The US securities regulator has introduced a five-year exemption covering tokenized stock trading, creating a defined regulatory window for firms developing blockchain-based versions of traditional securities. The move could give financial institutions and market infrastructure providers more room to test tokenized equities within an established regulatory framework. It also reflects the growing overlap between traditional securities markets and blockchain infrastructure. For fintech and capital-markets firms, tokenization is increasingly becoming an area of practical experimentation rather than a purely theoretical use case. The exemption could therefore provide additional room for innovation in how securities are issued, traded and settled.
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Insight of the Day
Anthropic’s In-House Payment Push Is Easier Said Than Done
Fast-growing software platforms eventually hit a financial scale where off-the-shelf payment software creates operational friction. Anthropic saw its annualized revenue run-rate jump from $787 million to nearly $45 billion within five months by May 2026. The company reached a $965 billion valuation during its Series H funding round. When transaction volumes grow this quickly, small pricing inefficiencies and billing delays multiply into major operational expenses. Anthropic recently posted job listings for billing software engineers, fraud specialists, and treasury managers to evaluate developing proprietary financial tools.
Industry commentary quickly framed these job listings as a direct threat to Stripe. The full operational context presents a more nuanced reality. Anthropic is evaluating which specific financial primitives to build internally, while maintaining its core credit card processing with Stripe. Anthropic wants to unbundle parts of its payment stack. This will improve pricing logic, curb promotional fraud, and consolidate corporate banking operations.
Curated News
💳 Payments
NCR Atleos Selected by Bank Pekao to Modernize Card Payment Processing
NCR Atleos has been selected by Bank Pekao to modernize its card payment processing infrastructure with Authentic Switch. The upgrade is aimed at supporting more flexible and modern card-processing capabilities.
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Mastercard and HyperPay Launch HyperSpend in Saudi Arabia
Mastercard and HyperPay are launching HyperSpend, a spend-management solution for SMEs in Saudi Arabia. The platform is designed to give smaller businesses additional tools for managing corporate spending.
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🏦 Banking
Riverty Opens Bank in Luxembourg
Riverty has opened a bank in Luxembourg, expanding its financial-services capabilities in the European market. The move adds regulated banking infrastructure to the company’s existing fintech offering.
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Ant International Unveils 100 Products for Agentic Finance
Ant International has unveiled 100 products designed to support agentic financial operations. The initiative highlights the company’s push to apply AI and automation across a broad range of financial workflows.
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💼 Fintech
Revolut Explores Dual London and New York Listing
Revolut is reportedly exploring a dual stock-market listing in London and New York. Such a structure would potentially give the fintech access to investors in both major financial markets, although the plans remain under consideration.
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Ryft Raises £20M Series B
Payments infrastructure company Ryft has raised £20 million in Series B funding to support expansion across Europe and the US. The funding will help the company scale its payments infrastructure in both markets.
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Ex-PayPal CEO Harris Unveils AI Personal Finance App
Former PayPal CEO Harris has launched an AI-powered personal finance app. The product adds another entrant to the growing market for AI-assisted personal financial management.
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Skalar Launches With $125M
Skalar has launched with $125 million to provide precision financing for growth-stage startups. The company is targeting the financing needs of startups moving beyond their earliest stages.
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SBI Group Joins $25M Funding Round for dtcpay
SBI Group has joined a $25 million funding round for dtcpay. The investment adds further institutional backing to the digital-payments company.
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01Fintech Invests in Indonesian Digital Wallet Dana
01Fintech has invested in Indonesian digital wallet Dana, adding fresh capital to the country’s growing digital-payments ecosystem.
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🪙 Crypto
UK Watchdog Targets Three Sites Over Suspected Illegal Crypto Trading
A UK financial watchdog has targeted three London sites suspected of involvement in illegal crypto trading. The action reflects continued regulatory scrutiny of unregistered activity in the digital-asset market.
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Coinbase Files to List Single-Stock Perpetuals
Coinbase has filed to list single-stock perpetual contracts tied to Apple, Tesla and Nvidia. The move would expand the range of financial instruments available through its crypto-focused trading infrastructure.
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Australian Trading Firm BDX Markets Launches Blockchain Platform
Australian trading firm BDX Markets has launched a blockchain platform. The initiative brings distributed-ledger technology into the firm’s trading infrastructure.
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Solana Network Upgrade Cuts Block Times
Solana’s latest speed upgrade has reduced block times by 17%. The change is aimed at improving transaction performance on the network.
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Zcash Developers Target Faster Private Payments
Zcash developers are working on an upgrade intended to make private payments three times faster. The proposal focuses on improving transaction performance while retaining the network’s privacy-oriented design.
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📈 WealthTech
74% of Top North American Investors Are Assessing Climate Risks
A Ceres report finds that 74% of the top 50 North American investors are assessing climate-related risks. The figure highlights the growing role of climate considerations in institutional investment analysis.
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Ex-Monzo Founders Raise Seed Round for Payroll Savings Platform
Former Monzo founders have raised seed funding for Sync, a UK payroll savings platform. The startup is focused on integrating savings into the payroll process.
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⚖️ Regulation
ECB President Reportedly Intervened Over Binance’s EU MiCA Licence
The Wall Street Journal reportedly reported that ECB President Christine Lagarde intervened to block Binance’s EU MiCA licence. The report concerns the regulatory treatment of Binance under the EU’s crypto framework.
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Yahoo Finance Ends Polymarket Partnership
Yahoo Finance has ended its partnership with Polymarket and closed its prediction-markets hub. The change removes the prediction-market integration from the financial platform.
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🌍 Other
Portage Announces $600M Ventures Fund IV
Portage has announced the final close of its fourth ventures fund at $600 million. The fund provides additional capital for investment across financial services and fintech.
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SEON Expands Fraud-Fighting Signal Intelligence
SEON is expanding its signal-intelligence capabilities to detect fraud rings as AI contributes to the rise of fake identities. The technology is designed to help financial businesses identify increasingly sophisticated fraud patterns.
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