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Promethium Subsidiary Receives First FINRA-Approved Digital Asset Custodianship

Perficient

Promethium Ember Capital, (“PEC”), a wholly owned subsidiary of Promethium, has become the first digital asset custody provider to come under federal regulation. The approval allows Promethium to custody digital asset securities on behalf of both retail and institutional clients.

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Why The Biggest US Retailer Will Stick To Stamps

PYMNTS

Quick: Who’s the biggest retailer in the U.S.? In terms of sheer size and locations, the United States Postal Service (USPS) is the biggest retailer in the country, with 31,000 locations covering pretty much every town. Now, a new report is asking a good question: What if the post office expanded its retail offerings?

Retail 169
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Why Venture Capital Is Accelerating In Asia — Why It’s Different From The Valley

PYMNTS

Despite the pandemic, venture capital dollars are flowing freely to nascent firms in Asia that are tackling the need for contactless interactions and platforms that match supply and demand — setting the stage for innovation on the other side of the public health crisis. Traditional companies have had to embrace tech at an accelerating pace.

Capital 298
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Ikea, H&M Funding Tech Startups To Sidestep Retail Disruption

PYMNTS

Ikea and Hennes & Mauritz ( H&M ) are putting money into technology startups as a way to help them sidestep retail disruption, the Financial Times (FT) reported Wednesday (Nov. Lately, the firm has also been putting money into venture capital investments. Partly, we need it now as our business is transforming.

Retail 103
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Retail Pulse: True Food Drives Menu Innovation, LVMH Agrees To Buy Tiffany & Co

PYMNTS

True Food Kitchen , in one case, has created its menu around recipes that Dr. Andrew Weil inspired with anti-inflammatory ingredients and is mulling raising new private capital, Bloomberg reported. percent in the United States in 2018 to $167 million per Technomic data. Its sales increased 22.3 percent sales growth last year.

Retail 101
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1Q 2024 Commercial Relationship Credit and Pricing Trends

South State Correspondent

Higher capitalization rates driven by higher expected future rates (fewer rates are priced in the forward curve) dropped the future value of properties across the United States and hurt expected loss given default (LGD) by 1.5% On a net basis, the probability of default increased 6 basis points (bps) to 0.51%.

Trends 195
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Brookfield Asset Management Raises A Record $23B

PYMNTS

The Canadian firm said it has a total of $77 billion in securities, cash and other available capital available when including uncalled capital commitments from clients, Bloomberg reported. However, the turmoil in the market impacted the company’s earnings in the quarter.