Komainu, the C.I.-based digital asset custody services provider, has opened an office in Singapore, its first in APAC. Komainu is actively expanding its headcount in Singapore to promote local growth, as well as its expansion into the wider APAC region. Working with Nomura, one of Komainu’s founding partners, Komainu Singapore will provide the governance framework…
Category: Headlines
Anchorage adds 11 digital assets to custody coverage
Anchorage Digital has added custody support for 11 digital assets: Provenance (HASH), Bored Ape Yacht Club (BAYC), Mutant Apes Yacht Club (MAYC), Wrapped Luna (wLUNA), SuperRare (RARE), Sandbox (SAND), ParaSwap (PSP), staked AAVE (stkAAVE), Compound USDC (cUSDC), Compound Dai (cDAI) and Compound Ether (cETH).
Coin Metrics raises USD35m
Coin Metrics, a provider of crypto financial intelligence, has raised USD35m in Series C financing, led by Acrew Capital and BNY Mellon. Goldman Sachs, Fidelity Investments, Highland Capital Partners, Avon Ventures and Morningside Technology Ventures are continuing their investments in the company after participating in previous fundraising rounds. They are joined by new investors Cboe…
Nexo launches prime brokerage platform
Nexo, a regulated institution for digital assets, has launched Nexo Prime, a proprietary prime brokerage platform that enables institutional, corporate, and high-net-worth investors to trade, borrow, lend, and securely store their digital assets through a single product. Nexo Prime’s custody framework combines solutions from BitGo, Fireblocks, Ledger Vault, and Fidelity Digital Assets. All digital assets…
Anchorage to offer collateralised crypto loans
Anchorage Digital, which provides an institutional digital asset platform, has completed a new secured debt facility from Neuberger Berman Specialty Finance Group, a part of Neuberger Berman, the U.S.-based investment manager. Funds from the facility will be deployed by Anchorage as USD capital loans collateralised by crypto assets. Borrowers are matched through Anchorage’s lending technology.
SEC ponders custody segregation
The U.S. Securities and Exchange Commission is examining ways to regulate cryptocurrency trading platforms that could include hiving off some of their operations, said Gary Gensler, chairman of the regulator, in a recent speech. Gensler said he had asked SEC staff to look into whether “it would appropriate to segregate out custody” functions at the…
Invictus converts crypto funds
Invictus Capital, a Cayman-domiciled manager, has migrated its tokenised crypto funds into a regulated mutual fund structure. All open-ended Invictus funds will now have the same oversight as other regulated mutual funds within the Cayman Islands. The funds will benefit from annual independent external audits and daily verification of fund assets by a licensed third-party…
Circle adds BNY Mellon as reserves custodian
Circle Internet Financial, LLC has appointed BNY Mellon as a primary custodian for USD Coin (USDC) reserves. Circle is an internet finance firm that provides internet-based payments and financial infrastructure and is the sole issuer of USDC. USDC is one of the fastest growing dollar digital currencies in the world, with over USD52bn in circulation…
Torstone links with Digivault
Torstone, a UK-based provider of securities and derivatives post-trade processing solutions, has linked with Digivault to deliver a comprehensive risk, middle and back-office workflow solution for crypto assets, with Digivault’s support for digital asset custody.
Covario hires new co-head of sales
Covario, the Swiss-based cryptocurrency prime broker, has appointed Michael Baumgartner as co-head of institutional sales. He is responsible for global client management, new business development and the expansion of existing relationships. Prior to joining Covario, Baumgartner was head of sales for transaction banking & digital assets at InCore Bank. He will work alongside Andreas Thode,…