Visa Introduces Platform for Stablecoin Minting, Movement and Management

 SAN FRANCISCO -

The Visa Stablecoin Platform gives financial institutions, fintechs and other payment providers a single environment to come onchain and run stablecoin operations with Visa.

(BUSINESS WIRE) -- Today, Visa (NYSE: V) announced the Visa Stablecoin Platform (VSP), a new enterprise platform designed to help financial institutions, fintechs, and crypto natives access stablecoin capabilities through a single Visa-managed environment.

Building on Visa’s broader crypto strategy, VSP gives FIs, fintechs and other payment providers a simple way to access, store, and redeem stablecoins, beginning with Open USD (OUSD), a new stablecoin recently introduced by Open Standard. This includes onchain wallet infrastructure through a newly introduced Wallet-as-a-Service offering and connectivity for minting and burning Open USD.

“Stablecoins are opening up a new layer of programmable money, but for most institutions the hard part isn’t the concept, it’s the operational reality,” said Jack Forestell, Chief Product and Strategy Officer, Visa. “With the Visa Stablecoin Platform, we’re giving our clients a single place to mint, move and manage stablecoin operations with the controls, security and network reach they already expect from Visa. It’s how we help them turn interest in stablecoins into real products and real payment flows.”

Visa Stablecoin Platform provides direct access to a range of stablecoin capabilities and flows alongside Visa’s network, risk and fraud capabilities, so institutions can move from exploration to implementation with greater confidence. This includes:

Access to Open USD: VSP integrates seamlessly into the Open Standard, providing institutions with direct access to Open USD alongside Visa’s network services. This gives clients a way to easily mint, burn, manage and transfer Open USD, bringing fiat onchain and managing flows in an environment they already trust.

Onchain wallet infrastructure: VSP packages the wallet infrastructure, controls and workflows needed to make stablecoins usable inside real-world treasury, settlement and product stacks for a range of institutional use cases.

Integration into Visa’s network: VSP is designed to enable connectivity of stablecoins into Visa’s network and tools, allowing users to embed stablecoin capabilities into existing payment flows, treasury operations and settlement processes. For existing Visa clients using Visa’s settlement, treasury and currency solutions, VSP provides direct interoperability to seamlessly integrate stablecoins into the workflows and systems they rely on today.

Built for trust on day one: VSP allows institutions to interact with stablecoin flows with the same security and trust that Visa is known for. Users will have access to features like dual-control approval for workflows, where one user initiates a sensitive action and another authorized user must approve it, comprehensive audit logging, and Wallet-as-a-Service features of secure passkeys and allow lists to control transfers, to help provide the level of security and control they require to operate.

VSP is interoperable with Visa's existing stablecoin offerings, including stablecoin settlement, stablecoin-linked cards, and stablecoin money movement. Together, these capabilities provide a full stack of solutions that help FIs and fintechs come onchain and enable crypto platforms to access Visa's global network.

How to get Started

Onboard and operate: Institutions can onboard into a Visa-managed wallet stack or connect existing wallets, creating a single home to manage stablecoin mint, burn, and transfer activity.

Connect bank accounts and controls: Clients can link bank accounts and configure approvals, users and policies to govern who can initiate and approve stablecoin movements.

Mint, move and manage stablecoin operations: From the start, VSP supports minting, redeeming, holding and transferring stablecoins, beginning with Open USD, as part of treasury, settlement and liquidity workflows.

VSP, including Wallet-as-a-Service, is initially available for beta testing with select clients, providing an early opportunity to explore how stablecoins fit into their strategies. As clients test and refine use cases, Visa will use those learnings to inform how and where the platform scales to broader market availability.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

 

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Andersen Consulting Adds Collaborating Firm Smartbridge

 SAN FRANCISCO - Thursday, 16. July 2026 AETOSWire 

(BUSINESS WIRE) -- Andersen Consulting announces a Collaboration Agreement with Smartbridge, a Texas-based digital and AI technology firm, enhancing its capabilities in data and analytics, and digital transformation services.

