Anchorage Digital has expanded in Asia, with institutional partners including Antalpha, Bitkub, Dream Trade, FBG Capital, GMO-Z.com Trust Company, and IOSG Ventures, which have selected its custody and bespoke offerings to safely participate in the digital asset market. U.S.-based Anchorage has a national-level bank charter which helps clients to meet or exceed national standards for…
Month: October 2022
Nexo takes stake in U.S. bank
Nexo, the UK-based regulated institution for digital assets, has acquired a stake in Hulett Bancorp (DBA Mode Eleven) and its federally chartered Summit National Bank, in a transaction that expands Nexo’s footprint in the U.S. The deal will allow Nexo to offer its U.S. retail and institutional clients services that include bank accounts, asset-backed loans,…
SDX Web3 launches institutional crypto custody service
SDX Web3, the recently launched business unit of SIX Digital Exchange, is now live with its institutional custody service for crypto assets. The service is designed for institutional clients that want to scale their crypto asset business leveraging best-in-class back-end services and capabilities. It allows institutions to safely and cost-effectively store and transfer crypto assets…
Digivault launches ExchangeConnect
Digivault, the UK-based digital asset custodian, has launched ExchangeConnect, a new service to safeguard crypto assets when trading on exchanges. The service enables clients to safely hold their assets within their Digivault FCA-registered custody account whilst trading with them on an exchange. Digivault ExchangeConnect is now available on Bitfinex, with more exchanges planned. When using…
EDXM taps Paxos for custody
EDX Markets, a start-up digital asset exchange backed by leading financial institutions including Fidelity and Charles Schwab, has formed a partnership with Paxos, the regulated blockchain infrastructure platform, that will enable institutional custody of traded assets for EDXM clients, and provide Paxos customers with direct access to this new ecosystem. Paxos’ enterprise platform will facilitate…
SWIFT trials CBDC interoperability
SWIFT has conducted two separate trials to prove that central bank digital currencies (CBDCs) and tokenised assets can move seamlessly on existing financial infrastructure, a major milestone towards enabling their smooth integration into the international financial ecosystem. SWIFT claims that the findings solve the significant challenge of interoperability in cross-border transactions by bridging between different…
Clearstream facilitates digital securities issuance
Clearstream has created a digital instrument on D7, Deutsche Börse’s digital post-trade platform. European issuers can now leverage the new infrastructure to issue digital securities. The first automated issuances were performed by LBBW and Vontobel, and facilitated by Clearstream, Deutsche Börse’s post-trade service provider. D7 is fully integrated within Clearstream’s global infrastructure and works as…