logo
Hyundai Ioniq 9 vs. Volkswagen ID.Buzz Tested: 3-Row EVs Compared

Hyundai Ioniq 9 vs. Volkswagen ID.Buzz Tested: 3-Row EVs Compared

Car and Driver6 hours ago

The EV landscape is starting to offer variety for buyers looking for a versatile three-row vehicle. Previously, only a select few EVs could seat more than five people, but now there's a raft of entries in a variety of forms. Look at these two new options, for instance: The Volkswagen ID.Buzz is a retro yet modern take on the old Microbus, while the Hyundai Ioniq 9 is a futuristic-looking SUV that now serves as the flagship of the Korean automaker's electric subbrand. They couldn't really look more different from each other, but they're competitors nonetheless thanks to their price points, intended missions, and specifications.
For this test, we matched up the top dual-motor versions of these electric family-mobiles. The Volkswagen's optional 4Motion all-wheel-drive setup produces 335 horsepower, while the Hyundai's most potent setup has 422 horsepower. They may be priced like luxury vehicles, with both coming in above $70,000, but they are also equipped like them. The Ioniq 9's fully loaded Calligraphy trim has power-operated second-row seats, multicolor ambient lighting, a head-up display, and a Bose premium audio system. The ID.Buzz we tested was also in its top trim, called Pro S Plus.
view exterior photos
Michael Simari
|
Car and Driver
view interior Photos
Michael Simari
|
Car and Driver
Interior and Exterior
Both vehicles have distinctive design themes inside and out. The ID.Buzz is instantly recognizable both as a van and as a throwback, with its two-tone paint scheme, slab-sided bodywork, and chunky wheel designs. The Ioniq 9, meanwhile, incorporates the same pixelated motif as the smaller Ioniq 5 and Ioniq 6 models, with little squares found everywhere from the headlights to the center console to the steering wheel. Its shape is almost wagon-like, and the odd-looking rear end has Volvo-style vertical taillights.
Inside, it's tough to choose between the two in terms of build quality and materials. The Ioniq 9 is plush and straightforward in its approach, with soft leather and interestingly textured inserts in the dashboard. It has a familiar set of easy-to-use controls and navigable screens for the gauge cluster and central infotainment display. The Buzz, meanwhile, is more kitschy thanks to its colored panels and an interesting mix of plastic and rubber materials. We don't prefer its user interface, as the touch-sensitive buttons on the steering wheel and the sometimes confusing infotainment menus don't make it simple to operate the radio or the navigation system on the fly.
view interior Photos
Greg Pajo
|
Car and Driver
view interior Photos
Greg Pajo
|
Car and Driver
It's immediately clear, however, that the ID.Buzz feels far more spacious inside. It's a minivan, after all, and the second- and third-row seats are more accommodating for adults. Even the third-row seats have a reasonably upright seating position with plenty of headroom. The Ioniq 9's second-row seats are quite comfy and feature lounge-style extendable ottomans in the top Calligraphy trim, but the functionality of this feature is questionable, as there's really only enough room for kids to be able to stretch their legs with the footrests extended.
The Ioniq 9 has the advantage in terms of ease of cargo adaptability. The second- and third-row seats fold flat at the push of a button, creating a relatively expansive load floor. While the ID.Buzz might appear to be a cargo-carrying maven on paper, the configurability of the seats is clunky. To collapse the seats, which don't fold flat into the floor, you have to pull various straps. Behind the third row is a false cargo floor with bins underneath that creates a flush surface with the folded third-row seatbacks, which is a bit of a weird solution.
