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…
Year: 2023
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…
Talos and BCB Group form alliance
Talos, the provider of institutional digital asset trading technology, has struck a deal with BCB Group, a UK-based provider of business accounts and trading services for the digital asset economy. Through the integration, Talos and BCB Group clients will gain access to a complete suite of front, middle and back-office digital asset trading solutions. BCB…
Gate.io links to Copper’s ClearLoop
Gate.io, a crypto exchange with 12 million users worldwide, is now fully integrated with Copper.co‘s ClearLoop solution. Institutional clients can utilise Copper’s technology to deploy capital on the exchange and trade immediately, while also maintaining independent custody of their funds with Copper. Gate.io covers about 3,000 spot pairs, and 250 futures pairs.
Lukka acquires Venato
Lukka, the institutional crypto asset data and data management provider, has acquired the Web3 blockchain analytics capability, Venato. As part of the acquisition, Lukka is bringing in Venato’s R&D and engineering team with deep blockchain, Web3, and decentralized finance (DeFi) development experience to build out existing capabilities and integrate the platform with existing Lukka products.…
SEBA Bank hires Myles Harrison as CPO
SEBA Bank, the Swiss-based crypto bank, has appointed Myles Harrison as chief product officer, and Urs Lehmann as general counsel and head of legal and compliance. Harrison was previously CPO at Globacap. Lehmann previously served as general counsel for Avaloq, a Swiss-based provider of digital banking solutions.
Hex Trust to support GYEN
GMO-Z.com Trust Company, Inc., a U.S.-based limited purpose trust company, has partnered with Hex Trust, the Asia-based institutional digital asset custodian, to offer institutional investors fully licensed and highly secure custody support for GYEN, the first regulated Japanese Yen stablecoin.
Lugano issues groundbreaking digital bond
The city of Lugano has issued its first digital native bond on SIX Digital Exchange with Zürcher Kantonalbank (ZKB) as sole lead manager. Following this issuance, and based on the double listing on SDX Trading AG and SIX Swiss Exchange, the bond has become the first digital native asset accepted as eligible collateral for SNB…
GCEX partners with Komainu
GCEX, a UK-based digital asset prime brokerage, has partnered with Komainu, a joint venture between Nomura, Ledger, and CoinShares. The partnership will support GCEX’s panel of regulated custodians for its institutional and professional clients, providing a broader choice. Komainu currently supports custody for 34 native blockchains and 5,700 tokens. Assets are fully segregated from both…