Breaking News
Digital Isle of Man announce first GBP pegged stablecoin licensed in the British Isles
Digital Isle of Man, part of the Isle of Man Government’s Department for Enterprise, has announced that Blackfridge SC Limited (“Blackfridge”) has become the first GBP pegged stablecoin business to be licensed in the British Isles. It follows their entry into the Isle of Man Financial Services Authority’s regulatory sandbox, which was established to allow products to be tested in a live environment, while reducing the potential risk to consumers.
This comes as the Isle of Man Financial Services Authority has granted a financial services licence to Blackfridge to undertake payment services and issue electronic money. Blackfridge is to soon launch its stablecoin product, “poundtoken”, the first e-money instrument constituted as a GBP pegged stablecoin issued in the British Isles.
Lyle Wraxall, Chief Executive of Digital Isle of Man, commented:
“We are delighted that Blackfridge has entered the Isle of Man Financial Services Authority’s Sandbox and become the first GBP pegged stablecoin issuer licensed in the British Isles. Blackfridge is a cutting-edge business, and we’re pleased to have played a part in their journey as they reach this regulatory milestone ahead of the launch of their stablecoin. The Island welcomes innovative technology and is focused on supporting more businesses through the regulatory process, giving them the ability to best use this transformative technology.”
Alan Sun, Chief Executive of Blackfridge, commented:
“We are extremely excited to have been granted the licence by the Isle of Man Financial Services Authority, allowing us to launch our GBP pegged stablecoin. The Isle of Man has a unique approach to regulation and this was enticing when choosing which jurisdiction to base ourselves in. The support we have received through the application has made the process simple and efficient. Furthermore, the support schemes and grants provided by the Government during the pandemic has enabled us to reach this monumental stage.”
For more information on Digital Isle of Man’s approach to innovation, visit: www.digitalisleofman.com/blockchain
- Allvue and RSM Launch Industry-first Agentic AI Operating Model for Capital Calls Read more
- Batsheva Moshe Has Been Appointed GM Israel Market & EMEA Tech at Kaltura Read more
- Bulldog Federal Credit Union Partners with FMSI to Modernize Branch Experience Read more
- ParaScript® Partners with ABBYY to Deliver End-to-End Document Intelligence Read more
- Addepar Introduces ADX, Enabling Data Activation and AI at Scale Read more
Bitget Launches Scan to Pay for Instant Payments via USDT
Bitget, the world’s largest Universal Exchange (UEX), has introduced its Scan to Pay feature on Bitget Pay, enabling users to spend USDT directly at offline merchants by scanning QR codes through the Bitget App.
Mastercard and Yellow Card Partner to Unlock Stablecoin Payment Innovation Across EEMEA
Mastercard and Yellow Card have announced a strategic partnership to accelerate stablecoin-enabled payment innovation across EEMEA with plans for global expansion.
Tennessee Bankers Association Endorses Stablecore as Digital Asset Technology Provider
Stablecore, the platform enabling community and regional banks to offer stablecoins, tokenized deposits and digital asset products, today announced its official endorsement from Tennessee Bankers Association, the trade association established to serve the needs of the state’s banks, thrift institutions, and trust companies.
KAST Introduces Stablecoin Cashback, Signaling Shift Beyond Point-based Rewards
KAST today announced the launch of USD stablecoin cashback, adding a new form of rewards alongside its existing points-based incentives. The move reflects a broader shift toward rewards that deliver real, usable value as stablecoins move into everyday financial use.
Ledger Launches Hardware-Security for Perpetual Trading in Ledger Wallet
Ledger™, the global leader in digital asset security for individuals and institutions, announced the rollout of Perpetual Trading within Ledger Wallet™ to an initial 20% of users in select regions. Provided by Yield.xyz, the feature enables leveraged trading within a self-custodial environment and brings hardware-level security to perpetual markets for the first time.
Taurus Secures MiFID Investment Firm License to Expand Regulated Digital Asset Services in the EU
Taurus SA (“Taurus”), a FINMA-regulated securities firm and a leader in digital asset infrastructure technology solutions, announced that its Cyprus-based subsidiary Taurus (Europe) Ltd, has been granted an investment firm license under MiFID regulation by the Cyprus Securities and Exchange Commission (CySEC).
Celo Goes Live on Bridge, Bringing One of Crypto’s Most Active Stablecoin Networks to the Stripe-Owned Platform
Bridge today added support for Celo, connecting its stablecoin orchestration platform to one of the most actively used networks in crypto. With 1.3 billion lifetime transactions, $65B+ in stablecoin volume since its March 2025 migration to an Ethereum Layer 2, 600K+ daily active users, and 25 native stablecoins in circulation, Celo gives Bridge developers direct access to a chain where stablecoin payments are already part of daily life for millions of users.
Allvue and RSM Launch Industry-first Agentic AI Operating Model for Capital Calls
Allvue Systems, LLC (“Allvue”), a leading technology provider for the private capital markets, and RSM US LLP (“RSM”), a leading provider of assurance, tax and consulting services for the middle market, today announced a strategic alliance to launch the industry’s first-of-its-kind Agentic AI Capital Operating Model. The model will redefine how quickly and efficiently capital calls are executed and governed across private capital firms using agentic AI orchestration.
Batsheva Moshe Has Been Appointed GM Israel Market & EMEA Tech at Kaltura
Batsheva Moshe has been appointed to GM Israel market and EMEA Tech at Kaltura, the Agentic Digital Experience company. In her new role, Batsheva will lead Kaltura’s Go-To-Market operations in Israel, overseeing sales strategy, field sales, and strategic partnerships. Additionally, she will spearhead the company’s growth and expansion within the technology sector across the EMEA region.
Bulldog Federal Credit Union Partners with FMSI to Modernize Branch Experience
FMSI, a provider of branch workforce management and lobby optimization solutions for financial institutions, today announced a new partnership with Bulldog Federal Credit Union, a community-chartered credit union serving Washington County, Maryland since 1968.
ParaScript® Partners with ABBYY to Deliver End-to-End Document Intelligence
ParaScript, an AI-powered document processing company, today announced an alliance with ABBYY, combining ABBYY’s OCR and intelligent document processing (IDP) platform with ParaScript’s handwriting recognition and fraud detection capabilities to deliver a unified document intelligence solution that improves accuracy, reduces manual review and strengthens fraud prevention.
Addepar Introduces ADX, Enabling Data Activation and AI at Scale
Addepar, a global data and AI platform for investment professionals, today announced the launch of Addepar Data Exchange (ADX), a managed data environment within the Addepar platform that enables firms to unify, govern and activate their data to power investment workflows, analytics and AI at scale.
Bitget Launches Scan to Pay for Instant Payments via USDT
Bitget, the world’s largest Universal Exchange (UEX), has introduced its Scan to Pay feature on Bitget Pay, enabling users to spend USDT directly at offline merchants by scanning QR codes through the Bitget App.
Sustainable Innovation and the Commercialisation of Stablecoins
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]