JPMorgan Accelerates Tokenization With Galaxy Debt Issuance on Solana
JPMorgan has taken another major step into blockchain-based finance by supporting a tokenized debt issuance for Galaxy Digital on the Solana network. The move builds on the bank’s growing on-chain strategy, extending beyond private blockchains into public networks. By using Solana, JPMorgan is signaling confidence in scalable, low-cost infrastructure for institutional-grade financial products. The transaction highlights how tokenization is moving from experimentation to real-world capital markets use cases. It also underscores increasing collaboration between traditional banks and crypto-native firms. For the fintech sector, this marks a pivotal moment in bridging legacy finance and decentralized infrastructure.
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Inside Block’s Product Strategy
Block has been easy to overlook in the broader fintech discourse. But the company has been steadily assembling a product architecture that pushes well beyond traditional payments. After going through the 2025 Investor Day presentation, I see a clear pattern: Block is building networks, financial primitives, and agent interfaces across Cash App and Square. I want to break down how those pieces fit together and why the strategy matters for anyone building in fintech.
Curated News
💳 Payments
Orange Money and Visa Expand Virtual Card Access
Orange Money and Visa are expanding their partnership to roll out virtual cards across more African markets. The initiative aims to boost secure online payments and support e-commerce growth in underbanked regions.
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Mollie Acquires GoCardless to Strengthen Payments Stack
European payments firm Mollie has acquired GoCardless, significantly expanding its account-to-account and recurring payment capabilities. The deal positions Mollie as a more comprehensive payment provider for merchants across Europe.
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Exotic Auto Finance Modernizes Bill Pay With ACI Worldwide
LLP Exotic Auto Finance has selected ACI Worldwide to automate and modernize its bill payment operations. The upgrade is expected to eliminate up to 90% of manual processes, improving efficiency and customer experience.
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🏦 Banking
Enova Agrees $369M Acquisition of Grasshopper Bank
Fintech lender Enova has agreed to acquire Grasshopper Bank in a $369 million deal. The acquisition strengthens Enova’s banking infrastructure and expands its regulated footprint in the US market.
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Gatehouse Bank Expands Community Sports Fund
UK-based Gatehouse Bank has expanded its community sports fund to support more grassroots initiatives. The move reinforces the bank’s focus on social impact alongside its core financial services.
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🧠 Fintech
BBVA Deepens OpenAI Partnership With ChatGPT Expansion
BBVA is doubling down on its alliance with OpenAI to embed ChatGPT more deeply across internal operations and customer services. The bank aims to boost productivity and improve digital customer engagement using generative AI.
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martini.ai Launches Voice-Based Credit Risk Analysis
martini.ai has introduced voice typing capabilities for real-time credit risk analysis. The feature allows faster data input and decision-making for financial institutions managing complex credit assessments.
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Harness Raises $240M to Advance AI Beyond Code
Harness has secured $240 million in funding led by Goldman Sachs Alternatives to accelerate its “AI for everything after code” vision. The investment highlights growing enterprise demand for AI-driven software delivery and operations.
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🪙 Crypto
OCC Approves Crypto Firms for National Trust Bank Charters
The US Office of the Comptroller of the Currency has approved national trust bank charters for Circle, Ripple, and Paxos. The decision marks a significant regulatory milestone for crypto firms seeking deeper integration with the banking system.
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Coinbase Selects Chainlink for $7B Cross-Chain Initiative
Coinbase has chosen Chainlink to support a $7 billion crypto bridging project. The partnership aims to enhance interoperability and security across blockchain ecosystems.
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Ripple Payments Gains First European Bank Customer
Ripple Payments has secured its first European bank client with Switzerland-based AMINA Bank. The adoption signals growing institutional interest in blockchain-powered cross-border payments.
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Standard Chartered and Coinbase Expand Digital Asset Collaboration
Standard Chartered and Coinbase are deepening their partnership to better serve institutional digital asset clients. The collaboration focuses on custody, trading, and broader crypto market access.
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Klarna Eyes Mainstream Crypto Adoption via Privy Partnership
Klarna has partnered with Privy to simplify crypto onboarding for everyday users. The move reflects Klarna’s ambition to bridge traditional payments with digital asset experiences.
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Tether Explores Tokenized Stocks Amid $20B Fundraise
Tether is considering tokenizing equities as part of a reported $20 billion fundraising effort. The move could expand its role beyond stablecoins into broader tokenized financial assets.
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Do Kwon Sentenced to 15 Years Over Terra Collapse
Terraform Labs founder Do Kwon has been sentenced to 15 years in prison for his role in the $40 billion Terra ecosystem collapse. The ruling underscores increasing global enforcement against crypto-related fraud.
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📊 WealthTech
Truist Wealth Launches Digital Platform With InvestCloud
Truist Wealth has unveiled a new digital platform built with InvestCloud to enhance advisor and client experiences. The platform modernizes portfolio management and wealth planning capabilities.
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Wealthfront IPO Values Robo-Advisor at $2B
Wealthfront has raised $486 million in its IPO, valuing the company at $2 billion. The milestone highlights renewed investor confidence in digital wealth management platforms.
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Robinhood Shares Slide After Trading Volume Drop
Robinhood shares fell 8% following a sharp decline in November trading volumes. The drop raises concerns about retail trading engagement amid volatile market conditions.
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⚖️ Regulation
Nationwide Fined £44M for Weak Financial Crime Controls
UK building society Nationwide has been fined £44 million for deficiencies in its financial crime controls. The penalty reinforces regulators’ focus on governance and compliance standards.
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UK Lawmakers Warn Stablecoin Rules Could Drive Activity Offshore
Lawmakers have warned that the Bank of England’s proposed stablecoin framework may hinder adoption and push innovation overseas. The debate highlights tensions between regulation and competitiveness.
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📌 Other
Masayoshi Son Reduces Pledged SoftBank Shares by $2.1B
SoftBank founder Masayoshi Son has cut the value of shares pledged as collateral by $2.1 billion. The move signals balance sheet caution amid ongoing market uncertainty.
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