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Aave Launches on Soneium by Sony Block Solutions Labs, Expanding DeFi Access via a Fast-Growing Ethereum Layer 2
Aave, the leading decentralized finance (DeFi) liquidity protocol, has successfully deployed on Soneium, a new Ethereum Layer 2 developed by Sony Block Solutions Labs, a joint venture between Sony Group and Startale Group.
This marks a strategic expansion for Aave into a consumer-focused L2 purpose-built for real-world applications and adoption. Soneium has recorded over 133M+ on-chain transactions and 6.6M+unique wallet addresses, signaling strong early engagement.
“Aave wants to be where consumers are, in trusted, accessible environments,” said Aave Labs Founder Stani Kulechov. “Sony’s global reputation and Soneium’s focus on consumer-facing applications make this a unique opportunity for Aave to reach new mainstream users.”
“We believe that DeFi is essential to the future of Web3 adoption,” said Jun Watanabe, Chairman of Sony Block Solutions Labs. “The deployment of Aave on Soneium is an important step in our vision to transcend boundaries, spanning creativity, DeFi, and beyond. More direct-to-consumer DeFi products will be made available on Soneium through this integration as we expand globally.”
This deployment strengthens Aave’s multichain presence and reinforces its role as foundational infrastructure for the next generation of finance, now extended to a new class of users through Soneium’s global reach. It follows the passage of a community governance proposal and launches with support for USDT0, USDC.e, and WETH, each configured with risk parameters tailored for capital efficiency, user safety, and protocol performance.
Aave will also participate in upcoming ecosystem-wide liquidity incentive campaigns that is Astar Contribution Score, including a 100 million ASTR allocation (currently valued at $4M) to bootstrap adoption. Additional integration of GHO, Aave’s decentralized overcollateralized stablecoin, is being explored for real-world use cases in payments, savings, and digital commerce.
Soneium is developing a consumer-facing Web3 stack spanning DeFi, gaming, NFTs, RWAs, and media. Its ecosystem already includes Uniswap v4, Velodrome, Stargate, Lido, and native protocols like Kyo Finance and SuperVol.
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The Most Financially Excluded Pay More To Buy Stablecoins
With Financial Inclusion Week underway, Orbital – a global payment orchestration platform across stablecoins and traditional payment rails – has released its new Stablecoin Premiums Dashboard* which offers insights into stablecoin market data that reveals that the countries with the highest stablecoin premiums are those with populations that, on average, are more financially excluded.
Fireblocks Integrates XION, Giving Over 2,000 Institutions Access to the First Walletless Blockchain
XION, the first consumer-centric Layer-1 blockchain designed for mainstream adoption, today announced a strategic integration with Fireblocks, the industry-leading digital asset infrastructure provider trusted by 2,200 institutions to secure over $10 trillion in digital asset transactions.
CoinShares Launches ETF Offering Access to Altcoins
CoinShares International Limited (“CoinShares'' or “the Group”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), a leading global asset manager specialising in digital assets with over $10 billion in AUM, today announced the launch of the CoinShares Altcoins ETF (ticker: DIME), an innovative U.S. ETF designed to capture the altcoin opportunity through investors' existing brokerage accounts.
Jiko Announces Strategic Investments from Key Industry Players Including Coinbase and Blockstream Capital Partners
Jiko, the only platform built 100% on U.S. T-bills to power the world’s liquidity, today announced strategic backing by Coinbase (NASDAQ: COIN) and Blockstream Capital Partners. Alongside this investment, Jiko is entering new strategic partnerships with leading industry players, including Crypto.com, Blockstream Capital Partners, Bitso, and Coinbase. These strategic partners will join a growing number of institutions adopting Jiko as a banking partner to utilize its U.S. T-bill-based model for storage, settlements, and payments.
Spend Crypto at 700,000 Merchants in SA Using Luno Pay
Together with Scan to Pay’s 650,000 merchants and Luno Pay’s existing network of over 30,000 merchants, this expansion unlocks access to major household retailers, including Checkers, Makro, Vodacom, and Shoprite, bringing crypto payments into the mainstream and marking a major step for cryptocurrency adoption.
