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Genius Group Invests $5M in Jewel Bank, Acquires 9.9% Equity

GateNews

2026-05-12 13:11:43

According to ChainCatcher, Nasdaq-listed bitcoin treasury company Genius Group recently disclosed a $5 million strategic investment in digital bank Jewel Bank, acquiring 9.9% equity. Jewel Bank is developing JUSD, a dollar-backed stablecoin supported by 1:1 cash and U.S. Treasury reserves, with plans to launch in the second half of 2026. The investment marks Genius Group’s entry into the regulated digital banking and stablecoin issuance sector.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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