Tag: Custody

Custody

Citi Hires Custody and Fund Services Head

Mark Ersser has joined Citi’s custody and fund services business as the head of client reporting product for EMEA. In this role, he will drive the product expansion of Citi’s middle office client reporting solution for its asset manager clients. He will be based in London and report to Paul Kilcullen, head of custody and […]

Can Symbiont’s Blockchain Solution Change How FX Trades?

For many years, Symbiont deliberately avoided touching FX. But now, having partnered with Vanguard, it is building a decentralised network for FX trading that it claims could represent a major inflection point for the industry. Galen Stops reports. One thing that the team at Symbiont, a blockchain technology company founded in 2013, are adamant about […]

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 […]

Bakkt Expands Crypto Custody Service

Bakkt, the cryptocurrency exchange founded by Intercontinental Exchange (ICE), has now made its institutional crypto custody service, Bakkt Warehouse, available to all market participants following new regulatory approvals. Previously, only clients trading the Bakkt bitcoin futures contracts could use this custody service, but now the exchange has received authorisation from the New York Department of […]

Etana Expands Liquidity Access

Etana Custody, a custody solution for fiat and digital assets that provided real-time electronic trade settlement in the digital space, is now offering users access to multiple exchanges and non-exchange liquidity providers from a single account. This news comes following the announcement from Kraken, a digital asset exchange, that its users will be able to […]

ISDA to Create Custody Function for IM

The International Swaps and Derivatives Association (ISDA) and Linklaters have announced the addition of a new custody function on ISDA Create’s initial margin (IM) offering, which will enable users to complete all documentation required for regulatory IM on a single platform. BNY Mellon will be the first custodian to go live on the platform. ISDA […]

Bringing the Pure Concept to Digital Assets

For all the talk of institutionalising crypto markets, progress is slow – Colin Lambert talks to Campbell Adams, founder and CEO of Pure Digital about how he plans to accelerate the transformation Although the end result in terms of hard numbers doesn’t really tell the story, the creation of the FX Pure trading platform, which […]

Koine Acquires Hireabl to Improve On-Boarding

Koine, which offers custody and settlement of digital assets, has acquired hireabl, a fintech company for automated client on-boarding. In a release issued today Koine says that it plans to make a number of strategic acquisitions of early stage tech-based, IP owners in order to fast-track the integrated end-to-end services that its clients are demanding. […]

Quants the Sole Bright Spot Amongst Crypto Funds

A new report published this week shows that while the median return for crypto hedge funds was a staggering -46% last year, quant funds managed a median return of 8%. The data contained in the report, which was published by PwC and Elwood Asset Management, was collected within the first quarter of 2019 across the […]

Bakkt Looks to Scale with New Acquisition

Bakkt, a platform for buying, selling, storing and spending digital assets that was launched by Intercontinental Exchange (ICE), has acquired Digital Asset Custody Company (DACC), a firm that specialises in providing custody services for digital assets. “Think of that [acquisition] as helping us scale our existing offering that we’ve built over the last two years […]