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Latest Results from /markets

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Checkout.com hit by over £100 million in losses

Payments platform Checkout.com has reportedly suffered a £100.5 million loss in its UK company.

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Citi tests tokenisation of private funds

Citi has joined forces with Wellington Management and WisdomTree to explore the tokenisation of private markets.

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Ripple to acquire Standard Custody

Ripple has agreed to acquire Standard Custody & Trust Company, an enterprise-grade regulated platform for digital assets.

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Refinitiv veteran Minutella appointed CEO of Data Zoo

Global identity provider Data Zoo has appointed former London Stock Exchange executive Charlie Minutella as CEO.

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New York expands Digital Currency Group lawsuit to seek $3bn

New York Attorney General Letitia James has filed an amended lawsuit against crypto firm Gemini and Digital Currency Group, alleging that nearly quarter of a million investors were defrauded out of more than $3 billion, rather than the $1 billion claimed in the initial suit.

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Tesco Bank sells credit cards, loans and savings operations to Barclays

The £600 million deal has an "initial" agreement lasting 10 years.

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Nasdaq Private Market raises $62.6 million

Nasdaq Private Market (NPM) has closed a $62.6 million Series B funding round with support from a host of top banks.

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UBS launches tokenized warrant on public blockchain

UBS has launched Hong Kong’s first investment-grade tokenized warrant on the Ethereum public blockchain network.

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Crypto custodian BitGo moves into private securities with Brassica acquisition

Crypto custody specialist BitGo has acquired Brassica, a fintech specialising in providing back-end infrastructure services for private securities and alternative investments. Financial terms were not disclosed.

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Labour vows to make UK fintech leader

The UK's Labour party says it will deliver the next phase of Open Banking, become a standard setter for the use of AI, and embrace securities tokenisation and a digital pound if it wins the next election.

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Ex-chancellor Osborne joins Coinbase as advisor

Former UK Chancellor of the Exchequer George Osborne has joined the advisory council of cryptocurrency exchange Coinbase.

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UK fintech capital investment in 2024: far from 'rock bottom'

Innovate Finance held an event this week to launch their ‘Capital Investment in UK FinTech in 2023: Insights and Trends’ report, ahead of their Global Summit in London in April.