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.

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.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.