Search Results for "Fidelity"
10 results for "Fidelity"
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EDX Markets Applies to OCC for National Trust Bank Charter
EDX Markets Holding Company, backed by Charles Schwab, Citadel Securities, Fidelity Digital Assets, and others, filed an application with the OCC for a de novo national trust bank charter for EDX Trust, National Association. The proposed Chicago-based trust bank would provide digital asset custody, asset management, and settlement services exclusively for institutional clients. The application was made public on April 1, 2026.
OCC Finalizes Rule Clarifying Digital Asset Custody for National Trust Banks
The OCC finalized a rule on February 27, 2026, clarifying permissible non-fiduciary activities for national trust banks, including digital asset custody. The rule does not impose moratoriums and supports ongoing fintech and crypto charter applications. This provides greater regulatory clarity for BaaS and embedded finance providers leveraging trust bank structures.
OCC Conditionally Approves Five National Trust Bank Charters for Digital Asset Firms
The OCC conditionally approved five national trust bank charter applications from major fintech and digital asset firms including Circle, Ripple, BitGo, Fidelity Digital Assets, and Paxos. The approvals include two de novo charters and three state-to-national conversions. All five plan to focus on digital asset custody, with four also intending to issue stablecoins. This marks the first such approvals since 2021, signaling significant regulatory openness to crypto-native firms entering the banking system.
Fidelity Bank Launches ANDI Digital Bank Powered by Helix
Fidelity Bank launched ANDI, a new digital bank serving communities across Louisiana, powered by Helix's BaaS technology platform. Helix, a Q2 subsidiary, provided the core banking infrastructure enabling the digital-first experience. This launch demonstrates community banks leveraging BaaS technology to compete with neobanks.
First Fidelity Bank and Episode Six Launch BaaS Solution with Unifimoney
First Fidelity Bank and Episode Six announced a next-generation Banking-as-a-Service solution, with Unifimoney as the launch customer. The partnership combines First Fidelity Bank's banking charter with Episode Six's technology platform to power embedded finance offerings. This positions both companies to serve fintechs seeking regulated banking infrastructure.
Jumo Raises $120M from Fidelity and Visa for BaaS Expansion
London-based BaaS platform Jumo raised $120 million from Fidelity, Visa, and Kingsway Capital. The round brought total funding to $200 million at a $400 million valuation. Jumo's AI-driven platform has facilitated 120 million loans totaling $3.5 billion across Africa and Pakistan, targeting SME lending in developing markets.
Alkami Technology Closes $140M for Cloud-Based Digital Banking Solutions
Alkami Technology, a cloud-based digital banking solutions provider, closed a $140 million funding round led by D1 Capital Partners with participation from Fidelity and others. The investment targets digital banking infrastructure expansion. Alkami is a key provider of cloud-native banking platforms for financial institutions.
Fidelity Digital Asset Services Granted NYDFS Trust Company Charter
The New York Department of Financial Services granted a limited liability trust company charter to Fidelity Digital Asset Services, LLC. The charter authorizes virtual currency custody and execution services for bitcoin. This positioned Fidelity as a regulated institutional-grade crypto custody provider in the embedded finance landscape.
FIS Makes Minority Investment in Banking Software Firm Zenmonics
Fidelity National Information Services (FIS) made an undisclosed minority investment in Zenmonics, a software company specializing in digital banking channel solutions for financial institutions. The investment strengthens FIS's capabilities in digitizing banking services and supports Zenmonics' growth in financial institution modernization.
MassChallenge FinTech Accelerator Launches Backed by Citizens Bank and Fidelity
MassChallenge announced a zero-equity fintech accelerator program sponsored by Citizens Bank, Fidelity Investments, MassMutual, and other financial institutions. The six-month program pairs later-stage fintech startups with industry leaders for co-development and product validation. It offers up to $250,000 in cash prizes and aims to foster fintech-bank partnerships.