Deutsche Bank Explores Stablecoins and Tokenized Deposits
Weekly news up to Monday, 9th of June 2025.
👀 NEWS HIGHLIGHT
German digital bank N26 is considering a new funding round at a reduced valuation that could allow some of its existing investors including Coatue Management, Third Point and Dragoneer Investment to recoup part of their investment, people familiar with the matter said.
The Series F funding round being contemplated by N26 would let the existing investors sell part of their stakes, according to the people.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🔦 DIGITAL BANKING HIGHLIGHTS
⭐️ Deutsche Bank Explores Stablecoins and Tokenized Deposits.
⭐️ Bankrupt FinTech Synapse Asks to Liquidate Instead of Reorganize.
⭐️ London’s FinTech hub reputation under fire as Revolut opens HQ in Paris.
⭐️ PEXX Launches Neobank, Bridging USD, Crypto for Global Users.
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🌎 REGIONAL HIGHLIGHTS
UK 🇬🇧
Lloyds to release FX execution algorithm in partnership with BNP Paribas. Lloyds clients will gain access to the full algo technology stack, which includes flexible execution strategies tailored to individual trading objectives. This will allow users to define strategies aligned with their risk appetite, supported by interactive features.
HSBC deepens ties with Token.io through strategic investment. This new financial backing will fuel FinTech’s growth while accelerating the development of real-time, bank-initiated payment options that challenge traditional card-based methods.
EUROPE 🇪🇺
N26 enhances premium offering with N26 Go, to become the go-to bank for travelers. It aims to increase travel appetite and demand from European customers, offering an enhanced selection of travel perks and benefits tailored for those constantly on the move.
Revolut joins the European Payments Initiative, aiming to optimise customer experience, as well as expand Wero in Germany, Belgium, and France. The partnership will focus on optimising the manner companies serve their customers and provide them with secure and optimised alternatives.
Revolut officially launched Revolut ATMs. The British-based neobank will launch its first phase on the main streets of Madrid and Barcelona, then move on to areas like Valencia and Malaga, to reach a total of 200.
Revolut Bank launches a branch in Portugal this summer. The banking license in Portugal, with which the bank's customers will now be able to have a Portuguese IBAN, Revolut intends to “have a more local product”, adapted to the national consumer, namely, integration into the Multibanco network and the MBWay network.
Deutsche Bank and Mastercard partner to enhance merchant solutions with open banking payments. The partnership empowers merchants to leverage R2P as a preferred payment method, giving consumers the ability to authorize payments directly from their bank accounts with real-time processing and immediate confirmation.
FinTech Zen.com partners with Lithuanian SME Bank. Through cooperation, Zen.com is to expand the network of regulated partners and strengthen operational resilience in key areas of activity. Keep reading
Trade Republic reaches 1 million customers in Spain. It rolls out its Spanish banking offering, challenging local banks with Spanish IBANs, 2.25% interest uncapped on all cash deposits, mutual funds, and automated tax withholding. Continue reading
USA 🇺🇸
JPMorgan Chase set to accept Bitcoin, crypto ETFs as loan collateral. The decision is part of a strategy to allow select clients to borrow against crypto-related assets. The bank is said to be starting with crypto ETFs, particularly BlackRock’s iShares Bitcoin Trust, which has topped $70b in assets under management.
Chime’s IPO may struggle to strike a chord with investors. Public investors, while calmer and more receptive to new listings than two months ago, can afford to be picky. That’s an obstacle to companies looking to recoup their peak valuations from a few years ago.
Wise is planning to list its shares in the US, the latest blow to London’s stock market. Wise said the move will allow institutional and retail investors in the US to purchase its shares, noting that many of them are currently unable to do so. The move should increase liquidity in the firm’s stock, allowing current shareholders greater flexibility and opportunity to buy and hold our shares.
CANADA 🇨🇦
FISPAN raises $30m Series B to accelerate embedded banking innovation for mid-market businesses. This new capital will accelerate FISPAN's mission of seamlessly integrating banking services directly into businesses' enterprise resource planning (ERP) systems and accounting software.
LATAM
Agibank raises $350M through FIDC to expand credit operations. It will use the funds to finance new credit operations. Agibank offers digital accounts, credit cards, and loans to the underserved population in Brazil. Continue reading
ASIA
Temenos powers KAF Digital Bank in its mission to offer Shariah-compliant financial management and enhance digital convenience with a user-centric banking experience. This includes comprehensive core and digital banking services together with payments, analytics, and Temenos Data Hub on Microsoft Azure cloud infrastructure.
Citigroup to cut 3,500 jobs at China tech centres amid global revamp. The reduction of staff at the China Citi Solution Centres in Shanghai and Dalian is expected to be completed by the start of the fourth quarter this year. This is to simplify and shrink global tech operations to improve risk and data management.