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  • Javier Bardem on Becoming Max Cady in New ‘Cape Fear’ Adaptation — While Also Shooting ‘Dune: Part Three’

    Javier Bardem on Becoming Max Cady in New ‘Cape Fear’ Adaptation — While Also Shooting ‘Dune: Part Three’

    There’s a new Max Cady in town.

    The iconic villain, portrayed by Robert Mitchum in 1962’s Cape Fear and by Robert De Niro in Martin Scorsese’s 1991 version, is back on screen in the new Apple TV adaptation. The 10-episode series sees Javier Bardem stepping into the role of convict Max Cady, who is released from prison after 17 years and out for revenge on the happily married attorneys (Amy Adams and Patrick Wilson) who put him behind bars.

    At the show’s Los Angeles premiere on Tuesday, Bardem admitted that he “would not have dared to touch” the role — which landed De Niro an Oscar nomination — if it was another straight remake, but was drawn in by the appeal of a new interpretation explored over 10 hours instead of two.

    The star said he didn’t speak to De Niro while working on the project (teasing, “I talked to him in my mind like, ‘Please forgive me!’”) and is not one to stay in the killer’s mindset off camera, musing “What’s the point? I don’t find it even interesting to do it otherwise. I’m not that guy.”

    That ease in shaking off a character was particularly useful for this project, as Bardem had to leave to shoot his scenes for Dune: Part Three in the middle of working on Cape Fear.

    “You have a plane trip to just put it out and put it in,” the actor said of switching between Max Cady and his Dune role of Fremen leader Stilgar. “It’s what you do for a living. We are in the pretending department.”

    Showrunner Nick Antosca said in casting his Max Cady, he had to reckon with, “You have Robert Mitchum, you have Robert De Niro, two of the most iconic villain roles ever — how do you match that? It’s got to be somebody who is worthy of that legacy, and who out there can bring the magnetism and the menace and the intensity and all of that?”

    “I couldn’t imagine anyone but Javier playing this role. It’s got to be one-of-a-kind and it’s got to be something different too,” Antosca continued. “What De Niro did was so different than what Mitchum did; I knew Javier wasn’t going to do an imitation, he was going to bring something new to it.”

    Bardem transformed his look with tattoos, contacts and bleached hair and Adams confirmed when he came to set she could “feel that energy sort of step into the room, it was palpable.” Wilson added, “He really locked into the charm and the humor of it, and him being able to switch on a dime into that dangerous mode is something he’s very, very, very good at.”

    Scorsese and Steven Spielberg, who produced the 1991 version, also gave their blessing on the series and are on board as executive producers, as Antosca said Scorsese in particular “gave amazing suggestions and encouraged Javier and everyone else to make it their own.”

    That resulted in the biggest change, which is Max Cady facing off against a couple — who met while working on his case — instead of his solo male lawyer, as had been the case in the films. Antosca said of that update, “Their happiness and their perfect life is built on his suffering. They wouldn’t have everything that they have if he hadn’t been seemingly wrongly convicted. So that’s an interesting change to me because it brings up all these questions about the justice system, fairness and privilege and do we deserve this?”

    Cape Fear starts streaming Friday on Apple TV.

  • Sharon Stone on Helping Marc Maron Channel His Grief Over Lynn Shelton With ‘In Memoriam’ and Why Joe Eszterhas’ ‘Basic Instinct’ Reboot Is a Bad Idea

    Sharon Stone on Helping Marc Maron Channel His Grief Over Lynn Shelton With ‘In Memoriam’ and Why Joe Eszterhas’ ‘Basic Instinct’ Reboot Is a Bad Idea

    Marc Maron plays a great actor in “In Memoriam,” but the comedian and podcaster worried he didn’t have the chops to pull off a key moment in the new movie.

    “I had to cry, but I didn’t know if I had that kind of control as an actor — I didn’t know if I can do that,” Maron remembers. “I really freaked out. I went back to my trailer and was full on DiCaprio in ‘Once Upon a Time in Hollywood.’ I’m like, ‘I suck. What am I doing here?’”

