Genesis, a digital asset servicer and digital currency prime brokerage, has received approval from the UK’s Financial Conduct Authority for its Genesis Custody business as a registered cryptoasset business. Genesis Custody provides segregated multi-asset cold storage for full custody of client assets. In 2020 Genesis acquired Vo1t, a UK-based digital custody service provider. The Genesis…
Category: Digital Assets
FIS hires State Street digital expert
FIS, the U.S.-based fintech, has appointed Ralph Achkar as head of product strategy for digital assets, currency, and blockchain. He joins from State Street, where he led digital product development for EMEA and ASPAC.
U.S. Bank wins WisdomTree BTC ETF mandate
WisdomTree, the U.S.-based ETP specialist with USD75bn AuM, has appointed U.S. Bank as service provider for its proposed Bitcoin Trust ETF, which is currently under review by the SEC.
Deutsche Börse completes deal with Crypto Finance
Deutsche Börse has completed its acquisition of a majority stake in Crypto Finance, a FINMA-regulated provider of trading, custody, and investment services for digital assets. Jan Brzezek, CEO and co-founder of Crypto Finance, and the current management team will continue to lead Crypto Finance and retain a significant stake in the company. Crypto Finance will…
Anchorage appoints head of sales
Anchorage Digital, a U.S.-based digital assets servicer, has hired Camilla Churcher as its head of sales. She was most recently at cryptonative lending platform, Celsius, where she was global head of business development, and has experience in traditional prime brokerage sales at Credit Suisse and Bank of America. Anchorage received an industry-first federal bank charter…
SGSS supports BTC ETF launched by Melanion Capital
Melanion Capital, a French asset management company regulated by the AMF, has launched a bitcoin ETF under the UCITS banner. The Melanion BTC Equities Universe UCITS ETF was launched on Euronext in October 2021 Melanion worked with SGSS throughout the planning and product design phase, which took two years, and subsequently appointed the bank as…
BBVA Switzerland adds ether to crypto service
BBVA Switzerland’s crypto asset service has added ether (ETH) to the investment portfolio, enabling private banking clients and customers with a New Gen account to manage both bitcoins and this cryptocurrency. On the BBVA app, they can view these digital assets along with other traditional investments. They can also automatically be converted to euros, dollars…
Nexo partners with Fidelity Digital Assets
Nexo, a UK-based regulated platform for digital assets, is collaborating with Fidelity Digital Assets, the institutionally focused execution and custody services platform provider, to improve institutional access to digital assets by offering best-in-class custodial and lending services, including the launch of institutional-focused products. Nexo, a provider of cryptocurrency-collateralised credit, with Fidelity Digital Assets as custodian…
Project Jura completes wCBDC experiment
Banque de France (BdF), Swiss National Bank (SNB) and Bank for International Settlements’ (BIS) Innovation Hub have completed Project Jura, an experiment in cross-border wholesale CBDC, in collaboration with Accenture, Credit Suisse, Natixis, R3, SIX Digital Exchange and UBS. Project Jura explored cross-border settlement of tokenised assets in wholesale central bank digital currencies (wCBDCs) on…
Zodia and Northern Trust to support Invesco’s new Bitcoin ETP
Invesco, the U.S.-based asset manager with USD1.5trn AuM, has launched a Bitcoin ETP on Xetra that is aimed sophisticated investors looking to gain exposure to the cryptocurrency. The Invesco Physical Bitcoin ETP will be 100pct backed by holdings in the underlying digital assets, with the aim of delivering the price performance of Bitcoin, less a…