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The Ledger
  • Kraken parent Payward agrees to buy Finland's Saldo Bank

    Kraken parent Payward agrees to buy Finland's Saldo Bank

    Funding and deals

    Kraken's parent, Payward, has agreed to buy Finland-based Saldo Bank, which would give it a licensed route into deposits and lending in Europe. The deal moves Payward from crypto trading toward balance-sheet banking, but price, timing and regulatory approval were not disclosed in the source report.

  • GFH Bank Backs Grid Fund in US and Europe

    GFH Bank Backs Grid Fund in US and Europe

    Funding and deals

    GFH Bank is reported by AGBI to have raised capital through a sharia-compliant vehicle, the Power Systems Opportunities Fund, for grid expansion and modernisation in North America and Europe. The fund is linked to MacLean Power Systems and H&MV Engineering. No size, investors or valuation appears in the reporting, so the scale of the commitment remains unconfirmed.

  • Witt Exits White House Crypto Post as Clarity Act Stalls

    Witt Exits White House Crypto Post as Clarity Act Stalls

    Regulation and compliance

    Patrick Witt's exit leaves the White House without a named lead on the Clarity Act just as the Senate bill sits stalled over stablecoin rewards and ethics rules. For payments and stablecoin businesses, it signals slower US market-structure rules, since no successor has been named and the bill failed a Senate procedural vote.

  • Standard Chartered Moves $2T Stablecoin Target to 2030

    Standard Chartered Moves $2T Stablecoin Target to 2030

    Crypto, stablecoins and digital assets

    Standard Chartered has not abandoned its $2 trillion stablecoin forecast; it has moved the date to 2030 from 2028 because supply has stayed between $300 billion and $320 billion for 12 months. Geoffrey Kendrick calls the stall cyclical, tied to weak crypto activity, while GENIUS Act rules and bank-backed rivals loom.

  • Altcoins Lead Crypto Lower as Bitcoin Holds Near $81,000

    Altcoins Lead Crypto Lower as Bitcoin Holds Near $81,000

    Markets

    Altcoins fell harder than bitcoin on 15 October 2026, according to CoinDesk: the CoinDesk 80 index lost 2.2% while Bitcoin traded about 0.5% lower since midnight UTC, near $81,200. CoinDesk linked the move to a Kospi sell-off and rate-hike worries; those drivers remain its reading, not established fact.

  • Mastercard folds BVNK stablecoin rails into one API

    Mastercard folds BVNK stablecoin rails into one API

    Payments and embedded finance

    Mastercard's new platform is best read as a plumbing decision: the card network is absorbing stablecoin infrastructure rather than competing with it. Finextra reports one API now spans Mastercard's payments capabilities and BVNK's stablecoin rails, after Mastercard completed the BVNK acquisition on August 3, 2026. Pricing, supported tokens and coverage remain undisclosed.

  • DeFi Development lifts CHAD preferred dividend to 14%

    DeFi Development lifts CHAD preferred dividend to 14%

    Funding and deals

    DeFi Development Corp. is raising the dividend on its CHAD preferred stock from 13% to 14%, effective November 2, 2026. On the $10 stated amount, the annual payout rises from $1.30 to $1.40 per share. The company says proceeds from future CHAD sales will grow its Solana treasury, so the higher rate coincides with its funding plan.

  • Wall Street stops waiting on Congress for crypto rules

    Wall Street stops waiting on Congress for crypto rules

    Regulation and compliance

    Wall Street is building crypto compliance around regulators rather than Congress. After the Senate failed to advance the CLARITY Act on September 15, the SEC issued a temporary, conditional innovation exemption on September 17 for onchain trading of tokenized stocks. Exemptions can be changed, so firms inherit regulatory risk a statute would not carry.

  • HKEX Targets Q4 2027 for Hong Kong T+1 Settlement

    HKEX Targets Q4 2027 for Hong Kong T+1 Settlement

    Regulation and compliance

    Hong Kong's T+1 move is a post-trade compression project: trading is unchanged, but clearing and settlement steps move earlier. HKEX's 17 April 2026 consultation targets the fourth quarter of 2027, subject to market readiness and regulatory approval. HKEX says Stock Connect Northbound keeps its existing timetable.

  • Multiliquid Raises $8M to Settle Tokenized Assets

    Multiliquid Raises $8M to Settle Tokenized Assets

    Funding and deals

    Multiliquid's $8 million raise, with Polychain leading the seed, is a bet that tokenized assets need a settlement layer more than another issuance product. The capital is modest, but it targets the exchange step between tokenized funds and stablecoins, where liquidity, not issuance, limits adoption.

