Bank Tokens > Stablecoins? (TWIF 9/28)

Commercial Bancgroup, a U.S. regional bank, is seeking to raise up to $104 million in a rare U.S. bank IPO to fuel its growth and expand capital base.

PhonePe, a digital payments and financial services platform in India, filed confidential IPO papers with SEBI, aiming for a listing by mid-2026 with valuation hopes of $15 billion.

Navan, a corporate travel, payments, and expense management platform, filed a registration statement for an IPO, revealing a ~30% revenue surge in the process.

Ebury, a fintech providing cross-border payments and financial services, resurrected plans for an IPO in London, targeting a $2 billion valuation.

Andersen Group, a tax, legal and consulting services firm descended from Arthur Andersen, filed for an IPO after reporting a 12.4% revenue increase in the first half of 2025.

BitGo, a crypto custody and digital asset services firm, plans to go public via a listing to expand its institutional crypto services.

International Personal Finance, a UK consumer lender, accepted a $693 million enhanced takeover bid from Basepoint, a U.S. specialty finance firm.

Morningstar, a global financial services and investment research provider, agreed to acquire CRSP (Center for Research in Security Prices), a market index and historical data provider, for $375 million to strengthen its global index business.

SkySparc, a provider of treasury and finance solutions, secured a majority growth investment from Bregal Milestone to accelerate its AI-powered finance transformation.

Naver, a South Korean tech conglomerate, acquired Dunamu, operator of the Upbit crypto exchange, via a stock swap to integrate payments, digital assets, and pursue a won-pegged stablecoin initiative.

FIS, a global fintech and payments provider, bought Amount, a digital account origination and decisioning technology firm, to strengthen its end-to-end banking platform.

Pivotal Growth, a mortgage and protection brokerage consolidator, acquired Believe Money Group, a UK tech-driven mortgage broker, to expand its scale in UK mortgage markets.

Solifi, a secured finance software provider, acquired DataScan, a wholesale finance and inventory risk management specialist, to enhance its technology platform.

Citigroup, a global banking and financial services company, sold a 25% stake in Grupo Financiero Banamex for $2.3 billion to a company owned by Mexican billionaire Fernando Chico Pardo.

BBVA, a Spanish banking group, sweetened its hostile all-share takeover bid for Banco Sabadell, valuing the deal at $20 billion, to try to become Europe’s third-largest bank.

Bank of Montreal (BMO), a Canadian bank offering retail and commercial banking, explored the sale of a cluster of U.S. branches holding about $6 billion in deposits.

NatWest, a UK bank offering retail, commercial and wealth services, is looking to sell its 85% stake in Cushon, a workplace pensions and savings fintech.