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…
Category: Headlines
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,…
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 –…