FTX sells off subsidiary at 95% discount (TWIF 2/18)

Enterprise blcokchain and crypto provider Ripple announced that it has agreed to acquire Standard Custody & Trust Company, a regulated platform for digital assets, to expand its licenses.

Bankrupt crypto exchange FTX's debtors estate filed to sell its subsidiary Digital Custody, which it acquired in 2022 for $10 million, to CoinList for $500,000.

Israeli HR management platform HiBob will acquire the UK's Pento, which specializes in cloud-based payroll systems, for $40 million in stock and cash.

Avenu, a provider of revenue recovery and administrative solutions for state and local governments, will acquireJudicial Innovations, a provider of cloud-based payment and case management solutions.

Private equity firm Nordic Capital will acquireZafin, a Canadian core modernisation and transformation SaaS for banks and credit unions.

Virgin Money will take full ownership of its own digital wealth management platform, buying out joint investor abrdn for £20 million.

American global electronic payment services provider Euronet will acquireInfinitium, a digital payments company and provider of risk management and payments authentication services based in Singapore.

Global consulting firm Oliver Wymanreached an agreement to buy Innopay, a leading consultancy specialised in digital transactions.

Stockpile, a financial learning platform for kids and parents, acquired the tech and IP of Investables, an alternative investing platform.

Carbon, a pan-African banking provider for small businesses, acquiredVella, an American provider of cross-border payments, crypto transactions, and SMB banking for Africans.

American payments provider Global Payments is close to acquiring Takepayments, which provides payment services for UK merchants, and which generated revenues of £52.7 million, for over $250 million.

UK bank Barclays is in the early stages of considering a bid for Société Générale's UK private bank.