Founded in 2003, Smartbridge helps organizations accelerate their digital transformation and modernize operations through digital innovation, AI, data and analytics, and application modernization services. The firm works with clients in the oil and gas, medtech, and restaurant industries, combining advisory and technology services to enable enterprise transformation and growth. Leveraging strategic relationships with leading technology providers, Smartbridge helps organizations connect data, improve decision-making, and accelerate business outcomes.

“Organizations today are looking to accelerate their digital and AI transformation and are searching for practical ways to translate innovation into measurable business value,” said Sri Raju, CEO of Smartbridge. “Our team focuses on helping clients modernize and build the capabilities they need to deliver exceptional experience to their customers and create financial growth for their shareholders. Through our collaboration with Andersen Consulting, we broaden and deepen our capabilities, enabling Smartbridge to deliver integrated end-to-end services for our clients, many of whom have global operations.”

“Smartbridge has always been focused on helping clients solve complex operational challenges with practical, scalable solutions while driving the adoption that delivers measurable outcomes,” said Steve Senterfit, president of Smartbridge. “This collaboration deepens that ability and gives our clients access to broader capabilities as they scale.”

“Technology transformation is most effective when innovation, data, and execution are aligned,” said Mark L. Vorsatz, global chairman and CEO of Andersen. “Smartbridge brings a practical approach to helping organizations modernize critical functions, apply emerging technologies, and accelerate business performance.”

Andersen Consulting is a global consulting practice providing a comprehensive suite of services spanning corporate strategy, business, technology, and AI transformation, as well as human capital solutions. Andersen Consulting integrates with the multidimensional service model of Andersen Global, delivering world-class consulting, tax, legal, valuation, global mobility, and advisory expertise on a global platform with more than 50,000 professionals worldwide and a presence in over 1,000 locations through its member firms and collaborating firms. Andersen Consulting Holdings LP is a limited partnership and provides consulting solutions through its member firms and collaborating firms around the world.

 

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Dryad Networks Reaches XPRIZE Wildfire Finals Milestone, Demonstrating Autonomous Detection and Suppression of Wildfires in Alaska

 (BUSINESS WIRE)--Dryad Networks, the leader in ultra-early wildfire detection technology, today announced a major achievement in the finals of the Autonomous Wildfire Response track of XPRIZE Wildfire, a four-year, $11 million global competition accelerating new solutions to end destructive wildfires.

Competing against just two other finalists selected from an original field of nearly 300 teams worldwide, Dryad successfully demonstrated the integrated capabilities of its Silvanet wildfire detection network and Silvaguard autonomous firefighting drone system during final testing in remote Alaska.

The XPRIZE Wildfire finals challenged teams to autonomously detect and suppress a wildfire without any human intervention across a vast 1,000 square kilometer test area in Alaska in June 2026. During the competition, Dryad’s Silvanet wildfire sensors detected a small wildfire within minutes of ignition and triggered an autonomous response from the company’s Silvaguard drone system, which located and attacked the fire without human involvement.

“This achievement is one of the proudest moments in Dryad’s history,” said Carsten Brinkschulte, CEO and Co-Founder of Dryad Networks. “To stand among the final three teams in the world and demonstrate a fully autonomous system that can detect and respond to wildfire ignitions within minutes validates the technology, vision, and dedication of our entire team. The performance of both Silvanet and Silvaguard exceeded our expectations under extremely challenging conditions,” Brinkschulte added. “The competition validated that ultra-early detection combined with rapid autonomous suppression can fundamentally change how society fights wildfires. Detecting fires within minutes and extinguishing them before they become catastrophic is no longer a vision for the future. It is a reality.”

