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first_img Griffin Bank in the UK has completed a $20 million Series B financing and will expand its card issuance and stablecoin business in the future

British bank Griffin has completed a $20 million Series B financing round, led by Octagon Partners, with participation from Notion Capital, A+ Ventures, Nordic Ninja, Breega, and others. The company's valuation exceeds $100 million, though it has not disclosed whether this is pre-money or post-money valuation. Griffin stated that the funds from this round will be used to drive business expansion and achieve profitability.Griffin was founded in 2017 by former Airbnb employee David Jarvis and CircleC co-founder Allen Rohner, and it obtained a full banking license in 2024 and officially launched. Currently, Griffin provides banking infrastructure services to over 80 companies, including Uber, Countingup, Anna Money, Yonder, and Prosper. The company serves over 300,000 retail and business customers, processing approximately 10 million payments annually. As of September 2026, its recurring revenue has increased 3.2 times year-on-year, a figure that has not yet been audited.Griffin co-founder and CEO David Jarvis stated that the company will expand its card issuance and stablecoin business: the card issuance business will support branded retail and corporate debit cards, with credit card products to be launched later; in terms of stablecoins, the company is developing reserve-related services for enterprises and advancing on-chain cross-border payment solutions.

first_img Robinhood has launched IPO Access in the UK, allowing retail investors to subscribe to new US stocks at the offering price

Robinhood announced the launch of its IPO Access service in the UK, allowing retail investors to submit purchase requests at the official offering price before new stocks officially trade on the US market. Users can submit applications through their regular investment accounts, with the app providing the prospectus and SEC documents for each available new stock for investors to review before deciding whether to subscribe. Robinhood stated that it is collaborating with a UK public offering platform provider to offer access to eligible initial public offerings.This service was first launched in the US in 2021, and Robinhood claims to have participated in over 50 IPOs since then, opening it up to millions of US customers. Jordan Sinclair, President of Robinhood UK, stated that bringing IPO Access to the UK aims to provide the same opportunities for UK retail investors to participate in investments in the next generation of innovative public companies.This launch is a continuation of Robinhood's expansion in the UK. Last year, the company acquired the exchange Bitstamp for $200 million and opened cryptocurrency trading to eligible UK customers through Bitstamp in August of this year, supporting the buying and selling of over 50 cryptocurrencies in its main UK investment app, alongside stocks, ISAs, options, and futures. In July of this year, Robinhood launched the Robinhood Chain mainnet and provided eligible users with 24/7 trading of tokenized stock products. Robinhood stated that there are no commissions for IPO subscriptions but cautioned that participating in IPO investments carries significant risks, with stock price volatility potentially being high, especially in the early stages of listing.

Ukrainian Central Bank: Opposes the current cryptocurrency bill, demands revisions before the final review

According to CoinDesk, the National Bank of Ukraine (NBU) stated that it does not support the current version of the draft for the legalization and regulation of crypto assets, calling on lawmakers to continue revising it before the final vote.The NBU supports advancing regulation by referring to the European Union's Markets in Crypto-Assets Regulation (MiCA) and recommendations from the International Monetary Fund, but believes that draft No. 10225-d still does not address its key concerns, and the final text was only delivered on Tuesday night, leaving insufficient time for review and lacking transparency in the legislative process.The NBU warned that foreign tokens not adequately regulated in their place of issuance may enter Ukraine, some of which could function as electronic money, threatening monetary sovereignty and financial stability, and bypassing requirements applicable to domestic similar assets. The NBU hopes to obtain the authority to assess and limit their use when necessary.Regarding market access, the NBU stated that a preliminary compromise had been reached to select three crypto trading platform operators through competition, but the final draft leaves the number of access points for the first five years to the discretion of the securities regulatory authority, raising concerns about monopolies and corruption risks. According to the draft, the National Securities and Stock Market Commission of Ukraine will become the main regulator, with a 5% transitional tax rate applicable to existing crypto assets until the end of 2028, and transactions between crypto assets explicitly exempt from tax.
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