Japan’s JPYC Inc. has launched the world’s first fully regulated yen-pegged stablecoin. | Credit: Getty Images. Key Takeaways Japanese firm JYPC launched the first regulated yen-pegged stablecoin. The peg is fully guaranteed by yen bank deposits and Japanese Government Bonds (JGBs). The launch of the yen stablecoin could dramatically impact the Asian FX market. Tokyo-based fintech JPYC Inc. has launched JPYC, Japan’s—and the world’s—first fully regulated yen-pegged stablecoin, marking a milestone mo ...

RT Brickken (@Brickken)After Singapore… Brickken is heading to New York!We’re proud to join SmartCon by @Chainlink as a Bronze sponsor. The flagship event of New York Blockchain Week, where institutions, finance, and Web3 converge to shape the future of digital financeWe’ll be on stage to showcase our latest advancements and unveil our roadmap leading into 2026, an announcement not to be missed.After the success of Token2049 Singapore, Brickken continues to push forward.Next stop: New York City.November 4–5 ...

Company Overview - Seun Sodipo has been appointed as the new Chief Financial Officer (CFO) of Plaid, a fintech startup that connects financial institutions, succeeding Eric Hart [1][3] - Sodipo has a strong background in guiding high-growth businesses, having previously served as CFO at Glossier and held key roles at Stripe, Centerview Partners, Helios Investment Partners, and Insignia Capital Group [3] Recent Developments - In April, Plaid completed a $575 million funding round led by Franklin Templeton, valuing the company at approximately $6.1 billion, despite a drop from its peak valuation of $13.4 billion in 2021 [4][5] - The funding round included a tender offer, allowing investors to purchase existing shares and providing liquidity to Plaid employees, addressing tax obligations tied to expiring stock units [4] Strategic Focus - Plaid aims to expand beyond core data infrastructure into a broader suite of intelligence services, including products in identity, payments, credit, and fraud [5] - Sodipo's priorities as CFO include driving sustainable, long-term growth, investing in areas of strong customer demand, and enhancing data and analytics capabilities [7] - The company is positioned to support the next era of digital finance, with over half of Americans with bank accounts having used Plaid to connect to apps or services [7]

Core Insights - The second National College Digital Finance Case Competition concluded on October 19, focusing on "Digital Financial Innovation Future" as its core theme, aimed at promoting cutting-edge research in digital finance and providing a platform for youth to showcase innovations [1][2] Group 1: Competition Overview - The competition featured four thematic directions: "Application of AI Large Models," "Blockchain Empowering Digital Finance," "Realization of Financial Value of Data Assets," and "Digital Finance Empowering Inclusive Finance," attracting 445 teams from 173 universities with a total of 1262 participants [1] - The first prize was awarded to Renmin University of China for their case on "The Confirmation and Registration of China Unicom's Data Resources: Challenges and Solutions" [1] - Second prizes were awarded to Shanghai Jiao Tong University, Southwestern University of Finance and Economics, and Xiamen University for their respective cases on AI in equity investment knowledge management, digital inclusive finance, and data-driven production capabilities [1] Group 2: Educational Insights - The competition serves as a platform for financial technology innovation and aims to enhance the digital literacy of youth, encouraging them to embrace technologies like AI and big data [2] - The traditional financial talent training system faces challenges due to the impact of new technologies, necessitating a shift towards research-oriented and innovative education [2] - The event is supported by the National Financial Professional Degree Graduate Education Guidance Committee and the Shanghai Municipal Financial Committee, with Shanghai Jiao Tong University as the main organizer [2]

Financial Data and Key Metrics Changes - The company reported quarterly earnings per share of $2.78, a 23% increase year-over-year [4][13] - Total revenue increased by 9% year-over-year to approximately $3.5 billion, with fee revenue growth of nearly 12% [13][14] - Pre-tax margin expanded approximately 270 basis points to 31%, and return on tangible common equity was approximately 160 basis points higher at 21% compared to the previous year [15][24] Business Line Data and Key Metrics Changes - In investment services, servicing fees grew by 7% year-over-year, with assets under custody and administration (AUCA) reaching a record $51.7 trillion, a 10% increase [14][16] - Management fees increased 16% year-over-year to a record $612 million, supported by higher average market levels and net inflows, with assets under management (AUM) climbing to a record $5.4 trillion [17][18] - FX trading services and securities finance revenues collectively increased by 17% year-over-year [14] Market Data and Key Metrics Changes - The company achieved nearly $50 million in servicing fee revenue wins in the quarter, bringing the year-to-date total to approximately $250 million [16] - Net inflows totaled $26 billion for the quarter, reflecting solid momentum across ETFs, cash, and institutional index fixed income [17] Company Strategy and Development Direction - The company is focused on advancing product innovation and enhancing capabilities to better serve clients, with strategic initiatives launched in the third quarter [5][6] - A strategic partnership with Apex Fintech Solutions aims to expand wealth services offerings through digital custody and clearing solutions [7][16] - The company is strategically positioning itself to bridge traditional and digital finance, with a forthcoming launch of a digital asset platform [6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting strong business momentum and the effectiveness of their strategy [11][12] - The company expects total fee revenue growth in the range of 8.5% to 9% for 2025, an improvement from previous guidance [25] - Management noted that net interest income (NII) is expected to improve in the fourth quarter, driven by stable deposit levels and other non-rate-related tailwinds [34][40] Other Important Information - The company returned nearly $1.5 billion in capital to shareholders year-to-date, including $637 million in the third quarter [10][24] - The quarterly common stock dividend was increased by 11% to $0.84 [10][24] Q&A Session Summary Question: Thoughts on balance sheet management and operating dynamics - Management emphasized the importance of partnering with the team to drive execution and profitability, noting strong deposit flows and solid trends in the balance sheet [30][33] Question: Expectations for net interest income (NII) improvement - Management indicated that NII is expected to rise due to stable deposit levels and the reinvestment of cash flows at higher rates [34][35] Question: Insights on State Street's underperformance compared to peers - Management highlighted the underappreciated fee-based growth and the strategic overlap of their markets business with investment management [48][50] Question: Update on fee trajectory and installation cycle - Management reported a significant increase in backlog and expressed confidence in the installation cycle, with a healthy mix of back office and private market opportunities [55][58] Question: Flexibility in managing expenses and operating leverage - Management confirmed the ability to pull discretionary levers to maintain positive operating leverage, even in a downturn [70][72] Question: Capital management and potential for larger acquisitions - Management reiterated a disciplined approach to M&A, focusing on organic growth capabilities while remaining open to strategic opportunities [77][78]