The winner of the XPRIZE Wildfire competition is expected to be announced in September 2026. However, Dryad views its successful performance in the finals as a significant milestone in the global effort to prevent catastrophic wildfires and protect communities, ecosystems, and critical infrastructure.

About Silvanet

Silvanet is Dryad’s fully industrialized, solar-powered wildfire detection network designed to identify wildfires within minutes of ignition in remote forests and wildlands. The system is built around the Silvanet Wildfire Sensor, an AI-enabled environmental sensor that continuously monitors volatile organic compounds (VOC), carbon monoxide (CO), and particulate matter (PM2.5) associated with the earliest stages of wildfire ignition.

The sensors communicate through the company’s proprietary Silvanet Mesh Network and direct-to-satellite connectivity, enabling reliable operation even in remote regions without cellular coverage. Silvanet has already been deployed by more than 50 customers worldwide, and more than 30,000 sensors have been manufactured and deployed across forests, critical infrastructure, and wildfire-prone landscapes globally.

About Silvaguard

Silvaguard is Dryad’s next-generation autonomous wildfire suppression platform designed to stop wildfires while they are still small and manageable.

The system consists of two autonomous drone platforms:

The Silvaguard Observation Drone automatically launches when a Silvanet sensor detects a potential wildfire. Equipped with infrared and optical imaging systems, it rapidly locates and precisely geolocates the fire while providing instant situational awareness.

The Silvaguard Suppression Drone autonomously deploys up to 100 liters of fire suppressant directly onto the ignition point, enabling rapid extinguishment of small fires before they can spread out of control.

Together, Silvanet and Silvaguard create an end-to-end autonomous wildfire prevention system capable of detecting, locating, and suppressing wildfires within minutes, helping communities worldwide move from reactive firefighting to proactive wildfire prevention.

About Dryad Networks

Dryad Networks mission is to detect wildfires in their earliest stages and enable autonomous suppression before they become catastrophic. Dryad’s solutions protect forests, communities, critical infrastructure, and the climate from the growing threat of wildfires.

 

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illumynt Appoints Anthony Giannetti as Senior Vice President of Global Operations

 Seasoned operations leader brings two decades of OEM and ITAD experience, including Dell, Apple, and Microsoft, as illumynt scales its global AI hardware lifecycle platform

 

(BUSINESS WIRE)--illumynt, a technology-driven leader in AI hardware lifecycle recovery and IT asset disposition (ITAD), today announced that Anthony "Tony" Giannetti has joined the company as Senior Vice President of Global Operations, effective July 13, 2026.

Giannetti brings more than two decades of operations and supply chain leadership from some of the technology industry's largest OEMs, including Dell, where he managed reverse supply chain operations, and Apple and Microsoft, where he held additional operations leadership roles. His background spans production engineering, reverse logistics, and large-scale operational management, disciplines directly relevant to illumynt's work certifying and recovering value from retired AI infrastructure at scale.

"Tony has spent his career on the operational side of exactly the problem we solve for our customers — how to move retired technology through a supply chain without losing the value still in it," said Jörg Herbarth, CEO of illumynt. "That perspective is invaluable as we grow our global operations and deepen our relationships with the OEMs and hyperscalers who trust us with their hardware."

Giannetti's appointment comes as illumynt continues to expand its global operational footprint, including the upcoming opening of the Talorem Innovation Center in Columbus, Ohio, this fall. This facility will expand illumynt's engineering-grade testing, grading, and recovery capacity pushing what’s possible in AI hardware lifecycle recovery even further.

"I spent years on the OEM side wrestling with what happens to hardware after its first deployment. illumynt is the first team I've seen bring real engineering infrastructure to that problem instead of just logistics. I'm looking forward to helping scale that globally," said Giannetti.

Giannetti holds a Bachelor of Science from the United States Military Academy at West Point and a master's degree from the University of Texas at Austin.

