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Bakkt Files Post-Effective Amendments to Form S-3 Registration Statements Following Corporate Reorganization
Globenewswire· 2025-12-10 21:40
Core Points - Bakkt Holdings, Inc. has filed post-effective amendments to its registration statements on Form S-3 with the SEC, including a shelf registration statement originally filed in June 2025 [1] - The amendments were prompted by the company's transition from an umbrella partnership-C corporation structure to a single class of common stock, with no additional securities being registered [1] - The SEC has not yet declared the registration statements effective, and the press release does not constitute an offer to sell or solicit an offer to buy any securities [2] Company Overview - Bakkt, founded in 2018, is focused on building next-generation financial infrastructure, providing solutions for institutional participation in the digital asset economy, including Bitcoin, tokenization, stablecoin payments, and AI-driven finance [3] - The company emphasizes scale, security, and regulatory compliance, positioning itself at the center of a transformation in financial transactions and market operations [3] - Bakkt is headquartered in New York, NY [4]
Luxxfolio Announces Closing of First Tranche of Private Placement
Newsfile· 2025-12-09 11:00
Vancouver, British Columbia--(Newsfile Corp. - December 9, 2025) - LUXXFOLIO Holdings Inc. (CSE: LUXX) (OTCQB: LUXFF) (FSE: LUH0) (the "Company" or "Luxxfolio") is pleased to announce it has closed its first tranche of the previously announced non-brokered private placement of units in the capital of the Company (the "Units") for gross proceeds of $786,080 through the issuance of 4,624,000 Units at a price of $0.17 per Unit (the "Financing").Each Unit consists of one (1) common share of the Company (each, ...
Rezolve Ai Accelerates Global Stablecoin Payments Rollout to Power the Next Wave of Agentic Commerce
Globenewswire· 2025-12-03 13:00
More than $1B in stablecoin transactions processed as Rezolve extends payments capabilities across its growing enterprise customer base, accelerated by the addition of CrownpeakNEW YORK, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Rezolve Ai (NASDAQ: RZLV), the commerce-focused AI company powering conversational, agentic and intelligent transactions for major global enterprises, today announced the next phase of its stablecoin payments expansion following a year of exceptional commercial growth across Western markets ...
Exodus’ W3C Deal Adds Stability as Firm Builds Full Payments Stack: Benchmark
Yahoo Finance· 2025-11-25 13:50
Core Insights - Exodus Movement's acquisition of W3C Corp. for $175 million is a significant step towards establishing itself as the first self-custody wallet with a complete payments stack [1] - The deal is expected to enhance Exodus' revenue profile by introducing more stable fintech-style income, which will help mitigate the volatility associated with wallet and swap activities [2] Financial Impact - The W3C businesses are projected to generate between $35 million and $40 million in revenue for 2025, with profit margins ranging from 45% to 55%, contributing $20 million to $30 million to Exodus' gross profit in 2026 [3] - The acquisition is being financed through cash and borrowings from Galaxy Digital's credit line [3] Market Positioning - Monavate has issued approximately 5 million cards, and the combined platform has the potential to support up to 50 million cards, positioning Exodus for growth in mainstream payments [4] - The integration of Monavate's non-crypto client base with Baanx's crypto-native issuing capabilities is expected to serve as a growth engine for the combined business [4] Strategic Development - This acquisition follows Exodus' recent purchase of the Latin American stablecoin payments firm Grateful, which, along with W3C, is intended to create a comprehensive crypto payments ecosystem for consumers and merchants [5]
Luxxfolio Announces $1 Million Non-Brokered Private Placement
Newsfile· 2025-11-21 23:47
Group 1 - LUXXFOLIO Holdings Inc. announced a non-brokered private placement of up to 5,882,352 units at a price of $0.17 per unit, aiming for gross proceeds of up to $1,000,000 [1] - Each unit consists of one common share and one share purchase warrant, with the warrant allowing the purchase of an additional share at an exercise price of $0.35 for 24 months [1] - The company may pay finder's fees in accordance with applicable securities laws and the completion of the offering is subject to customary conditions and necessary approvals [2] Group 2 - The net proceeds from the offering will be used for general working capital and the development of Litecoin mining initiatives [2] - LUXXFOLIO is focused on enabling crypto-powered commerce and is developing on-chain technologies for real-world cryptocurrency use cases, including stablecoin payments and merchant processing [4] - The company has adopted a Litecoin treasury strategy as part of its long-term vision to accelerate mainstream adoption of cryptocurrency for everyday payments [4]
Paystand strengthens cross-border stablecoin payments with Bitwage acquisition
Yahoo Finance· 2025-11-10 13:28
