Genius Group (GNS) has announced its entry into the regulated digital banking and stablecoin sector through a 9.9% equity stake in Jewel Bank, a Bermuda-based digital bank. Jewel Bank is licensed by the Bermuda Monetary Authority, holding both a banking license and a Class F digital asset business license.
The company also reported significant financial growth, with a 171% increase in operating revenue year-over-year for Q1 2026, and a 228% rise in gross profit to $2 million. Genius Group projects its full-year revenue to be between $20 million and $22 million.
Genius Group Expands into Digital Banking and Stablecoin Issuance
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
