Central Bank Group to Assess the Case for Digital Currencies

Six central banks, along with the Bank for International Settlements (BIS), have created a group to assess the potential use cases for a central bank digital currency (CBDC) in their home jurisdictions. The central banks involved in the group are: the Bank of England (BoE), the Bank of Japan (BoJ), the European Central Bank (ECB), […]
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AlgoTrader Completes Series A Funding Round

AlgoTrader, a Swiss-based firm offering algorithmic trading software solutions for quantitative hedge funds trading equities, FX, derivatives and cryptocurrencies, has completed a CHF 3.7 million ($3.81 million) round of financing from institutional investors. The firm says that this series A funding round was led by a global tier one bank, but is declining to disclose […]
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GCEX Partners with oneZero

GCEX, a digital asset exchange launched last year, has partnered with oneZero Financial Systems in order to offer its liquidity services to a wider client base. This partnership allows participants of oneZero’s EcoSystem access to GCEX liquidity, which includes cryptoassets and FX. The oneZero EcoSystem is a distribution channel of multi-asset class liquidity that encompasses […]
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Lempres Joins OTCXN Board

OTCXN has announced the appointment of Mike Lempres to its board of advisors. Lempres is currently executive in Rresidence at venture capital firm Andreessen Horowitz and advisor to the firm’s crypto and blockchain portfolio companies, he is also a member of the board of directors of Coinbase Trust Company (Coinbase’s custody business), Silvergate Bank and […]
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Fidelity Expands Crypto Business into Europe

Fidelity Investments has announced it is establishing a new entity to serve European institutions investing in digital assets. Fidelity Digital Assets, Ltd. will offer access to enterprise-quality custody and trade execution services for digital assets to investors such as hedge funds, family offices and market intermediaries. This business builds upon the company’s 2018 launch of […]
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State Street Announces Digital Asset Pilot with Gemini

State Street has announced a new digital asset pilot in collaboration with Gemini Trust Company, a cryptocurrency exchange and custodian. The pilot is looking to combine Gemini’s custody services with State Street’s back office reporting. Initially, it will perform reporting scenarios on users’ cryptocurrency holdings within Gemini Custody, but it can be adapted to report […]
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Basel Committee Consults on Crypto Regulation

The Basel Committee on Banking Supervision has started a consultation process on the regulatory treatment of crypto assets by publishing a discussion paper on the design of a prudential treatment of these assets. The committee says the past few years have seen rapid growth in crypto-assets, and that while the market is still small relative to […]
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Digital Gamma Develops Repo Protocol for Cryptocurrency

Digital Gamma announced today its newest offering, TPR (Tri-Party Repo). The firm says that by using the TPR protocol, two counterparties can engage in a borrow/lend transaction with greater transparency and reduced capital requirements, lowering risk and cost as compared to current market solutions. Ari Pine, co-founder of Digital Gamma, says: “Repo sits at the […]
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LedgerX Founders Placed on Administrative Leave

LedgerX co-founders and senior executives, Paul Chou and Juthica Chou, have been placed on administrative leave by the board of directors of the platform’s parent company, Ledger Holdings. The board has installed Larry Thompson, formerly vice chairman of the Depository Trust & Clearing Corporation (DTCC), as interim CEO and lead director of the firm. Paul […]
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In the FICC of It

This week’s podcast starts with a bombshell that leaves Galen Stops reeling and lost for words before he and Colin Lambert get into the details with a look at the results of the first day of the Global FX Committee’s deliberations this week. Lambert highlights one of two challenges he believes the committee face, not […]
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