Core Insights - Nasdaq has partnered with Talos to integrate digital asset infrastructure with Nasdaq's Calypso and Trade Surveillance platforms, aiming to enhance the management of tokenized collateral in institutional markets [2][3] Group 1: Partnership Details - The collaboration addresses structural barriers that hinder the adoption of tokenized collateral, particularly the integration of digital assets into existing risk management and collateral workflows [2] - The partnership aims to provide institutions with the infrastructure necessary to manage tokenized collateral with the same rigor as traditional asset classes [7] Group 2: Market Impact - Nasdaq's research indicates that 25% of collateral is currently immobilized in non-interest-bearing measures, amounting to over $35 billion in excess collateral [3] - The partnership is expected to solve the challenge of managing exposure across markets with a unified risk and asset perspective, enhancing liquidity, transparency, and integrity in regulated markets [7] Group 3: Broader Context of Tokenization - Tokenized collateral represents traditional financial assets on distributed ledger technology, facilitating real-time mobility of securities and cash equivalents across platforms and jurisdictions [3] - The evolution of tokenization is seen as a structural layer that allows commerce to proceed without visible checkouts, enhancing transaction security by replacing sensitive data with secure credentials [8][9]

Key Takeaways Pagaya targets 2026 growth via embedded credit, POS expansion, and new partner onboarding ramp.PGY saw POS and auto hit record mix, with volumes up 53% and 114% y/y.Pagaya expects revenue to outpace volume as multiproduct use lifts monetization and partner economics.Pagaya Technologies (PGY) is positioned at the intersection of embedded credit adoption and point-of-sale (POS) financing. These secular tailwinds are helping expand use cases beyond the platform’s personal-loan roots, while manage ...

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. As they begin to integrate AI further into their systems and teams, the perspective around the technology among CFOs is also beginning to shift. Gone are the early days of experimentation and testing: today, the “smart, strategic CFO” is thinking about how they can tap AI to solve key challenges, Tabs CEO and co-founder Ali Hussain said. For instance, one of the prioriti ...

Core Insights - Deloitte Canada and Stablecorp have partnered to create the first stablecoin infrastructure for the Canadian market, aimed at benefiting financial institutions across Canada [1][2] - The initiative is aligned with the upcoming stablecoin legislation (Bill C-15) from the Canadian federal government, which is expected to establish guidelines for stablecoin use and adoption [2][3] Group 1: Stablecoin Infrastructure - The collaboration aims to leverage Deloitte's expertise in payments and financial services alongside Stablecorp's digital asset infrastructure [3] - The stablecoin infrastructure is expected to enhance blockchain technology, improving the speed, reliability, and traceability of financial transactions both domestically and internationally [3] Group 2: Market Potential - There is a growing interest in stablecoins pegged to the Canadian dollar, known as the "loonie," indicating a potential shift in the local cryptocurrency landscape [3] - Stablecoins are recognized as one of the fastest-growing segments in the cryptocurrency market, with a global market capitalization of $316 billion as of March 2026 [4]

Core Viewpoint - The Portnoy Law Firm has initiated an investigation into Upstart Holdings, Inc. for possible securities fraud, potentially leading to a class action lawsuit on behalf of investors [1][2]. Group 1: Stock Performance and Investor Impact - Upstart's stock price experienced a significant decline following the company's disclosure on November 5, 2025, which revealed that it had missed third-quarter financial expectations [3]. - The sharp market contraction was primarily driven by an internal operational shift related to Upstart's proprietary technology, leading to investor injuries [3]. - The decline in stock value was exacerbated by the revelation that the "Model 22 underwriting system" contributed to disappointing quarterly performance, resulting in reduced borrower approvals and conversion rates [4]. Group 2: Operational Issues - Management's admission that the core underwriting engine was producing lower throughput led to a loss of investor confidence and a rapid erosion of shareholder value [4]. - The implementation of the new underwriting model effectively tightened the company's lending volume and revenue potential, further impacting financial performance [4]. Group 3: Legal Actions - Investors are encouraged to contact the Portnoy Law Firm to discuss their legal rights and options for pursuing claims to recover losses incurred due to the company's actions [2][5]. - The Portnoy Law Firm has a history of recovering over $5.5 billion for aggrieved investors, indicating a strong track record in handling such cases [5].