About illumynt

illumynt is a technology-driven leader in AI hardware lifecycle recovery, providing engineering-grade testing, certification, and value recovery for retired AI infrastructure, including GPU grading, chip-level NAND recovery, and liquid-cooled hardware evaluation. illumynt's Talorem platform brings engineering rigor to an industry historically built on logistics alone.

 

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Alyson Kaye

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MultiBank Group Named Forex Broker of the Year 2026 at Money Expo Abu Dhabi

 ABU DHABI, United Arab Emirates - 

(BUSINESS WIRE)--MultiBank Group, one of the world's largest and most regulated online financial derivatives institutions, has been named Forex Broker of the Year at Money Expo Abu Dhabi. The event was held on 8–9 July 2026 at the ADNEC Centre. This flagship award recognizes the broker setting the benchmark for excellence across the global trading and fintech industry.

MultiBank Group's participation in the expo underscored its leadership position within the Middle East's financial landscape.

A Landmark Event for Trading and Fintech

Money Expo Abu Dhabi 2026 brought together traders, banks, fintech firms, liquidity providers, and market leaders from across the region and beyond. Winning top honors on this stage sends a clear signal across the entire industry.

“Being named Forex Broker of the Year is a defining moment for our Group,” said Johny Giacaman, Chief Business Operations Officer at MultiBank Group. “It reflects two decades of regulatory discipline, technological innovation, and an unwavering commitment to the traders and institutions who place their trust in us.”

Throughout the two-day event, teams from the Group's Dubai headquarters and Abu Dhabi office met with partners, investors, and traders.

The Standards Behind the Recognition

This award is earned through what MultiBank Group delivers to traders every day:

- Institutional-grade technology built for speed and precision, in every market condition

- Round-the-clock, multilingual support that treats every trader uniquely

- An unblemished regulatory record, earned trade by trade

This recognition reflects the standards MultiBank Group has consistently upheld for more than two decades.

Built on Trust and Regulation

Founded in California in 2005, MultiBank Group has grown into a global force in financial derivatives, trusted by 2 million+ clients in 100+ countries, regulated by 18+ of the world's top financial authorities, and moving over US$35 billion a day across Forex, Metals, Shares, Commodities, Indices, and Crypto. Recognition follows results: more than 80 industry awards and counting.

 

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Nikolas Neofytou

Head of Direct Buys

nikolas.neofytou@multibankfx.com

 

Tridiagonal.ai (T.AI) Partners with PETRONAS Carigali’s TriCipta AI with IBM to Advance Engineering Domain-Driven AI Solutions for Upstream Operations

 HOUSTON - 

Tridiagonal.ai will contribute engineering domain-driven AI solutions, physics-informed models and Decision Intelligence capabilities to support upstream surface equipment optimisation, maintenance reliability and asset integrity decision workflows.

(BUSINESS WIRE) -- Tridiagonal.ai Pvt. Ltd. (T.AI), the dedicated AI arm of Tridiagonal Group, announced its role in the third Joint Development Agreement (JDA) involving PETRONAS Carigali Sdn. Bhd. and IBM Malaysia Sdn. Bhd. to advance PETRONAS Carigali’s flagship TriCipta AI across the Upstream value chain.

TriCipta AI is PETRONAS Carigali’s partnership model that combines deep domain technical expertise with advanced AI technology experts to accelerate the development and deployment of upstream AI solutions.

Through this collaboration, Tridiagonal.ai’s engineering domain-driven AI solutions will support upstream capabilities for Surface Equipment Optimisation with AI. The initiative focuses on production optimisation, maintenance reliability and asset integrity decision workflows, helping bring operational data, engineering context and decision intelligence closer to critical field decisions.

The milestone was commemorated at a signing ceremony attended by Hazli Sham Kassim, PETRONAS Carigali Chief Executive Officer; Ina Czarina Arief Tham, Head TriCipta AI; Deva K Theyventheran, IBM Consulting Malaysia Managing Partner; Pravin Jain, T.AI Chief Executive Officer; Praveen Kapse, T.AI Co-Founder and Chief Operating Officer; and Dickson Woo, General Manager & Technology Leader, IBM Malaysia.

