Tonucci Paolo sold $1.1M of MRX

Marex Group (Nasdaq: MRX) said clients can post USDC as initial-margin collateral for CFTC-regulated cleared derivatives, under a July 16 program. The first end-to-end transaction used Prime Trading LLC posting USDC to Marex, with Coinbase providing custody and 1:1 conversion to dollars, and Marex handling valuation, haircuts, and reporting. CFTC staff letters 25-40 and 26-05 set conditions.

Keefe Bruyette raised its price target on Marex Group (NASDAQ:MRX) to $80 from $60 and kept an Outperform rating on July 9. The firm cited Marex’s plan to acquire Bright Point International, an Asia-focused clearing business, to expand in APAC and China. The deal adds about $800m in client balances and 70+ employees, subject to regulatory approval, expected late 2026 to early 2027.

Marex Group (MRX) said it will acquire Singapore-based Bright Point International to expand its Asia-Pacific footprint and access China markets. Terms were not disclosed. Marex expects added revenue from new clients and higher balances, plus synergies from internalizing some clearing activities. The deal would add about $800m in client balances and 70+ employees, with closing targeted for late 2026 or early 2027.

Marex Group Limited (NASDAQ: MRX) agreed to acquire Bright Point International (BPI), a Singapore-based multi-asset clearing business focused on Asia Pacific and China-linked clients. The deal adds about $800m in client balances and 70+ employees, and is expected to close late 2026 or early 2027, subject to regulatory approval.

Marex Group plc (Nasdaq: MRX) said it has completed a $500 million offering of perpetual subordinated resettable fixed-rate hybrid notes. The company plans to use net proceeds for general corporate purposes, including funding a tender offer to buy back $100 million of 13.250% fixed-rate reset perpetual subordinated contingent convertible notes and acquisitions. Joint bookrunners were Barclays, Goldman Sachs, and Jefferies.

Marex Group shareholders approved the company’s plan to redomicile to Bermuda at a London general meeting, with all resolutions passing by nearly 9-to-1. Marex, listed on Nasdaq, plans to reorganize into four regional subgroups under a new Bermuda parent. The company said the move would largely keep tax residence and operations unchanged, aiming to simplify structure, reduce administrative costs, and align Bermuda’s corporate law with its Nasdaq listing.