The Rotterdam court ordered the bankruptcy of crypto platform Knaken after determining the company lacked sufficient assets to repay its users, leading to an orderly settlement process.
BNP-backed brokerage infrastructure provider Alpaca has raised $135 million to expand into tokenized markets and AI-native financial services as both DeFi and TradFi companies pursue onchain business.
Revolut, a London-based fintech company, has received in-principle approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to operate crypto services in the UAE, including broker-dealer, management and investment, and exchange services.
Bitcoin Suisse, a Swiss cryptocurrency provider, is expanding into the German market. The company aims to attract high-net-worth investors in Germany and plans to differentiate itself from competitors through digital currency custody services based in Liechtenstein.
Three cryptocurrency exchange platforms have obtained payment licenses from the Bank of Spain, which is required authorization to operate with stablecoins in Spain.
Mistral AI, a French AI startup, announced the release of a new robotics navigation model as it expands into the physical artificial intelligence sector. The company has signed deals with major European industrial customers to support this expansion.
Runway, an AI video company, is expanding its global presence by establishing new hubs in London, Tokyo, and Paris. The company plans to invest approximately $300 million over the coming years to support business scaling and AI research initiatives.
Trade Republic, a German fintech broker, introduced a new trading system and launched new products designed to appeal to professional retail customers and hedge fund professionals. Co-founder Hecker discussed the strategic rationale behind these developments in an interview with Handelsblatt.
Robinhood announced the rollout of its public blockchain mainnet following months of testing, alongside the introduction of DeFi products and plans to expand crypto trading services to UK residents.
Spiko has integrated Coinbase Payments into two EU regulated UCITS Treasury funds, allowing investors to subscribe and redeem using USDC and EURC stablecoins via the Base blockchain network.