Explore Companies BySectors & Categories
Explore Companies ByUse Cases
Explore Companies ByProducts & Services
Explore Companies ByRankings & Reviews
Featured NewsCompaniesMarketsCryptoTechRegulatoryCommentaryUKUSWorldMore

    Latest Wires

      Daily Newsletter

      LF Daily News

      Daily industry focused newsletter giving you an overview for the financial & finTech industry.

      See All Newsletters
      By clicking "Sign Up" you are agreeing to our Terms of Service and Privacy Policy

      Saxo Bank refocuses core Business, divests Stake in Saxo Fintech to Geely Group

      Published: just now

      Saxo Bank refocuses core Business, divests Stake in Saxo Fintech to Geely Group

      June 29, 2023 - In an intriguing strategic move, Saxo Bank announced today that it has divested its stake in Saxo Geely Tech Holding A/S ("Saxo Fintech") to Geely Group. This divestiture is part of a broader strategy by Saxo Bank to concentrate more intensively on its core business and markets.

      The deal involves an uncommon form of compensation. Rather than a traditional cash transaction, Saxo Bank will receive its own shares in return. This share acquisition amounts to approximately 2% of the outstanding Saxo Bank shares, which leads to an adjusted ownership structure: Geely Financials Denmark now holds 49.88%, Fournais Holding 28.09%, Sampo 19.83%, and minority shareholders own the remaining 2.20%.

      Saxo Fintech, established in 2019 as a technology joint venture, was co-owned by Saxo Bank and Geely Group. The firm operates with a separate technology stack to deliver financial and regulatory technology solutions to financial institutions such as banks, brokers, and fintech companies in Mainland China.

      Post-sale, Geely Group will hold complete ownership of Saxo Fintech, underscoring the company's commitment to the fintech sector. The transaction is subject to customary closing conditions, including obtaining regulatory approval.

      We're the largest marketplace to connect with brokers, Fintech companies & digital asset firms. Want to partner? Let's get in touch.

      This content may have been written by a third party. LiquidityFinder makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplies by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
      Comments
      Most Recent
      Written By
      profile image formember on LiquidityFinder
      Founder & CEO, LiquidityFinder

      Founder of LiquidityFinder. 25+ years in Financial Markets technology. Now building the world's financial markets social network / marketplace.

      Daily Newsletter

      LF Daily News

      Daily industry focused newsletter giving you an overview for the financial & finTech industry.

      See All Newsletters
      By clicking "Sign Up" you are agreeing to our Terms of Service and Privacy Policy
      RSS Feeds

      Create a custom RSS Feed

      Select the categories and companies you wish to follow directly to your person rss feed.

      Create Custom RSS Feed

      Related Categories:

      Related Tags:

      #SaxoBank#GeellyGroup#SaxoFintech#StrategicDivestiture#FinancialTechnology#ChinaFintech

      Related Articles:

      Find The Right Partners for
      Your Trading Business

      Sign up and join over 5,000 professional members who receive personalized news alerts, curated professional connections, and more for free!

      Create Your FREE Account
      Get access to latest news, updates, real-time data, brokerage and trading firm insights and customized information feeds.

      Americans vote on November 3 for all 435 seats in the House of Representatives and a third of the Senate. The presidency is not on the ballot, which means any new Congress will still need the President's signature to turn bills into law. Markets care about the midterms less for the laws that follow and more for what changes in oversight, budgets and the regulatory mood of Washington.

      just now

      The Australian Securities and Investments Commission has said it is not currently convinced that prediction markets for retail clients are in the public interest. ASIC Chair Sarah Court said prediction market contracts have all the features of a bet, likening them to binary options, which are banned for retail clients.

      just now

      Binance has confirmed a security incident with an estimated total impact of around $6.3 billion, linked by its initial investigation to a compromised DevOps engineer's laptop. Around $3 billion has been frozen on-chain, and the exchange says it will cover all losses from its SAFU fund and company funds.

      just now

      US crypto exchange Coinbase has reported net income of $719 million for the third quarter of 2026, up 66% from $432.6 million a year earlier. Prediction markets passed $200 million in annualised revenue, and paid Coinbase One subscribers reached an all-time high.

      just now

      Webull Securities Co., Ltd., the Japanese subsidiary of Webull Corporation, has started handling US Treasury bonds, giving customers access to about 20,000 bonds as of 30 October 2026. The service lets users trade market-traded bonds like stocks, with real-time prices and yields, from $100.

      just now

      Intercontinental Exchange and Trade[XYZ] have agreed to bring Trade[XYZ]’s perpetual markets onshore in the US through a new regulated market and clearing structure for round-the-clock retail trading built on Hyperliquid, operated separately from ICE’s institutional futures franchise, subject to regulatory approvals.

      just now

      The Utah Attorney General's Office has filed 14 criminal charges against KalshiEX, LLC, the operator of US prediction market Kalshi, in a case that names co-founders Tarek Mansour, Chief Executive Officer, and Luana Lopes Lara, Chief Operating Officer, as co-defendants.

      just now

      US blockchain payments company Ripple and US crypto exchange Coinbase have partnered to make Ripple's US dollar stablecoin, Ripple USD (RLUSD), available across Coinbase's platforms

      just now

      The UK Financial Conduct Authority (FCA) has secured High Court undertakings to ensure that global crypto exchange HTX, formerly known as Huobi, will not knowingly promote cryptoasset services unlawfully to UK consumers.

      just now

      US post-trade market infrastructure provider DTCC has launched its DTCC Tokenization Service (DTS) through its subsidiary The Depository Trust Company.

      just now
      Feed