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AI & Enterprise

Nvidia weighs investment in Mercury at $20 billion valuation

Nvidia is moving to invest in Mercury, a supplier of training data for its AI models, in a deal that could value Mercury at $20 billion. Mercury sells training data used to build AI models, and General Catalyst is reported to be discussing leading the funding round. The company’s revenue has surged, with annual revenue topping $2 billion in June 2026 and first-half revenue at $614 million. The talks come as scrutiny of recycling finance resurfaces and market indicators have shifted.

Crypto

Bank of England tests trade finance payments using stablecoins and digital pound

The Bank of England is testing a payments structure that uses stablecoins and a simulated digital pound in cross-border trade finance. The trial, run at its Digital Pound Lab, is designed to check whether stablecoin payments and digital pound settlement can work in a single flow. It uses no real customer funds. The central bank said the exercise does not signal future policy direction or endorse any company or product, and it has not decided whether to issue a digital pound.

Fintech

HSBC enters UK digital securities sandbox after Bank of England approval

HSBC has received Bank of England approval to operate its digital asset platform, HSBC Orion, in the UK Digital Securities Sandbox. According to Cointelegraph, the platform supports the issuance, post-trade servicing and settlement of digital securities. HSBC Orion will operate as a digital securities depository within the sandbox. The platform supports bonds issued directly in digital form, including the planned UK digital gilt instrument and corporate bonds.