Year: 2023

Taurus SA, the Swiss-based digital asset infrastructure provider, has completed a USD65m Series B capital raise from strategic investors. The round is led by Credit Suisse and includes participation from new institutional investors including Deutsche Bank, Pictet Group, and Cedar Mundi Ventures, as well as from Series A investors, Arab Bank Switzerland and Investis. The…

SEBA Bank, the Swiss-based crypto bank, has appointed Amy Yu as CEO of its APAC division. Yu will initially be located in Singapore.  She previously worked at Genesis as APAC head of sales. Prior to her move into the digital assets space, Yu supported the development of J.P. Morgan’s prime services business in APAC. SEBA…

GK8, the institutional-grade digital asset custody platform that is being acquired by Galaxy, has launched an updated policy engine that enables users to further adapt and customize the GK8 platform workflows to their own business logic. The updated policy engine allows institutions to tailor approval policies for every institutional workflow and procedure, and configure a…

Copper.co, the UK-based provider of institutional digital asset custody and trading solutions, has appointed Lord (Philip) Hammond of Runnymede, the former UK Chancellor of the Exchequer (finance secretary), as chair. Hammond has served as a senior adviser to Copper since 2021.

Metaco, the Switzerland-based provider of digital asset custody and orchestration technology, has made two senior executive appointments. Peter DeMeo, former global head of digital asset infrastructure at IBM, joins as chief product officer, overseeing the product suite as well as establishing the company’s digital asset advisory practice. Angel Nunez Mencias, former IBM lead architect, joins…

Zodia Custody, the UK-based crypto asset servicing provider for institutional investors, and SBI Digital Asset Holdings Co., Ltd. have entered into definitive agreements to launch a joint venture in Japan. Subject to anti-trust and foreign direct investment clearances, and licences from the Japanese regulator, the Financial Services Agency, the joint venture will act as a…

Custodia, the Wyoming-based digital asset service provider, has expressed surprise and disappointment over the recent action by the Federal Reserve Board. Caitlin Long, chief executive officer of Custodia, said: “The Fed advised Custodia 72 hours ago that it could either withdraw its membership application or see it denied, and the Fed denied it in record…