    It fell to Sharon Stone, Maron’s scene partner, to help him find his way through the emotional gauntlet. When Maron came back to set, Stone grabbed his hand and encouraged him to draw on the grief he feels over the 2020 death of his girlfriend, filmmaker Lynn Shelton.

    “Why don’t you do the scene to Lynn, and I’ll make sure she’s here,” Stone told Maron.

    It worked.

    “Sharon’s kind of a mystical being,” Maron says. “She’s a powerful force. She said that, and it brought me to a space where I realized that Lynn was my biggest champion as an actor. She loved to direct me. I don’t know that I would have continued pursuing acting if it weren’t for her. So by doing it for Lynn, I got to that place emotionally that I think lands.”

    “In Memoriam” debuts at this year’s Tribeca Festival, and Stone is thrilled with the experience of working with Maron, whom she first met during a 2018 interview for his podcast “WTF With Marc Maron.”

    “We genuinely partnered in a very profound way on the scene,” Stone says. “In my career, I’ve been put up against the big dogs. They would always bring me in to put me up against the biggest, toughest guys, and oftentimes guys who were kind of a handful, but they knew that I could take it. But it was so different to work with someone like Marc, who was so open and so honest in their real feelings and emotions, and so available to be sincere with me. He was available to be my true partner, not my adversary.”

    In the film, Stone plays Maron’s ex-wife, a fellow actor whom he met on a film set. Both have terminal illnesses, and their diagnosis has left them reassessing their lives and work in different ways. Maron’s character is obsessed with making it into the Oscars “in memoriam” segment; Stone’s is more reflective and resigned. Their tender encounter takes place in a grand setting with Stone resting in a chaise lounge in her mansion, outfitted in a robe and turban, looking like Norma Desmond.

    “It’s a fulcrum point in the movie, because I have to take this moment to snap Marc out of this place he’s in, where he’s not living in reality,” Stone says.

    Stone formed a bond with Maron during her spot on “WTF” and kept in touch with him over the years. She wrote him a condolence note when Shelton died of an undiagnosed blood disorder, which touched Maron greatly.

    “It was a terrible tragedy,” Stone says. “He lost her so early, and she was so important to him.”

    Even though their scene was complicated to navigate, Stone is thrilled with the finished film.

    “Marc is remarkable,” she says. “He’s a real contender in this movie. I was completely blown away. Rarely do I see films that are this amazing anymore, that are about the human condition, and are so brilliant and so beautifully made.”

    Going forward, Stone, who has shown she can nail a punchline in films like “The Muse,” hopes to do more comedy.

    “I don’t know how many more villains I can really spit out,” she says. “I want to go back to my roots…I started in improv, and I did comedies like ‘Irreconcilable Differences.’ Being a comedic actress was my bag, and then I did ‘Basic Instinct,’ and everybody forgot I could be funny.”

    Just don’t expect Stone to dust off her ice pick any time soon. She makes it clear she won’t be reprising her role as femme fatale Catherine Tramell in the reboot of “Basic Instinct” that Joe Eszterhas is reportedly writing for Amazon MGM Studios.

    “How old is Joe Eszterhas?” Stone asks as she Googles the screenwriter’s age. “Oh, he’s 81. So I bet he’s really an expert on what’s sexy.”

  • CBS News Gutted ’60 Minutes’ On-Air Team. Can This Show Really Go On?

    CBS News Gutted ’60 Minutes’ On-Air Team. Can This Show Really Go On?

    Correspondents at “60 Minutes” in past years have tried to win an interesting challenge: Could they leave the show for a summer vacation with one story already in the can?

    Doing so now is no longer a game.

    In the wake of a massive ouster of the top staff of the venerable newsmagazine, serious questions have been raised about whether CBS News will be able to launch the 59th season of “60 Minutes” on time in the fall. Getting the show off to a good start in mid-to-late September is crucial because the program uses the network’s Sunday-afternoon football games as massive generator of audience. “60 Minutes” has for years been the nation’s most-watched news program.

