Financial Performance and Key Metrics - The group reported a statutory profit after tax of £3.3 billion with a return on tangible equity (RoTE) of 11.9% for the year to date, which would be 14.6% excluding the motor provision [8][26] - Year-to-date net income reached £13.6 billion, a 6% increase compared to the previous year, driven by growth in net interest income and a 9% rise in other operating income [9][18] - Operating costs increased by 3% year-on-year to £7.2 billion, in line with expectations, while the asset quality ratio improved to approximately 20 basis points for the full year [10][25] Business Line Performance - Group lending balances increased by £18 billion or 4% year-to-date, with retail lending growing by £5.1 billion, primarily due to a rise in the mortgage book [12][13] - Deposits grew by £14 billion or 3% year-to-date, with a £2.8 billion increase in Q3, driven by retail and commercial sectors [14] - Other operating income for the year to date was £4.5 billion, up 9% year-on-year, with significant contributions from motor and LPG investments [18][19] Market Data and Key Metrics - The net interest margin (NIM) for Q3 was 3.06%, reflecting a gradual increase, and is expected to continue growing into 2026 [9][40] - The group anticipates net interest income for the full year to be around £13.6 billion, slightly above previous guidance [17][43] - The asset quality remains strong, with low levels of new arrears and a year-to-date impairment charge of £618 million [25][26] Company Strategy and Industry Competition - The full acquisition of Schroders Personal Wealth, now rebranded as Lloyds Wealth, aims to enhance the group's wealth management capabilities and customer propositions [6][52] - The company is advancing its digital asset strategy, including partnerships for tokenized deposits and FX derivatives, which are expected to drive customer opportunities [7][59] - The management remains confident in achieving its 2026 targets, including a RoTE exceeding 15% and capital generation above 200 basis points [88] Management Commentary on Operating Environment and Future Outlook - Management expressed disappointment regarding the additional £800 million charge related to motor commissions but remains confident in the underlying business performance [4][31] - The company expects continued growth in net interest income and margin despite headwinds from mortgage refinancing [74] - The management highlighted the importance of maintaining cost discipline while driving income growth and capital generation [21][31] Other Important Information - The total provision for potential motor commission remediation costs has reached £1.95 billion, reflecting the adverse outcomes anticipated from FCA proposals [23][68] - The company is focused on integrating the newly acquired wealth management business and enhancing customer propositions [55] Q&A Session Summary Question: Sensitivity around motor finance provision - Management indicated that the current provision of £1.95 billion is based on scenario analysis and reflects the adverse end of expected outcomes from FCA proposals [36][37] Question: Expectations for net interest margin (NIM) growth - Management confirmed expectations for NIM to increase in Q4, driven by structural hedge contributions, and anticipates continued growth into 2026 [40][41] Question: Wealth management strategy and inorganic expansion - Management expressed satisfaction with the acquisition of Lloyds Wealth and emphasized focusing on organic growth rather than inorganic expansion at this stage [51][55] Question: Nonbanking funding costs and trends in other operating income - Management reported that nonbanking net interest income is running about 10% ahead of last year, driven primarily by volume growth rather than rate increases [96][98]

Kazakhstan has launched Alem Crypto Fund as its first national crypto reserve, selecting BNB as the initial digital asset through a strategic partnership with Binance Kazakhstan. The fund was established by the Ministry of Artificial Intelligence and Digital Development, managed by Qazaqstan Venture Group, and registered within the Astana International Financial Centre ecosystem. BNB Takes Center Stage in Kazakhstan’s Digital Asset Strategy Deputy Prime Minister Zhaslan Madiyev stated the fund aims to b ...

Circle IPO did a 5x on launch.XPL is the biggest token of the year.Cloudflare CEO announced their stablecoin this week.USDH went live this past week.ZeroHash just raised $104M to build a stablecoin.USAT announced by Tether this month.Stripe is rumored to be launching a stablecoin early next year.MegaETH announced their USDm stablecoin.Korean Won stablecoin is coming on Avalanche.GENIUS act passed over summer and US Treasury Secretary Bessent is aiming for $3T total stablecoin supply by 2028.The demand for s ...

