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…
Year: 2022
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…
Crypto Finance appoints Stefan Schwitter to run asset management
Stefan Schwitter has been appointed head of asset management of Crypto Finance (Asset Management) AG, a FINMA regulated subsidiary of Crypto Finance AG. He will be responsible for the further expansion of the team, product range and distribution channels. He joins from SEBA Bank, where he ran the investment solutions department. Schwitter succeeds Bernadette Leuzinger,…
Arca publishes paper on DAOs
Arca publishes paper on DAOs – read it here
METACO partners with Brink’s
METACO, the Swiss-based provider of security-critical software and infrastructure for the digital asset ecosystem, has announced a partnership with Brink’s (NYSE:BCO), the provider of total cash management, route-based secure logistics and payment solutions. The deal with Brink’s extends METACO’s institutional digital asset custody services into the physical world through its secure logistics expertise and global…
LGT Bank selects SEBA Bank for digital asset services
SEBA Bank, a Swiss-based, FINMA licensed digital assets banking platform, had partnered with LGT Bank to provide digital asset custody and brokerage services. LGT Bank is part of LGT Group, an international private banking and asset management group with over CHF280bn in assets under management. LGT Bank is leveraging SEBA Bank’s fully regulated banking platform…