SCRYPT Digital, the Swiss-regulated company offering a single point of access into digital assets for institutions has been chosen by Kiln, the tech provider behind the first enterprise-grade liquid staking protocol, to provide a seamless on/off-ramping service for its treasury.

Silvergate Bank, known for offering banking services to the emerging cryptocurrency industry, has taken advantage of a quasi-federal lending program, the Federal Home Loan Bank of San Francisco, in order to stay afloat during a run on the bank. In Q4 of 2022, the bank saw customer withdrawals of $8.1 billion, accounting for 70% of the bank’s deposits. The Federal Home Loan Bank system was created during the Great Depression in order to make homeownership more affordable.

Alternative data specialist QuantCube Technology today announced the availability of QuantCube CPI nowcast indicators for Brazil and China. The new indicators, which quantify the Consumer Price Index at a country level in real-time, are available on the QuantCube Macroeconomic Intelligence Platform (MIP). The launch of these new indicators forms part of a planned expansion of QuantCube’s CPI nowcasts for both emerging and developed economies.

RegTech innovator Global Screening Services (GSS) today announced the completion of a successful initial funding round, having raised over $45m / c.£37m from major investors, including AlixPartners, The Cynosure Group, and MUFG. Randal Quarles, chairman and co-founder of The Cynosure Group, and former Vice Chairman of the Federal Reserve System and Chairman of the Financial Stability Board, has joined the GSS board.

Bluefin, a leader in integrated payments and data and payment security, today announced it has teamed up with Visa for network tokenization.

A Universal Digital Payments Network (UDPN) for stablecoins and Central Bank Digital Currencies (CBDCs) was launched at the World Economic Forum (WEF) in Davos. The network aims to provide interoperability between these digital currencies.

USPN has been in development for the last two years with contributions from GFT, Red Date Technology, TOKO, and DLA Piper. A sandbox was launched in July of 2022, where multiple banks were actively testing stablecoin transfer and FX transactions.

PhonePe, one of India’s largest fintech platforms, today announced it has raised $350 million in funding from General Atlantic, a leading global growth equity firm, at a pre-money valuation of $12 billion. The General Atlantic investment marks the first tranche of an up to $1 billion total fundraise that PhonePe has commenced in January 2023. Another new marque global and Indian investors have already been signed up for the second tranche, which is expected to close next month.

Pilon, a Singapore-headquartered FinTech firm that offers a cloud-based Supply Chain Financing system, announced today that it has successfully raised a seed round of USD 5.2 million (both debt and equity). Wavemaker Partners led this round, with participation from Octava Pte Ltd and Polaris Kin Pte Ltd.

FNZ, the global wealth management platform, has agreed to acquire YieldX, a U.S.-based provider of fixed-income portfolio management technology, optimization services and direct indexing tools for the wealth management industry.

Channel Capital Advisors LLP (Channel) has appointed Bhoomika Kesaria as its new head of investor relations.