State Street has been appointed to provide administration services to the two new ETPs issued by DWS: the Xtrackers Galaxy Physical Bitcoin ETC Securities (XXBT) and the Xtrackers Galaxy Physical Ethereum ETC Securities (XETH), both of which are listed on Deutsche Börse. State Street will work alongside Zodia Custody and Coinbase, which have been appointed…
Category: Mandates
ETC consolidates with Zodia
The ETC Group, a Germany-based digital asset ETP issuer, has formed a partnership with Zodia Custody which will see a migration of assets from existing ETC Group products — including the recently launched ETC Group Ethereum Staking ETP (ET32) — to Zodia. In 2023 ETC appointed Komainu as custodian for its first index ETP and…
Zodia wins ETC ETP mandate
ETC Group has appointed Zodia Custody to support its latest ETP listed on Deutsche Börse XETRA, the ETC Group Ethereum Staking ETP, a total return exchange-traded product that tracks the Compass Ethereum Total Return Monthly Index. The ETP is fully backed by the underlying digital assets, and counterparty risk is negated through an independent trustee.…
VanEck selects Gemini
VanEck, the U.S.-based fund manager with USD76.4bn AuM, has named Gemini as custodian for its recently approved bitcoin ETF under the ticker HODL, which is listed on the Cboe BZX Exchange.
SEBA works with SGKB
SEBA Bank, a full-service, global crypto bank, has launched its partnership with St.Galler Kantonalbank (SGKB), Switzerland’s fifth largest cantonal bank, enabling digital asset custody and brokerage services for SGKB’s clients. Having obtained its FINMA banking licence in 2019, SEBA Bank is among the first financial institutions to bring digital assets to the Swiss market and…
Terazo teams with Tokeny in India
Terazo, a private market investment platform based in India, has joined forces with Tokeny, the tokenisation platform, to launch the first regulated tokenised real estate asset in India under the regulatory sandbox framework established by the International Financial Services Centres Authority (IFSCA). Oryx, a USD50m greenfield development, is the first regulated tokenised real estate project…
Hex Trust to support Celestia
Hex Trust, the Asia-based digital asset custodian, has been appointed to support Celestia at its upcoming mainnet launch and token generation event (TGE). Celestia is a modular consensus and data network, built to enable anyone to easily deploy their own blockchain with minimal overhead. Hex Trust has been appointed as the sole licensed custodian from…
OKX joins Komainu Connect
OKX, the world’s second largest cryptocurrency exchange by trading volume, has joined Komainu Connect, the collateral management platform provided by Komainu, which enables institutional clients to conduct secure 24/7 trading of segregated assets under custody through the OKX platform. Komainu Connect reduces client counterparty risk by removing the need to store collateral with trading counterparties,…
Rationarium partners with Hex Trust
Hex Trust, the Asia-based provider of institutional-grade digital asset custody, has partnered with Rationarium, a full-stack cloud-based SaaS solution for Web3 and blockchain businesses. Rationarium has appointed Hex Trust as its digital asset custodian and will also use Hex Trust’s trading services. Rationarium will use Hex Safe, the bank-grade platform for securing and managing digital…
Komainu wins European ETP custody mandate
ETC Group, a European issuer of digital asset-backed securities (ETPs), has selected Komainu, a C.I.-based institutional digital asset custody service provider backed by Nomura, as custodian for its first index ETP. As the first digital asset ETP to be based on an MSCI index, the ETC Group MSCI Digital Assets Select 20 ETP is set…