    Now the question is whether the show will have enough on-air correspondents and production staff willing to assign, report, write, fact-check and edit three in-depth documentary-style vignettes of 12 minutes to 13 minutes length to show to football fans and news aficionados. Staffers are demoralized by the recent moves and questioning the motives of CBS parent Paramount Skydance, which has been eager to curry favor with the Trump administration as executives work to consummate a deal to acquire Warner Bros. Discovery.

    “There’s not enough people,” says one person with knowledge of the inner workings of “60 Minutes.” This person says new episodes will provide tangible on-screen evidence of whether CBS News management was able to get production in gear. If “60 Minutes” offers an unusual number of “two parters,” or stories that take up two segments during the show, this person says, it’s a tell-tale sign there’s not enough content in the pipeline.

    “I feel badly for the people there,” this person says. “They really don’t have anyplace else to go that’s at the same level, and they have to hang on” in an era of extreme tumult.

    The ranks of “60 Minutes” senior leadership have been gutted. Over the past week, CBS News fired correspondents Sharyn Alfonsi and Cecilia Vega; executive producer Tanya Simon; executive editor Dragaan Mihailovich; and two senior producers, Guy Campanile and Matthew Polevoy. A third correspondent, Anderson Cooper, announced his departure in February. The show has been rocked anew by the ouster of correspondent Scott Pelley,  who was fired Tuesday night after challenging Bari Weiss, the editor in chief of CBS News, and Nick Bilton, a former technology reporter and documentary maker who has been installed as the new top producer at the newsmagazine.

    The staff “is just unmoored,” says another person familiar with CBS News. “They want to know what’s going on” and how the show will have to change to accommodate Weiss’ vision.

    CBS News declined to make executives available for comment. There is a sense that others will pick up some story duties, says one person familiar with the situation. Norah O’Donnell, the former “CBS Evening News” anchor, is expected to contribute stories, and CBS News personnel like Major Garrett have done segments for the program in recent weeks. Such an arrangement would likely help CBS News cut some of the costs of the newsmagazine, which are substantial.

    Since Weiss’ arrival last year, information of that sort has been harder to get, according to three people with knowledge of the Paramount Skydance news operation. Weiss, a former opinion writer who left The New York Times to launch The Free Press, a digital site that often pokes at “woke” attitudes. Paramount paid a reported $150 million to acquire the site and has melded it with some CBS News operations, while Weiss holds sway over editorial and newsgathering personnel.

    At a town hall meeting held in January, Weiss told CBS News personnel reporting the news that they should stop thinking “about which show will pick it up” or “what hour it will air on linear television,” said Weiss, but rather about: “how can we produce the most revelatory stories for an audience that expects the news immediately and on demand. And for younger generations for whom ‘streaming’ and ‘social” are simply: TV and the news.”

    And yet, the TV shows continue to air.

    Weiss’ interactions with many producers and reporters since that time have not been frequent, these people say. There appears to be a lot of enmity between the people Weiss has hired to form a CBS News “masthead” and the people tasked with making sure programs like “CBS Evening News” and “48 Hours” run as they should – and generate profits, to boot.

    Pelley’s dramatic exit this week will no doubt create a new sense of camaraderie at “60 Minutes,” says one of the people familiar with CBS News. If Weiss and her team could make new outreach to the group and help them understand her vision for the task at  hand, and what Bilton would like to do, this person says, the two sides may find common ground in getting the show ready for the fall.

    But many are skeptical Weiss can foment a spirit of cooperation after such a wholescale ejection of top personnel at the newsmagazine, which, despite assertions to the contrary, continues to win massive crowds – even without football – and has a healthy digital presence.

    In the fall, says one of the people familiar with CBS News, “we will see pretty quickly how all of this actually affected ’60 Minutes’.”