Galaxy Launches GalaxyOne, Bringing Institutional-Quality Financial Offerings to Individual Investors
Galaxy Digital Inc. (NASDAQ: GLXY) (TSX: GLXY) today launched GalaxyOne, a financial technology platform offering U.S.-based individual investors to access high yields on fiat cash, alongside crypto and equities trading in a single digital experience. Accredited investors1 can access 8.00% Annual Percentage Yield (APY) through Galaxy Premium Yield2, while all investors can earn 4.00% APY3 on cash deposits and the ability to auto-reinvest earned interest into bitcoin or other supported crypto – all backed by Galaxy's financial expertise, rigorous risk management, and white-glove client service.
"We've spent years building institutional-quality infrastructure to serve the world's most sophisticated investors. Now, we're extending that edge to individuals," said Mike Novogratz, Founder and CEO of Galaxy. "Importantly, GalaxyOne advances our mission of becoming a full-spectrum financial services provider that builds trusted, regulated, and accessible products for all market segments."
GalaxyOne, which is available on mobile (iOS and Android) and online in the U.S., launches with four core products:
- Galaxy Premium Yield 2: Earn 8.00% APY through an investment note issued by Galaxy Digital LP, a subsidiary of Galaxy Digital Inc. and available exclusively to U.S. accredited investors on GalaxyOne. Yield is generated by Galaxy's institutional lending business, active since 2018. Each investment requires a $25,000 minimum and is capped at $1 million per investor with an initial $250 million total investment cap. Interest accrues daily and is paid monthly into the GalaxyOne Cash account.
- GalaxyOne Cash 3: Earn 4.00% APY in a high-yield cash deposit account FDIC insured up to $250,000. Banking services are provided by Cross River Bank, member FDIC.
- GalaxyOne Crypto: Buy, trade, hold and transfer major blue-chip digital assets, including bitcoin (BTC), ethereum (ETH), and solana (SOL). Transparent pricing, recurring purchases and real-time execution are available on the platform.
- GalaxyOne Brokerage: Access commission-free trading of more than 2,000 U.S stocks and ETFs in individual brokerage accounts. Retirement accounts (traditional and Roth IRAs) are also available. Fractional share trading is available with a $10 minimum per trade. Clients have the option to earn passive income by lending their eligible stocks through the GalaxyOne Stock Lending program4.
GalaxyOne was originally developed under the name Fierce, which Galaxy acquired in 2024. The platform is led by Zac Prince, Managing Director at Galaxy, alongside the original development team. Fierce's former CEO, Rob Cornish, will continue to support the platform's operations as Chief Technology Officer of Galaxy. GalaxyOne sits alongside GalaxyOne Institutional as part of a unified suite of products, each tailored to client needs, but both built to Galaxy's institutional standards of security, scale, and risk management.
"As technology reshapes how people invest, expectations are clear: more yield, easier access from a single platform, and opportunities that extend beyond traditional boundaries," said Mr. Prince. "GalaxyOne delivers exactly that: a unified opportunity to earn yield on cash, trade crypto, and access U.S. equities, all supported by Galaxy's financial discipline, institutional oversight, and professional team trusted by some of the world's most sophisticated institutions. We have an exciting roadmap ahead and are excited to deliver a differentiated financial experience to our clients. This is just the beginning."
To sign up and learn more about GalaxyOne, please visit: https://one.galaxy.app/sign-up
Fasset Secures Provisional Banking License to Become World’s First Stablecoin-Powered Islamic Bank
Fasset, a leading global financial superapp, has secured approval from Malaysia to provide banking services. The license completes Fasset’s ability to provide full-service digital banking to its existing global user base of 500,000 within a regulated sandbox for Islamic fintech innovations, establishing Fasset as the world’s first stablecoin-powered Islamic digital bank.
EXCLUSIVE: “Raising the Phoenix” – Ad van der Poel, HSBC Innovation Banking in ‘The Fintech Magazine’
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