Anchorage Digital, the U.S.-based, federally chartered bank that acts as a digital custodian, has added custody support for 31 new digital assets from Q4 2021 to date. Anchorage recently completed a USD350m Series D funding round led by KKR, valuing it at >USD3bn.
Year: 2022
Avanti rebrands as Custodia Bank
Avanti Financial Group, Inc. has rebranded as Custodia Bank, Inc., as a precursor to the launch of its digital asset bank. Custodia Bank plans to launch in Q2 with U.S. Dollar deposit accounts for business customers, initially providing ACH and Fedwire services. The post-launch roadmap includes digital asset custody, Avit (a payment instrument similar to…
BNY Mellon to deploy Chainalysis
Chainalysis, the UK-based blockchain data platform, has announced that BNY Mellon will be the first GSIFI to use Chainalysis’s compliance software as part of its risk management program. This integration will form a component of BNY Mellon’s strategy to develop cryptocurrency services for its clients. BNY Mellon plans to integrate the full Chainalysis compliance software…
Bitpanda acquires Trustology
Bitpanda, the Swiss-based crypto asset services provider, has acquired Trustology, the UK-based provider of trust and custody services for digital assets. Bitpanda will rebrand as Bitpanda Custody as a result of the deal. Bitpanda’s digital asset exchange now commits to offset custody fees, bringing them down to zero for users on Bitpanda. The deal also…
What Digital Custody Looks Like
https://www.statestreet.com/ideas/articles/what-digital-custody-looks-like.html State Street’s views on what the digital future may hold…
Belgian LE hires Digivault & Asset Reality
Digivault, a UK-based digital asset custody provider, and Asset Reality, the provider of an end-to-end solution for recovering, managing and realising seized crypto assets, have been engaged by Belgian law enforcement agencies to provide recovery, storage and management services for seized crypto assets.
SDX and FQX collaborate on eNotes
Switzerland’s SIX Digital Exchange (SDX), the digital asset exchange, and FQX, a SIX Fintech Ventures portfolio company, have agreed to collaborate to enable the use of FQX’s blockchain-based short-term debt instruments, eNotes, on SDX. An eNote is an unconditional promise to pay a specific sum to another party at a specific future date and can…
Apex to administer new crypto fund
Apex has been appointed to provide fund administration and transfer agency services for the NEOR Crypto Volatility Fund. NEOR is a long/short quantitative algo crypto vol trading fund with strategies based on artificial intelligence combined with deep-learning models aimed at identifying trading opportunities by digesting real-time data from multiple sources. Eagle Eye Finance Sàrl is…
Lukka valued at USD1.3bn
Lukka, the provider of crypto asset software and data services, has raised a further USD110m, valuing the company at more than USD1.3bn.
Komainu launches Yield platform
Komainu, a regulated digital asset custody services, has launched Komainu Yield, giving clients the ability to earn yield on assets custodied with Komainu, and lowering the opportunity cost of using Komainu’s custody solution. Komainu Yield is already live with initial clients, and is now being extended to new custody clients. At launch, Komainu Yield will offer staking services…