Genius Group Raises $8 Million to Acquire Stake in Bermuda Digital Bank

2026-04-18 companies

New York, Friday, 17 April 2026.
AI education company Genius Group raised $8 million to acquire a 9.9% stake in a Bermuda-based digital bank, funding its strategic expansion into the US-dollar stablecoin market.

Strategic Capital Injection and Market Reaction

On April 16, 2026, Genius Group Limited (NYSE: GNS) finalized a registered direct offering, securing gross proceeds of $8 million before deductions for commissions and expenses [1][2][3]. The transaction involved the sale of 21,621,621 ordinary shares—or pre-funded warrants in lieu of shares—priced at $0.37 each [2][4][5]. D. Boral Capital LLC, a financial firm that has executed approximately 400 transactions and aggregated roughly $35 billion in capital since its inception in 2020, acted as the exclusive placement agent for the deal [1][3].

Forging a Path in Digital Banking

A significant portion of the newly acquired capital is earmarked for a highly specific strategic pivot into digital finance. Genius Group intends to utilize $5.5 million of the net proceeds to acquire a Senior Secured Convertible Promissory Note [2][4][5]. This financial instrument is immediately convertible into a 9.9% equity stake in Jewel Financial Limited, which serves as the parent company and sole shareholder of Jewel Bancorp Limited [2][4][5]. To complete the acquisition, Genius Group will also issue 15,000,000 ordinary shares to the sellers at a deemed price of $0.40 per share, representing an additional non-cash consideration of 6.000 million dollars [2][4][6].

Stablecoin Ambitions and Educational Integration

The acquisition directly supports Genius Group’s broader “GENIUS Act” roadmap, which outlines the education technology firm’s ambitions to operate as a Permitted Payment Stablecoin Issuer and a Digital Asset Service Provider [2][4]. Jewel Bank is currently in the development phase of a US dollar-denominated stablecoin known as JUSD, alongside a suite of digital asset banking services that will include custody and settlement capabilities [2][4][5]. The official launch of JUSD is targeted for later in 2026 [alert! ‘The exact launch date remains uncertain as it is entirely dependent on pending final regulatory approvals from the Bermuda Monetary Authority’] [2][4][5].

Sources

Genius Group Direct offering