view exterior photos
Michael Simari
|
Car and Driver
Powertrain and Performance
If the words "dual-motor, all-wheel-drive powertrain" are starting to sound repetitive, then you've probably been reading a lot about EVs. Both the Ioniq 9 and the ID.Buzz use this ubiquitous setup, although there are notable differences in their performance. Although both models come standard with lower-powered single-motor, rear-wheel-drive configurations, the Ioniq 9's top dual-motor configuration has 422 horsepower, far more than the ID.Buzz's 335 horsepower.
Hyundai Ioniq 9 Calligraphy
HIGHS: Comfortable and quiet ride, strong acceleration, good EPA range, fast charging.
LOWS: Third-row space is compromised, interior is too similar to cheaper Ioniq models, weird styling isn't for everyone.
VERDICT: The Ioniq 9 delivers a complete package, with the range, features, and performance to please most buyers.
Both test vehicles weigh over 6000 pounds, with the ID.Buzz coming in at 6174 pounds and the Ioniq 9 at 6034 pounds. That makes them considerably heavier than conventional gas-powered minivans and three-row SUVs, but their electric motors are still powerful enough to provide snappy acceleration. The Hyundai is the hot rod of the two, getting to 60 mph in 4.4 seconds and running the quarter-mile in 13.1 seconds at 104 mph. The ID.Buzz, meanwhile, got to 60 mph in 5.5 seconds and ran the quarter-mile in 14.2 seconds at 97 mph.
view exterior photos
Greg Pajo
|
Car and Driver
Despite being more powerful, the Ioniq 9 also holds the edge in terms of range. The EPA rates the Ioniq 9 at 311 miles and the ID.Buzz at 231 miles. The Buzz delivered just 190 miles of range on our real-world 75-mph highway test, and while we haven't yet tested the Ioniq 9's highway range, we expect it to easily beat the Volkswagen's.
Driving Experience
The Ioniq 9 provides a cushier ride. This vehicle is supremely smooth and floats over bumps, while the Volkswagen rides firmly and transmits a bit more road texture into the cabin. Both are quiet and comfortable on the highway, with the VW letting in a bit of extra wind noise because of its blunt front end.
view interior Photos
Greg Pajo
|
Car and Driver
view interior Photos
Greg Pajo
|
Car and Driver
Though neither of these family-mobiles is intended to be sporty, they don't completely keel over when you take them on a twisty road. As you'd expect from such a tall, upright vehicle, the ID.Buzz exhibits plenty of body roll and managed only 0.80 g on the skidpad compared with the Ioniq 9's 0.88 g. One editor commented that "the Buzz is best when you drive it like an old Microbus." The Hyundai is more planted and doesn't feel like as much of, well, a bus. But we like the VW's steering better, as it's a bit more communicative and better weighted compared with the Hyundai's numb, light-effort helm.
Volkswagen ID.Buzz 4Motion Pro S Plus
HIGHS: Charming personality, tons of passenger space, pleasant driving experience.
LOWS: Annoying screens and controls, lack of cargo configurability, unimpressive range.
VERDICT: The ID.Buzz is the emotional play, with tons of charisma, but its feature content and range performance don't measure up.
While driving the Ioniq 9 feels much like driving a Hyundai Palisade, only quicker and quieter, the ID.Buzz has an entirely distinctive feel unlike any other modern vehicle. The high seating position and the view out the expansive front windows will be delightful to some and off-putting for others, but we count ourselves in the former camp. It's altogether nostalgic and charming and will put a smile on your face.
view interior Photos
Michael Simari
|
Car and Driver
view interior Photos
Michael Simari
|
Car and Driver
And the Winner Is . . .
