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…
Category: Product
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…
BNY Mellon to deploy Chainalysis
Chainalysis, the UK-based blockchain data platform, has announced that BNY Mellon will be the first GSIFI to use Chainalysis’s compliance software as part of its risk management program. This integration will form a component of BNY Mellon’s strategy to develop cryptocurrency services for its clients. BNY Mellon plans to integrate the full Chainalysis compliance software…
SDX and FQX collaborate on eNotes
Switzerland’s SIX Digital Exchange (SDX), the digital asset exchange, and FQX, a SIX Fintech Ventures portfolio company, have agreed to collaborate to enable the use of FQX’s blockchain-based short-term debt instruments, eNotes, on SDX. An eNote is an unconditional promise to pay a specific sum to another party at a specific future date and can…
Komainu launches Yield platform
Komainu, a regulated digital asset custody services, has launched Komainu Yield, giving clients the ability to earn yield on assets custodied with Komainu, and lowering the opportunity cost of using Komainu’s custody solution. Komainu Yield is already live with initial clients, and is now being extended to new custody clients. At launch, Komainu Yield will offer staking services…