Financial Infrastructure

Last week's coverage under the Financial Infrastructure tag centered heavily on stablecoins and tokenized deposits. Stack and Story examined stablecoins hitting what it described as a bank-sized bottleneck, while Banking Dive Newsletter reported that stablecoins are losing ground to tokenized deposits. American Banker Fintech covered a related development, noting that Citi's use of Swift blockchain extends the reach of tokenized deposits. Separately, Banking Dive Newsletter also reported that BitGo acquired NYDIG's institutional trading business.

Several newsletters addressed banking-fintech partnerships and embedded finance structures. FinTech Feed by FinTechtris published a piece on Embedded Finance 2.0, framing the next era of Banking-as-a-Service around control, economics, and bank-fintech alignment. Connecting the Dots in FinTech covered Mollie and GoCardless joining forces to build a European financial home. Payments Wrap Up reported on OpenPayd strengthening its position in the U.S. market through the acquisition of 43 state licences.

On infrastructure and institutional technology, Fintech Wrap Up published a deep dive on when financial institutions should build their own transaction foundation models. Fintech Futures covered Northern Trust's digital investment infrastructure MoU with CSC. Fintech Notebook reported on a $210M development described as resolving FIS's biggest problem, without elaborating further on the mechanics. Bankless covered World open-sourcing ProveKit for private identity proofs.

Taken together, the week's Financial Infrastructure coverage spanned tokenization and stablecoin dynamics, embedded finance and bank-fintech partnership models, institutional deals in digital assets, and infrastructure-level technology moves across foundation models, licensing, and identity proofs.