Core Insights - Venmo has announced a significant expansion that allows its users to send and receive money globally through PayPal, marking the largest increase in Venmo's addressable market since its launch [1][2]. Expansion and Connectivity - The new integration enables Venmo users to connect with hundreds of millions of PayPal users across 90 markets, enhancing the peer-to-peer payment experience [1][3]. - Users can now transfer money using just a phone number, eliminating the need for complex account details or routing numbers, which simplifies international transactions [3][4]. User Experience and Features - The integration maintains Venmo's user-friendly interface, allowing users to send money to PayPal users both domestically and internationally without added complexity [4][5]. - Venmo is waiving international fees for a limited time to encourage users to explore the new global payment capabilities [5][12]. Market Demand and User Behavior - A survey commissioned by Venmo revealed that 59% of payment app users would stop using other apps if one allowed seamless global transactions, indicating a strong demand for integrated payment solutions [5][15]. - Nearly half (49%) of users have had to switch apps to pay someone back, highlighting the challenges posed by fragmented payment systems [6][8]. Demographics and Trends - Gen Z users are particularly inclined to send money internationally, with 42% doing so at least once a month, showcasing a growing trend in cross-border financial interactions [15]. - The survey also indicated that 82% of users believe using the same payment platform would facilitate faster and easier financial support across generations [15].

Core Insights - Nasdaq and Talos have formed a partnership to integrate Talos' digital asset infrastructure with Nasdaq's Calypso and Trade Surveillance platforms, aiming to create a unified solution for managing tokenized collateral [1][4] - The integration addresses barriers to the adoption of tokenized collateral in institutional markets, particularly the challenges of incorporating digital assets into existing risk management and collateral workflows [1][2] Group 1: Tokenized Collateral - Tokenized collateral represents traditional financial assets on distributed ledger technology, facilitating real-time mobility of securities and cash equivalents across platforms, unlocking trapped capital and enhancing operational efficiency [2] - A Nasdaq report indicates that 25% of collateral is currently immobilized in non-interest-bearing measures, amounting to over $35 billion in excess collateral, highlighting the need for infrastructure to manage tokenized collateral effectively [2] Group 2: Integration Benefits - Talos provides institutional-grade digital asset capabilities, while Nasdaq Calypso is a leading platform for managing risk and collateral across mainstream asset classes, allowing for integrated management of on- and off-chain collateral workflows [3] - The partnership aims to enhance institutional connectivity to marketplaces and custodians, facilitating a more cohesive operational environment for market participants [3] Group 3: Market Integrity and Compliance - The partnership will enable Talos clients to access Nasdaq Trade Surveillance, which detects potential market abuse across both mainstream and digital asset markets, ensuring institutional-grade oversight [6][8] - Clients will benefit from sophisticated detection alerts for suspicious trading patterns, which are essential for maintaining market integrity as digital assets grow [7][8]

Financial Data and Key Metrics Changes - Revenues for the third quarter of fiscal 2026 were approximately $94,000, a decrease from approximately $153,000 in the same quarter of fiscal 2025, primarily due to a decrease in funding portal fees [3] - The company reported an operating loss of approximately $2.2 million compared to an operating loss of approximately $1.7 million for the third quarter of fiscal 2025 [4] - Loss per share was $0.32, an improvement from a loss per share of $1.57 in the third quarter of fiscal 2025 [4] - As of January 31, 2026, cash and cash equivalents stood at approximately $715,000 [4] Business Line Data and Key Metrics Changes - The funding portal is described as a technology business with a largely fixed cost structure, indicating that higher volume can lead to attractive incremental margins [5] - The company signed four new broker-dealer clients during the third quarter, indicating growth in its business lines [8] Market Data and Key Metrics Changes - The company is expanding into blockchain-enabled solutions, which is seen as a natural extension of its business [6][7] - The engagement with PureWave Hydrogen for tokenized asset issuance is viewed as a significant milestone, potentially leading to revenue-generating projects [9] Company Strategy and Development Direction - The company is focused on strengthening its technology foundation, improving operational efficiency, and supporting initiatives for future growth [5] - Strategic investments are being made to grow platform volume and leverage the broker-dealer to expand transaction opportunities [6] - The company aims to create a more efficient and accessible marketplace for issuers and investors while ensuring regulatory compliance [9] - The acquisition of Iverson Design's assets is expected to enhance in-house creative and product capabilities, crucial for the adoption of tokenization [10] Management's Comments on Operating Environment and Future Outlook - The CEO expressed confidence in the company's value proposition to help small businesses with financing needs and emphasized the importance of achieving sufficient scale for the underlying economics of the business model [5][6] - Management acknowledged that the company is still in a transition period, with the potential for future growth as the platform evolves [6] Other Important Information - The company is developing a proprietary application to streamline SEC EDGAR filings, which is expected to improve filing efficiency for issuers [12] - Marketing automation tools have been implemented to enhance communication and support scalable operations as the business grows [12] Q&A Session Summary - The conference call did not include a Q&A session, as the operator concluded the call without opening the floor for questions [15]

