Block (XYZ) Company Report

Block, Inc. has provided more than $200 billion in lending across its credit products, including Cash App Borrow, Afterpay, and Square Loans.
The company's underwriting leverages near real-time behavioral data, which has enabled approximately 38% more Cash App Borrow approvals at comparable loss rates, with stable loss rates since 2013.
Key performance metrics include a 97% repayment rate for Cash App Borrow's short-term loans, about 96% of Afterpay installments paid on time, and Square Loans maintaining loss rates below 3%.
Square Loans has directed 58% of its loans to women-owned businesses and 34% to minority-owned businesses.

14 hours ago

Morningstar

Anchorage Digital Seeks Capital Ahead of Potential IPO

XYZ

New Projects/Investments

M&A

Anchorage Digital is seeking $200 million to $400 million in fresh capital in anticipation of a potential IPO next year.
The company's affiliate operates as the first federally chartered U.S. digital-asset bank and has partnered with Tether to launch a U.S. stablecoin called USAT.
Anchorage has diversified through strategic acquisitions, including Securitize For Advisors and Hedgey, and is backed by major investors such as Goldman Sachs and Andreessen Horowitz.

4 days ago

Bloomberg

Block, Inc. Amends and Restates Revolving Credit Agreement

XYZ

Debt Issuance

Block, Inc. executed an Amended and Restated Revolving Credit Agreement on January 14, 2026, increasing its unsecured revolving loan facility from $775.0 million to $900.0 million.
The credit facility, with Goldman Sachs Bank USA as administrative agent, matures on January 14, 2031.
As of the agreement date, no borrowings or letters of credit were outstanding under the facility.
The agreement stipulates interest rates based on Term SOFR or a base rate, with margins dependent on Block's total net leverage ratio, and requires compliance with a maximum total net leverage ratio measured quarterly.

6 days ago

8-K

Fireblocks Acquires TRES Finance

XYZ

M&A

New Projects/Investments

Fireblocks has acquired Israeli crypto accounting and financial reporting platform TRES Finance for approximately $130 million in cash and equity.
This acquisition adds audit-ready accounting and reporting capabilities to Fireblocks' digital-asset infrastructure, enabling institutions to reconcile onchain activity and produce tax- and audit-compliant records.
TRES Finance, founded in 2022, currently serves over 230 companies for tax compliance, reconciliation, and audit-ready reporting.
The deal, reported on January 7, 2026, is part of Fireblocks' broader expansion strategy, which includes a previous acquisition of Dynamic in October 2025 for about $90 million.

Jan 7, 2026, 2:04 PM

Fortune

Ripple Confirms No IPO Plans

XYZ

M&A

Share Buyback

New Projects/Investments

Ripple has confirmed it will remain private with no immediate plans for an IPO, stating it can fund growth without going public.
The company recently completed a $500 million funding round in November, valuing Ripple at approximately $40 billion.
In 2025, Ripple made significant acquisitions, including prime broker Hidden Road for $1.25 billion and treasury software provider GTreasury for $1 billion, to expand its payments, stablecoin, and institutional infrastructure.
To provide liquidity to shareholders, Ripple conducted a $1 billion tender offer in early 2025 and has repurchased over 25% of its outstanding shares in recent years.

Jan 6, 2026, 6:50 PM

Bloomberg

Ostium Raises $24M for Onchain Perpetual Futures

XYZ

New Projects/Investments

Ostium, a decentralized exchange, has successfully raised $24 million in new funding, including a $20 million Series A co-led by General Catalyst and Jump Crypto, bringing its total funding to $27.8 million and valuing the company at approximately $250 million.
The platform, built on the Arbitrum layer 2 Ethereum protocol, specializes in perpetual futures trading for real-world assets such as stocks, commodities, indices, and FX.
Ostium has processed $25 billion in cumulative trading volume, including $5 billion in metals trading, and aims to disrupt the $10 trillion global CFD broker market by offering transparent and efficient alternatives.

Dec 3, 2025, 3:06 PM

Morningstar

Bitkub Considers Hong Kong IPO

XYZ

New Projects/Investments

Delisting/Listing Issues

Bitkub, Thailand's largest cryptocurrency exchange, is reportedly exploring an initial public offering (IPO) in Hong Kong, aiming to raise approximately $200 million.
The potential IPO could occur as early as next year (2026), driven by Hong Kong's efforts to become a regional digital-assets hub through eased regulations and disappointing performance in Thailand's domestic stock market in 2025.
Hong Kong's IPO market is on track for a four-year high in proceeds, signaling strong momentum for new listings.
Bitkub maintains a significant market presence with a total 24-hour trading volume of $60.75 million.

Nov 24, 2025, 7:42 AM

Bloomberg

Block's Cash App Launches Major Product Expansion

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Product Launch

New Projects/Investments

Cash App has introduced Moneybot, an AI assistant designed to provide personalized financial insights and actionable advice to users.
The platform launched Cash App Green, a new benefits program offering banking perks such as no ATM fees and up to 3.5% APY on savings balances, expanding access to over 8 million users.
Borrowing options have been expanded to 48 states, allowing eligible users to access up to $500 without credit checks, noting a 97% repayment rate and accessibility for users with lower credit scores.
Enhanced Bitcoin functionality includes Lightning Network payments and a merchant map for Bitcoin acceptance.

Nov 13, 2025, 11:08 AM

Morningstar

JPMorgan and DBS Develop Cross-Blockchain Deposit Framework

XYZ

New Projects/Investments

Product Launch

JPMorgan and Singapore’s DBS Bank are developing an interoperability framework to enable instant, 24/7 cross-bank, cross-chain transfers of tokenized deposits for institutional clients.
This system will link JPMorgan’s Kinexys Digital Payments (including JPM Deposit Tokens) with DBS Token Services, aiming to facilitate transfers without relying on traditional banking rails and reduce fragmentation in cross-border payments.
The initiative aligns with JPMorgan's broader tokenization plans, which include a 2026 launch for Kinexys Fund Flow and future expansion into private credit and real estate tokenization.
Both JPMorgan and DBS were backers of Patrior, a blockchain settlement network and payment platform that raised $60 million in July 2024, signaling broader institutional support for blockchain payment infrastructure.

Nov 11, 2025, 1:15 AM

CNBC

Atlassian Completes DX Acquisition

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M&A

Atlassian Corporation (NASDAQ: TEAM) has completed the acquisition of DX, a leader in engineering intelligence.
This acquisition aims to advance engineering intelligence for enterprises, providing unparalleled visibility into developer experience and helping organizations measure and improve developer productivity and satisfaction.
DX will be integrated into Atlassian’s System of Work and added to the Atlassian Software Collection, which includes products like Jira and Bitbucket, to empower developers with an AI-native SDLC.

Nov 10, 2025, 9:05 PM

Press Release