mesh Reaches Unicorn Valuation
Mesh has achieved a $1 billion valuation, reaching unicorn status. The milestone signals sustained investor confidence in crypto infrastructure despite market volatility.
Source
📊 WealthTech
IRA Financial Sees Growth as Investors Shift to Alternatives
IRA Financial reported strong growth as investors reallocate retirement assets into alternative investments. The trend reflects increasing demand for diversification beyond traditional portfolios.
Source
🧠 Fintech
PicPay Valued at $2.5B Following Nasdaq Debut
PicPay reached a $2.5 billion valuation after its shares jumped in its Nasdaq debut. The listing underscores continued global investor appetite for high-growth fintech platforms.
Source
Paytm Posts $270M Q3 Net Profit
Paytm reported a $270 million net profit for Q3, signaling improved profitability. The results highlight stronger monetization and operational discipline.
Source
Robinhood Joins $45M Funding Round for Talos
Robinhood has participated in a $45 million Series B extension for digital asset firm Talos. The investment strengthens institutional crypto trading and liquidity infrastructure.
Source
EBAday Fintech Zone Winners: Where Are They Now?
A retrospective on past EBAday Fintech Zone winners shows how early-stage fintechs have evolved. The analysis offers insight into long-term success factors in fintech innovation.
Source
⚖️ Regulation
What Long-Term DEI Efforts Mean for Business Outcomes
New analysis examines how sustained DEI initiatives affect long-term business performance. The findings suggest consistent DEI strategies can support resilience and innovation.
Source
📌 Other
Mastercard Launches BIN Sponsor Plus for UK Fintechs
Mastercard has introduced its BIN Sponsor Plus programme to support the next generation of UK fintechs. The initiative aims to improve compliance readiness and speed to market.
Source
FICO and Tech Mahindra Form Global AI Alliance
FICO and Tech Mahindra have partnered to accelerate AI-driven decisioning for banks worldwide. The alliance targets credit risk, fraud detection, and operational efficiency.
Source
LexisNexis Launches IDVerse for Insurance
LexisNexis Risk Solutions has launched IDVerse to enhance identity verification in insurance. The platform aims to reduce fraud while improving onboarding efficiency.
Source
AXA Launches Quest by AXA Innovation Platform
AXA has introduced Quest by AXA, a new platform focused on innovation and customer engagement. The initiative supports the insurer’s broader digital transformation strategy.
Source
Alfa Partners With RouteOne to Support Auto Finance Originations
Alfa has announced a partnership with RouteOne to streamline U.S. auto finance originations. The collaboration enhances efficiency across lending workflows.
Source
Disclaimer: Payments Wrap Up aggregates publicly available information for informational purposes only. Portions of the content may be reproduced verbatim from the original source, and full credit is provided with a “Source: [Name]” attribution. All copyrights and trademarks remain the property of their respective owners. Payments Wrap Up does not guarantee the accuracy, completeness, or reliability of the aggregated content; these are the responsibility of the original source providers. Links to the original sources may not always be included. For questions or concerns, please contact us at sam.boboev@fintechwrapup.com.