Core Insights - Paystand has acquired Bitwage to enhance its business-to-business payments network by integrating stablecoin capabilities for cross-border payments [1][2] - The acquisition aims to facilitate enterprise-level settlement and improve liquidity management for corporate entities [2][4] Group 1: Acquisition Details - Paystand purchased Bitwage, which specializes in cross-border payments using stablecoins, serving over 90,000 payment recipients and 4,500 businesses [1] - The combined network has processed over $20 billion in payment volume for more than 1,000 enterprises [2] Group 2: Technological Integration - The integration will provide an API-driven payout engine supporting Tether (USDT), USD Coin (USDC), Ethereum (ETH), Bitcoin (BTC), and local currencies in around 200 nations [3] - This technology will enhance Paystand's accounts receivable and accounts payable network for quicker cross-border settlements [3] Group 3: Operational Benefits - The merger allows CFOs to move liquidity between corporate entities and regions within minutes, thanks to 24/7 stablecoin settlement [4] - The combined offering will streamline mass payouts, foreign-exchange handling, and vendor disbursements, unifying global order-to-cash and procure-to-pay workflows [5] Group 4: Market Positioning - Paystand aims to connect stablecoin rails to the $100 trillion B2B economy, providing faster settlement, lower costs, and programmable treasury solutions [6] - The integration of Bitwage's services will begin immediately for selected enterprise customers, with plans for gradual expansion [6]
Euronet Chooses Fireblocks to Support Cross-Border Stablecoin Payments
Globenewswire· 2025-10-16 13:00
Core Insights - Euronet has partnered with Fireblocks to enhance its global payments infrastructure by integrating stablecoin technology, which aims to optimize treasury operations and improve liquidity management [1][2][5] Company Overview - Euronet is a global leader in payments processing and cross-border transactions, operating in over 200 countries and territories with a wide range of services including money transfers, credit/debit processing, and ATMs [8][9] - The company supports a vast network with approximately 631,000 locations, 4.1 billion bank accounts, 3.2 billion digital wallet accounts, and 4.0 billion Visa debit cards [3][9] Technological Integration - The collaboration with Fireblocks allows Euronet to streamline its internal treasury operations and enhance support for cross-border payment use cases [2][4] - Fireblocks' secure infrastructure, including multi-party computation (MPC) technology, enables Euronet to secure wallets and automate operations, facilitating faster market entry [6][10] Future Developments - Euronet's roadmap includes expanding the use of stablecoin payments in remittances and real-time settlements, as well as integrating fiat currencies into stablecoin and tokenized assets [4][5] - The partnership is positioned to evolve the financial network to meet the future demands of interoperable, real-time global payments [7]
CZ’s YZi Labs Leads $50M Round for Stablecoin Payments Firm BPN
Yahoo Finance· 2025-10-16 08:16
Core Insights - YZi Labs has led a $50 million seed round in Better Payment Network (BPN), focusing on modernizing cross-border payments using stablecoins [1][3][8] Funding and Market Impact - The funding represents one of the largest early-stage rounds in the payments sector this year, indicating a significant investment in CeDeFi infrastructure for emerging markets [3][8] - BPN plans to utilize the $50 million to develop onchain liquidity pools and market-making systems for stablecoin transactions [4][8] Operational Model and Efficiency - BPN's model addresses inefficiencies in international payments by replacing traditional pre-funding methods with real-time stablecoin issuance, reducing settlement time from days to hours [5][8] - The company claims that transaction costs can decrease from approximately 2% to 0.3%, enhancing the affordability and speed of transactions [5] Product Offerings and Future Plans - BPN's multi-stablecoin liquidity model aims to provide a more inclusive alternative to USD-centric payment systems, facilitating transactions in various regions including Brazil, Nigeria, Mexico, and the Eurozone [6] - The startup intends to launch a DeFi FX market by the end of the year, supporting up to 20 regional stablecoins across Latin America, Africa, and Asia [7][8] Strategic Vision - Dana H., an Investment Partner at YZi Labs, describes BPN as a transformative solution for cross-border payments, emphasizing its potential for instant settlement, cost savings, and scalability [7]
Luxxfolio Appoints Leva Gugoa to Board
Newsfile· 2025-10-01 15:04
Core Insights - Luxxfolio Holdings Inc. has appointed Leva Guoga to its board of directors, enhancing its leadership team with expertise in digital assets and blockchain technology [1][2] - The company has granted 500,000 stock options to Ms. Guoga, which will vest over 24 months and are exercisable at $0.40 for a five-year term [3] - Luxxfolio focuses on developing and investing in on-chain technologies to support real-world cryptocurrency applications, including stablecoin payments and merchant processing [4] Company Overview - Luxxfolio is a digital infrastructure and technology company aimed at facilitating the next generation of crypto-powered commerce [4] - The company has adopted a Litecoin treasury strategy as part of its long-term vision to accelerate mainstream adoption of cryptocurrency for everyday payments [4] - Luxxfolio is actively involved in creating solutions for self-custody wallets and merchant processing, positioning itself within the growing digital asset ecosystem [4]
X @Solana
Solana· 2025-09-30 19:00
Industry Trend - Stablecoin payments are coming to Brex [1] - Solana will be integrated from the start [1]