Financial Data and Key Metrics Changes - The company reported quarterly earnings per share of $2.78, an increase of 23% year over year [6] - Total revenue increased by 9% year over year to approximately $3.5 billion, with fee revenue growth of nearly 12% excluding notable items [16] - Pre-tax margin expanded to 31%, and return on tangible common equity was 21%, up 160 basis points year over year [17] Business Line Data and Key Metrics Changes - Servicing fees increased by 7% year over year, driven by higher average market levels and net new business [17] - Management fees rose by 16% year over year to a record $612 million, supported by higher average market levels and net inflows [19] - Securities finance revenues increased by 19% year over year, driven by robust balance growth across both Agency Lending and Prime Services [22] Market Data and Key Metrics Changes - Assets under management (AUM) reached a record $5.4 trillion, up 15% year over year [19] - The company ended the quarter with a record $51.7 trillion in assets under custody and administration (AUCA), increasing by 10% year over year [17] - FX trading revenue increased by 16% year over year, with client volumes up 11% [21] Company Strategy and Development Direction - The company is focused on product innovation and enhancing capabilities to better serve clients, with strategic initiatives launched in the third quarter [7] - A strategic partnership with Apex Fintech Solutions aims to expand wealth services offerings, enhancing digital custody and clearing solutions [10] - The company is positioning itself as a bridge between traditional and digital finance, with plans to launch a digital asset platform [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting strong deposit flows and expectations for net interest income (NII) to improve in the fourth quarter [36] - The company anticipates total fee revenue growth in the range of 8.5% to 9% for 2025, an improvement from previous guidance [27] - Management emphasized the importance of ongoing productivity initiatives and technology investments to support future growth [25] Other Important Information - The company returned nearly $1.5 billion in capital to shareholders year to date, including $637 million in the third quarter [13] - The quarterly common stock dividend was increased by 11% to $0.84 [13] - The standardized CET1 ratio was 11.3% at quarter end, reflecting capital generated from earnings [26] Q&A Session Summary Question: Thoughts on balance sheet management and operating dynamics - Management is focused on driving execution and profitability, with opportunities for optimization in balance sheet management [31][34] Question: Expectations for net interest income (NII) improvement - NII is expected to improve due to stable deposit levels and non-rate related tailwinds, including the reinvestment of cash flows at higher rates [37][40] Question: Insights on institutional outflows and aspirations outside core footprint - Flows were positive, but there were some outflows from institutional clients. The company is broadening its active management footprint selectively [51][54] Question: Underperformance of State Street stock compared to peers - Management believes the fee-based tailwinds and core growth opportunities are underappreciated, with a focus on improving shareholder value [60][62] Question: Flexibility in expense management and operating leverage - Management has discretionary levers to maintain positive operating leverage, even in a downturn, while continuing to invest strategically [90][93]

Web3 & iGaming Event - Bitget's COO shared insights on Web3 innovation and the future of digital finance at the Adriatic Web3 & iGaming Awards [1] - Bitget brought its signature spark to the Adriatic event [1] Company Activity - Bitget participated in the Adriatic Web3 & iGaming Awards [1]

Government & Regulation - Pakistan's Minister of State for Blockchain & Crypto Bilal Bin Saqib to speak at Bitcoin MENA [1] - Pakistan has the potential to become a regional leader in digital finance [1]

Overview - The company focuses on providing "invisible rails" for payments, bridging fiat and stablecoins globally [1] - The company emphasizes a compliance-first infrastructure for digital finance [1] Event - An AMA (Ask Me Anything) session with @OwlTing is scheduled for October 17th at 2 PM GMT [1] - The AMA will explore OwlTing's Nasdaq milestone, cross-border payouts, and global on/off ramp solutions [1]

Core Viewpoint - K Wave Media (KWM) is restructuring its capital by contributing 6.24 million shares and lending an additional 1.55 million shares to its treasury, totaling approximately $25 million, to strengthen its long-term growth foundation [1] Group 1: Financial Restructuring - The company is undergoing financial restructuring following the confirmation of an investment from Galaxy Digital, which will accelerate the implementation of its core growth strategy, including the K-IP STO platform and BTC treasury plan [2] - The K-IP STO platform aims to tokenize profit rights of content IP, allowing global participation in production and profit sharing through automated smart contracts [2][3] Group 2: Strategic Initiatives - KWM's K-IP STO platform was a key factor in Galaxy Digital's investment, which aims to support KWM with asset management and strategic guidance [3] - The company plans to utilize the donated and loaned shares for increasing corporate value, including the K-IP STO platform, BTC purchases, strategic M&A, and debt reduction [5] Group 3: Impact on Profit Structure - The K-IP STO platform is expected to fundamentally change the profit structure and risk management for entertainment companies, marking a significant turning point for KWM's fundamentals [4] - The company anticipates improvements in EPS, reduction in overhang risk, and stabilization in share prices due to the reduction in outstanding shares [5]