Copper.co, the UK-based provider of digital asset custody and prime services for institutional clients, is to streamline its business following what it describes as “the present challenging conditions in the digital assets space, an uncertain US regulatory environment and a desire to focus on strategic offerings”. As a result, it has initiated a redundancy process.…
Category: Product
Kaiser Partner Privatbank joins SDX
Liechtenstein’s Kaiser Partner Privatbank has joined SIX Digital Exchange, Switzerland’s first fully regulated FMI for digital assets. Christian Reich, CEO of Kaiser Partner Privatbank: “Our existing services for intermediaries are a key element in meeting our clients’ complex financial needs, as they enable clients to finance investments or make trading of illiquid assets possible. SDX’s…
Finoa wins new licenses in Germany
Finoa, the Germany-based cryptocurrency custodian, has received three license approvals from BaFin, Germany’s financial regulator. Finoa has been operating under a preliminary crypto custody license since 2020. In addition to the custody approval, Finoa received approval for broker/dealer and prop trading licenses, which allows the firm to trade with its own treasury but not against…
Hex Trust launches in Dubai
Hex Trust, the Asia-based digital asset custodian, has launched its operations in Dubai after receiving the MVP Operational License from Dubai’s Virtual Asset Regulatory Authority, after having received its MVP Preparatory License in 2022. The MVP Operational License allows Hex Trust to provide virtual asset custodial services and staking services to institutional clients and sophisticated…
Talos and BCB Group form alliance
Talos, the provider of institutional digital asset trading technology, has struck a deal with BCB Group, a UK-based provider of business accounts and trading services for the digital asset economy. Through the integration, Talos and BCB Group clients will gain access to a complete suite of front, middle and back-office digital asset trading solutions. BCB…
Gate.io links to Copper’s ClearLoop
Gate.io, a crypto exchange with 12 million users worldwide, is now fully integrated with Copper.co‘s ClearLoop solution. Institutional clients can utilise Copper’s technology to deploy capital on the exchange and trade immediately, while also maintaining independent custody of their funds with Copper. Gate.io covers about 3,000 spot pairs, and 250 futures pairs.
SEBA Bank hires Myles Harrison as CPO
SEBA Bank, the Swiss-based crypto bank, has appointed Myles Harrison as chief product officer, and Urs Lehmann as general counsel and head of legal and compliance. Harrison was previously CPO at Globacap. Lehmann previously served as general counsel for Avaloq, a Swiss-based provider of digital banking solutions.
GCEX partners with Komainu
GCEX, a UK-based digital asset prime brokerage, has partnered with Komainu, a joint venture between Nomura, Ledger, and CoinShares. The partnership will support GCEX’s panel of regulated custodians for its institutional and professional clients, providing a broader choice. Komainu currently supports custody for 34 native blockchains and 5,700 tokens. Assets are fully segregated from both…
GK8 upgrades policy engine functionality
GK8, the institutional-grade digital asset custody platform that is being acquired by Galaxy, has launched an updated policy engine that enables users to further adapt and customize the GK8 platform workflows to their own business logic. The updated policy engine allows institutions to tailor approval policies for every institutional workflow and procedure, and configure a…
Zodia moves into Japan with SBI
Zodia Custody, the UK-based crypto asset servicing provider for institutional investors, and SBI Digital Asset Holdings Co., Ltd. have entered into definitive agreements to launch a joint venture in Japan. Subject to anti-trust and foreign direct investment clearances, and licences from the Japanese regulator, the Financial Services Agency, the joint venture will act as a…