Category: U.S. Bank

U.S. Bank is to offer its clients access to Intercontinental Exchange’s ICE ETF Hub, which provides electronic access to the ETF primary market. ICE ETF Hub, which recently surpassed USD1trn in notional create/redeem orders, is an industry-wide, open architecture technology solution, offering a standardised and simplified process for the creation and redemption of ETF shares.…

U.S. Bank has launched its cryptocurrency custody service, targeted at institutional investment managers with private funds in the U.S. and/or Cayman looking for a safekeeping solution for Bitcoin, with additional coin support to follow. NYDIG, a technology and financial services company dedicated to Bitcoin, is the first crypto sub-custodian appointed in the bank’s network of…

GK8, an Israel-based cybersecurity and digital asset custodian, has partnered with fintech company Securrency to provide banking clients with institutional-grade blockchain services. The partnership centres around GK8’s enterprise-grade custody solutions, which will become available to Securrency’s clients as it builds its tokenisation infrastructure. Securrency’s main focus is tokenising real-world assets such as stocks, commodities and…

U.S. Bank has launched a range of services for sponsors of special purpose acquisition companies (SPACs), including: Establishing a special-purpose segregated trust account to hold SPAC proceeds; Holding, investing and disbursing of funds in accordance with a trust agreement; Providing statements and secure online reporting of account holdings and activity; Maintaining investment books and records;…

Securrency, a U.S.-based fintech, has raised USD30m in its latest funding round, which will be used to fund the company’s expansion plans. The Series B funding round included WisdomTree Investment, an existing investor, along with, inter alia, State Street and U.S. Bank. Securrency develops blockchain-based financial and regulatory technology.

U.S. Bank has made an equity investment in Lumint, a Boston-based company that provides currency management services to institutional investors. Earlier this year, U.S. Bank launched a new passive currency hedging service powered by Lumint’s technology. In 2018 Lumint formed a strategic partnership with Northern Trust.

U.S. Bank has launched an end-to-end solution for Irish Limited Partnership (ILP) funds, covering loan administration, fund and investor services, depositary, custody and account banking. U.S. Bank has established a comprehensive ILP solution across its global fund services, depositary services and global corporate trust business lines. U.S. Bank is understood to have secured its first…