Paxos, the U.S.-based regulated blockchain infrastructure platform, has received a licence from the Monetary Authority of Singapore to offer digital payment token services under the Payment Services Act 2019. Paxos is the first US-based blockchain infrastructure platform to secure the licence as a Major Payments Institution. Paxos is now able to offer its digital asset…
Category: Headlines
BitGo to launch Settlement Network
BitGo plans to launch its Settlement Network, a service that enables traders to access multiple venues at once in a safe, direct manner, while exchange partners stand to benefit from higher trading volume. With Settlement Network, BitGo Trust Company links both parties in a way that lets traders buy and sell from a single user…
SEBA Bank launches NFT custody solution
SEBA Bank, the Swiss-based crypto bank, has launched an institutional-grade custody solution with all the necessary safeguards to secure clients’ NFTs. The platform enables its clients, either individuals or institutions, to securely store any Ethereum-based (ERC-721) NFTs, including collections such as Bored Apes, CryptoPunks and Clone X. SEBA Bank claims to be the first regulated…
Silvergate adds 24/7 client support
Silvergate, the U.S.-based provider of financial infrastructure solutions to the digital asset industry, has enhanced its its operations to provide 24/7 customer support. The enhanced support model enables customers to conduct certain activities outside traditional banking hours with assistance from the customer service team for general service inquiries and requests. Support will also be available…
Tetra Trust appointed as custodian for Coinsquare
Tetra Trust, Canada’s first qualified custodian for digital assets, which is regulated by the Alberta Treasury Board and Finance, has been confirmed as a custodian for Coinsquare Capital Markets Ltd. (CCML), a wholly owned subsidiary of Coinsquare and operator of its crypto trading platform. CCML was recently approved by the Investment Industry Regulatory Organization of…
GK8 partners with 2ND Market in Brazil
GK8, the digital asset custody platform, has partnered with 2ND Market, a Brazilian crypto holding company, to expand cryptocurrency product offerings in Brazil. Under the agreement, GK8 will license its institutional-grade custody platform to 2ND Market to give Brazilian users access to a wider range of crypto products and services. 2ND Market will leverage GK8’s…
Lukka appoints head of regulatory affairs
Lukka, the U.S.-based institutional crypto asset software and data provider, has appointed Brian Whitehurst as head of regulatory affairs. Prior to joining Lukka, Whitehurst served as assistant attorney general for the State of New York, where he co-led the crypto economic working group.
Standard Custody adds a director
Standard Custody & Trust Co., the digital asset custodian owned by PolySign, has appointed Matthew Homer to its board of directors. Homer was the inaugural executive deputy superintendent for the research and innovation division at the New York Department of Financial Services (NYDFS), where his responsibilities included cryptocurrency and digital assets.
Gemini launches full service in Ireland
Following its registration as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland, Gemini clients and institutions in Ireland can now open a Gemini account to deposit, trade, and custody around 100 cryptocurrencies. Irish customers can access the Gemini website or mobile app to securely buy cryptocurrencies with EUR and GBP with…
Digital Asset launches tokenisation toolkit
Digital Asset has introduced Daml Finance, an addition to its smart contract platform, Daml, that will accelerate the tokenisation process. Daml Finance is a new, open-source offering within Daml that provides users with a collection of purpose-built libraries to enable rapid development of enterprise-grade tokenisation solutions. Daml Finance will provide financial institutions with the tools…