The Week in Digital Wealth (3/3/25)

The new month brought expectations of improved user experiences, with collaborations and partnerships dictating the pace of change.

Headlines to take note of:

• CME extended its cross-margin partnership with DTCC;
• OneChronos ® wants to launch an institutional-focused spot FX ecosystem;
• BofA may launch a stablecoin;
• Avalara revealed its Salesforce ecosystem integration;
• Plus, there’s a new non-QM loan Fintech in town! (read on to find out);
• And much more!

Of course, it’s your week in digital wealth!

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Wealthtech, Regtech, Regulatory, and Treasury

CME Group/Depository Trust and Clearing Corporation (DTCC)

Premier derivatives marketplace CME extended its cross-margin setup with DTCC. The expansion enables increased liquidity, streamlined transfers, and expanded margin savings.

Additionally, the deployment will (expectedly) launch in December.

WealthFeed, Inc./NewEdge Advisors

Finance professional-focused Fintech WealthFeed partnered with NewEdge Advisors to improve business processes. The setup integrates WealthFeed’s automated tools with NewEdge’s ecosystem.

Furthermore, the deployment enables increased AUM for the wealth management firm.

OneChronos ® Markets LLC

The boutique alternative trading system (ATS) OneChronos turned its sights to the FX sector, planning to introduce a spot FX platform for institutional clients. The yet-to-be-launched ecosystem will focus on standard FX order types.

Moreover, OneChronos has yet to announce a launch date.

Kaiser Ridge, Inc. (“GReminders“)

Niche automation-focused platform GReminders introduced its ‘Ask Anything’ offering. The AI assistant seamlessly integrates with everyday tasks for advisors and allows for native-English queries and instructions.

In addition, the “Ask Anything” assistant will launch in March and will be free for GReminders’ ‘Base Business’ subscribers.

Securities and Exchange Commission (SEC)

America’s top financial regulator extended the deadline for its Treasury clearing rule by one year. Cash markets have till December 31 to implement changes.

On the other hand, repos have a June 30, 2027, deadline.

Crypto, Blockchain, and Digital Assets

CME Group

In a February 28 announcement, CME Group revealed intentions to launch its Solana (SOL) futures on March 17. Traders can access micro (25 SOL) and large-sized (500 SOL) contracts.

The launch is subject to regulatory approval and will be cash-settled. The product will derive value from the daily quoted ‘CME CF Solana-Dollar Reference Rate.’

Ondo Finance/Mastercard

Tokenization platform Ondo Finance joined the Mastercard Multi-Token Network (MTN). It is the first RWA (real-world assets)-capable firm to join the ecosystem.

Additionally, participants can access Ondo’s Short-Term US Government Treasuries Fund (OUSG) alongside daily yields.

Bank of America (BofA)

On February 26, at an Economic Club of Washington, D.C. event, BofA CEO Brian Moynihan revealed plans to launch a stablecoin. Moynihan also indicated that the stablecoin will be backed by the greenback and linked to deposit accounts.

Moynihan also revealed that BofA will enter the digital asset space once laws empower FIs to participate.

Fintech, Personal Finance, and Apps

Avalara, Inc./Salesforce, Inc.

Tax-focused Fintech Avalara revealed that its platform integrates with Salesforce Revenue Cloud. The updated feature is now available via the Salesforce AppExchange.

Furthermore, the deployment enables seamless operations for professionals.

Vertex, Inc.

Similarly, tax software provider Vertex unveiled several improvements to its e-invoicing offering. Additions include the combination of Periodic Transaction Controls (PTC) with Continuous Transaction Controls (CTC), VAT reconciliations, and more.

Moreover, the enhancements enable up-to-date automated digital processes.

Viking Cloud, Inc. (VikingCloud)/Fiserv, Inc.

Boutique cybersecurity Fintech VikingCloud revealed its partnership with Fiserv to improve SMB cybersecurity options. The tie-up enables easy-to-use, simple cybersecurity offerings for SMBs and merchants.

Additionally, the setup enhances optimal SMB operations.

Leap Financial, Inc./Visa

Fintech upstart Leap Financial teamed up with Visa to enable seamless remittances. Integrating with Visa Direct improves cross-border transfers for FIs and non-financial institutions.

Furthermore, the rollout will begin in North and South America, with other expansion plans to follow.

Banking, Payments, and Infrastructure

The Bank of New York Mellon Corporation (BNY Mellon)/OpenAI

BNY teamed up with OpenAI on the AI end to upgrade its ecosystem. The collaboration integrates OpenAI’s API with BNY’s AI platform, Eliza.

Additionally, the cooperation enhances forty other AI offerings currently under development at the banking behemoth. The deployment also includes a linkup with ChatGPT Enterprise.

NCR Atleos Corporation/Renasant Bank

Renasant Bank, based in Tupelo, Mississippi, extended its collaboration with NCR Atleos. The improvement includes the integration of the Atleos Activate Enterprise offering.

Moreover, the collaboration includes improved ATM and ITM operations, customer experiences, and payment functionalities.

Green Dot Corporation/Marqeta, Inc.

Premier digital bank Green Dot partnered with Marqeta to enhance cash services for users. The cooperation improves Green Dot’s cash deposit services.

Subsequently, the cooperation integrates the Green Dot money network with Marqeta’s ecosystem.

Jack Henry & Associates, Inc./Blend Labs, Inc.

Loan origination specialist Blend announced joining the Jack Henry™ Vendor Integration Program (VIP). The interaction enables access to Jack Henry’s tools and technical portfolio suite.

In addition, the membership provides Blend with access to the SilverLake System, Jack Henry’s core banking solution, and its sister solution for credit unions, Symitar.

REtech, Insurtech and Investing