“We are honored to join PETRONAS Carigali and IBM in this third JDA to advance PETRONAS Carigali’s TriCipta AI. T.AI brings engineering domain-driven AI solutions that combine process engineering knowledge, physics-informed models, industrial AI and Decision Intelligence technologies to convert complex operational and engineering data into actionable decision support. For upstream operations, value will come from AI that understands equipment behaviour, operating constraints, reliability risk, integrity context and production trade-offs,” said Pravin Jain, Chief Executive Officer, Tridiagonal.ai.

For Tridiagonal.ai, the JDA reinforces the role of engineering domain knowledge, physics-informed AI and Decision Intelligence in moving industrial AI closer to operational decisions that create measurable value.

About Tridiagonal.ai

Tridiagonal.ai is an Industrial Decision Optimization company within Tridiagonal Group, helping asset-intensive industries transform engineering knowledge, operational data, and AI into high-value operational decisions. Its solutions combine engineering domain expertise, Decision Intelligence, physics-informed AI and decision workflows to improve production optimization, maintenance reliability, asset integrity, energy efficiency and operational excellence.

Read the full announcement on Tridiagonal.ai.

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Modon Holding and Nammos Hotels & Resorts bring Nammos Ras El Hekma to Egypt’s North Coast

  

Developed in partnership with Nammos Hotels & Resorts, the landmark Mediterranean destination will bring together branded residences, a luxury resort, restaurant and beach club, retail village, and signature dining and wellness experiences to Egypt for the first time.

Abu Dhabi-based Modon Holding and Nammos Hotels & Resorts have announced Nammos Ras El Hekma – the renowned lifestyle and hospitality brand’s first fully integrated destination in Egypt. Located within the Wadi Yemm precinct, the development will bring Ras El Hekma’s promise of timeless Mediterranean living to life, combining Nammos Residences, Nammos Resort, Nammos Village, and a curated selection of all-day dining and wellness experiences, including the globally renowned Nammos Restaurant & Beach Club.

Nammos Ras El Hekma represents a new expression of contemporary Mediterranean luxury. Reflecting both the natural beauty of Egypt’s North Coast and the refined yet vibrant lifestyle associated with Nammos, the destination introduces a lifestyle concept inspired by the spirit of the Mediterranean, combining architecture, landscape, art, and hospitality into a seamless environment.

Nammos Residences will comprise a collection of 72 one to four-bedroom apartments and a penthouse, while Nammos Resort will offer 79 hotel keys across five categories, ranging from junior suites and one- and two-bedroom suites to presidential and celebration suites. Residents and guests will enjoy access to a curated mix of hospitality, wellness, retail, and leisure facilities, creating a connected living and visitor experience within the emerging city of Ras El Hekma on Egypt’s North Coast.

At the heart of the development, Nammos Village introduces a retail concept rooted in the rediscovery of a Mediterranean village and represents the ultimate expression of shopping, wellness, and art. A destination for discovery, connection and leisure, Nammos Village creates an immersive lifestyle experience where culture, wellbeing and hospitality come together seamlessly.

The wider amenity offering will include a wellness and fitness centre, spa facilities, swimming pools and cabanas, a kids’ club, private dining environments and direct access to the hospitality experiences integrated throughout the destination. A signature feature will be the Nammos Restaurant and Beach Club, inspired by natural coastal cave formations. Designed as an immersive hospitality and leisure experience, it will bring together high-energy dining, private cabanas, sunbeds, pools, and direct beach access, capturing the most vibrant expression of the Nammos lifestyle.

Architecturally, the vision draws on Mediterranean and Cycladic design traditions, expressed through arched forms, sculpted massing, limewashed surfaces, natural materials and a strong connection between indoor and outdoor environments. The design language has been developed to complement the coastal setting while establishing a distinct identity within Ras El Hekma.