The Hyundai Ioniq 9 is the logical choice between the two, and it takes the win thanks to its superior performance, intuitive user interface, and overall competence. Yes, the Hyundai costs more, but it has far more features than the Volkswagen and delivers more driving range and faster charging. It's the vehicle we'd want to live with every day. The ID.Buzz, on the other hand, is the irrational choice, as it tugs on our heartstrings but just isn't quite well equipped enough, versatile enough, or technologically advanced enough to keep up with its newer three-row competitor.
Michael Simari
|
Car and Driver
Want to see these vehicles' specs side-by-side?
Check out the Hyundai Ioniq 9 & Volkswagen ID.Buzz on our new compare tool. Compare Cars
Specifications
2026 Hyundai Ioniq 9 Performance Calligraphy Design
Vehicle Type: front- and rear-motor, all-wheel-drive, 6-passenger, 4-door wagon
PRICE
Base/As Tested: $79,090/$79,570
Options: carpeted floor mats, $245; CCS to NACS charging adapter, $235
POWERTRAIN
Front Motor: permanent-magnet synchronous AC, 211 hp
Rear Motor: permanent-magnet synchronous AC, 215 hp
Combined Power: 422 hp
Combined Torque: 516 lb-ft
Battery Pack: liquid-cooled lithium-ion, 110 kWh
Onboard Charger: 11.0 kW
Peak DC Fast-Charge Rate: 350 kW
Transmissions, F/R: direct-drive
CHASSIS
Suspension, F/R: struts/multilink
Brakes, F/R: 14.2-in vented disc/13.6-in vented disc
Tires: Hankook Ion Evo AS SUV
285/45R-21 113V M+S Sound Absorber
DIMENSIONS
Wheelbase: 123.2 in
Length: 199.2 in
Width: 78.0 in
Height: 70.5 in
Passenger Volume, F/M/R: 58/61/37 ft3
Cargo Volume, Behind F/M/R: 87/47/22 ft3
Curb Weight: 6034 lb
C/D TEST RESULTS
60 mph: 4.4 sec
100 mph: 12.0 sec
1/4-Mile: 13.1 sec @ 104 mph
Results above omit 1-ft rollout of 0.3 sec.
Rolling Start, 5–60 mph: 4.6 sec
Top Gear, 30–50 mph: 2.3 sec
Top Gear, 50–70 mph: 3.0 sec
Top Speed (gov ltd): 129 mph
Braking, 70–0 mph: 173 ft
Roadholding, 300-ft Skidpad: 0.88 g
C/D FUEL ECONOMY AND CHARGING
Observed: 62 MPGe
EPA FUEL ECONOMY
Combined/City/Highway: 85/91/79 MPGe
Range: 311 miles
2025 Volkswagen ID.Buzz Pro S Plus 4Motion
Vehicle Type: front- and rear-motor, all-wheel-drive, 6-passenger, 4-door van
PRICE
Base/As Tested: $69,545/$72,035
Options: panoramic glass roof, $1495; two-tone paint, $995
POWERTRAIN
Front Motor: induction AC, 107 hp, 99 lb-ft
Rear Motor: permanent-magnet synchronous AC, 282 hp, 413 lb-ft
Combined Power: 335 hp
Battery Pack: liquid-cooled lithium-ion, 86 kWh
Onboard Charger: 11.0 kW
Peak DC Fast-Charge Rate: 200 kW
Transmissions, F/R: direct-drive
CHASSIS
Suspension, F/R: control arms/multilink
Brakes, F/R: 15.0-in vented disc/13.0-in drum
Tires: Continental ProContact TX10
F: HL235/50R-20 107T M+S +
R: HL265/45R-20 111T M+S +
DIMENSIONS
Wheelbase: 131.1 in
Length: 195.4 in
Width: 78.1 in
Height: 76.2 in
Passenger Volume, F/M/R: 54/60/49 ft3
Cargo Volume, Behind F/M/R: 146/76/19 ft3
Curb Weight: 6174 lb
C/D TEST RESULTS
60 mph: 5.5 sec
1/4-Mile: 14.2 sec @ 97 mph
100 mph: 16.3 sec
Results above omit 1-ft rollout of 0.3 sec.
Rolling Start, 5–60 mph: 5.4 sec
Top Gear, 30–50 mph: 2.2 sec
Top Gear, 50–70 mph: 3.3 sec
Top Speed (gov ltd): 101 mph
Braking, 70–0 mph: 174 ft
Roadholding, 300-ft Skidpad: 0.80 g
C/D FUEL ECONOMY AND CHARGING
Observed: 78 MPGe
75-mph Highway Range: 190 mi
EPA FUEL ECONOMY
Combined/City/Highway: 80/87/74 MPGe
Range: 231 mi
C/D TESTING EXPLAINED
Reviewed by
Joey Capparella
Deputy Editor, Rankings Content
Despite being raised on a steady diet of base-model Hondas and Toyotas—or perhaps because of it—Joey Capparella nonetheless cultivated an obsession for the automotive industry throughout his childhood in Nashville, Tennessee. He found a way to write about cars for the school newspaper during his college years at Rice University, which eventually led him to move to Ann Arbor, Michigan, for his first professional auto-writing gig at Automobile Magazine. He has been part of the Car and Driver team since 2016 and now lives in New York City. Read full bio