  • Mastercard to enable stablecoin settlement across global payments network

    Mastercard to enable stablecoin settlement across global payments network

    Global payments giant Mastercard is expanding its global settlement infrastructure to support additional intraday, weekend, and holiday settlement windows, as well as on-chain settlement using regulated stablecoins, the company announced Wednesday.

    The company said the upgrades will provide issuers and acquirers with more options for managing liquidity and settling card transactions beyond traditional banking hours. The enhancements are intended to work alongside existing settlement processes and support use cases such as cross-border payments, treasury management, and business payouts.

    Stablecoin settlement will be available through a range of regulated digital assets, including Circle’s USDC, Paxos-issued $PYUSD, $USDG, USDP, Ripple’s $RLUSD, and SoFiUSD. Mastercard plans to support these assets across several blockchain networks, including Ethereum, Solana, Polygon, Base, Arbitrum, XRPL, Canton, and Tempo.

    “As demand grows for faster and more flexible movement of money, organizations are increasingly seeking infrastructure that can operate beyond traditional banking hours,” Kash Razzaghi, Circle’s chief commercial officer, said in a statement. “Mastercard’s expanded settlement capabilities help meet that need, offering greater choice in how value is transferred and settled.”

    Initial ecosystem participants are expected to include ARQ, CBW Bank, Cross River, Lead Bank, and Nuvei, with deployments beginning in the US and Latin America before expanding to additional regions.

    “We’ve seen firsthand the accelerating demand from our partners for faster, more transparent settlement, and stablecoins have emerged as a powerful tool to meet that need,” Luca Cosentino, head of on-chain finance at Cross River, commented on the move. ”Mastercard’s decision to bring on-chain settlement to its global network validates what we’ve been building toward: a future where digital asset rails operate seamlessly alongside traditional payments infrastructure.”

    Mastercard said the initiative represents the next phase of its digital asset strategy, allowing financial institutions to access both traditional and blockchain-based settlement through the same network infrastructure while preserving established safeguards and operational standards.

    “Mastercard’s move into on-chain settlement is a landmark validation that blockchain technology is ready for the world’s most critical payment infrastructure,” Jack McDonald, senior vice president of stablecoins at Ripple, said. “$RLUSD’s inclusion in Mastercard’s global settlement network reflects growing demand for trusted, regulated stablecoins built for real-world financial use cases on public blockchains like the $XRP Ledger. We’re excited to support the next evolution of faster, more flexible, always-on settlement.”

    Mastercard’s US money transfer subsidiary, MTS US, has been granted a NYDFS BitLicense, allowing it to support settlement using stablecoins and tokenized deposits. Mastercard said the approval underscored its focus on regulatory standards and trusted digital payment infrastructure.

    With the planned acquisition of BVNK and partnerships with Circle and Paxos, Mastercard is building a comprehensive infrastructure for stablecoin-based payments and settlement.

    “The future of settlement is programmable, instant and global,” Peter Jonas, chief revenue officer of Paxos, stated. “Paxos’s regulated infrastructure gives partners like Mastercard a trusted path to on-chain settlement using $PYUSD, $USDG, and USDP that works seamlessly alongside existing systems, helping advance more efficient payment flows.”

  • Coinbase buys ENA stake as Ethena token jumps 15% on expanded partnership

    Coinbase buys ENA stake as Ethena token jumps 15% on expanded partnership

    Coinbase Ventures invested in Ethena through an open market purchase of $ENA as Coinbase expanded its partnership with the onchain synthetic dollar protocol.

    Ethena and @coinbase have partnered to grow onchain finance and savings products for their 100m+ userbase, with the first growth initiative launching next week.

    Alongside this partnership Coinbase Ventures have also made their first investment into Ethena on the open market. https://t.co/RGPUSlTRdU pic.twitter.com/6tBW404lYv

    — Ethena (@ethena) June 2, 2026

    The partnership makes Coinbase Ethena’s primary custodian, wallet provider, and perpetuals venue, supporting security and operations across more than $5 billion in assets. Ethena said $USDe is also coming to Base and the broader Coinbase ecosystem as the companies move to expand onchain finance and savings products.

