Covario, the Swiss-based crypto prime brokerage, now offers Tron (TRX) tokens for custody, trading and other services. This brings coverage to 68+ crypto tokens, including five stablecoins, as well as seven FX currencies, tradeable directly via its OTC portal. Tron has a current market cap of USD6.44bn. 87 million users are recorded on Tron’s blockchain.…
Category: Product
SDX partners with daura
SIX Digital Exchange (SDX), which claims to be the world’s first fully regulated FMI digital asset exchange, and daura, a Swiss equity tokenisation platform, have formed a partnership aimed at improving the exchange’s digital issuers ecosystem. Companies on daura will be able to issue digital equity securities seamlessly into SDX’s regulated CSD. Since 2018, by…
PolySign to acquire MG Stover
PolySign Inc., the U.S.-based digital assets fintech, has agreed to acquire MG Stover, a U.S.-based alternatives administrator with >USD40bn in digital assets under administration, believed to the world’s largest. The acquisition will enable PolySign “to deliver a comprehensive, vertically integrated custody, trading and administration offering to institutional investors for cryptocurrency and digital assets”. PolySign expects…
Bison gets green light in Portugal
The Bank of Portugal has authorised Bison Digital Assets to operate a custody and exchange business for virtual (digital) assets. The company, to be created from scratch and to be operated under the Bison Digital brand, is fully owned by Bison Bank. Bison is understood to be the first bank in Portugal to receive this…
Securrency secures FSP for ADGM
Securrency Capital, a broker-dealer based in the Abu Dhabi Global Market (ADGM), has secured a Financial Services Permission (FSP) from ADGM’s Financial Services Regulatory Authority (FSRA) to deal in investments as a matched principal and provide custody for those investments. The license enables Securrency Capital to provide trading of digital assets to a variety of…
Covario adds APE & LRC to platform
Covario, the Swiss-based digital prime brokerage, now offers ApeCoin (APE) and Loopring (LRC) custody and trading through its in-house built trading app/portal.
Copper hires prime services team
Copper, the UK-based provider of services for digital assets, has hired a team of managers for its prime services business. Michael Roberts will lead the new team, joining from Bank of America Merrill Lynch, where he was a managing director and head of the bank’s prime platform for EMEA. Roberts will be joined by former…
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).
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.