  • White House Crypto Lead Exits as Clarity Act Stalls

    White House Crypto Lead Exits as Clarity Act Stalls

    Regulation and compliance

    The White House has no named crypto lead after Patrick Witt, head of its digital assets office, said he was leaving for the private sector, CoinDesk reports. The Clarity Act market-structure bill already failed a Senate floor vote, so the bill now has no named White House point person; no successor is announced and revival is speculation.

  • CBUAE Takes Its Governor and Banks to Bangkok

    CBUAE Takes Its Governor and Banks to Bangkok

    Banking, neobanks and open banking

    The Central Bank of the UAE is using the 2026 IMF-World Bank Annual Meetings in Bangkok to meet peer central banks and host UAE lenders. Governor Khaled Mohamed Balama leads the delegation, and a banks reception is set for 15 October. The reported praise for UAE resilience is qualitative; its weight depends on CBUAE and IMF data.

  • EBAday 2027 Fintech Zone Targets Proof-of-Concept Startups

    EBAday 2027 Fintech Zone Targets Proof-of-Concept Startups

    Payments and embedded finance

    EBAday's Fintech Zone is open for applications for the 15–16 June 2027 summit in Rome, and it admits only early-stage companies with working products or proof-of-concept solutions. That screens out pure concepts, but no deadline is stated, and an appearance is not evidence that any bank has adopted a participant's technology.

  • MSCI's final rules put crypto treasury firms on index

    MSCI's final rules put crypto treasury firms on index

    Funding and deals

    MSCI has finalized eligibility rules that could remove Strategy, Metaplanet and other crypto treasury firms from its indexes if they fail operating-asset and financial-ratio screens over their two most recent annual filing periods. The rules take effect at the November review, and MSCI is due to publish the affected list on Nov. 11.

  • Movere's AI payments launch: big coverage, no numbers

    Movere's AI payments launch: big coverage, no numbers

    Payments and embedded finance

    The Movere launch is a claim, not yet a rail: the London startup says one integration reaches 500+ payment methods in 100+ countries, but it discloses no volumes, pricing or licences. Founded by ex-Nuvei and Worldpay executives and funded by its founders, it must show authorization rates and settlement terms before merchants should treat it as infrastructure.

  • Iraq's $60bn war loss puts its financing on the clock

    Iraq's $60bn war loss puts its financing on the clock

    Banking, neobanks and open banking

    Iraq's reported $60 billion war loss is a banking and liquidity question as much as an oil one. Baghdad's foreign minister gave the estimate, per AGBI. With oil export revenue funding most of the state budget, and volumes now recovered, the open issue is how the remaining gap is financed.

  • Deutsche Bank runs Farsight AI on-premise for deal teams

    Deutsche Bank runs Farsight AI on-premise for deal teams

    Banking, neobanks and open banking

    Deutsche Bank has deployed Farsight's AI platform on-premise for its investment banking and capital markets teams in Europe and North America, per Finextra and IT Brief UK. The reports reviewed give no usage, cost or performance figures, so the business case is unproven; the verifiable news is the architecture, not the economics.

  • Finextra-ACI 'Payoff Year' survey: read method first

    Finextra-ACI 'Payoff Year' survey: read method first

    Payments and embedded finance

    Finextra and ACI Worldwide have released 'Payments 2030: The Payoff Year', a survey report for financial institutions planning to 2030, but the announcement discloses no findings, sample or method. Treat it as vendor-partnered research on stated intent until the full document is read and its methodology is checked.

  • Marqeta and Coinbase Link Stablecoins to Card Programs

    Marqeta and Coinbase Link Stablecoins to Card Programs

    Payments and embedded finance

    Marqeta's expanded Coinbase partnership, as reported by The Block, lets Marqeta business customers offer cards funded by stablecoin holdings, with Coinbase handling custody and conversion and Marqeta handling issuing. It is the third stablecoin-card tie-up Marqeta has announced since July 2026, so the competitive question shifts to conversion terms and compliance allocation.

  • Deposit Rates Slow Stablecoin Growth, a BIS Paper Finds

    Deposit Rates Slow Stablecoin Growth, a BIS Paper Finds

    Banking, neobanks and open banking

    Higher bank deposit rates are followed by slower stablecoin growth, but only partly, according to BIS Working Paper 1382. The BIS authors find stablecoins and bank deposits are partial substitutes, with USDC more rate-sensitive than USDT. Banks can slow outflows by paying savers more, at the cost of higher funding costs.