SIX Digital Exchange (SDX), which claims to be the world’s first fully regulated FMI digital asset exchange, has partnered with Aequitec, a digital share register and cap table company, to enhance the funding process for private companies. This will enable the seamless issuance and custody of digital equity securities in SDX’s regulated CSD. The collaboration…
Category: Headlines
TP ICAP adds two new crypto custodians
BitGo and Komainu, two crypto asset service providers, have been added to the custodian panel of TP ICAP, the world’s largest interdealer broker. They join Fidelity and Zodia. This segregated model – which enables clients to access TP ICAP’s deep pools of global liquidity whilst their assets remain under custody at their preferred custodian –…
Cowen launches digital asset division
Cowen Inc. has launched its digital asset division, Cowen Digital LLC. Based in Stamford, Connecticut, the new division offers full-service trade execution and custody solutions on a platform that provides institutional clients with secure and compliant access to the digital asset ecosystem. Custody solutions are provided through Cowen’s strategic partnership with PolySign’s Standard Custody &…
Bosonic hires Paddy Boyle as global head of clearing & derivatives
Bosonic, a decentralised financial market infrastructure (dFMI) business with a real-time clearing and settlement service for crypto and digital assets — the Bosonic Network – has hired Paddy Boyle as global head of clearing and derivatives. Boyle is based in London and reports into CEO Rosario Ingargiola. He is charged primarily with further building out…
State Street bolsters digital management team
State Street Digital has added three executives to its leadership team. Katie Richards joins as global head of operations and Marcus Grubb as global head of product. Both report to Nadine Chakar, head of State Street Digital. Additionally, Derren Selvarajah has joined as product PMO lead for the product strategy team. Selvarajah reports to Grubb.…
Hex Trust raises USD88m
Hex Trust, an Asia-based digital asset custodian with >USD5bn AuC, has closed its Series B funding round of USD88m. The funding round was co-led by Animoca Brands and Liberty City Ventures. The new funding will be used to expand in Europe and the Middle East, obtain additional licences, continue development and innovation, and enhance new…
State Street licenses Copper.co technology
State Street Digital, State Street’s dedicated digital division, has entered into a licensing agreement with Copper.co, a UK-based provider of institutional digital asset custody and trading infrastructure. State Street Digital will leverage Copper.co’s technology to develop and, subject to receipt of regulatory and other approvals, launch an institutional grade digital custody offering where clients can…
Catalyst wins digital asset admin mandate
The Catalyst Group Limited, a Cayman-based fund administration and financial services provider, has been appointed by dParadigm Capital Limited, to provide fund administration services for its institutional grade digital asset fund, dParadigm Fund SPC. The fund is a regulated vehicle for institutional investors to gain exposure to digital assets via a hybrid VC and DeFi…
Copper hires COO
Copper, the UK-based provider of custody and prime services for digital assets, has appointed Sabrina Wilson as chief operating officer. She was previously at Citi, where she was the global co-head of the futures, OTC clearing and FX prime brokerage business.
Arca introduces new fund structure
Arca Labs, the innovation division of digital asset management firm Arca, has published a white paper, “Blockchain Transferred Funds (BTFs): The New Frontier for Investment Funds,” which introduces a new fund structure that incorporates blockchain technology. Arca believes blockchain will revolutionise investment funds’ role in the financial system. The blockchain transferred fund (BTF) is a…