Taurus SA, the European digital asset infrastructure provider, and Talos, the U.S.-based provider of institutional digital asset trading technology, have formed a partnership to provide trading and custody technology to institutional clients. Talos has integrated with Taurus-PROTECT, the digital asset custody solution for banks. The partnership is already in production with clients in Europe and…
Month: March 2023
State Street ends agreement with Copper
Copper.co, the UK-based provider of digital asset custody and prime services for institutional clients, is to streamline its business following what it describes as “the present challenging conditions in the digital assets space, an uncertain US regulatory environment and a desire to focus on strategic offerings”. As a result, it has initiated a redundancy process.…
GMO Trust partners with Komainu
GMO Trust has partnered with Komainu, the C.I.-based digital asset custodian backed by Nomura, to offer secure and compliant institutional-grade custody services for GYEN and ZUSD, the regulated Japanese yen and U.S. Dollar stablecoins. Based in New York, GMO Trust is a limited purpose trust company regulated by the New York Department of Financial Services.
Kaiser Partner Privatbank joins SDX
Liechtenstein’s Kaiser Partner Privatbank has joined SIX Digital Exchange, Switzerland’s first fully regulated FMI for digital assets. Christian Reich, CEO of Kaiser Partner Privatbank: “Our existing services for intermediaries are a key element in meeting our clients’ complex financial needs, as they enable clients to finance investments or make trading of illiquid assets possible. SDX’s…
Galaxy closes GK8 acquisition
Galaxy Digital Holdings, the financial services and investment management provider in the digital asset, cryptocurrency, and blockchain technology sectors, has completed its acquisition of substantially all of the assets of GK8, an institutional digital asset custody platform, for approximately USD44m. With the backing of Galaxy, GK8 will continue to develop and offer its digital asset…
Finoa wins new licenses in Germany
Finoa, the Germany-based cryptocurrency custodian, has received three license approvals from BaFin, Germany’s financial regulator. Finoa has been operating under a preliminary crypto custody license since 2020. In addition to the custody approval, Finoa received approval for broker/dealer and prop trading licenses, which allows the firm to trade with its own treasury but not against…
Hex Trust launches in Dubai
Hex Trust, the Asia-based digital asset custodian, has launched its operations in Dubai after receiving the MVP Operational License from Dubai’s Virtual Asset Regulatory Authority, after having received its MVP Preparatory License in 2022. The MVP Operational License allows Hex Trust to provide virtual asset custodial services and staking services to institutional clients and sophisticated…