ChainCatcher report: 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.
Genius Group Invests $5 Million in Jewel Bank, Acquires 9.9% Stake
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Summary
Genius Group, a Nasdaq-listed Bitcoin custodian, has invested $5 million in Jewel Bank, acquiring a 9.9% stake. The digital bank plans to launch its USD-backed stablecoin, JUSD, in mid-2026, pegged 1:1 to cash and U.S. Treasury reserves. Jewel Bank also intends to introduce a real-time settlement system and offer white-label banking and stablecoin services. The investment positions Genius Group within the regulated sector under MiCA (EU Markets in Crypto-Assets Regulation). The move also raises questions regarding capital gains tax implications for future token holders.
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