Accelex, a UK-based SaaS platform delivering alternative investment data management, has closed a new round of venture financing, raising USD5m. Current investors Illuminate Financial, AlbionVC, Expon Capital and SixThirty Ventures renewed their commitment to the firm and are joined in this round by new investor MassMutual Ventures. The financing will support Accelex’ expansion plans through…
Category: FinTech
Maryland Care switches to SS&C
Maryland Care, Inc. (MPC), a Maryland managed care organisation (MCO), has contracted with SS&C for investment accounting, reporting and statutory statement preparation services. MPC will be transitioning from its current service provider to Singularity, SS&C’s cloud-based investment accounting platform, which will support the operational, accounting and regulatory reporting needs of its investment portfolios.
Northern Trust upgrades liquidity management tool for FOS
Northern Trust has launched an enhanced liquidity management data tool on its Front Office Solutions platform. The web-based tool gives asset owners with significant allocations to private market assets better control over their liquidity through unified and customised reporting. The web-based liquidity management module offers users a comprehensive view of their portfolio’s liquidity based on…
Apex acquires Context365
Apex has acquired the technology platform and conference business of Context365 LLC, a provider of technology and events that connects alternative asset class investors with asset managers. Context365 connects LPs and GPs through its SaaS digital networking and research platform, complementing the group’s existing digital marketing platform, Profilir. In addition, Context365 has a well-established summit…
Mesh ID partners with Eleven
Mesh ID, a Netherlands-based fintech servicing the global trust, corporate services, fund administration and fund management ecosystem, has partnered with Eleven, a fintech focused on the alternatives sector. The relationship aims to deliver all onboarding and servicing needs of the private investor industry. The partnership will integrate Mesh ID’s digital KYC/AML processes and shareable investor…
Formidium hires for tech group
Rakesh Kumar has joined Formidium (formerly Sudrania) as an EVP in the technology group. He was previously at Hitachi Vantara.
Digivault to support blackfridge’s poundtoken
Digivault, the UK-regulated digital asset custodian, has entered into a partnership with poundtoken.io, the first UK-regulated stablecoin that is 100pct backed by GBP. The recently launched stablecoin, poundtoken, is known by the ticker “GBPT”, and is issued by blackfridge, the Isle of Man-based fintech company. KPMG has been appointed as its auditors, whose monthly proof…
Hex Trust opens in Italy
Hex Trust, an Asia-based custodian of digital assets, has expanded to Europe by opening its first European office in Milan, Italy. The establishment of the first office in the EU is part of Hex Trust’s expansion strategy in Europe, in anticipation of the forthcoming implementation of the Markets in Cryptoassets (MiCA) regulation that is expected…
BNP Paribas tokenises EDF bond
BNP Paribas has structured, tokenised and distributed a bond, the proceeds of which aim at refinancing a solar energy project sponsored by EDF through its subsidiary, EDF ENR. This native digital asset, issued on the public blockchain, represents the first renewable energy bond tokenisation in the project financing market. For this transaction, the BNP Paribas…
SDX partners with F10 & Aequitec to tokenise equities
Switzerland’s SIX Digital Exchange (SDX), the digital asset exchange and central securities depository (CSD), in partnership with F10, a fintech, and Aequitec, a digital share register and cap table company, have completed the first tokenisation of equity shares in a fully regulated CSD based on distributed ledger technology. F10 will issue its shares with the…