According to PANews Businesswire reports on October 15, Telcoin, a blockchain-based financial services company, announced the completion of a $25 million Pre-Series A funding round to fund the Telcoin Digital Asset Bank, scheduled to open later this year. This funding will enable Telcoin to meet the capital requirements for its conditionally approved digital asset depository license in Nebraska, USA, and will help the company bridge the blockchain economy with traditional banking. The funding will also support Telcoin's creation of eUSD, the first bank-issued stablecoin. Telcoin is a multinational fintech company serving 171 countries. By integrating blockchain technology, telecommunications, and banking, Telcoin provides secure, self-hosted blockchain payment and banking services globally, powered by its own decentralized financial infrastructure.According to PANews Businesswire reports on October 15, Telcoin, a blockchain-based financial services company, announced the completion of a $25 million Pre-Series A funding round to fund the Telcoin Digital Asset Bank, scheduled to open later this year. This funding will enable Telcoin to meet the capital requirements for its conditionally approved digital asset depository license in Nebraska, USA, and will help the company bridge the blockchain economy with traditional banking. The funding will also support Telcoin's creation of eUSD, the first bank-issued stablecoin. Telcoin is a multinational fintech company serving 171 countries. By integrating blockchain technology, telecommunications, and banking, Telcoin provides secure, self-hosted blockchain payment and banking services globally, powered by its own decentralized financial infrastructure.

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more