Financial Data and Key Metrics Changes - The company reported revenues of approximately $94,000 for the third quarter of fiscal 2026, a decrease from approximately $153,000 during the same period in fiscal 2025, primarily due to a decrease in funding portal fees [3] - An operating loss of approximately $2.2 million was reported, compared to an operating loss of approximately $1.7 million for the third quarter of fiscal 2025 [4] - The loss per share was $0.32, an improvement from a loss per share of $1.57 for the third quarter of fiscal 2025 [4] - As of January 31, 2026, the company had cash and cash equivalents of approximately $715,000 [4] Business Line Data and Key Metrics Changes - The company is focusing on strengthening its technology foundation and improving operational efficiency, which are expected to support future growth [5] - The funding portal is described as a technology business with a largely fixed cost structure, indicating that higher volume can lead to attractive incremental margins [5] Market Data and Key Metrics Changes - The company is expanding into blockchain-enabled solutions, which is seen as a natural extension of its business model [6] - The engagement with PureWave Hydrogen for tokenized asset issuance is viewed as a significant milestone, potentially leading to the first revenue-generating real-world asset tokenization project [9] Company Strategy and Development Direction - The company aims to create a more efficient and accessible marketplace for issuers and investors while ensuring regulatory compliance [9] - Strategic investments are being made to enhance infrastructure and grow platform volume, leveraging the broker-dealer to expand transaction opportunities [6] - The acquisition of Iverson Design's assets is expected to enhance in-house creative and product capabilities, crucial for the adoption of tokenization [10] Management's Comments on Operating Environment and Future Outlook - The CEO expressed confidence in the company's value proposition and emphasized the importance of achieving sufficient scale to realize the underlying economics of the business model [6] - The company is still in a transition period, with ongoing efforts to integrate blockchain-based assets into existing systems and regulatory workflows [11] Other Important Information - The company has developed a proprietary application to streamline SEC EDGAR filings, which is expected to improve filing efficiency for issuers [12] - Marketing automation tools have been implemented to enhance communication efforts and support scalable operations as the business grows [12] Q&A Session Summary - No specific questions or answers were provided in the content, indicating that the call concluded without a Q&A segment.

Core Viewpoint - Perpetuals.com Ltd is set to participate in the Emerging Growth Conference on April 1, 2026, where CEO Patrick Gruhn will present and answer investor questions, highlighting the company's advancements in AI-powered financial services [1]. Company Overview - Perpetuals.com Ltd (NASDAQ:PDC) is a financial technology company that integrates blockchain infrastructure and artificial intelligence to innovate digital asset trading [2]. - The company operates Kronos X, a proprietary multi-asset exchange platform and blockchain-based settlement solution that complies with European regulations such as MiFID II, MiCA, DORA, and EMIR [2]. - Perpetuals.com provides financial market infrastructure as a service from Equinix FR2 in Frankfurt, Germany, enabling 24/7 trading of crypto spot, derivatives, tokenized securities, and structured products [2]. - The company utilizes machine learning to analyze millions of retail trade transactions, developing AI-powered risk intelligence for real-time trading pattern analysis [2].