The companies, products and regulatory developments shaping the broker industry.
Figure’s filing shows rapid third-party growth but even larger related-party support, while later token-circulation and marketplace figures cannot be used as the same denominator.
The capital-markets infrastructure firm raised a $12m Series A led by MMC and plans New York and Singapore expansion. Regulatory permissions and measured execution performance remain separate questions from the funding announcement.
Merchant Seven and private backers are funding PropHub’s technology and distribution expansion; the announcement supplies no amount or valuation.
Blockchain Capital led the Series C, while SBI joined through a digital-asset fund; the participants have not disclosed SBI’s individual ticket.
The operating figures show existing bank infrastructure carrying live cross-border traffic. The current EPC rules explain the scope of the euro payment leg, its execution clock and why a fast bank transfer still needs a separate route into a brokerage account.
The 13books-led investment backs broader market coverage and platform development. The business already connects institutional clients with more than 60 market makers and offers trading without platform taker fees.