Major U.S. Banks Unite to Build a Tokenization Network
Several leading U.S. banks have joined forces to develop a shared tokenization network, signaling growing institutional confidence in blockchain-based financial infrastructure. The initiative aims to modernize how assets, payments, and financial transactions move across the banking system by leveraging tokenized representations of value. Unlike earlier crypto-focused projects, the effort is being driven by established financial institutions seeking greater efficiency, transparency, and interoperability. The move highlights how tokenization is increasingly being viewed as a practical tool for improving financial markets rather than simply a digital asset trend. As banks explore new ways to streamline settlement and asset transfers, tokenized networks could become a foundational layer of future financial services. The collaboration also demonstrates how traditional finance is embracing technologies once associated primarily with the crypto sector, potentially accelerating mainstream adoption of tokenized finance.
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The Directory Of The UK and European Card Issuing and Program Management Platforms
The card issuing space has never been harder to read from the outside. Platforms that look similar on the surface have fundamentally different license structures, network relationships, regional coverage, and feature depth. I built this guide to cut through the noise mapping 22 companies across every dimension that actually matters when choosing a card issuing partner. If you are building a card program, migrating an existing one, or doing competitive due diligence on this market, this is the reference you need. The companion Excel file gives you the full comparison in filterable form.
What this guide covers
This deep dive profiles 22 card issuing processors and program management platforms in the UK and Europe across six structured dimensions: license type and issuing jurisdiction, card network membership, card types supported, key platform features, and geographic coverage. Every profile is built from publicly available information and official company documentation as of June 2026. Where data is not publicly disclosed, I mark it as “Not disclosed” rather than guess.
The accompanying file has seven tabs: Overview, Licenses, Card Networks, Card Types, Features, Regions, and a Master Table with all dimensions combined and filterable.
Curated News
💳 Payments
Bank of America Launches Real-Time Cross-Border Payments
Bank of America is expanding its payments capabilities with real-time cross-border transfers, giving clients more flexibility when moving money internationally. The initiative reflects growing demand for faster, more transparent global payment solutions.
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Cash App Unveils Contactless Payment Wand
Cash App has launched a new contactless payment device designed to simplify in-person transactions. The move showcases the company’s continued push to blend payments with consumer-focused hardware experiences.
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Adyen Wins Gov.UK Pay Contract
Adyen has secured the Gov.UK Pay contract, strengthening its position in public-sector payments. The win highlights continued demand for modern payment infrastructure across government services.
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RedotPay Targets Merchants With Lower-Cost Payments
RedotPay has launched RedotPay Connect, a new B2B payments gateway that claims to reduce fees for global merchants by up to 70%. The platform aims to improve efficiency and lower payment acceptance costs for businesses.
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🏦 Banking
Plaid Brings AI-Powered Support to Bank Linking
Plaid has integrated its Link product directly into Fin’s AI assistant experience, allowing users to resolve bank connection issues without leaving the conversation. The enhancement aims to improve onboarding and reduce friction in financial applications.
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BMO Launches Financial Navigation Tool
BMO has introduced a new financial navigation platform designed to help customers better understand and manage their financial journeys. The tool reflects growing investment in personalized banking experiences.
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💼 Fintech
Revolut Co-Founder Steps Down as CTO
Revolut co-founder Vlad Yatsenko will leave his role as Chief Technology Officer, marking a significant leadership change at one of Europe’s largest fintech companies. The transition comes as Revolut continues its global expansion efforts.
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Revolut Eyes $115B Secondary Share Sale
Revolut is reportedly exploring a secondary share sale that could value the company at approximately $115 billion. The potential transaction underscores investor confidence in the fintech giant’s growth trajectory.
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Airwallex Acquires Leapfin to Expand Financial Operations Platform
Airwallex has acquired Leapfin to strengthen its financial lifecycle management capabilities. The deal expands Airwallex’s offering beyond payments and deeper into financial operations infrastructure.
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Scotland Invests £3.18M in Fintech Growth
Scotland has announced £3.18 million in funding to accelerate fintech innovation, job creation, and ecosystem collaboration. The investment aims to strengthen the country’s position as a leading fintech hub.
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Klarna Launches In-App Inbox to Combat Scams
Klarna has introduced an in-app messaging inbox designed to help customers identify legitimate communications and avoid fraud. The feature addresses growing concerns around scams targeting digital finance users.
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Experian Brings Personal Loan Shopping to ChatGPT
Experian has launched a new AI-powered experience that allows users to explore personal loan options through ChatGPT. The initiative highlights the growing convergence of conversational AI and consumer finance.
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🪙 Crypto
Robinhood Enters Canada Through WonderFi Acquisition
Robinhood has officially entered the Canadian market following its acquisition of WonderFi. The deal expands the company’s international presence and strengthens its position in digital asset services.
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Hyperliquid Faces UK Regulatory Scrutiny
The UK’s Financial Conduct Authority has issued a warning related to Hyperliquid as regulators increase oversight of crypto derivatives markets. The development highlights growing attention on high-risk trading products.
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Bitcoin Falls Below $60K After Strong Jobs Data
Bitcoin dropped below $60,000 following stronger-than-expected U.S. jobs figures, while broader crypto markets faced additional pressure from the Zcash security incident. The decline reflects continued sensitivity to macroeconomic developments.
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Zcash Crashes Following Critical Vulnerability Disclosure
ZEC plunged after developers disclosed a critical counterfeiting vulnerability affecting Zcash. The incident reignited discussions around security risks and resilience within cryptocurrency networks.
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Securitize Moves Closer to a Public Listing
BlackRock-backed tokenization platform Securitize has cleared an important hurdle in its path toward a NYSE listing. The milestone highlights growing investor interest in tokenized asset infrastructure.
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Are Retail Investors Selling Bitcoin for the SpaceX IPO?
New market analysis suggests some retail investors may be rotating capital from Bitcoin into anticipated SpaceX-related investment opportunities. The trend illustrates how major liquidity events can influence crypto market flows.
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📈 WealthTech
ZA Bank Expands Wealth Management Access
ZA Bank and Industrial Bank have launched a Southbound Wealth Scheme aimed at expanding cross-border investment opportunities. The initiative supports growing demand for digital wealth management solutions in Asia.
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Moneyhub Turns Rent Payments Into Rewards
Moneyhub and Brick Rewards have partnered to help UK renters earn rewards through their monthly rent payments. The offering seeks to improve financial engagement and create additional value from recurring expenses.
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⚖️ Regulation
Wallester Secures FCA Electronic Money Licence
Wallester has received FCA authorization as an Electronic Money Institution, enabling it to expand regulated financial services across the UK market. The approval marks an important milestone in the company’s growth strategy.
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Interoperability is something all those tech are struggling with. Good initiative, but still local, not global one.