BNY has struck a deal with Galaxy, the digital assets specialist, to advance the digital asset infrastructure for institutional markets, including support for staking, a process that allows eligible digital assets to earn rewards, on BNY’s digital asset custody platform. This will combine digital asset custody and staking within a single institutional servicing model. Eligible…
Category: BNY Mellon
Ultimus hires CCO from BNY
Ultimus Fund Solutions has appointed Danielle Adamson as chief client officer, a newly established role focused on strengthening client experience across the firm’s public and private markets businesses. Most recently, she served as senior director of client coverage for BNY‘s asset servicing division. Prior to BNY, she spent 16 years at State Street.
BNY invests in LemonEdge
LemonEdge, a fund accounting platform for private markets, has completed a USD21m Series A investment round to accelerate product development and continued expansion in the U.S. and Europe. Blackstone Innovations Investments, Blackstone’s early-stage investment arm, led the funding round. They are joined by BNY, with participation from long-time investor Sidekick Partners.
BNY launches digital TA
BNY has launched its digital TA capabilities, supporting digitally native funds. The service will initially be launched with select clients in the U.S. and U.K., with plans for expansion. Early adopters are BNY Investments Dreyfus, Baillie Gifford, which co-designed its offering with BNY, and BlackRock.
BNY hires from J.P. Morgan
Matthew Goldblatt has joined BNY as global head of alternatives for client service, asset servicing. Based in Luxembourg, he previously spent 19 years at J.P. Morgan.
BNY expands with Circle
BNY has expanded relationship with Circle Internet Group, Inc. as part of new stablecoin enablement capabilities for institutional clients. Circle’s USDC will be the first stablecoin on BNY’s digital asset custody platform, enabling BNY clients to store, transfer, mint and burn USDC. This expands BNY’s role as primary custodian of USDC reserves. BNY clients can…
Euronext and BNY collaborate
Euronext, the European capital markets infrastructure, and BNY are collaborating to enhance the collateral management capabilities of Euronext Clearing across asset classes, notably for cleared repo. By leveraging BNY’s collateral infrastructure and USD7.8trn liquidity pool, this collaboration will enhance the collateral management capabilities of Euronext Clearing, enabling members to manage their cleared activity more efficiently, including…
Jeacock joins CACEIS
Matthew Jeacock has joined CACEIS as a director & sales executive with the UK client coverage team. He previously spent nine years at BNY.
UI appoints BNY
Universal Investment, the Germany-based fund services provider, has appointed BNY as its servicing partner for its Irish ICAV-based ETF platform. BNY will provide fund administration, depositary services, and ETF-specific operational support.
Moss joins FNZ
David Moss has joined FNZ, the wealth platform, as group chief product officer, based in New York. He was previously at BNY for seven years after eight years at Citi.