PolySign Inc., the U.S.-based digital assets fintech, has agreed to acquire MG Stover, a U.S.-based alternatives administrator with >USD40bn in digital assets under administration, believed to the world’s largest. The acquisition will enable PolySign “to deliver a comprehensive, vertically integrated custody, trading and administration offering to institutional investors for cryptocurrency and digital assets”. PolySign expects…
Category: Alts
Securrency secures FSP for ADGM
Securrency Capital, a broker-dealer based in the Abu Dhabi Global Market (ADGM), has secured a Financial Services Permission (FSP) from ADGM’s Financial Services Regulatory Authority (FSRA) to deal in investments as a matched principal and provide custody for those investments. The license enables Securrency Capital to provide trading of digital assets to a variety of…
SG supports Generali digital bond purchase
Generali Investments – through Generali Insurance Asset Management, on behalf of the French company Generali IARD – has purchased, on the secondary market, security tokens of the digitally native bond issued by the European Investment Bank (EIB) in 2021 (with Société Générale as Joint lead manager). The transaction was performed over the blockchain infrastructure of…
IQ-EQ appoints new Lux CCO
IQ-EQ, the Luxembourg-based investor services group, has named Bram Eijsbouts as its new chief commercial officer (CCO) for Luxembourg. Having joined IQ-EQ in 2020, he has been promoted from his previous role as head of business development for Luxembourg.
Highvern receives TCSP authorisation
Highvern, the C.I.-based administrator, has received Trust and Company Service Providers (TCSP) authorisation for its Ireland operation. This will allow the business to engage with a wider range of clients, offering a suite of corporate administration services to section 110 and SPV structures across debt, capital markets, real estate, infrastructure, private equity, aviation, and other…
Apex acquires U.S. tax specialist
Apex has acquired a majority shareholding in FTS, a U.S.-based tax services firm serving clients in the alternative investment and family office sectors. FTS provides tax planning, tax compliance, and tax structuring for private equity funds, and real estate funds. This dedicated tax offering complements Apex’s existing range of U.S. tax preparation services and support,…
Another senior manager leaves BBH
Mark Chessler has joined Alter Domus as a senior manager, based in the U.S. Chessler was previously at BBH, working in the alternative investments product group, and has also worked for State Street.
BNY Mellon invests in Coin Metrics
Coin Metrics, a provider of crypto financial intelligence, has raised USD35m in Series C financing, led by Acrew Capital and BNY Mellon. Goldman Sachs, Fidelity Investments, Highland Capital Partners, Avon Ventures and Morningside Technology Ventures are continuing their investments in the company after participating in previous fundraising rounds. They are joined by new investors Cboe…
Nexo launches PB platform
Nexo, a regulated institution for digital assets, has launched Nexo Prime, a proprietary prime brokerage platform that enables institutional, corporate, and high-net-worth investors to trade, borrow, lend, and securely store their digital assets through a single product. Nexo Prime’s custody framework combines solutions from BitGo, Fireblocks, Ledger Vault, and Fidelity Digital Assets. All digital assets…
Alpha adds to NatWest mandate
NatWest Trustee and Depositary Services (NWTDS) has expanded its partnership with Alpha Real Capital after being mandated to provide depositary services for its Long Income Funds range, which includes a GBP2.1bn Index Linked Income Fund which invests in portfolios of UK ground rent assets to provide a long-term secure and predictable inflation-linked income stream with…