OKX has secured fresh investment from Circle, QRT, Ripple, and Standard Chartered at a $25 billion valuation, marking a major milestone for the crypto exchange as it expands beyond its traditional trading roots. The backing brings together major players from both crypto and traditional finance, highlighting the increasing institutional interest in digital-asset infrastructure. Standard Chartered’s participation is particularly notable as established banks continue moving deeper into the digital-asset ecosystem. The new capital could support OKX’s broader push into financial services beyond operating as a crypto exchange. The deal also underscores how the boundary between traditional finance and crypto continues to blur as major institutions invest directly in digital-asset platforms.
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Insight of the Day
How Europe’s E-Invoicing Mandates Rewire B2B Payments
The European invoice is being digitized, and key regulations are underway. ViDA (VAT in the Digital Age) entered into force with mandatory e-invoicing and near-real-time digital reporting for intra-EU B2B transactions (applicable from July 2030). National B2B e-invoicing mandates are well underway, dematerializing paper invoices and standardizing the e-invoice format and transportation interface. For example, Belgium went live with mandatory domestic B2B structured e-invoicing on 1 January 2026. Poland’s KSeF clearance model captured large taxpayers on 1 February 2026 and essentially everyone else on 1 April 2026. France begins its phased rollout on 1 September 2026.
These regulations standardize both the content and the transport of every B2B invoice simultaneously:
Standardized content. EN 16931 (a common, machine-readable data model built for B2B invoicing and digital tax reporting) gives every in-scope invoice the same structure, including line-item detail: item description, quantity, unit of measure, net price, and VAT treatment.
Standardized transport. Peppol Access Points (a secure, standardized global network framework used by businesses and governments to exchange electronic documents like invoices) and national invoicing gateways (such as France’s Approved Platforms and Poland’s KSeF) mean that invoice data no longer sits locked inside individual ERPs or procurement portals. It moves through interoperable network endpoints with published directories so that any invoice can be routed to a known address.
The invoice, historically in paper form or as a PDF emailed to an accounts payable inbox, therefore becomes a machine-readable object with a routing address on essentially every B2B transaction in Europe. The friction that has kept cards and third-party financing out of the invoice-to-cash cycle is being engineered to an extent out by regulations, and the structured rails that acquirers and lenders would otherwise have had to build themselves are arriving as a regulatory by-product rather than as a build cost.
Curated News
💳 Payments
Noah Closes $38M Seed Funding Round as Major Enterprises Move Cross-Border Payments onto Stablecoin
Noah has raised $38 million in seed funding as enterprises increasingly explore stablecoins for cross-border payments. The funding will support the company’s efforts to build infrastructure around stablecoin-based transactions.
Source
PayDo Selects Convera to expand Swift receivables and onward cross-border payments
PayDo has selected Convera to expand its Swift receivables and onward cross-border payment capabilities. The partnership aims to improve how businesses manage international payment flows.
Source
Coinbase to make USDC default in Samsung Wallet
Coinbase is making USDC the default stablecoin in Samsung Wallet. The integration could make stablecoin payments more accessible to a broader consumer audience.
Source
🏦 Banking
JPMorganChase Dominates Global AI Banking Index as North American Leaders Pull Ahead
JPMorganChase has taken the lead in a global index measuring banks’ adoption and advancement of artificial intelligence. North American institutions are increasingly pulling ahead as banks accelerate their investment in AI.
Source
HSBC plans job cuts across UK wealth business in AI push, FT reports
HSBC is reportedly planning job cuts across its UK wealth business as it expands its use of AI. The move highlights the growing impact of automation on financial-services operations.
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U.S. Bank expands consumer protection tools with new identity, privacy and credit monitoring service
U.S. Bank has expanded its consumer-protection offering with new identity, privacy and credit-monitoring tools. The service is designed to give customers greater visibility and protection around their financial information.
Source
Revolut Wants More Than a Manila Tech Hub as It Eyes a Philippine Digital Bank
Revolut is looking beyond establishing a technology hub as it explores opportunities to launch a digital bank in the Philippines. The move could mark a broader expansion of its banking footprint in Southeast Asia.
Source
💼 Fintech
Plaid Launches Credit and Fraud Models Fueled by Cash Flow Data
Plaid has launched new credit and fraud models powered by cash-flow data. The models aim to give financial institutions additional data for making decisions across lending and fraud prevention.
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Comparables.ai raises $6M seed for its AI dealmaking platform
Comparables.ai has raised $6 million in seed funding for its AI-powered dealmaking platform. The company is using AI to support workflows around financial transactions and deal analysis.
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Capitolis Raises $220M in Total Funding
Capitolis has raised a total of $220 million in funding as it continues building technology for financial markets. The company focuses on helping financial institutions improve how capital and trading infrastructure are managed.
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TS Imagine adds regulatory intelligence to TSIQ AI platform
TS Imagine has added regulatory intelligence capabilities to its TSIQ AI platform. The update expands the platform’s use of AI for financial-market and compliance workflows.
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Iridium Credit raises $3M to help lenders verify unpaid invoices
Iridium Credit has raised $3 million to help lenders verify unpaid invoices. Its technology is designed to improve confidence around invoice-based lending.
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Personio acquires spend management platform Circula
Personio has acquired spend-management platform Circula, expanding its offering around financial and workforce-management tools. The deal adds spend management to Personio’s broader business software ecosystem.
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🪙 Crypto
EDX Markets and Raven Partner to Enhance Institutional Digital Asset Liquidity
EDX Markets and Raven are partnering to enhance institutional liquidity in digital assets. The collaboration aims to strengthen infrastructure supporting professional crypto-market participants.
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Sibos 2026: TradFi vs DeFi, which wins and why
Sibos 2026 examines the evolving competition and convergence between traditional finance and decentralized finance. The discussion reflects the industry’s growing focus on how the two models may develop alongside each other.
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Morgan Stanley sets up digital asset lab
Morgan Stanley has established a digital-asset lab to explore developments in the crypto and blockchain space. The initiative highlights continued institutional experimentation with digital assets.
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SBI, Mesh, Money Forward plan Japan crypto payments joint venture
SBI, Mesh and Money Forward are planning a joint venture focused on crypto payments in Japan. The collaboration could help expand the use of digital assets in everyday payment infrastructure.
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📈 WealthTech
Nasdaq Ventures invests in One Trading
Nasdaq Ventures has invested in One Trading, strengthening the connection between traditional financial-market infrastructure and digital-asset trading. The investment reflects continued institutional interest in next-generation trading platforms.
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⚖️ Regulation
AI systems most at risk of cybersecurity attacks, PwC report shows
A PwC report highlights AI systems as particularly exposed to cybersecurity attacks. The findings underscore the growing security challenges financial institutions face as AI becomes more deeply integrated into their operations.
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🌍 Other
U.S. Bank expands consumer protection tools with new identity, privacy and credit monitoring service
U.S. Bank has introduced new tools focused on identity, privacy and credit monitoring. The initiative aims to give consumers additional protection across their financial lives.
Source
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