The US Senate Banking Committee unveiled the latest version of the CLARITY Act this week. The Act aims to establish a clear regulatory framework for digital assets.
The CLARITY Act offers enforceable guardrails for digital asset markets in an effort to protect consumers and investors, counter illicit finance and security threats, and support innovation in the US.
The bill is controversial, as it includes provisions to limit liability for decentralized software developers and enters...
- Apex Fintech Solutions and Plaid have teamed up to streamline account transfers and boost digital capabilities for brokerage firms.
- The partnership combines Plaid's secure connectivity and data validation with Apex Fintech Solutions' ACATS infrastructure and risk engine to bring greater efficiency to the fund transfer process.
- Apex Fintech Solutions' subsidiary Apex Clearing made its Finovate debut at FinovateSpring 2015. Plaid has been a Finovate alum since 2014.
A new...
May is Asian American and Pacific Islander (AAPI) Heritage Month. May was officially established as “Asian/Pacific American Heritage Month” by President George H. W. Bush in 1990, expanding on a joint resolution signed by President Jimmy Carter in 1978 that had designated the week of May 4-10 as “Asian/Pacific American Heritage Week.” The name of the commemoration was changed to “Asian American and Pacific Island Heritage Month” in 1997 in an effort to make the occasion both...
- Kraken parent company Payward has applied for a national trust charter from the OCC to launch a federally regulated digital asset custody entity called Payward National Trust Company (PNTC).
- The move would help Payward expand its institutional business by offering bank-level custody and trust services to clients that require a regulated qualified custodian.
- The company also announced plans to raise funds at a reported $20 billion valuation.
Kraken parent company Payward is...
- Global paytech Boku announced that it is live and transacting with Pix in Brazil.
- Pix is Brazil's default payment method with more than 150 million Brazilians—approximately 70% of the population—using the technology. Boku was granted its payment institution license from the Brazilian central bank in April 2025, becoming a Regulated Pix Participant.
- Headquartered in London, Boku made its Finovate debut at FinovateEurope 2011. Stuart Neal is CEO.
International local...