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

This Humanoid Robot Can Lift 220 Pounds But Has Super-Sensitive Skin
This Humanoid Robot Can Lift 220 Pounds But Has Super-Sensitive Skin

Forbes

time2 hours ago

  • Forbes

This Humanoid Robot Can Lift 220 Pounds But Has Super-Sensitive Skin

Neura Robotics' CEO David Reger with the third-generation 4NE-1 humanoid robot Neura Robotics Neura Robotics officially unveiled the third generation of its 4NE-1 humanoid robot this week, along with a household robot named MiPa, an open robotics ecosystem called the Neuraverse, and a vision for an app store for robots. The 4NE-1 humanoid robot is powerful but also sensitive: able to lift more than any other humanoid robot I've seen, but also able to sense human touch. Additionally, Neura said it plans to ship 5,000,000 robots of varying kinds by 2030–significantly more than the 100,000 Figure plans to ship –and that the first shipping 4NE-1 humanoid robots would be delivered this year. 'We are excited to launch a series of robots,' CEO David Reger told me last week on the TechFirst podcast. 'There is also a household device MiPa coming, and also new other industrial robot types, but in the end I think the core is actually the Neuraverse platform, which is combining all of this on one platform and makes it actually scalable and reachable to reach the five million humanoid robots on this planet.' The big news on the hardware side is a full launch of 4NE-1, which Reger says is now production ready. This is a beast of a humanoid robot, with 100kg or 220-pound lift capacity with its legs, and 10kg or 22 pounds with its hands. After teasing this launch in March , Neura delivered. As specced by the company, 4NE-1 is a technological marvel, with seven cameras, LIDAR, and much more. It will be capable of doing a backflip, Reger says, which not only summons up visions of Boston Dynamics' humanoid robots, but also speaks to speed coupled with power. 4NE-1 is one of the first humanoid robots that will have skin. While Neura isn't revealing too many details about the skin on 4NE-1, based on what he did say, it sounds like a capacitive touch sensor capability like that on your smartphone's screen. It can sense near touch, actual touch, and the strength or power of that touch. Interestingly, it will be applied via a spray-on process, and the result won't be visually distinguishable from the rest of the robot. And while it won't cover the whole robot, it likely will be on the hands, arms, and torso. Why put skin on a robot? It's critical for how Neura wants humanoid robots to interact with and work with humans safely in close quarters. 'The skin is actually … of our biggest gifts,' Reger says. "Having the ability to have the feeling of touch gives you a complete different way of how humans interact with each other.' 4NE-1's skin will sense proximity before actual touch, he added, making interactions safer, more precise, and emotionally intelligent. While the hardware news is always the headline-grabber, probably the more important news is the backend technology. That includes Neura's Omnisensor technology, which fuses location and spatial awareness from seven cameras, a LIDAR system, and even a microphone to help each 4NE-1 unit know where it is, proximity to objects and humans, and how to get what it needs while avoiding what it should not hit. Neura Robotics' third-generation 4NE-1 humanoid robot Neura Robotics Integrating all that data will be some fairly serious onboard technology. Reger didn't say what kind of CPUs or GPUs 4NE-1 will include, but it is worth noting that Nvidia is a technology partner of Neura Robotics. Neura is also partnering with Nvidia on 'robot gyms' where robots learn tasks and develop abilities. Another major piece of new technology supporting Neura's robotic roll-out is the 'Neuraverse.' Neuraverse is an operating system, a development platform for robotics, and an app store for skills, abilities, and even microservices that anyone can come to, build capabilities, and release them for sale. What one robot learns, all others can know instantly. Developers and companies employing humanoid robots can buy, sell, or offer for free abilities like welding specific parts or building a specific product. 'We are fundamentally changing how people interact with machines,' says Reger. "Our Neuraverse is the product that connects everything: the operating system of the robotics era." MiPa is a wheeled personal assistant robot John Koetsier Finally, Neura also unveiled MiPa, a wheeled robot that will be more affordable for the home market. While anyone can use it, one specific designed use case is assisting the elderly with being able to remain in their own homes and age in place, Reger says. Neura calls MiPa 'the world's first cognitive household and service robot suitable for real everyday use.' MiPa will be able to vacuum, unload dishwashers, clean up rooms, and monitor health signs. In fact, Neura says, MiPa supports IoT and health device standards and can connect with wearables to collect data, analyze sleep, and more. As all of Neura's other robots, MiPa will be connected to the Neuraverse, meaning it can learn new skills instantly from other robots and apply them locally. Neura is entering an increasingly crowded humanoid robot market that has yet to fully deliver on its promise of an always-on, cheap, capable, and reliable workforce, but 4NE-1 is a compelling entrant. I'm not certain that 4NE-1 delivers on the company's vision of having the most capable humanoid on the planet, but it's a contender. If humanoid robots is our version of the space race, as Apptronik CEO Jeff Cardenas told me recently, Neura Robotics is Europe's leading challenger. What we haven't seen yet is video on how 4NE-1 walks and moves, which will be critical for starting to understand how capable this robot is in a factory or warehouse.

