Capitolis announced on October 6, 2026, that it had completed a $220 million financing package comprising a $120 million Series E equity round and roughly $100 million in debt. The equity round valued the company at $1.9 billion, approximately 19% above its valuation in a 2022 funding round. Citi led the equity investment, joined by new strategic investors Bank of America, Nomura and Tradeweb Markets, as well as five existing investors. Three lenders provided the debt financing. The financing follows Capitolis’ September 29 agreement to acquire eSecLending from Parthenon Capital in a $200 million all-cash transaction. The acquisition has not closed and remains subject to regulatory approvals and antitrust clearance. eSecLending (Europe) Limited is excluded from the purchase but will continue providing services to eSecLending. If the transaction closes, eSecLending’s 120 employees will join Capitolis’ existing 200-person team, and Parthenon Capital will reinvest in Capitolis.

Modern Treasury applied to the Office of the Comptroller of the Currency on October 5, 2026, to establish a limited-purpose national trust bank focused on stablecoin custody and settlement. The proposed institution would connect stablecoin and fiat transactions with the company’s existing payment infrastructure under direct federal supervision. Its software and payment services would remain separate. The bank would safeguard client assets and facilitate settlement, but would not make commercial loans, accept retail demand deposits or issue a stablecoin. The application follows Modern Treasury’s 2025 acquisition of Beam, which expanded its stablecoin payment capabilities. A national trust charter could provide a single federal framework for authorized custody and fiduciary services. The filing is in the OCC’s initial review and public comment stage. The bank cannot open without final authorization and satisfaction of pre-opening requirements. Modern Treasury’s bid comes amid growing scrutiny of digital-asset trust charters, with traditional banking groups raising concerns about FDIC coverage and banking safeguards.