Zodia Custody, the Standard Chartered backed digital assets custodian, has opened in Hong Kong.
Category: Alts
Zodia Markets granted VASP status by CBI
Zodia Markets, the Standard Chartered backed digital asset exchange and brokerage platform, has received its registration as a Virtual Asset Service Provider (VASP) by the Central Bank of Ireland. This follows on from the firm receiving cryptoasset registration from the UK’s Financial Conduct Authority in 2022 and its in-principle approval by Abu Dhabi Global Markets…
Arcesium wins treasury mandate
PAAMCO Prisma, an alternatives investment firm, has selected Arcesium, a fund administrator in which J.P. Morgan has a strategic stake, to provide treasury management services through its Treasury Suite. Arcesium’s treasury capabilities will provide enhanced transparency and control over PAAMCO Prisma’s collateral management and securities lending activities. PAAMCO Prisma aims to optimise multi-asset collateral allocation…
SimCorp wins AP3/AP4 mandates
SimCorp has been selected by AP3 and AP4 as their new provider of a portfolio management system. Following a public procurement process and a thorough analysis of 13 applications, the two Swedish national pension funds have signed a front-to-back SaaS service agreement with SimCorp, covering the entire investment management value chain. AP3 and AP4, collectively…
Citco upgrades CitcoConnect
Citco has released an upgrade to its online service, CitcoConnect, introducing features designed to streamline the capital raising and subscription process and enhance UX. Prospective investors can now start their AML/KYC pre-review online, in advance of completing their initial subscription form through CitcoConnect’s online technology. In addition, the platform’s new data pre-population function enhances online…
VentureSouq hires SS&C
VentureSouq, a Dubai-based venture capital fund manager, has appointed SS&C GlobeOp as a fund administrator for its fintech range. VentureSouq’s mandate includes two funds, one management company and four co-investment vehicles. VentureSouq will use SS&C GlobeOp’s private markets fund services, including fund administration, treasury, investor services, process workflow and accounting solutions.
Petra receives capital injection
Petra Funds Group, a U.S.-based fund administrator serving private investment firms, has entered into a definitive agreement to receive a majority growth investment from Charlesbank Capital Partners, a middle-market private investment firm based in the U.S. The Petra founders and management team remain significant shareholders alongside Charlesbank. Founded in 2021, Petra offers fund administration and…
ONE opens in U.S.
ONE Group Solutions, the Luxembourg-based fund solutions provider, has established a presence in the U.S Rafael Perez has been appointed as business development lead – Americas, based in New York. In addition, Melanie Hopper, ONE’s group general counsel, has relocated to the U.S.
DTCC to acquire Securrency
DTCC, the U.S. market infrastructure provider, has signed a definitive agreement to acquire Securrency Inc., a developer of institutional-grade digital asset infrastructure. The acquisition is expected to close shortly. Both U.S. Bank and State Street are investors in Securrency. Securrency will become a wholly-owned subsidiary of DTCC and will operate under the name DTCC Digital…
IQ-EQ appoints first Ireland CCO
Paul Griffith has been appointed by IQ-EQ as its first chief commercial officer for Ireland. Prior to joining IQ-EQ in 2021, Griffith was a commercial director with Intertrust Group. He will join the regional leadership team and will manage the regional sales team.