Regional Air Travel Startups Raise Over $85 Million: Funding Roundup
Regional Air Travel Startups Raise Over $85 Million: Funding Roundup

Skift

time4 hours ago

  • Skift

Regional Air Travel Startups Raise Over $85 Million: Funding Roundup

The biggest airlines are behind on updating their tech systems and operations; regional airlines are even further behind. Travel Startup Funding This Week Each week we round up jd@ if you have funding news. Each week we round up travel startups that have recently received or announced funding . Please email Travel Tech Reporter Justin Dawes atif you have funding news. One big theme for travel startups this week is regional air travel. Three companies raised money toward their efforts to modernize various aspects of the industry, from software to aircraft themselves. The biggest airlines are behind on updating their tech systems and operations; Regional airlines are even further behind. Like the rest of the flying taxi startups, one such company on the list seeks to create a new type of commercial travel. Over the last week, six travel startups announced fundraises totaling more than $100 million. Expliseat: $42.1 Million Expliseat, which develops and manufactures lightweight seats for commercial aircraft, has raised $42.1 million (€36 million). Crédit Mutuel Innovation led the round, with support from the SPI fund (managed by public sector investment bank Bpifrance for the French government), Supernova Invest, Swen Capital, BNP Paribas Développement, GO Capital, and NCI. France-based Expliseat says it has invested heavily in research and development for lightweight seats, securing more than 100 patents. The company says that its flagship product, the TiSeat 2, weighs 30% less than traditional seats. The company says it has orders totaling $58.5 million (€50 million). Clients include Air France, Air Canada, and Jazeera Airways. Expliseat has a new facility in France that it says can produce 32,000 units annually. And it recently opened an office in Montreal as it seeks to expand business in the North American aviation market. The funding will go toward business expansion, along with continued R&D for the next generation of its products. The company also plans to move into rail and electric buses. Surf Air Mobility: $27 Million Surf Air Mobility, an airline owner that is also developing tech for regional airlines, has raised $27 million in a registered direct offering of common stock. The company sold roughly 10.8 million shares of common stock for $2.50 each. Surf Air Mobility's regional airline software includes products for operations efficiency, sales and sourcing customers, and aircraft utilization. The company owns two regional airlines — Southern Airways Express and Hawaii's Mokulele Airlines — as well as Surf Air, a website for booking private charter flights. Surf Air is also working to commercialize electric and hybrid-electric powertrains for regional aircrafts, including for the Cessna Caravan. Founded in 2020, Surf Air Mobility acquired the airlines as part of its debut on the stock market through a direct listing on the New York Stock Exchange in 2023. The funding will go toward operations and paying down debt. XTI Aerospace: $16 Million XTI Aerospace, which