Global payments infrastructure platform Mercuryo introduces the first Banking-as-a-Service product tailored to suit the needs of crypto market participants. Digital asset organisations, such as exchanges, wallet providers, NFT services, DeFi protocols, DAOs, and others can integrate the BaaS solution into their ecosystems and open full-fledged bank accounts.

GMO-Z.com Trust Company, Inc. ("GMO Trust") has partnered with Komainu, a regulated digital asset custody service provider built by institutions for institutions, to offer secure and compliant institutional-grade custody services for GYEN and ZUSD, the regulated Japanese yen ("JPY") stablecoin and the U.S. Dollar ("USD") stablecoin.

MaskEX, a rapidly expanding third-generation crypto exchange, headquartered in Dubai, has announced the launch of its crypto-backed Virtual Card, enabling users to spend their crypto as fiat in more than 176 countries with over 50 million merchants worldwide. This new feature is now available to all ID-verified MaskEX users.

ThirdFi announces Web3 infrastructure launch to onboard 1 Billion people in the next 10 years. Built to scale decentralized finance (DeFi), ThirdFi emphasizes interoperability and middleware solutions with developer-friendly tools and all-in-1 API. ThirdFi focuses on building the 'picks and shovels' to enable more developers, fintech, and financial institutions to build on web3.

Aegis Custody, a digital asset custodian offering regulatory compliant solutions and custody services for digital assets and Web3 on-chain transactions, announced today the release of its proprietary MPC based custody platform, Aegis Vault. It has been designed and optimized to provide industry-leading security for its customers as a two-directional custodial solution and regulatory gateway connecting clients to Web3 services, and offers transaction speeds of just 1-2 hours from cold storage, compared to the 48 hours provided by industry players.

BitPay, the world's largest provider of Bitcoin and cryptocurrency payment services, has announced a partnership with crypto tax software company, ZenLedger. BitPay users can sync wallet transactions directly from within the app to ZenLedger's intuitive tax software. With just a few taps from the BitPay app, ZenLedger will automatically calculate cost basis, fair market value, gains/losses and tax-loss harvesting for a user's transaction history.

Yield App has acquired Trofi Group, a platform that offers structured product solutions for cryptocurrencies, in response to growing investor demand for enhanced yield investment opportunities. The acquisition adds four new structured product strategies to Yield App's product suite that offer the opportunity to capture upside across a range of market conditions.

As financial markets worldwide confront major challenges, the crypto market has remained sluggish in 2022. Meanwhile, along with the slowing global economic growth, the crypto market has also entered a prolonged bear period. Despite the continued sluggishness of crypto this year, the industry raised more funds in the first half of the year than it did in 2021.

PreIPO Corporation™ owner of a suite of proprietary platforms; including: PreIPO Exchange®, PreIPO.com™, and PreIPO Intelli™, has officially received its first International Registered Trademark from the Intellectual Property Office of the United Kingdom for "PreIPO®".

Connect Financial - a cryptocurrency financial Fintech platform, announces their crypto-backed credit cards are coming to the market. With more than 320 million people using cryptocurrency globally and an expected global adoption growth rate of 10% by 2030 for Bitcoin (BTC) alone, there is no denying that cryptocurrency is quickly moving towards mainstream acceptance.