Euroclear has taken a stake in Marketnode, the Singapore-based digital market infrastructure operator. Founded by SGX Group and Temasek in 2021, Marketnode serves as Asia-Pacific’s DLT-powered financial market infrastructure. HSBC invested in Marketnode in May 2024. By joining forces with Marketnode and its existing shareholders, Euroclear aims to participate in the setup of a key…
Category: Digital Assets
Copper appoints new CEO
Copper.co, the UK-based provider of digital asset custody, collateral management and prime services, has appointed Amar Kuchinad as its new global CEO. Kuchinad takes over from Copper’s founder, Dmitry Tokarev, who has stepped back from his role as CEO after seven years. Tokarev will remain closely involved in Copper’s future, both as the board’s founder…
WisdomTree returns to BNY
BNY has been appointed by WisdomTree to provide custody, accounting, fund administration, ETF services and securities lending across its U.S.-listed ETFs, covering USD80.7bn AuM. BNY has also been awarded fund accounting and administration of WisdomTree’s Bitcoin ETF and suite of tokenised funds. The outgoing provider is State Street, which took the mandate from BNY over…
CACEIS works with Spiko on MMF tokenisation
CACEIS has enabled clients to subscribe to the first French UCITS money-market funds with units natively issued and delivered on Ethereum’s public blockchain. This marks the launch of CACEIS’ new custody architecture for tokenised financial instruments and crypto assets. Spiko, a pioneering French fintech known for its blockchain-based fund unit tokenisation solution, and Twenty First…
State Street hires digital chief
State Street has appointed Vanessa Fernandes as head of digital asset solutions. Fernandes, who will be based in New Jersey, will report to Donna Milrod, chief product officer. Prior to joining State Street, Fernandes was global head of digital experience at BNY Mellon.
State Street signs with Taurus
State Street has signed an agreement with Taurus SA, the Switzerland-based provider of digital asset infrastructure, to deliver digital assets capabilities for State Street’s clients. Subject to receipt of applicable regulatory approvals, State Street will leverage Taurus’ custody, tokenisation and node management solutions to automate the issuance and servicing of digital assets, including digital securities…
Komainu to service BUIDL
Komainu, the C.I.-based digital asset services provider, is to provide custody for BlackRock’s BUIDL Token. The BUIDL Token – BlackRock USD Institutional Digital Liquidity Fund – is a tokenised fund created by BlackRock. Operating on the Ethereum blockchain, BUIDL offers institutional investors exposure to U.S. dollar yields through tokenisation. By tokenising a U.S. dollar fund,…
Path Crypto appoints Gemini
Gemini, the digital asset service provider, has been appointed as the custodian for Path Crypto’s Managed Portfolios, a robo-advisor investment platform that offers tailored digital investment strategies for retail and institutional investors. Path Crypto, a registered SEC investment advisor, recently launched the Managed Portfolios program in the U.S. and has plans to expand internationally later…
Komainu appointed by Nasdaq
Nasdaq has appointed Komainu, the C.I.-based digital asset custodian, as a core custodian for its suite of crypto indices. This follows a similar arrangement between Nasdaq and Zodia Custody.
Komainu approved in Switzerland
Following an update to its rules for listing crypto-asset-based products from SIX Exchange Regulation AG, Komainu (Jersey) Limited has been approved as a custodian of crypto assets under the new guidelines. The updated regulations expand the range of eligible crypto assets. A key addition is the requirement for these products to use custodians that are…