Nexo, a UK-based regulated platform for digital assets, is collaborating with Fidelity Digital Assets, the institutionally focused execution and custody services platform provider, to improve institutional access to digital assets by offering best-in-class custodial and lending services, including the launch of institutional-focused products. Nexo, a provider of cryptocurrency-collateralised credit, with Fidelity Digital Assets as custodian…
Year: 2021
Enfusion opens in Sydney
Enfusion, a U.S.-based provider of cloud-based investment management software and services, has opened an office in Sydney, Australia. Raymond Chan serves as head of sales, Australia and New Zealand, for Enfusion.
Project Jura completes wCBDC experiment
Banque de France (BdF), Swiss National Bank (SNB) and Bank for International Settlements’ (BIS) Innovation Hub have completed Project Jura, an experiment in cross-border wholesale CBDC, in collaboration with Accenture, Credit Suisse, Natixis, R3, SIX Digital Exchange and UBS. Project Jura explored cross-border settlement of tokenised assets in wholesale central bank digital currencies (wCBDCs) on…
Citi wins lion’s share of BlackRock’s iShares rebalancing
Citi has emerged as the major winner in BlackRock’s rebalancing of its provider panel for the USD2.3trn iShares’ assets in U.S.-domiciled ETFs. The decision is the culmination of a nearly two year-long due diligence process with the selection of four of the leading custody banks to support the growth of U.S. iShares ETFs and strengthen…
CSC and Intertrust reach conditional agreement
CSC, the U.S.-based provider of business, legal, tax, and digital brand services, has reached a conditional agreement on a recommended public offer for all issued and outstanding ordinary shares of Intertrust, the Netherlands-based administration and corporate services provider that has USD460bn AuA. Earlier in 2021 CVC, a UK private equity firm, abandoned a bid for…
BlueBox appoints Northern Trust for USD1bn Lux SICAV
Northern Trust has been appointed to provide fund administration, depositary, global custody and its Integrated Trading Solutions (ITS) to BlueBox Asset Management’s Luxembourg-domiciled BlueBox Global Technology Fund. Headquartered in Switzerland, BlueBox Asset Management was established in 2017. Its BlueBox Global Technology Fund (SICAV) has grown assets under management to more than USD1bn. The fund invests…
State Street deploys DLT for FX margin calculation
State Street, alongside Vanguard and Symbiont, have jointly completed the margin calculation process for a live trade of a 30-day foreign exchange forward contract through the use of Assembly, Symbiont’s distributed ledger technology. The firms have been actively exploring the application of blockchain technology to undertake margin processing for FX forwards and swaps, with the…
HSBC hires global head of investor services product
CP Yap, who was previously president and CEO of Computershare in Hong Kong, has joined HSBC as global head of investor services product, markets & securities services. He is based in Hong Kong, reporting to Sébastien Danloy, global head of investor services at HSBC, and Brian Godins, regional head of securities services, Asia & MENAT.…
SimCorp partners with Domos FS
SimCorp, the U.S.-based provider of SaaS investment management solutions, has entered into a partnership with Domos FS to deliver a front-to-back-office investment management offering covering both public and private markets for asset managers, asset owners and service providers. SimCorp has taken an initial minority stake in Domos FS.
Davies acquires Sionic
Davies, a professional services and technology business, has acquired Sionic, a consulting and technology firm. Headquartered in the UK, Sionic specialises in technology transformation and digitalisation, international regulatory compliance, and risk management. Sionic will join Davies’ consulting & technology practice headed by CEO Mark Grocott. Craig Sher, Sionic CEO, will continue to lead day-to-day operations…