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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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Report: Instacart Is Mulling IPO

PYMNTS

8) that it had received $200 million in new capital from existing investors Valiant Peregrine Fund and D1 Capital Partners, boosting Instacart's valuation to $17.7 Instacart states in promotional materials that it has relationships with 500 retailers that have 40,000 locations in the United States and Canada.

Report 268
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Shopify Launches New Retail Hardware Collection

PYMNTS

Shopify announced it has launched a new retail hardware collection to improve in-person shopping for some of the world’s fastest-growing brands and their customers. Digitally native brands want to build loyal audiences through retail locations, and we’ve designed the best products to help them achieve this success.”.

Retail 122
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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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Ascena Receives Court Approval To Sell Ann Taylor Brand, Other Labels

PYMNTS

Ascena Retail Group Inc. The arrangement would keep the company as a going concern with a minimum of 900 retail locations, the newspaper reported. The arrangement would keep the company as a going concern with a minimum of 900 retail locations, the newspaper reported. In July, Ascena Retail Group, Inc.

Branding 159