Core Insights - ULTRA, Avalanche's tokenized U.S. Treasury fund, aims to enhance the usability of digital dollars by converting traditional U.S. Treasury securities into digital tokens for easier trading and settlement [1] - The stablecoin market, valued at approximately $280 billion, has set a precedent for tokenized assets, prompting asset managers to seek money market exposure [2] - A favorable regulatory environment, including the GENIUS Act, has accelerated interest in digital asset strategies among enterprises and institutions, leading to a sense of urgency in the market [3] Tokenization and Institutional Adoption - Recent institutional investments in tokenized assets on Avalanche, such as SkyBridge's deployment of around $300 million, highlight the growing trend of moving funds on-chain [4] - Asset managers are increasingly inclined to tokenize assets on public networks, which reduces operational friction and allows for lower investment minimums, thereby broadening the investor base [5] - Grove Finance's deployment of $250 million in real-world assets on Avalanche indicates a strategic preference for Avalanche over Ethereum, attributed to its unique infrastructure that supports interoperability [6]

01 Quantum Along with qLABS and DeFi Development Corp to Host Crypto Treasury Summit at TOKEN2049 SingaporeSeptember 22, 2025 8:00 AM EDT | Source: 01 Quantum Inc.Toronto, Ontario--(Newsfile Corp. - September 22, 2025) - 01 Quantum Inc. (TSXV: ONE) (OTCQB: OONEF) ("01 Quantum"), one of the first-to-market, enterprise level cybersecurity provider for the quantum computing era, announces that Andrew Cheung, CEO, will be presenting at a TOKEN2049 side-event in Singapore on September 30, 2025. The ...

Core Viewpoint - Reborn Coffee Inc. plans to pilot cryptocurrency payment capabilities in select Southern California locations in 2025 as part of its digital asset strategy [1][2][3] Group 1: Digital Asset Strategy - The pilot program will allow customers to complete transactions using cryptocurrency alongside traditional payment methods [2] - The initiative is the second phase of the company's digital asset strategy, which aims to integrate blockchain-based tools and payment technologies into retail operations [1][3] Group 2: Operational Focus - The pilot will focus on operational integration, transaction flow, and customer engagement to evaluate customer response to crypto payments in a retail setting [2] - The company emphasizes that the scope, timing, and outcome of the pilot program may change based on market conditions, regulatory requirements, and technical integration [2] Group 3: Company Background - Reborn Coffee, Inc. is a California-based specialty coffee retailer known for high-quality, handcrafted coffee experiences and a commitment to innovation [4]

Core Insights - Vemanti Group has reached an agreement to acquire the remaining 49% equity interest in XPLOR Technology, which will bring its ownership of ONUS Pro to 100% [1] - The acquisition is expected to enhance Vemanti's operational control and strategic alignment as it prepares for a NASDAQ uplisting [1] - ONUS Pro is experiencing strong growth, prompting Vemanti to raise its 2025 revenue forecast above the previously estimated $30 million [2] Company Developments - Vemanti is engaging in strategic partnership discussions with xBank to explore integration opportunities that combine traditional banking services with blockchain technology [3] - The collaboration aims to provide financial solutions for small- and medium-sized enterprises (SMEs) and retail clients [3] - Vemanti is evaluating regulatory pathways under the GENIUS Act to support its USD-backed stablecoin initiative, USDV, which could facilitate compliant cross-border payment solutions [4] Strategic Vision - The company believes in the convergence of traditional finance and digital assets, positioning itself at the intersection of innovation and regulatory clarity [5] - This strategic alignment is expected to enhance the utility of ONUS Pro and USDV across both fiat and digital ecosystems [5] Company Background - Vemanti Group is a diversified technology holding company focused on emerging markets in Southeast Asia, operating in various sectors of digital financial services [5] - The company seeks growth through strategic partnerships, joint ventures, and mergers and acquisitions to expand its market reach [5] XPLOR and ONUS Pro Overview - XPLOR Technology is a Singapore-based holding company focused on next-generation financial technology ventures [6] - ONUS Pro, a leading cryptocurrency exchange in Southeast Asia, offers a comprehensive ecosystem for trading digital assets, with access to over 600 assets [7]