Odaily Planet Daily reports: Nasdaq-listed Bitcoin treasury company Genius Group has disclosed a strategic investment of $5 million in digital bank Jewel Bank, acquiring a 9.9% equity stake. Jewel Bank is developing the USD-backed stablecoin JUSD, planned to be supported 1:1 by cash and U.S. Treasury reserves, with a target launch in the second half of 2026. It will also introduce a real-time settlement system and white-label banking and stablecoin infrastructure services for enterprises. Following this investment, Genius Group will enter the regulated digital banking and stablecoin issuance sector. (Globenewswire)
Genius Group Invests $5 Million in Digital Bank Jewel Bank for a 9.9% Stake
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Summary
Genius Group, a Nasdaq-listed Bitcoin custodian, has invested $5 million in digital bank Jewel Bank for a 9.9% stake, according to Odaily. Jewel Bank is developing a USD-backed stablecoin, JUSD, to be fully backed by cash and U.S. Treasury assets. The bank plans to launch the stablecoin in late 2026 and is building a real-time settlement system and white-label banking infrastructure. This move aligns with evolving digital asset regulations and occurs amid global initiatives such as MiCA (EU Markets in Crypto-Assets Regulation).
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