Community bankers take the OCC to court over crypto trust charters
ICBA's suit, filed on October 2, challenges the legal basis of the national trust charter that fintech and crypto firms have used as their route into federal banking.
Fintech
Fintech, payments, neobanks, crypto and the regulation of financial technology.
Coinbase wins its own clearinghouse, but the licence stops where leverage begins
The CFTC has registered Coinbase Clearing as a derivatives clearing organization. It completes the exchange's vertical stack, yet only for fully collateralized contracts settled in USDC.
The Fed puts a price on bank-issued stablecoins, and it is mostly operational risk
Two Federal Reserve proposals under the GENIUS Act set reserve rules, a graduated capital charge and a licensing path for bank stablecoin subsidiaries. The numbers will shape who can afford to issue.
Paymob's $35m round shows an Egyptian payments firm now earning in the Gulf
Mubadala and the EBRD co-led a pre-Series C for the Cairo-born processor, whose Gulf revenue grew sevenfold in 18 months. The money buys time and reach, but it also redraws what Paymob is.
The SEC's innovation exemption opens a narrow, capped lane for tokenized US stocks
A five-year order lets blockchain venues trade tokenized shares outside exchange rules, but symbol and volume caps make it a supervised experiment rather than a new stock market.
Tabby's $6.5bn Series F lets the Gulf's top fintech keep its IPO waiting
A $233m private round led by Blue Pool Capital lifts the Saudi payments and credit group's value by 44% and gives it room to choose when, and where, to list.
Chime pays $590m for its sponsor bank and redraws the economics of the neobank
America's largest neobank will buy Stride Bank in cash at about 1.5 times tangible book, choosing a purchase over a new charter and promising to stay under the $10bn line.
Twenty-one lenders club together on a dollar stablecoin, and the target is the fintechs
Bank of America, Citi, Goldman Sachs, UBS and 17 others will form a company to issue a dollar token in 2027. Scale and compliance are their pitch; speed is the question.