OpenFX, a fintech startup focused on foreign exchange and remittances, raised $94 million in a Series A funding round to expand its stablecoin-based payments network.The round included Accel, Atomico, Lightspeed Faction, M13, Northzone and Pantera. The company said it plans to use the funds to increase liquidity, enter new markets and expand operations in Southeast Asia and Latin America.“The global FX market processes more than $200 trillion annually, yet the core settlement infrastructure remains largely unchanged from decades ago,” founder Prabhakar Reddy said, adding that he launched OpenFX in 2024 to address what he described as a gap in the…

In brief The proposal implements President Trump’s order last year to expand 401(k) access to alternative assets. Few retirement plans offer alternatives, and even fewer hold them, the Labor Department said. The rule clears a legal path but leaves operational hurdles and unresolved questions about demand, Decrypt was told. The U.S. Department of Labor has released a proposed rule that would give 401(k) fiduciaries a safe harbor when considering alternative investments, including funds that invest in cryptocurrencies and other digital assets.Under the proposal, fiduciaries that undergo review for performance, fees, liquidity, valuation, benchmarking, and complexity would get a safe harbor…

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