Uphold has cut its global headcount by 17%, laying off roughly 85 employees and contractors, CoinDesk reported, citing sources familiar with the matter.
- Uphold has reduced its global workforce by 17% to reallocate resources towards its enterprise business serving banks, fintechs, and broker-dealers.
- The company plans to continue its consumer app roadmap, including the addition of US stocks and tokenized securities by the end of 2026.
- This strategic shift aims to leverage the growing demand from financial institutions for digital asset services via API-based solutions.
Topics: Infrastructure providers, Institutional adoption, Scalability, Tokenization platforms, Major financial incumbents, Institutional capital inflows
Tags: #uphold #layoffs #enterprisebusiness #tokenizedsecurities #fintechs #brokerdealers #api #consumerapp #financialinstitutions
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