| Mobile Web

Search results for Frankfurt

Crypto

Ethereum Institutional launches to target tokenisation and stablecoins

Ethereum Institutional, a non-profit dedicated to institutional engagement in the Ethereum ecosystem, officially launched on July 1. It separates functions previously handled by the Ethereum Foundation’s business development team and will focus on banks and asset managers. The group plans hubs in several financial centres and will work across five areas including education, marketing and standards. Executives cited growing interest in tokenisation and stablecoins.

AI & Enterprise

Alibaba Cloud starts first France data centre, builds third Europe hub

Alibaba Cloud has opened its first data centre in France, establishing its third European base after Germany and Britain. The facility, located in Paris, is intended to address rising demand for data sovereignty and local cloud services, the company said. Alibaba Cloud also plans to roll out agentic AI services across Europe in the second half of this year. The move comes as European firms and regulators put greater emphasis on keeping data stored domestically or within the region.

Industry

Focused Energy raises $240 million in Series A funding for laser fusion

German laser fusion company Focused Energy said on May 27 it has completed a $240 million Series A funding round, the largest such round in the global fusion industry. It said the financing makes it Europe’s highest-valued fusion company. RWE invested $60 million as a strategic investor and industrial partner. The funding will be used to develop a former RWE nuclear plant site in Biblis, Hesse, to build an industrial laser fusion power plant targeted for the mid-2030s.