Global banks commit $270M to stablecoin venture targeting 2027 launch
Project Faro, backed by Goldman Sachs, Citigroup and BBVA, has secured $270 million in funding to launch a US dollar stablecoin in the first half of 2027.
Enterprise
41 storiesForward Industries grows SOL treasury to 8.7 million as token hits nearly three-month low
Forward adds a $50 million credit line and housing-linked investment to support further SOL accumulation.
Ava Labs exec says NYSE deal marks end of blockchain’s ‘general purpose era’
Ava Labs’ John Nahas said the collaboration with the NYSE shows institutions moving past pilots toward purpose-built onchain market infrastructure.
Kimber Digital Securities gains broker-dealer status for tokenized assets
The Plume affiliate plans to offer tokenized US stocks, ETFs and bonds through self-custodial wallets, with traditional shareholder rights preserved.
Goldman, Citi and Other Banks Reportedly Fund $270 Million Stablecoin Initiative
The backers of Project Faro, the 21-firm group's planned U.S. issuer, are still hunting for a chief executive, according to a report. The group aims to go to market in…
Former NYSE president says stock issuers hold the key to tokenization as Bullish builds its platform
Stacey Cunningham, who recently joined digital asset platform Bullish as President, sees the company’s planned Equiniti acquisition and focus on stock issuers as key to…
Monad Is Now a Settlement Option in Visa’s Stablecoin Program
Visa hasn't announced the addition itself, and the Monad Foundation's release doesn't say which stablecoins will settle on the network. The post Monad Is Now a…
Goldman, Citi and Global Banks Commit $270 Million to Challenge Crypto’s Stablecoin Giants
The funding, backing a U.S.-incorporated issuer codenamed “Project Faro,” covers five years of operations as traditional lenders move to challenge crypto-native giants…
- Banks Commit $270 Million to Stablecoin Venture: ReportThe DefiantEnterprise
- Goldman Sachs, Citi among banks said to commit $270 million to stablecoin ventureCoinDeskEnterprise
- PNC Launches USDC Payments Pilot With CoinbaseThe DefiantEnterprise
- Visa Adds Monad to Stablecoin Settlement: The BlockThe DefiantEnterprise
- MEGA Pledges $30 Million for Products, Starting With AIThe DefiantEnterprise
- Hyperscale Data (GPUS) Sells Its Last Bitcoin for AI Data Center, Months After Chasing $100 Million TreasuryBitcoin MagazineEnterprise
- Outages and other issues reported in Australia’s Big Four banksProtosEnterprise
- Visa adds Monad to stablecoin settlement network optionsThe BlockEnterprise
- Will stablecoins survive once the banks catch up?CoinDeskEnterprise
- Bitcoin’s ‘best buying opportunity ever’ has arrived: Mark MossCointelegraphEnterprise
- Compound V2 Users Face Nov. 10 COMP Rewards DeadlineThe DefiantEnterprise
- Ripple Prime head Marc Asch to step down, Noel Kimmel named successorCoinDeskEnterprise
- Anthropic Retracts IPO Range as Crypto Products Await DebutThe DefiantEnterprise
- Anthropic Launches IPO Roadshow at $70–$78 a ShareThe DefiantEnterprise
- The crypto wallet that grew up inside Telegram is striking out on its ownCoinDeskEnterprise
- BitGo revenue falls 51% in Q3 as trading slows; net income rises on treasury gainsThe BlockEnterprise
- BlackRock Bitcoin ETF outflows hit $1.66B over seven trading sessionsCointelegraphEnterprise
- Securitize pushes into $6 trillion asset-backed finance market with River One acquisitionCoinDeskEnterprise
- Anthropic to Launch Nasdaq IPO Tuesday, IFR ReportsThe DefiantEnterprise
- Robinhood backs tokenization of its stock on OKX–ICE platform even as most companies opt outCoinDeskEnterprise
- NYSE Taps Avalanche to Settle Its Planned Tokenized Stock PlatformDecryptEnterprise
- What ‘Instant Settlement’ Means for Tokenized StocksThe DefiantEnterprise
- Bullish Names Former NYSE President Stacey Cunningham as PresidentThe DefiantEnterprise
- NYSE picks Avalanche to settle tokenized stocks amid Wall Street's blockchain raceCoinDeskEnterprise
- Strategy Buys $82M in Bitcoin, Buys Back $188M of STRCDecryptEnterprise
- Microsoft-Backed Space and Time Launches Platform to Let AI Agents Verify Private DataDecryptEnterprise
- Coinbase Joins Circle, Ripple With Final OCC Approval for Federal Trust Bank CharterDecryptEnterprise
- Yat Siu to Become Animoca Brands CEO in AI and Institutional PushThe DefiantEnterprise
- Treasury Cuts Crypto Exchange MEXC Off From US Financial SystemDecryptEnterprise
- Designing for sovereignty: Ethereum for digital public infrastructureEthereum FoundationEnterprise
- Aviva’s £50m tokenized fund: What changes for investorsDL NewsEnterprise
- Bank of Russia clears 17 crypto exchangers as Sberbank and VTB ready retail tradingDL NewsEnterprise
- Securitize shares slide 38% since it put Apple and Nvidia stock on SolanaDL NewsEnterprise