Genius Group has closed an $8 million offering to acquire a 9.9% stake in Bermuda-based Jewel Financial, a move aimed at expanding digital banking services for stablecoin issuers and the broader crypto industry.
Deal overview
The funding will support the purchase of a minority equity position in Jewel Financial, positioning Genius Group to participate in the growth of banking infrastructure tailored to digital assets. The 9.9% stake underscores a non-controlling investment while signaling confidence in Bermuda’s emerging role as a hub for crypto-friendly banking.
Focus on stablecoin banking
Genius Group said the investment targets growth in stablecoin-related banking, an area that continues to face limited access to traditional financial rails. By backing a digital bank in Bermuda, the company aims to support fiat settlement, payments, and related services that underpin stablecoin issuance and circulation.
Bermuda’s regulatory backdrop
Bermuda has positioned itself as a destination for digital asset businesses with a dedicated regulatory framework and licensing regime. That environment has attracted firms seeking compliant banking relationships, particularly as stablecoins and crypto platforms look for reliable settlement and custody partners.
No additional financial terms were disclosed beyond the offering size and the intended 9.9% equity stake.