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The deal follows Bit2Me's authorization under the EU's MiCA license approval, allowing it to operate across the European Union.

The initiative is aimed at modernizing payment infrastructure and reducing settlement risk, Marex said.

The firm aims to reduce settlement times and foreign exchange fees with its USDSL stablecoin, issued by Bridge.

Tokenized Treasuries such as FT's BENJI are being increasingly used for collateral and settlement as real-world asset adoption spreads.

Jürgen Blumberg, who spent over two decades at Goldman Sachs, Invesco and BlackRock heading ETF businesses, will focus on bridging DeFi and traditi...