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Coinbase Utilizes Open Banking by Trustly for Canadian Expansion
Trustly announces its alliance with Coinbase as an integral part of its commitment to offer Canadians secure and simple account-to-account payments. With Trustly’s Open Banking Payments, Coinbase users can deposit and withdraw funds directly from their bank account from/to their crypto wallet.
A robust regulatory framework combined with the world’s third-most crypto-aware nation, make Canada a perfect fit for alternative payment methods and innovative financial services. With Trustly, Coinbase users will easily connect their bank accounts to their Coinbase account, allowing them to add funds instantly or withdraw funds seamlessly using EFT or Interac payment rails.
Popularity and demand for cryptocurrency options continue to grow in Canada; a survey by the Ontario Securities Commission indicates that over 30% of Canadians plan to buy crypto assets in the next year. Trustly is excited to continue to work with Coinbase on strengthening its offerings in Canada by enabling direct bank transfers over EFT later this year. By enabling use of the EFT network, users will be able to benefit from seamless deposits, withdrawals, and high-value deposit limits.
“Trustly is thrilled to support Coinbase and its expansion into Canada. We believe our Open Banking platform will make investing in cryptocurrency more convenient and secure for Canadians. We are excited to see how our partnership with Coinbase, a leader in the industry, unfolds,” said Ross McFerrin, VP Enterprise Growth at Trustly.
“We are excited to partner with Trustly to offer additional financial options for our Canadian customers to deposit and withdraw funds from our platform,” explains Nana Murugesan, VP International and Business Development at Coinbase. Murugesan also explained in an interview with BNN Bloomberg that partnering with Trustly was a strategic step in making crypto as accessible as possible for Canadian customers.
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KAST Appoints Former SEC Official to Lead Policy Communications as Company Targets US Market Growth
KAST, the global financial platform built on stablecoin rails, announced today that Stephanie Allen, a former senior advisor at the U.S. Securities and Exchange Commission, has joined the company as Head of Corporate and Policy Communications.
Ripple Reinforces Commitment to the Middle East with Expanded Presence in the UAE
Ripple, the leading provider of blockchain-based enterprise solutions across traditional and digital finance, today announced an expansion of its presence in the UAE with the opening of its new Middle East and Africa (MEA) regional headquarters in the Dubai International Financial Centre (DIFC), creating capacity to grow its local team as demand for regulated blockchain-powered payment and custody solutions continues to accelerate across the region.
Tassat Upgrades Lynq to Avalanche to Scale Institutional Settlement Network
Tassat Group Inc., a leading provider of blockchain infrastructure for regulated financial institutions, has upgraded Lynq’s real-time settlement and collateral network to a dedicated Avalanche L1. With over 30 leading digital asset institutions onboarded to date, the move strengthens Lynq’s ability to serve as a scalable, next-generation settlement layer for on-chain payments and collateral mobility.
MOTMX Partners with Uphold to Launch First Pre-Built Crypto-Backed Rewards Product for Financial Institutions
MOTMX, the next-generation on-chain payments and loyalty services company, today announces a partnership with Uphold, the modern infrastructure provider for on-chain finance, to launch GetC by MOTMX, the first pre-built crypto-backed rewards product for banks, credit unions and fintechs.
MoonPay Acquires Sodot, Launches MoonPay Institutional
MoonPay, the leading crypto payments network, announced the acquisition of Sodot, the key management infrastructure company that secured over $50 billion in transactions and protected more than 10 million wallets for clients including eToro, BitGo, Flow Traders, and Exodus.
Ripple and OKX Partner to Expand RLUSD Access and Global Liquidity
Ripple, the leading provider of blockchain-based enterprise solutions across traditional and digital finance, and OKX, the blockchain technology and trading company serving more than 120 million people globally, today announced a strategic partnership to bring Ripple USD (RLUSD) to eligible markets on OKX — significantly expanding global access, liquidity, and trading utility for the enterprise-grade stablecoin.
Lightspark Partners with Visa to Bring Stablecoin and Bitcoin-Linked Debit Cards Worldwide
Lightspark, the open global money company, today announced a partnership with Visa, a global leader in digital payments, to enable stablecoin- and Bitcoin-backed Visa debit cards across more than 100+ countries.
SUNRATE Secures Bank Negara Malaysia Licence, Enabling Full-Scale Operations in Malaysia
SUNRATE, the global payment and treasury management platform, announced that it has been granted a Class B licence under the Money Services Business Act 2011 by Bank Negara Malaysia, marking a significant milestone in the company’s continued expansion.
NUVA Digital Raises US$5.2M to Accelerate Development of Web3 Real-World Asset Platform NUVA
NUVA Digital, the software development company behind the RWA marketplace NUVA, today announced the successful closing of a US$5.2 million fundraising seed round led by Morgan Creek Digital. NUVA is the non-custodial, unified distribution layer for high-quality real-world asset (RWA) vaults. It offers users one-click access, enabling them to deposit stablecoins to mint liquid, composable tokens that deliver yield. NUVA ensures transparency and seamless DeFi composability with on-chain proof of reserves, without requiring minimum deposit requirements or lockups.
COINPAYMENTS and duPont REGISTRY Group Announce Alliance to Power Digital Payment Infrastructure
COINPAYMENTS, a leading global digital payments infrastructure provider, has announced a landmark alliance with duPont REGISTRY Group, the world’s premier, high-tech luxury automotive ecosystem, to power digital payment capabilities within its next-generation duPont REGISTRY digital marketplace.
Regional Openness and the Shift to Cloud Processing
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TSAM London: MinuteMaster on The Rising Cost of Meeting Inefficiency in Asset Management
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Atos Selected by LCH SA to Migrate its Financial Information Systems to the Cloud
Atos, a global leader of AI-powered digital transformation, announces it has signed a three-year contract with LCH SA, the global clearing house based in Paris, to assist LCH SA with the migration of its financial information systems on a highly secure, SecNumCloud-qualified cloud infrastructure, while guaranteeing full continuity of operations.
KAST Appoints Former SEC Official to Lead Policy Communications as Company Targets US Market Growth
KAST, the global financial platform built on stablecoin rails, announced today that Stephanie Allen, a former senior advisor at the U.S. Securities and Exchange Commission, has joined the company as Head of Corporate and Policy Communications.