Uphold Cuts 85 Jobs, 17% of Staff, in Pivot to Enterprise

Uphold cut 85 employees and contractors — 17% of staff — as retail crypto trading slows and the platform shifts investment to enterprise services.

• Uphold has laid off 17% of its staff (85 employees) due to a slowdown in retail crypto trading.
• The company is pivoting its investment and resources towards growing its enterprise services business, providing crypto infrastructure to financial institutions.
• Despite the restructuring, Uphold plans to expand its retail app into a broader financial platform offering stocks, tokenized securities, and other services.

Topics: Infrastructure providers, Scalability, Institutional adoption, Tokenization platforms, Institutional capital inflows, Asset manager initiatives

Tags: #uphold #layoffs #enterpriseservices #retailcryptotrading #blockchaintechnology #financialinstitutions #tokenizedsecurities #digitalassets #cryptoinfrastructure

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Uphold Cuts Staff. The Money Now Goes to Its Bank-Facing Business

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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