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, 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 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 […]
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 […]
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, 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. […]
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, 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 […]
BitGo, a provider of cryptocurrency financial services, has partnered with Genesis Global Trading, an OTC digital currency trading firm, to provide clients with the ability to trade digital assets directly from BitGo custody.Through this partnership, client firms will be able to maintain assets in custody with BitGo Trust Company, a qualified custodian purpose-built for digital assets, while being able to get online, real-time pricing for buy and sell orders.Clients firms will also be able to execute transactions from cold storage without having to manage keys and can access Genesis’ liquidity through a network of trading partners with same day settlement directly through a BitGo Trust account.
GMEX Technologies (GMEX) has added two new products, ForumCustody and ForumWallet, to its Fusion product suite, thus providing digital custodian and vault capabilities.
The firms says Fusion delivers digitally enabled hybrid trading and post trade solutions for exchanges, clearing-houses and central securities depositories (CSDs) taking advantage of the inherent positive characteristics of both centralised and distributed ledger technology.
GMEX says that institutional investors are increasingly investing in digital assets and require custodians who are able to deliver exchange custody, self-custody or third-party management of their digital asset accounts.