Infrastructure
Coverage of the networks, stablecoin rails, custody platforms, and market infrastructure underpinning the digital asset ecosystem.
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Mesh Secures $75 Million Series C, Reaches $1 Billion Valuation
Crypto payments infrastructure firm Mesh has secured $75 million in Series C funding at a $1 billion valuation, according to a company announcement distributed via PR Newswire.
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BitGo completes $212.8 million U.S. IPO
Crypto custody firm BitGo Holdings Inc. priced its U.S. initial public offering above its marketed range, raising $212.8 million, according to Reuters.
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PayPal to Acquire Cymbio in Agentic Commerce Expansion
PayPal has agreed to acquire Cymbio, a Tel Aviv-based commerce orchestration platform, as part of its strategy to expand capabilities in agentic and AI-enabled commerce, according to a PayPal press release.
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Anchorage Digital Seeks $200M–$400M Funding Ahead of Potential IPO
Anchorage Digital, the first federally chartered U.S. digital-asset bank, is seeking to raise between $200 million and $400 million in new funding as it prepares for a potential initial public offering next year, according to Bloomberg.
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State Street Joins Crypto Market With Digital Asset Product Rollout
State Street is expanding its presence in digital assets, becoming the latest major Wall Street firm to deepen its involvement in crypto-related infrastructure, according to Bloomberg.
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Barclays Invests in Stablecoin Settlement Firm Ubyx
Barclays has taken an equity stake in Ubyx, a U.S.-based stablecoin settlement startup, according to Reuters. The investment underscores growing interest among major banks in digital payments infrastructure linked to stablecoins.
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Fireblocks to Acquire TRES Finance in $130 Million Deal
Fireblocks has agreed to acquire crypto accounting and reporting platform TRES Finance in a deal valued at approximately $130 million, according to Fortune.
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Ripple Hails Institutional Momentum Entering 2026
Ripple said it is seeing increased engagement from institutional counterparties as the digital asset sector enters 2026, citing growing interest in blockchain-based payments and settlement infrastructure.
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AI Optimization Tools Push Governance and Model Risk Reviews Higher in Finance
Artificial intelligence tools are moving from experimentation into operational workflows across capital markets, forcing financial firms to revisit how internal governance, model risk controls, and accountability frameworks apply to increasingly complex systems.
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Crypto Custody Concentrates Around Fewer Regulated Providers
Institutional participation in crypto markets is increasingly being shaped by a quiet consolidation in custody arrangements, as asset managers and trading firms reduce the number of counterparties responsible for safeguarding digital assets.