    Coinbase Ventures said Ethena is a critical player in onchain finance and that it is backing the protocol through its first open market investment in $ENA.

    The move deepens Coinbase’s relationship with Ethena after Coinbase Prime was selected by Ethena in 2024 to provide custody, USDC, and self custodial wallet services for the protocol.

    Ethena founder Guy Young said the upcoming integration will mark the first time Ethena products become available to Coinbase’s user base of more than 100 million. He said the evolving Clarity Act could create further tailwinds for onchain native products such as $USDe, particularly around idle balances on exchanges.

    $ENA, the native token of Ethena, rose more than 15% on the news and was trading near $0.96 at press time, according to CoinGecko data.

    Coinbase shares were trading near $173, down about 4% on the day, after opening at $176.85 and touching an intraday low of $171.70, according to Yahoo Finance data.

  • Christopher Nolan’s ‘The Odyssey’ to Get 3-Week Run at Westwood Village Theatre

    Christopher Nolan’s ‘The Odyssey’ to Get 3-Week Run at Westwood Village Theatre

    Westwood’s historic Village Theatre will welcome moviegoers one more time before it shuts its doors for an extensive and extended renovation odyssey later this year.

    Under a special arrangement between Universal and the Village Directors Circle, the collective of filmmakers led by Jason Reitman that bought the movie palace in 2024, American Cinematheque will screen Christopher Nolan’s new epic The Odyssey in a special three-week engagement beginning July 17.

    The movie will be presented in 70mm and play three times a day, according Cinematheque, which partnered with the theater last year to program and operate the theatre.

    The three-week engagement is part of programming and special events Cinematheque is putting on as a fundraising effort prior to its fall closure for a 12-month renovation and restoration. The theater recently hosted the world premiere of James Cameron and Billie Eilish’s Billie Eilish – Hit Me Hard and Soft: The Tour (Live in 3D).

    Nolan and Odyssey producer and wife Emma Thomas are partners in the VDC, which bought the theater in 2024 and features a galaxy of filmmakers ranging from J.J. Abrams and Ryan Coogler to Steven Speilberg and Denis Villeneuve among its ranks.

    “There are many reasons to go to the movies, but few better than a three-week run of ‘The Odyssey’ in 70mm at one of the most beautiful movie palaces in the country. This American Cinematheque series is a preview of what we hope the restored Village Theatre will become,” said Reitman in a statement. “A home for great filmmakers, great audiences, and the kind of theatrical experiences that simply can’t be replicated anywhere else. Christopher Nolan and Emma Thomas were among the very first filmmakers to step in when the Village Theatre needed help. Their commitment to keeping the spirit of moviegoing alive continues to inspire us all.”

    Cinematheque artistic director Grant Moninger stated, “The Village booth will be fitted with restored dual 70mm projectors to ensure a world-class presentation throughout the entire run.”

    Odyssey is the one of the more anticipated cinema releases of the summer. Opening July 17, the movie is a retelling of the epic tale of Homer and stars Matt Damon, Tom Holland, Anne Hathaway, Robert Pattinson, Lupita Nyong’o, Samantha Morton, Zendaya and Charlize Theron, among others.

    With a projected 2027 completion to its planned renovation, the VDC and Cinematheque want the remodeled Village Theatre to be the latest go-go venue for special screenings with in-person conversations, awards season events, new theatrical releases, retrospectives and tributes, as well as Cinematheque’s popular year-round programming and festivals such as Beyond Fest, Bleak Week, This Is Not a Fiction and Ultra Cinematheque 70. The organization also want to continue the venue’s legacy of hosting movie premieres.

  • Who’s the Next Curry Barker? Hollywood Insiders Pick the YouTubers With Box Office Potential

    Who’s the Next Curry Barker? Hollywood Insiders Pick the YouTubers With Box Office Potential

    After ‘Obsession’ and ‘Backrooms’ made history, here are the talents on deck to make the jump from YouTube views to theatrical grosses.

