Uphold Axes 17% of Workforce to Fuel Enterprise Business Growth

Uphold has laid off roughly 17% of its workforce, approximately 85 employees and contractors, as it redirects investment toward its enterprise business serving banks, fintechs, and broker-dealers.

The company's consumer app roadmap remains unchanged, with US stocks, tokenized securities, and prediction markets still planned for the end of 2026.

Uphold has been building an enterprise business that enables financial institutions to add digital asset services through a single API, citing growing demand from banks and broker-dealers looking to offer crypto trading and custody without building their own regulated infrastructure.