State Street Digital has appointed Rob Otter as head of blockchain engineering and Nitin Gaur as digital technology strategy lead. Otter, based in London reports to Aman Thind, chief technology officer of State Street Digital. Gaur, based in Austin, Texas, will report to Otter. Otter joins State Street from JPMorgan Chase, where he served as…
Month: May 2022
Zodia adds to coverage
Zodia Custody, the UK-based digital asset custodian that is a joint venture between Standard Chartered and Northern Trust, now offers custody support for Litecoin and Bitcoin Cash.
BlockFi hires GM of institutions
BlockFi, a U.S.-based crypto financial services company, has hired Brian Oliver as general manager of institutions. Oliver will manage BlockFi’s institutional business globally, which includes prime brokerage services, mining equipment-backed and crypto loans, and asset management services to clients across the traditional finance and crypto ecosystem. Oliver joins BlockFi from the Depository Trust & Clearing…
Stonegate Global hires MD for digital assets group
Stonegate Global has hired Skyler Steinke as managing director – digital assets group. Stonegate Global is a U.S.-based provider of fund administration, global advisory and fund structuring services for crypto funds, hedge funds, venture capital funds, real estate funds and private equity funds. Stonegate Global specialises in servicing DeFi crypto funds involved in staking, yield…
Chainalysis raises USD170m
Chainalysis, the blockchain data platform, has raised USD170m through a Series F financing round led by GIC, Singapore’s sovereign wealth fund, bringing its valuation to USD8.6bn. Previous investors Accel, Blackstone, Dragoneer, and FundersClub increased their investment in the company, and BNY Mellon and Emergence Capital also participated. Chainalysis is now the largest enterprise SaaS company…
Copper to support XSGD & XIDR stablecoins
Copper.co, the UK-based crypto asset custodian, will support XSGD, the Singapore Dollar stablecoin that is currently the world’s largest non-USD stablecoin by market capitalisation, and XIDR, the Indonesian Rupiah stablecoin issued by StraitsX. StraitsX will leverage Copper’s institutional custody offering to manage its digital asset holdings. Each XSGD and XIDR is backed by one Singapore…
Paxos to support Nubank’s move into crypto trading
Nubank, a Brazil-based digital banking platform, has entered the cryptocurrency trading market. The bank has launched an exclusive in-app crypto trading experience, offering initially Bitcoin and Ethereum. The product is operated in partnership with Paxos, a U.S.-based regulated blockchain infrastructure provider, that will act as a custody provider and broker.
Bosonic hires Ushma Parmar as institutional sales director
Bosonic, the U.S.-based decentralized financial market infrastructure (dFMI) company, has appointed Ushma Parmar as institutional sales director. Her role is to drive institutional client acquisition, focused on growing Bosonic’s institutional client base across hedge funds, FO/MFOs, private banks, broker/dealers and banks that are investing in digital assets and crypto markets. Parmar brings over 20 years…
Talos raises USD105m to achieve unicorn status
Talos, a New York-based provider of institutional digital asset trading technology, has raised USD105m in a Series B funding round that values the company at USD1.25bn. The round was led by private equity firm General Atlantic, with participation from investors in both the traditional finance and digital asset spaces. New investors included Stripes, BNY Mellon,…
METACO partners with Thought Machine
METACO, the Swiss-based provider of security-critical software and infrastructure for the digital asset ecosystem, has formed a partnership with UK-based Thought Machine, a cloud-native core banking platform used by Tier 1 banks including JPMorgan Chase & Co., Lloyds Banking Group, ING, SC Ventures/Standard Chartered, SEB, and Intesa Sanpaolo. This global partnership delivers the market-leading platform…