Financial Infrastructure

Last week's coverage under the Financial Infrastructure tag included several items on stablecoins and tokenized deposits. Stack and Story reported on stablecoins hitting a bank-sized bottleneck, while Banking Dive Newsletter covered stablecoins losing ground to tokenized deposits. Relatedly, American Banker Fintech wrote about Citi's use of Swift blockchain extending tokenized deposits' reach.

Several newsletters focused on corporate transactions and acquisitions. Fintech Notebook covered a $210M event tied to resolving what it described as FIS's biggest problem. Payments Wrap Up reported on OpenPayd strengthening its position in the U.S. market through the acquisition of 43 state licences. Banking Dive Newsletter also covered BitGo's acquisition of NYDIG's institutional trading business. Separately, Connecting the Dots in FinTech covered Mollie and GoCardless joining forces to build a European financial home.

Infrastructure partnerships and technical developments were also featured. Fintech Futures covered Northern Trust's digital investment infrastructure MoU with CSC. Bankless covered World open-sourcing ProveKit for private identity proofs. Fintech Wrap Up published a deep dive on when financial institutions should build their own transaction foundation models. FinTech Feed by FinTechtris covered embedded finance, discussing what it framed as the next BaaS era being built on control, economics, and bank-fintech alignment.

Taken together, the week's Financial Infrastructure coverage spanned tokenization and stablecoin developments, acquisition activity across payments and digital asset firms, and infrastructure-focused partnerships and technical topics in banking and identity.