Core Insights - Pave Bank, a fintech bank backed by Accel, raised over $39 million in a funding round, bringing its total funding to over $44 million [1][2] - The bank has reported profitability in seven of its first nine months of operation, a notable achievement for a newly licensed bank [2] - Pave Bank focuses on a technology-driven operating model that emphasizes sustainability and leverages automation and AI across various functions [3] Funding and Financial Performance - The recent funding round was led by Accel and included participation from several other investors such as Tether Investments and Quona Capital [1] - The capital raise supports Pave Bank's expansion into new markets [2] - The bank's profitability in its early months indicates a strong operational foundation [2] Business Model and Services - Pave Bank aims to bridge traditional finance and digital assets, addressing operational challenges faced by institutions managing both fiat and digital currencies [4][5] - The bank offers a comprehensive suite of services including deposit accounts, international payments, foreign exchange liquidity, and digital-asset management, all under a unified regulatory framework [6] - The focus on a multi-asset banking model combines the stability of traditional finance with the speed and intelligence of digital assets [4][5]

BOCA RATON, FL / ACCESS Newswire / October 30, 2025 / BitBridge Capital Strategies, a next-generation financial services firm bridging traditional finance and digital assets, today announced its plan to secure consumer lending licenses in all 50 U.S. states, beginning with Florida as the inaugural state. Bitbridge is in the process of submitting its application in Florida and is actively advancing filings in additional jurisdictions, with the goal of completing the full 50-state licensing framework within t ...

Group 1 - Citigroup Inc. is currently considered one of the most undervalued large-cap stocks available for investment [1] - On October 27, Citigroup announced a collaboration with Coinbase Global Inc. to enhance digital-asset payment capabilities for its institutional clients [1][2] - The partnership aims to facilitate smoother money transfers that are accessible 24/7, leveraging Citi's extensive network of over 300 payment clearing networks across 94 markets globally [2] Group 2 - Citi is preparing to launch crypto custody services in 2026, with expectations of providing a credible custody solution for asset managers and other clients in the near future [3] - The collaboration with Coinbase is seen as a natural extension of Citi's network strategy, which focuses on integrating traditional finance with cryptocurrency [2][3] - Citigroup operates as a diversified financial service holding company, offering a wide range of financial products and services to various clients, including consumers, corporations, and governments [4]

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Core Insights - IBM has launched Digital Asset Haven, a platform aimed at helping banks, governments, and corporations manage and secure digital assets as institutional adoption increases [1][2] - The platform is developed in collaboration with Dfns and integrates IBM's infrastructure with Dfns' custody and key management capabilities, providing a comprehensive solution for the digital asset lifecycle [3][6] - The launch comes amid rising corporate Bitcoin holdings and increasing concerns over the complexity of managing digital assets and the security risks associated with them [2][5] IBM Digital Asset Haven - Digital Asset Haven connects with over 40 public and private blockchains and includes tools for identity verification, anti-money laundering, and yield generation [4] - The platform aims to reduce the compliance and regulatory burden for institutions [3] - It is set to launch in late 2025, addressing vulnerabilities in the digital asset space [6] Security Concerns - There is a notable increase in crypto-related hacks and thefts, with over $2.17 billion stolen from crypto services in 2025 according to Chainalysis [5][7] - IBM's platform incorporates Hardware Security Modules (HSMs) and multi-party computation for cryptographic key management to mitigate single points of failure [8] - The need for improved institutional security practices is emphasized as threat actors have upgraded their capabilities [7]

Congrats to @ethereumfndn on launching the Ethereum for Institutions site.At ZKsync, we are building towards Institutional adoption from Day 1 onboarding some of the biggest names in Finance on Ethereum, like @DeutscheBank Dama 2 by @Memento_Bc.Our Incorruptible Financial Infrastructure enables the privacy, performance and connectivity that institutions need to thrive in the digital assets economy.Ethereum Foundation (@ethereumfndn):1/ Now live: the Ethereum for Institutions siteEthereum is the neutral, sec ...

Hut 8 (HUT) stock has gone ballistic in the last 12 months, with returns of over 200% during the period. The upside has been backed by strong fundamental developments that include the company’s growth in EBITDA and expansion plans for the energy infrastructure segment. More News from Barchart The big rally has, however, not been a deterrent for fresh exposure in the energy infrastructure and Bitcoin (BTCUSD) mining company. According to Schedule 13Gs filed on Oct. 23, Jane Street reported beneficial own ...

Core Insights - Grayscale Investments launched its Solana Trust ETF (GSOL) on NYSE Arca, marking the first of its staking products to list under new SEC-approved standards, intensifying competition in the Solana ETF market [1][2] - The launch expands Grayscale's digital asset offerings beyond Bitcoin and Ethereum, providing investors with exposure to Solana's proof-of-stake blockchain [2] - GSOL has a 0.35% expense ratio and holds 525,387 SOL tokens, with 74.89% currently staked to generate network rewards, potentially adding 5-6% annual returns based on historical staking yields [3] Company and Product Details - GSOL is the third Solana ETF trading on U.S. exchanges, joining Bitwise's BSOL and Rex-Osprey's SSK [2] - Grayscale plans to pass on 77% of all staking rewards to investors on a net basis, enhancing the attractiveness of the product [3] - The product is not registered under the Investment Company Act of 1940, which means it lacks the regulatory protections typical of traditional ETFs and mutual funds [4] Market Context - Bitwise's Solana ETF (BSOL) captured $69.5 million in first-day inflows, significantly outperforming Rex-Osprey's SSK, which raised $12 million [6] - BSOL stakes 100% of its held SOL tokens in-house, charging a 0.20% management fee, which is waived for the first three months [6] - Institutional interest in Solana is attributed to its leadership in on-chain revenue, highlighting the appeal of ETFs among institutional investors [6][7]

Crypto infrastructure firm Taurus opens first US office as digital assets 'move into mainstream adoption' https://t.co/sWcIebxPyX ...