Circle's USDC Expands Footprint by Acquiring Hashnote, Leading Tokenized Treasuries Issuer
In a significant move that underscores the evolving landscape of cryptocurrency and digital finance, Circle, the company behind the popular stablecoin USDC, has announced its acquisition of Hashnote, recognized as the largest issuer of tokenized treasuries. This strategic acquisition, made public on January 21, 2025, aims to bolster USDC's position in the growing market for decentralized finance (DeFi) and tokenized assets.
Continue readingEQT Seeks to Sell Payments Firm Banking Circle with Assistance from FT Partners
In a strategic move signaling their intentions in the financial technology landscape, EQT, a prominent private equity firm, is reportedly enlisting the services of FT Partners to facilitate the sale of its payments venture, Banking Circle. This decision comes as EQT aims to capitalize on the growing interest in digital payment solutions, amidst a rapidly changing economic climate.
Continue readingSingapore Tech Firm Circles Contemplates Divestment of Digital Business Amid Restructuring
In a significant move within the technology sector, Singapore-based company Circles is reportedly considering the sale of its digital operations. This development comes as part of a wider strategy to streamline its business amidst ongoing challenges in the competitive digital landscape. Sources familiar with the situation suggest that Circles is exploring its options, including potentially engaging investment bankers to facilitate a divestiture plan.
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