Hana Financial, POSCO International and Dunamu have launched a blockchain remittance system into live trade transactions. The system, powered by GIWA Chain, aims to speed up and cheapen cross-border payments versus SWIFT.
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SWIFT has introduced a blockchain ledger that will run a tokenized bank deposit pilot involving 17 major banks targeting faster cross-border payments. The initiative reportedly extends regulated tokenized deposits to continuous 24/7 availability without altering compliance standards and is described by the firm's CBO as a milestone for digital assets inside traditional finance.
SoFi has begun settling its card program with Mastercard using SoFiUSD, targeting more than $25 billion in expected annualized volume after migration. The change provides faster onchain settlement while leaving consumer cards and merchant systems unchanged.
Visa announced it will acquire Israeli fraud-detection startup BioCatch for $2.4 billion in cash from Permira and other investors. The purchase centers on behavioral biometrics technology and expands the payments company’s fast-growing value-added services business as global fraud losses surpass $1 trillion a year.
DTCC has completed its first live production trades of tokenized stocks, ETFs and U.S. Treasurys with more than two dozen major institutions. The milestone advances its planned tokenization service launch in October and shows blockchain integration into core Wall Street infrastructure while preserving traditional legal rights.
Stripe and Advent International have reportedly jointly offered $53 billion to acquire PayPal at $60.50 per share, representing a 28% premium with about $50 billion in committed financing. The approach underscores both firms' deepening involvement in stablecoins while PayPal contends with competitive pressures.
