Hong Kong-based fintech Reap has partnered with identity verification and anti-fraud platform Sumsub to strengthen its onboarding and compliance infrastructure as the company expands into new international markets. The collaboration will allow Reap to automate Know Your Customer (KYC) and verification processes for both business clients and end cardholders, helping the company maintain regulatory compliance while delivering a seamless user experience across jurisdictions. Reap, which specializes in stablecoin-powered cards, cross-border payments, and financial infrastructure for businesses, has been rapidly expanding beyond the Asia-Pacific region. As regulatory requirements continue to evolve across different markets, the company is seeking scalable compliance solutions that can support global growth. According to Reap's Head of Legal, Risk and Compliance, Darryl Wan, onboarding plays a critical role in customer experience and must remain both efficient and compliant regardless of...
Institutional interest in tokenization is accelerating as large banks, asset managers and market infrastructure players explore how on-chain assets and stablecoins can lift capital efficiency and liquidity. At the WAIB Summit 2026 in Monaco, executives from Franklin Templeton and BNP Paribas outlined how tokenized assets could modernize Europe’s capital markets by streamlining settlement, improving collateral mobility, and enabling more seamless cross-border activity. Rafael Mastroberardino, head of digital assets partnership development at Franklin Templeton, framed tokenization as a path to greater “optionality and flexibility” for both banks and corporate treasuries—and as a catalyst for institutions to roll out their own offerings. Julien Clausse, head of BNP Paribas CIB’s tokenization platform, emphasized that blockchain can host multiple asset types on a single chain, provided those assets can interact meaningfully, unlocking new institutional use cases. The momentum reflects a b...