Bosonic, a decentralised financial market infrastructure (dFMI) business with a real-time clearing and settlement service for crypto and digital assets — the Bosonic Network – has hired Paddy Boyle as global head of clearing and derivatives. Boyle is based in London and reports into CEO Rosario Ingargiola. He is charged primarily with further building out…
Category: Digital Assets
Hex Trust raises USD88m
Hex Trust, an Asia-based digital asset custodian with >USD5bn AuC, has closed its Series B funding round of USD88m. The funding round was co-led by Animoca Brands and Liberty City Ventures. The new funding will be used to expand in Europe and the Middle East, obtain additional licences, continue development and innovation, and enhance new…
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…
Catalyst wins digital asset fund mandate
The Catalyst Group Limited, a Cayman-based fund administration and financial services provider, has been appointed by dParadigm Capital Limited to provide fund administration services for its institutional grade digital asset fund, dParadigm Fund SPC. The fund is a regulated vehicle for institutional investors to gain exposure to digital assets via a hybrid VC and DeFi…
Copper hires COO
Copper, the UK-based provider of custody and prime services for digital assets, has appointed Sabrina Wilson as chief operating officer. She was previously at Citi, where she was the global co-head of the futures, OTC clearing and FX prime brokerage business.
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
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…
LSEG to acquire TORA
The London Stock Exchange Group (LSEG) has agreed to acquire TORA, a U.S.-based trading technology provider, for USD325m. Founded in 2004, TORA has an order and execution management and portfolio management solution for clients trading equities, fixed income, FX, derivatives and digital assets. The addition of digital assets to LSEG’s trading capabilities strengthens its presence…
Bitpanda acquires Trustology
Bitpanda, the Swiss-based crypto asset services provider, has acquired Trustology, the UK-based provider of trust and custody services for digital assets. Bitpanda will rebrand as Bitpanda Custody as a result of the deal. Bitpanda’s digital asset exchange now commits to offset custody fees, bringing them down to zero for users on Bitpanda. The deal also…
Apex to administer new crypto fund
Apex has been appointed to provide fund administration and transfer agency services for the NEOR Crypto Volatility Fund. NEOR is a long/short quantitative algo crypto vol trading fund with strategies based on artificial intelligence combined with deep-learning models aimed at identifying trading opportunities by digesting real-time data from multiple sources. Eagle Eye Finance Sàrl is…