SANTA CRUZ – Paystand, a blockchain-based B2B payments network, said on Tuesday it has acquired Bitwage, a platform for cross-border payroll and payouts using stablecoins, aiming to bring faster, cheaper digital currency settlement to corporate finance. The deal, terms of which were not disclosed, comes as stablecoins—digital tokens pegged to assets like the U.S. dollar—gain…
SAN FRANCISCO — Ripple, the digital assets and infrastructure firm closely associated with the cryptocurrency XRP, said Wednesday it has raised $500 million in new funding, lifting its valuation to $40 billion as it accelerates expansion beyond payments and deepens ties with institutional finance. The funding round was led by affiliates of Fortress Investment…
NEW YORK: Citi and Coinbase announced intention to collaborate on digital asset payment capabilities for Citi’s institutional clients and explore additional global clients in the future, further solidifying both companies’ market leadership in payment solutions. The initial phase of their collaboration focuses on fiat pay-ins/pay-outs, supporting Coinbase’s on/off-ramps—the bridge between traditional fiat and digital…
SINGAPORE: Blockchain infrastructure firm Zoth said on Tuesday it acquired Neemo Finance, a liquid restaking protocol, in a strategic move to integrate yield-generating services into its growing “StableFi” operating system. The acquisition, the terms of which were not disclosed, aims to enhance Zoth’s suite of financial products by adding Neemo’s technology for liquid restaking…
McGraw Hill, a leading textbook publisher and educational course provider owned by billionaire Tom Gores’ Platinum Equity, filed for an initial public offering (IPO) in the U.S. on Friday, according to a statement. The move comes nearly four years after Platinum Equity acquired the company for $4.5 billion and aligns with a resurgence in…