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…
Category: Product
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…
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.
SDX partners with Aequitec
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…
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 &…
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…
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…
Anchorage expands asset coverage
Anchorage Digital, the U.S.-based, federally chartered bank that acts as a digital custodian, has added custody support for 31 new digital assets from Q4 2021 to date. Anchorage recently completed a USD350m Series D funding round led by KKR, valuing it at >USD3bn.
Avanti rebrands as Custodia Bank
Avanti Financial Group, Inc. has rebranded as Custodia Bank, Inc., as a precursor to the launch of its digital asset bank. Custodia Bank plans to launch in Q2 with U.S. Dollar deposit accounts for business customers, initially providing ACH and Fedwire services. The post-launch roadmap includes digital asset custody, Avit (a payment instrument similar to…