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Yorkville Moves to Acquire MAGA ETF

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Yorkville America Equities plans to acquire the Point Bridge America First ETF as part of its expanding portfolio aligned with an “America First” investment strategy.

The proposed acquisition has received approval from trustees connected to Truth Social-branded exchange traded funds and follows a recent agreement to acquire another similarly themed fund.

The move is expected to strengthen Yorkville’s ETF lineup by integrating an established fund with an existing investor base.

Once completed, the acquisitions will significantly increase the total assets linked to the Truth Social ETF franchise, which currently manages under $50 million.

The transactions are anticipated to close in the second quarter of 2026.

Visa Expands in Argentina with Prisma Deal

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Visa has announced plans to acquire payment platforms Prisma and Newpay from private equity firm Advent International, strengthening its presence in Argentina’s financial technology sector.

The acquisition will integrate Visa’s global network with established local infrastructure, supporting broader adoption of digital payment solutions across the country.

Visa indicated that the move would accelerate the rollout of technologies such as tokenization, biometric verification and advanced risk management tools for both consumers and businesses.

Prisma is one of Argentina’s largest card issuing platforms, processing billions of transactions annually for major banks. Newpay complements this ecosystem by providing payment infrastructure, ATM services and electronic bill payment systems.

The transaction is expected to be completed in early 2026, though financial terms have not been disclosed.

The development reflects ongoing efforts to modernize payment systems and expand digital finance capabilities in Argentina.

Global Tech Giants Pledge Billions to India AI

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Major technology firms and industrial groups have announced large-scale investments in artificial intelligence infrastructure during the India AI Impact Summit in New Delhi.

Reliance Industries and its telecom arm Jio revealed plans to invest nearly $110 billion over the next seven years to build AI and data infrastructure. Meanwhile, the Adani Group committed $100 billion toward renewable energy-powered AI data centres by 2035, with expectations of stimulating an additional $150 billion across related sectors.

Microsoft reaffirmed its broader initiative to invest up to $50 billion by the end of the decade to expand AI capabilities across developing regions, with India playing a central role.

Data centre operator Yotta also pledged more than $2 billion to develop one of Asia’s largest AI computing hubs using advanced Nvidia technology.

Further collaboration includes Tata Consultancy Services securing OpenAI as its first client for a new data centre initiative, while Larsen & Toubro announced a partnership with Nvidia to build large-scale AI-ready infrastructure.

These commitments collectively signal a major acceleration in India’s ambition to establish itself as a global hub for artificial intelligence development.