Tungsten, the UAE-based custody provider, has secured a licence from the Financial Services Regulatory Authority (FSRA) to operate from the Abu Dhabi Global Market (ADGM). Tungsten provides secure, regulated digital assets custody for institutional investors.
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Zodia wins ETC ETP mandate
ETC Group has appointed Zodia Custody to support its latest ETP listed on Deutsche Börse XETRA, the ETC Group Ethereum Staking ETP, a total return exchange-traded product that tracks the Compass Ethereum Total Return Monthly Index. The ETP is fully backed by the underlying digital assets, and counterparty risk is negated through an independent trustee.…
Hex Trust adds two to advisory board
Hex Trust, the Asia-based institutional-grade digital asset custodian, has added Dr. Dimitrios Kavvathas and Marty Jetton to its advisory board. Kavvathas spent 12 years as a managing director and partner at Goldman Sachs in London, before relocating to Hong Kong in 2009 where he co-headed the Asia Pacific securities division distribution. Jetton transitions to the…
Komainu loses CEO
Nicolas Bertrand, chief executive of Komainu, the C.I.-based crypto asset custodian, has stepped down with immediate effect. Robert Johnson, who joined Komainu as CTO in 2023, has taken charge as interim CEO. Bertrand joined Komainu in September 2022, following a botched attempt to hire Matthew Chamberlain, then CEO of the London Metal Exchange.
Komainu hires EMEA sales lead
Komainu, the C.I.-based digital asset custodian backed by Nomura, has hired Chad Walls as EMEA sales lead, based in London. He joins from Nickel Digital Asset Management.
Crypto Finance secures four licences in Germany
Crypto Finance AG, part of Deutsche Börse Group, has secured four licences from the German Federal Financial Supervisory Authority, BaFin. The licences for its subsidiary, Crypto Finance (Deutschland) GmbH, include regulated digital asset trading, settlement, and custody services in Germany.
Ripple hires from BNY Mellon
Maxime de Guillebon has joined Ripple, the crypto payments service, after just six months at BNY Mellon. He is based in Switzerland, the home base of Metaco, which Ripple acquired in 2023. He was CEO of Zodia Custody before joining BNY Mellon as head of digital asset product.
Gemini appoints APAC head
Gemini has appointed Saad Ahmed as head of Asia Pacific. He joins from Grab, where he held executive leadership positions as the regional head of commercial and managing director, merchants.
Gemini launches in France
Gemini has been registered as a Digital Asset Service Provider (DASP) by l’Autorité des Marchés Financiers (AMF), the French financial markets regulator. Gemini products will be available to retail and institutional users across France as it completes final preparations to open up access to the Gemini platform. Customers will be able to trade over 70…
VanEck selects Gemini
VanEck, the U.S.-based fund manager with USD76.4bn AuM, has named Gemini as custodian for its recently approved bitcoin ETF under the ticker HODL, which is listed on the Cboe BZX Exchange.