is developing a flying taxi for long distances, has raised $16 million. The funds come from an underwritten public offering of stock and warrants, priced at $1.75 each. Colorado-based XTI Aerospace is developing a vertical takeoff and landing (VTOL) aircraft called ​​TriFan 600. It is designed to travel up to 1,000 miles at speeds of up to 300 miles per hour, and can carry a pilot and six passengers. The two turboshaft engines are designed to be fully compatible with renewable jet fuels, with future plans for electric engines. The company plans to primarily target the business and commercial travel industries, along with the ambulance industry. XTI Aerospace says it has 700 pre-orders for $10 million per aircraft. XTI Aerospace went public in March 2024 following a merger with Inpixon, which provides location tracking devices that factories can use to monitor equipment and inventory. Inpixon had gone public through a merger with a special purpose acquisition company in 2023. Chatlyn: $9.4 Million Chatlyn, which provides AI-powered guest management tech for hoteliers, has raised $9.4 million (€8 million) in a series A round. Smedvig Ventures led the round, with support from bus company Blaguss, individual investors Andreas Burike (AnyDesk founder) and Mathias Hiebeler (former owner of Grob aircraft, acquired by Helsing), and a group of angel investors. Vienna-based Chatlyn says its tech helps automate hotel operations, including front desk, reservations, marketing, guest services, and guest communication. Features include a public-facing AI assistant for booking, an AI chatbot for hotel guests, translation for more than 35 languages, and more. The startup says its tech is live in more than 1,000 properties, including St. Regis Mauritius, Singer Palace Rome, and InterContinental properties. The funding will go toward product development, geographic expansion, and hiring. StayVista: $4.7 Million StayVista, a property manager and booking site for luxury vacation rentals in India, has raised $4.7 million (400 million Indian rupees) in series B funding. JSW Ventures led the round, with support from DSG Consumer Partners and Capri Global Family Office. Mumbai-based StayVista says it manages 1,000 properties and has hosted more than 1 million guests. The funding will go toward expansion into new cities, hiring, and improving customer experience. Winalist: $1.2 Million Winalist, an online marketplace for booking ticketed experiences related to wine and spirits, has raised $1.2 million (€1 million) in seed funding. Investors included Plug and Play Ventures, Portugal Ventures, and Vessoa Private Equity. France-based Winalist says it partners with more than 1,700 operators in 10 countries. Users can book winery visits, tastings, private wine-pairing dinners, vineyard day-tours, and more. The funding will go toward opening a new branch in Porto, Portugal, as well as hiring, marketing, and increasing operational support for partners.

Asia Morning Briefing: Asia's Banks Look to Stablecoins to Prevent Deposit Flight
Asia Morning Briefing: Asia's Banks Look to Stablecoins to Prevent Deposit Flight

Yahoo

time4 hours ago

  • Yahoo

Asia Morning Briefing: Asia's Banks Look to Stablecoins to Prevent Deposit Flight