    Do you hear that sound? That is the collective hum of assistant keyboards trawling Reddit and YouTube at the behest of their bosses, who are looking for the next big thing in the horror space.

    The YouTube-to-horror feature filmmaker pipeline has been proving particularly profitable over the past couple of weeks. Curry Barker’s Obsession sits at $111 million-plus in its third week of release, while the Kane Parson-directed Backrooms has also crossed $100 million domestically.

    Barker and Parsons are the latest directors to have blown up after cutting their teeth with an internet audience. Before them, it was the Philippou brothers who parlayed online notoriety into a feature debut, Talk to Me, that landed at A24 after a Sundance Film Festival debut and quickly begat a sequel. Long before them, there was David Sandberg, who released horror short films online under the name ponysmasher before landing a feature deal for his film Lights Out.

    While horror directors have long had a reputation for stretching a dollar and finding creative solutions to filmmaking problems, the directors coming out of YouTube are seen as being able to do so on an even smaller scale, all while capturing the attention of the easily distracted Gen Z masses.

    As the genre continues to be reliably bankable for both the major studios and specialty outfits, there has been a land grab for the next stars in the space. The Hollywood Reporter called insiders to see who could be on deck.

  • ‘Boomah,’ Gritty New Feature From ‘Daughters of Abdulrahman’ Director Zaid Abu Hamdan, Set For Shanghai Film Festival Bow

    ‘Boomah,’ Gritty New Feature From ‘Daughters of Abdulrahman’ Director Zaid Abu Hamdan, Set For Shanghai Film Festival Bow

    Jordanian director Zaid Abu Hamdan is set to launch the follow up to his female empowerment drama “Daughters of Abdulrahman,” the gritty crime thriller “Boomah,” set to soon bow from the Shanghai International Film Festival that is becoming an increasingly prominent launching pad for Arab cinema.

    Shot in Jordan during an especially challenging period for the war-torn region, “Boomah” segues from Hamdan’s dramedy about four semi-estranged sisters who join forces to contend with the Jordanian patriarchy with what is being described in promotional materials as “a raw, emotionally charged crime thriller about survival, motherhood and the people society leaves behind” that captures a side of Jordan rarely seen on screen.

    With “Boomah” the Jordanian helmer continues to explore the female empowerment space with this tale of a notorious and knife-savvy female gang member, the film’s titular character, who becomes embroiled in a power struggle between street thugs and religious extremists while battling the traumas of her harrowing orphaned past.

    Leading “Boomah” is Jordanian actress Rakeen Saad, known for her central roles in Netflix hit original series “AlRawabi School for Girls” and “The Giza Killer” and who also has a part in Terrence Malick’s long-gestating biblical drama “The Way of the Wind.” Saad is joined by Majd Eid (“Once Upon a Time in Gaza”), Joanna Arida (“AlRawabi School for Girls”), and Hanan Hilo (“Daughters of Abdulrahman”).

    “Boomah was born from very local wounds, but its heart is universal: the need to belong, the pain of being unseen, and what happens when survival and pain become a language,” said Zaid Abu Hamdan in a statement for Variety. “I was inspired by stories of real women in Jordan who were feared, judged, and misunderstood, but rarely truly seen. To have the film meet the world for the first time at the Shanghai International Film Festival is a profound honor,” he added.

    “Boomah” is about people at the very bottom of the food chain, the ones society ignores until it needs them, uses them or punishes them,” noted the film’s producer Gianluca Chakra. “These are people surviving on the margins, trying to force their way into a system that was never built for them.”

    “Crime here is not glamour. It is labour, currency and survival. What drew us to the film was not the violence, but the humanity underneath it. Beneath the crime thriller is a story about motherhood, belonging and people fighting to carve out a place for themselves in a world that has already decided they don’t matter. That is why the film travels beyond Jordan. These people exist everywhere,” Chakra continued.

