Co-op – Software Engineer

Circle has raised $440 million in what the company calls the largest crypto funding round in history. The financing ranks among the top 10 private fintech investments and will support Circle's growth, organisational development, and market expansion. Investors include Fidelity Management and Research Company, Marshall Wace, Willett Advisors, Digital Currency Group, FTX, Breyer Capital, and others. Circle provides payments and treasury infrastructure for internet businesses, enabling them to use stablecoins and public blockchains. The company's platform has processed over 100 million transactions for more than 10 million retail customers and 1,000 businesses. Circle co-develops USD Coin (USDC) with Coinbase. USDC has reached $22 billion in circulation and supported over $615 billion in transactions over the past year, growing 436% in 2021.

BofA, Citi, Goldman Sachs among 21 institutions planning stablecoin launch. The planned venture will initially focus on a US dollar stablecoin before expanding to other G7 currencies, with a euro-denominated offering next. A group of 21 major financial institutions plans to establish a new company to develop and issue stablecoins, offering another sign of traditional finance's push into digital dollars as regulatory frameworks take shape. The consortium, announced Tuesday, includes Bank of America, Goldman Sachs, Citi, Deutsche Bank, UBS, Santander, MUFG and Fidelity Investments. It plans to launch a US dollar-denominated stablecoin in the first half of 2027, subject to the company's formation and other conditions. According to the announcement, the group ultimately plans to expand into stablecoins denominated in other G7 currencies, with a euro offering identified as its next priority. The consortium said its stablecoin will target wholesale, institutional and retail markets, including use cases such as cross-border payments and digital asset settlement. The initiative is intended to comply with both the US GENIUS Act and the European Union's Markets in Crypto-Assets Regulation (MiCA), where applicable. The venture builds on an initiative announced last October, when an initial group of 10 banks said they were exploring a 1:1 reserve-backed form of digital money available on public blockchains. The consortium has since more than doubled in size, bringing together financial institutions across North America, Europe, East Asia, the Middle East and Africa. Banks deepen push into stablecoins. The move comes as stablecoins have grown considerably in recent years, with the passage of the GENIUS Act and MiCA creating clearer regulatory pathways for adoption. Elsewhere, Singapore is considering allowing jointly issued cross-border stablecoins into its regulatory regime, according to a Tuesday announcement, revisiting its earlier decision to restrict the framework to domestic issuance. Institutional interest was already taking shape in early 2025, when a Fireblocks survey of 295 executives found that 90% of respondents were using or planning to use stablecoins. Since then, major financial institutions have expanded their presence in the sector. Societe Generale's crypto subsidiary has issued euro- and dollar-denominated stablecoins, while Fidelity recently launched its US dollar-pegged FIDD stablecoin. SocGens crypto subsidiary has issued euro- and dollar-denominated stablecoins, as has Fidelity, with its FIDD US dollar-denominated entry. Last month, Standard Chartered backed a Hong Kong dollar stablecoin venture.

AtScale appoints former Fidelity CTO Mihir Shah to Board of Directors to accelerate enterprise AI momentum. Data platform pioneer brings 30+ years of enterprise scale to cement AtScale's role as the semantic foundation for trusted AI. AtScale, the leading semantic layer for enterprise AI, announced the appointment of Mihir Shah, former Chief Technology Officer and Chief Data Officer at Fidelity Investments, to its Board of Directors. "As enterprises rapidly adopt AI, access to data is no longer the primary bottleneck. Business meaning and trust are. Without a semantic layer, AI outputs remain unreliable for critical business decisions." Shah brings over three decades of experience in enterprise technology and data strategy, with a record of leading digital transformation at global scale. At Fidelity, he led the transformation of the firm's Asset Management technology platform, which supports $5.6 trillion in assets under management, and built a firm-wide, cloud-based data platform. His appointment comes as AtScale accelerates momentum to give enterprises the semantic foundation they need to deploy trusted AI at scale. "As enterprises rapidly adopt AI, access to data is no longer the primary bottleneck. Business meaning and trust are," said Mihir Shah. "Without a semantic layer, AI outputs remain unreliable for critical business decisions. AtScale connects messy enterprise data to AI-powered intelligence that enterprises can actually trust. I saw firsthand how AtScale can bring trusted business meaning to complex enterprise data, and I'm excited to help shape what comes next." Chris Lynch, CEO and Executive Chairman, of AtScale welcomed Shah's appointment: "Very few leaders in our industry have architected data systems for large scale use by AI at the scale Mihir has. He understands the friction enterprises face when trying to make AI reliable, and his experience scaling data platforms at Fidelity will shape how we expand AtScale's position as the semantic engine for modern AI coding, co-work, and AI-driven automation." In addition to his former roles as CTO, CIO of Enterprise Data & Analytics, and Head of Enterprise Architecture at Fidelity, Shah currently serves as Advisor in Residence at EY, Venture Partner at F-Prime Capital, Industry Fellow at the MIT Sloan School of Management, and advisor to Snowflake, Writer, Reltio, Skyflow, Promethium, and Finbourne.