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. While stablecoins (USDT, USDC) dominated U.S. headlines last month amid the GENIUS Act and Circle's (CRCL) blockbuster IPO, Asia's quieter yet strategic adoption is reshaping the region's cross-border finance. Asian banks increasingly see stablecoins like USDT and USDC as defensive tools against deposit flight and lost transaction revenue. Behind the scenes, stablecoins are already playing an important role in the region's financial plumbing. Fireblocks' Head of Asia, Amy Zhang, said in a recent interview with CoinDesk that major banks across Korea, Japan, and Hong Kong are proactively exploring local-currency stablecoins to mitigate these threats. 'If I'm not one of the banks banking Circle or banking Tether, am I going to lose deposits?' Zhang told CoinDesk. 'That's a huge risk for banks.' In Korea, eight major banks, including KB Kookmin and Shinhan, are forming a consortium to launch a Korean won stablecoin by 2026, a direct response to surging local use of USDT and USDC for cross-border transactions. Japan's banking giants MUFG, SMBC, and Mizuho are piloting yen-pegged stablecoins to streamline trade finance and reduce dependence on traditional cross-border rails. Hong Kong's Bank of East Asia also recently piloted its own USD and HKD stablecoin settlement network. Payment service providers (PSPs) are aggressively fueling the adoption of stablecoins, shifting away from costly traditional banking channels. "A year ago, PSPs were asking if they should do stablecoins," Zhang said. "Now they say, 'I'm moving a millions of client flows; I need a better wallet.'" Fireblocks, which processed over $3 trillion in digital assets last year, reports that stablecoins now account for about half its transaction volume. Zhang cited growing usage among Asian e-commerce giants. Recent media reports say that China's plans to cut supplier-payment costs dramatically using stablecoins, which is an example of what Zhang mentioned. PSPs such as Hong Kong's Tazapay use Circle's USDC to efficiently route cross-border payments into USD and HKD disbursements to help with instant payouts for content creators and gamers in Asia's emerging markets. A dashboard from Visa Analytics shows that weekends have 30% higher stablecoin volumes, underscoring their role in retail and gig use. Tether's USDT dominates stablecoin flows in emerging Asian markets, driven by its liquidity and ease-of-access Zhang said, and by contrast, USDC gains traction in highly regulated financial hubs like Singapore and Hong Kong. As the region's financial institutions adopt stablecoins defensively and corporate users operationalize them pragmatically, Asia's quiet transformation in cross-border finance infrastructure could become the next headline in stablecoin's evolving history. The question is, what will be the next IPO to capitalize on this? Bakkt Holdings (NYSE: BKKT) is preparing to join the growing ranks of public companies allocating capital to bitcoin, according to a filing with the Securities and Exchange Commission (SEC) on Thursday. The SEC filing shows that Bakkt is looking to raise $1 billion through a mix of securities, common stock, preferred stock, debt, warrants, and units to buy BTC. The move comes as corporate BTC treasury strategies gain momentum globally. Companies like Metaplanet in Japan, Bridge Biotherapeutics in Korea, and Semler Scientific in the U.S. have made headlines by adding BTC to their balance sheets. The registration follows a wave of negative news: Bakkt recently lost two of its largest clients, Bank of America and Webull, responsible for a significant chunk of its loyalty and crypto service revenues. In February of last year, the company warned that it might not be able to continue operations. A few months later, Trump Media was reportedly said to be looking into an acquisition, but since then, nothing has materialized. Bakkt is also said to be exploring the potential sale or wind-down of its loyalty division as it refocuses on crypto payments and trading infrastructure. BTC: Bitcoin held steady above $107K Thursday ahead of a major $40B options expiry on Deribit, with a $102K max pain price and no clear directional bias from traders, while Core Scientific surged 33% on takeover rumors. ETH: Ethereum is trading at $2,420 as it tests major resistance between $2,500–$2,600, with analysts saying a breakout could pave the way to $2,800 or even $4,000 amid falling exchange reserves and record user activity. Gold: Gold slipped to $3,331 on Thursday despite a weaker dollar and falling Treasury yields, as strong U.S. jobless claims and durable goods data offset recessionary GDP revisions and added uncertainty over the Fed's future leadership. Nikkei 225: Asia-Pacific markets are poised to rise Friday, tracking Wall Street gains after the White House downplayed concerns over upcoming tariff deals. S&P 500: The S&P 500 rose 0.8% Thursday, nearing a record high after a $9.8 trillion rebound from April lows, capping a 23% rally driven by easing tariff fears and renewed market optimism. Hong Kong sharpens crypto hub focus amid rising global competition (SCMP) Real-World Asset Tokenization Market Has Grown Almost Fivefold in 3 Years (CoinDesk) What's Next for Tokenization? (CoinDesk)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store