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tZERO Gets Landmark Approval for Digital Securities Custody in U.S.

PRNewswireSeptember 11, 20248 min
tZERO Group Inc., a leader in technology solutions for capital markets, proudly announces the respective Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) approval of tZERO Digital Asset Securities as a new Special Purpose Broker-Dealer for digital asset securities custody. This is only one of two licenses for a regulated broker-dealer digital asset security custodian that have been approved in the United States since the rules were introduced by the SEC in 2020, serving...

DriveWealth Hires Venu Palaparthi as Chief Operating Officer

PRNewswireSeptember 6, 20246 min
Drip Capital, a leading digital platform for trade finance, has secured $113 million in new funding. This includes $23 million in equity from Japanese institutional investors, GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC), and $90 million in debt financing, led by the International Finance Corporation (IFC) and East West Bank. Drip has seen remarkable growth, quadrupling its revenue and doubling its customer base in the past two years. The company has expanded its services for SMBs by integrating forex and risk...

Nexio Raises $2.2M in Pre-Seed, Launches Parallelized Bitcoin Rollup

PRNewswireAugust 9, 20246 min
Nexio, a pioneering Bitcoin scaling solution leveraging parallelized rollup technology, announced that it has raised $2.2 million in pre-seed funding from a diverse roster of prominent industry investors. This funding will enable Nexio to accelerate the development and adoption of its parallelized Bitcoin rollup technology, aiming to revolutionize Bitcoin’s scalability and usability. Concurrent with the pre-seed funding, Nexio is launching its parallelized Bitcoin rollup powered by the MoveVM, which supports over 30,000 transactions per second with gas fees maintained below $0.01. This technology...
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