Web3 Adoption - Over 170 banks are developing Web3 services [1] - The "Strategic Entry into Web3 for Banks" report by FORMULA by Cointelegraph highlights this trend [1] - The study benchmarks maturity across nine streams, including custody and RWAs (Real World Assets) [1] Industry Leaders - DBS, Citi, Standard Chartered, and JP Morgan are identified as leaders in Web3 adoption among banks [1]

Singapore’s High Court has stopped foreign liquidators from suing Standard Chartered and BSI Bank over transactions allegedly linked to the Malaysian sovereign wealth fund 1Malaysia Development https://t.co/vyQ4R2Jq4y ...

At Sibos, Chainlink Co-Founder Sergey Nazarov joined Euroclear and Standard Chartered on @globalcustodian’s opening day panel to discuss the future of digital assets.The panel highlighted how conversations around digital assets have shifted from early exploration to real institutional adoption:• Stablecoins are moving into regulated, large-scale use.• Tokenization is evolving from pilots into production.• Global institutions now see open standards as critical to scaling these markets.Sergey emphasized that ...

Core Insights - Société Générale is actively engaging in decentralized finance (DeFi) by integrating its euro and dollar stablecoins with major DeFi platforms like Uniswap and Morpho, marking a significant step beyond pilot projects in the banking sector [2][3][4] Company Developments - SG Forge, the digital assets arm of Société Générale, has integrated its USDCV and EURCV stablecoins with Uniswap, which has a monthly trading volume exceeding $100 billion, and Morpho, a lending protocol with $11 billion in deposits [2] - The integration allows institutional clients to swap stablecoins and other crypto assets on Uniswap and to lend and borrow against them through Morpho [2][3] Industry Trends - The DeFi lending sector is gaining traction, with deposits to DeFi lending protocols reaching an all-time high of $130 billion in early September, indicating a strong demand for decentralized lending solutions [3] - Other banks, such as Credit Suisse and Standard Chartered, are also exploring digital assets and tokenization, reflecting a broader trend in the banking industry towards embracing DeFi and digital currencies [5] Regulatory Environment - Recent regulatory developments, including the European Union's MiCA rules and new stablecoin regulations in the US, are fostering a more favorable environment for banks to engage with digital assets [6] - Future regulations, such as the planned market structure bill in the US, are expected to further encourage banks to explore DeFi initiatives, although potential delays due to government shutdowns may impact this [6]

Core Thesis - ServiceNow, Inc. is experiencing strong momentum with a balance of high growth and margin pressures related to AI and data center investments [2][5] - The stock was trading at $933.37 as of September 24th, with trailing and forward P/E ratios of 117.41 and 46.30 respectively [1] Financial Performance - The company reported a 22.4% year-over-year revenue growth in Q2, with remaining performance obligations (RPO) increasing by 28.5% and current RPO (cRPO) up by 24.4% [2] - Subscription revenue, which constitutes 96.8% of total sales, accelerated to a 22.5% year-over-year growth [2] - Gross margins decreased from 82.6% to 81.0%, while operating margin improved to 29.7% and free cash flow margin reached 16.6% [2] Valuation and Market Position - ServiceNow's forward EV/Sales multiple stands at 13.3 and P/E at 51.1, which are considered elevated compared to peers, yet justified by sustained revenue growth exceeding 20% and a renewal rate of 98% [3] - The company has established a competitive advantage through high switching costs, deep integrations across various workflows, strong brand equity, and expanding economies of scale [3] Customer Base and Recognition - ServiceNow has a growing base of large clients, with 528 customers paying more than $5 million in annual contract value (ACV) and over 30% year-over-year growth in customers with ACV above $20 million [3] - Notable clients include ExxonMobil, Standard Chartered, Merck, Starbucks, and NVIDIA, leveraging ServiceNow's AI Control Tower and automation capabilities [4] - The company has been recognized as a leader in Gartner's 2025 Magic Quadrants across IT service management, low-code, and AI-enabled applications [4] Financial Health - ServiceNow holds strong cash reserves of $6.1 billion against $2.3 billion in debt, positioning the company well for future growth [4]

CNBC's change makers, our annual list of women transforming business. It's now accepting nominations for the 2026 list. And this year, you can hear directly from these power players in a new podcast. Julia Borston is here with that story. Good morning. >> Good morning to you, Andrew. That's right. Starting today, you can submit nominations for our our upcoming changemakers list of women transforming business and philanthropy. And we're launching our new podcast called Changemakers and Power Players. Droppin ...

RT Patti (@pattiruss_)Solana 🤝 SibosProud to see how much our ecosystem has matured and who we're engaging with now.Take yesterday: at our side event, I talked to people from major players like:- HSBC- Swift- JP Morgan- Standard Chartered- Deutsche Bank- Commerzbank- State StreetAll were keen on building on @solana.Only a matter of time until they do 💪 ...

Financial Activities - Air India raised approximately $215 million for refinancing [1] Institutions Involved - Bank of India and Standard Chartered provided the refinancing funds [1]

Core Insights - Tether is seeking to raise $15-20 billion for a 3% equity stake, potentially valuing the company at $500 billion, with interest from SoftBank Group and Ark Investment [1][2] - If successful, Tether would rank among the largest private companies globally, alongside firms like OpenAI and SpaceX [2] - Tether plans to launch a new U.S. regulated stablecoin, USAT, by the end of the year, expanding its presence in the market [3] Company Developments - Tether has been increasing its presence in the U.S. since the election of President Donald Trump, hiring former White House crypto advisor Bo Hines as a strategic advisor [4] - The company maintains a close relationship with U.S. Commerce Secretary Howard Lutnick, who is involved in Tether's fundraising efforts [4] Market Context - Tether's USDT stablecoin has a market cap of $173 billion, making it the third largest crypto asset, significantly larger than Circle's USDC [5] - The stablecoin market has grown by over $122 billion in the past year, reaching nearly $300 billion, with predictions of reaching $750 billion by the end of 2026 [6]

Standard Chartered’s venture building arm and Fujitsu team up on quantum computing, the latest in a slew of financial firms investing in faster technology to speed up services https://t.co/gLmqVQ2svU ...