    “Boomah” was produced by Chakra’s Front Row Productions, the production arm of Front Row Filmed Entertainment, in collaboration with Bounce Productions. The film received support from the Red Sea Fund and the Royal Film Commission – Jordan. Front Row Filmed Entertainment holds global rights to “Boomah” and place to release the film across the MENA region in the fourth quarter of this year.

  • Kraken expands into tokenized US IPO access through xStocks

    Kraken expands into tokenized US IPO access through xStocks

    Payward, the parent company of crypto exchange Kraken, will soon allow retail investors outside traditional brokerage channels to participate in US listed initial public offerings through tokenized equity allocations at the IPO price.

    The company said its xStocks framework will let eligible customers of Kraken and select xStocks Alliance members submit interest in upcoming US listed IPOs before a company goes public. If allocations are approved, users would receive tokenized shares at the offering price on listing day through the exchange they already use.

    The product targets a part of capital markets that has historically favored institutional investors, private banking clients, and platforms with direct underwriter relationships. Retail investors often gain access only after shares begin trading publicly, when prices may already have moved above the IPO level.

    Under the process, partner exchanges will open an indication of interest window in the weeks before a listing. Customers can submit non binding offers within the company’s indicated price range, while Payward Services aggregates demand and works with an underwriting syndicate on behalf of xStocks Alliance partners.

    On listing day, finalized IPO allocations will be tokenized and distributed to eligible customers. Each tokenized equity will be backed 1:1 by the underlying share, which will be held in custody by a regulated entity.

    Mark Greenberg, Global Head of Payward Services, said going public should mean public to everyone. He added that access to IPO pricing has long depended on geography and net worth, while Payward’s xStocks infrastructure aims to make similar access available to retail investors in markets such as Medellín, Madrid, and Malaysia.

    The offering builds on xStocks, Payward Services’ tokenized equities framework designed to make equity exposure portable across crypto platforms. The company said xStocks tokens are blockchain agnostic, interoperable across chains, composable with DeFi protocols, and available through platforms in the xStocks Alliance.

    Payward said the xStocks framework has processed more than $30 billion in total transaction volume in its first year, including more than $6 billion settled onchain across over 125,000 unique holders globally.

    Payward said the first tokenized IPOs powered by xStocks will be available in the coming weeks to customers of Kraken and other xStocks Alliance members, with plans to expand the offering to additional markets and partners.

  • Revolut plans US bank with FDIC insured accounts, stablecoins, and crypto trading

    Revolut plans US bank with FDIC insured accounts, stablecoins, and crypto trading

    Revolut expects to start operating its US bank next year as the UK fintech expands its push into regulated banking, stablecoins, and multi asset financial services, according to a Reuters report.

    The company’s US bank is expected to offer FDIC insured products, including high yield investment and checking accounts, according to Cetin Duransoy, Revolut’s recently appointed US CEO. US clients will also have access to stablecoins, deposits in multiple currencies, stock trading, and crypto trading.

    Revolut applied for a US national bank charter in March. Duransoy said the bank is expected to be headquartered in Stamford, Connecticut, with an additional office in New York.

    The company plans to focus first on clients with international financial needs. Revolut’s app supports services in more than 30 currencies, positioning the bank to serve retail and business customers that need access to dollars, rupees, Latin American currencies, and other foreign exchange products.

    Revolut will not operate physical branches, though clients will have access to ATM networks.

    The expansion comes as Revolut scales its US ambitions from a relatively small base. The company has 75 million clients globally, including 1 million in the US. Many of its US users already know the fintech through its operations in Europe, Latin America, or Asia.

    Revolut reported 4.5 billion pounds, or about $6 billion, in revenue last year, along with 1.3 billion pounds, or roughly $1.75 billion, in net profit. The privately held company was valued at $75 billion in its latest funding round.

    CEO Nik Storonsky has said Revolut does not plan to list its shares before 2028.