Bill O’Regan, Group CEO of Modon Holding, said: “Ras El Hekma is fast emerging as one of the Mediterranean’s most ambitious destinations, and the progress we have made to date reflects the scale of our long-term vision. With Wadi Yemm now in delivery and a growing collection of globally recognised brands choosing to be part of the destination, we are building a vibrant, year-round city designed to deliver world-class living, leisure and investment for generations to come. Nammos Ras El Hekma is a natural extension of that vision, introducing a distinctive lifestyle offering that further enhances the destination’s appeal to residents, visitors and investors alike.”

Petros Stathis, Chairman of Nammos, said: “The launch of Nammos Ras El Hekma marks an important milestone in our global growth strategy. Egypt’s North Coast is rapidly establishing itself as a world-class destination, and Ras El Hekma provides an exceptional platform for the continued expansion of the Nammos brand.”

Carolyn Turnbull, CEO of Nammos Hotels & Resorts, said: “Nammos Ras El Hekma has been designed as a place where hospitality, residences and lifestyle come together in a seamless and authentic way. Inspired by the energy, elegance and spirit that have defined Nammos for more than two decades, the destination will create exceptional experiences that connect people and celebrate life.”

Nammos Ras El Hekma forms part of the USD 35 billion Ras El Hekma masterplan, a 170.8 million square metre development transforming Egypt’s North Coast into a next-generation city expected to attract investment of USD 110 billion by 2045. Wadi Yemm is the first of Ras El Hekma’s 17 precincts to move into delivery and will also feature a series of cultural landmarks that will help shape the identity of the wider city.

Ras El Hekma is designed for seamless access by road, sea and air, placing it within four hours’ flight time of nearly half the world’s population. The destination will include a new international airport integrated with high-speed rail networks, major highways and marinas, alongside a dedicated cruise terminal. Spanning 44 kilometres of Mediterranean coastline, Ras El Hekma will deliver a mix of leisure, hospitality and cultural offerings. At its core, the destination will feature a central business and financial district, supported by education, residential and mixed-use districts designed to sustain a vibrant year-round community.

For more information, prospective buyers can visit modon.com or call 800 MODON in the UAE, 7734 in Egypt, or +201122222734 for international enquiries.

About Modon

Modon is an international holding company, headquartered in Abu Dhabi, United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX). Modon is at the forefront of urban innovation, creating iconic designs and experiences that continually surpass expectations. From real estate to hospitality, asset and investment management, events, catering and tourism, and urban infrastructure, we are bringing cities to life through delivering long-term and sustainable value.

For further information, please contact press@modon.com, visit www.modon.com or follow:

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About Nammos Hotels & Resorts

Nammos Hotels & Resorts is the hospitality and residential expression of Nammos, one of the world’s most recognized luxury lifestyle brands. Born in Mykonos in 2003 and celebrated globally for creating vibrant destinations that bring together exceptional dining, entertainment, and beach culture, Nammos has evolved naturally into luxury hotels, resorts, and branded residences, extending its distinctive lifestyle, service philosophy, and design vision to some of the world’s most desirable destinations.

Launched with the opening of Nammos Hotel Mykonos in 2023, Nammos Hotels & Resorts builds upon more than two decades of shaping experiences defined by Mediterranean elegance. Inspired by its island origins, Nammos combines effortless sophistication with a dynamic social energy that creates memorable experiences for guests, residents, and local communities alike.

Each hotel, resort, and residence is thoughtfully designed to reflect the character of its destination while delivering highly personalized service, world-class culinary experiences, wellbeing, culture and entertainment. Blending a strong sense of place with the unmistakable spirit of the Nammos lifestyle, Nammos Hotels & Resorts creates destinations where people come together to connect, celebrate and experience joyful luxury.

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Mark Robinson

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ir@modon.com

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