Paxos Joins Crypto Firms Eyeing U.S. Bank Licenses
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NEWS
🇺🇸 Paxos to pursue national trust charter with the Office of the Comptroller of the Currency. This strategic move will place Paxos under federal oversight and underscores its consistent commitment to maintaining the highest regulatory standards of any blockchain infrastructure and tokenization platform globally.
🇭🇺 Revolut plans to open a branch in Hungary and may appoint a local manager in the "very near future", revealed Mariia Lukash, the company's Head of Growth. The company will not join the ATM installation program, but if there is customer demand, Revolut ATMs may still come to the country.
🇺🇸 SoftBank selects banks for US IPO of payments app PayPay. The banks leading preparations for the listing are Goldman Sachs, JPMorgan Chase & Co., Mizuho Financial Group, and Morgan Stanley, the sources said. The PayPay offering is expected to raise more than $2 billion from investors when it takes place.
🇳🇿 New Zealand's Co-operative Bank selects 10x Banking for core replacement. The partnership will deliver leading core banking infrastructure for The Co-operative Bank (through a phased full-platform migration), which will position the bank for future growth and continue to enable better banking for its 180,000+ customers.
🇬🇧 Tandem appoints David Shrimpton Davis as the New MD of Motor Finance. Shrimpton Davis brings with him deep-rooted experience in leading and growing a motor finance business, having formerly led Moneybarn, the successful motor finance arm of Vanquis Banking Group.
🇺🇸 Thread Bank names Marty Miracle as new CDO. In his new role, Miracle will take responsibility for the bank's technology strategy, engineering, infrastructure, and cybersecurity operations. His mandate includes ensuring system resilience and regulatory readiness, and enabling seamless integrations with banks.
🇮🇳 RazorpayX puts artificial intelligence in the CFO's corner before market debut. The move comes as India’s financial technology giant, valued at $7.5 billion, prepares for a public offering within 18 months and seeks to stand out in the neobanking market.
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