METACO, the Switzerland-based provider of digital asset custody and orchestration technology, has partnered with DekaBank, the provider of securities services and capital market solutions to the German Savings Banks Finance Group (Sparkassen-Finanzgruppe). With AuM of >EUR360bn, DekaBank is a provider of securities services in Germany, providing a range of services including custody, asset management and…
Category: Digital Assets
EDB appointed by Arab Bank
Arab Bank (Switzerland) Ltd. has appointed European Depositary Bank, the Luxembourg-headquartered provider of banking, depositary and custody solutions, for the provision of digital banking services. EDB has been selected to provide digital banking services for 32 bank accounts for 14 special purpose vehicles as part of ABS’ EUR400m pan-European real estate strategy. EDB is owned…
Zodia adds to BD team
Suren Ravindra has joined Zodia Custody as a business development manager, based in the UK. He was previously at Digivault.
Copper hires Hammond as chair
Copper.co, the UK-based digital assets services provider, has appointed Philip Hammond, a former chancellor of the exchequer, as chair.
Talos partners with Formidium
Talos, the U.S.-based provider of institutional digital asset trading technology, has partnered with Formidium, which provides digital assets fund administration services. Talos end-users worldwide – institutional investors on the buy-side and the sell-side, including traditional finance and crypto-native firms – can now leverage Seamless Digital, Formidium’s digital assets and tax accounting platform. Seamless Digital consolidates…
Formidium launches crypto tax service
Formidium, the U.S.- based administrator (formerly Sudrania), has launched Crypto Fund Tax, a suite of tax services, including tax allocations, reporting, and filings for funds invested in digital assets. Crypto Fund Tax is aimed at managers and funds that invest in cryptocurrency, DeFi, blockchain, mining, staking, NFTs, tokens, private equity, venture investments, and real estate…
State Street consolidates client & product oversight
State Street has confirmed the creation of two new senior management roles that are designed to consolidate and streamline oversight of the product and client lines globally. Both positions report to Lou Maiuri, president and head of investment services. Jörg Ambrosius is chief commercial officer, responsible for achieving financial and strategic objectives for clients, as…
Zodia appoints new CEO
Zodia Custody, the UK-based crypto custody service from Standard Chartered in association with Northern Trust, has appointed Julian Sawyer as its new chief executive. Sawyer takes over from Maxime de Guillebon, who was seconded from Standard Chartered’s innovation unit, SC Ventures, in 2020. Sawyer was most recently CEO of Bitstamp, a crypto exchange.
Stonegate appoints CIO
Stonegate Global Fund Services has appointed Adam Alesandro as chief information officer. He was previously in private practice.
Galaxy to acquire GK8
Galaxy Digital Holdings Ltd., a financial services and investment management provider in the digital asset, cryptocurrency, and blockchain technology sectors, intends to acquire GK8, a secure institutional digital asset self-custody platform. The acquisition will be the result of a sale process executed in connection with Celsius Network LLC‘s Chapter 11 bankruptcy and is subject to…