Zodia Custody, the UK-based crypto asset JV between SC Ventures, the ventures and innovation arm of Standard Chartered, and Northern Trust, is now registered with the UK’s Financial Conduct Authority (FCA). The registration means that Zodia Custody can now provide commercial services to clients as a cryptoasset business. Zodia Custody is one of nine cryptoasset…
Category: Digital Assets
U.S. Marshals switch to Anchorage for crypto asset custody
In what appears to be change of heart, the U.S. Marshals Service (USMS), a part of the Department of Justice, is using Anchorage Digital for the custody of seized digital assets. Anchorage Digital said that it will also provide “accounting, customer management, audit compliance, managing blockchain forks, wallet creation, transformation of token assets into coin…
Grayscale adds BNY Mellon as key servicing provider
Grayscale Investments, the world’s largest digital currency asset manager with >USD30bn AuM, has selected BNY Mellon as an asset servicing provider for Grayscale Bitcoin Trust, its flagship product. BNY Mellon will provide Grayscale Bitcoin Trust with fund accounting and administration effective October 1, 2021. Additionally, it is anticipated that BNY Mellon will provide transfer agency…
Covario to deploy METACO Harmonize
Covario, an independent prime broker for digital asset managers based in Switzerland, has selected METACO Harmonize as its digital asset orchestration engine. Harmonize acts as the overarching policy layer to ensure oversight and management of Covario’s operations, coupled with a single point of integration for its various internal systems. Covario offers trade execution services including…
Hex Trust receives funding from Cyberport
Hong Kong-based Hex Trust, a digital asset custodian, has secured investment from Cyberport, Hong Kong’s largest fintech hub, which is wholly owned by the Hong Kong SAR government.
Fidelity Digital Assets launches third party clearing & settlement
Fidelity Digital Assets is launching third-party clearing and settlement capabilities with TP ICAP, one of the world’s largest inter-dealer brokers. The collaboration with TP ICAP aims to deliver a new trading model that will enable clients to buy bitcoin with USD stored on the Fidelity platform via TP ICAP’s new digital asset platform, and to…
Deutsche Börse buys majority stake in Crypto Finance
Deutsche Börse Group has acquired a majority stake in Crypto Finance AG, a Switzerland-based financial group that offers trading, storage, and investment in digital assets to institutional and professional clients. Through the acquisition, Deutsche Börse will extend its offering for digital assets by providing a direct entry point for investments, including post-trade services such as…
Wyoming Deposit & Transfer licensed to provide digital custody
Wyoming Deposit & Transfer Corporation has been granted a new bank charter by the Wyoming Division of Banking under the regulatory framework of a Special Purpose Depository Institution. The charter will enable WDT to provide commercial banking, together with custodial services, for a wide range of tokenized assets and digital and fiat currencies, meeting the…
State Street creates new digital finance division
State Street has launched a new division focused on digital finance. The new division, State Street Digital, will be led by Nadine Chakar, EVP and head of global markets. Chakar will report to Lou Maiuri, COO. Chakar will be replaced as head of global markets by Tony Bisegna, currently global head of portfolio solutions, FX…
Catalyst hires Danielle Faul
Catalyst, the Cayman-based start-up administrator, has hired Danielle Faul as manager, digital fund services. She joins from Harmonic Fund Services, a Cayman-based independent financial services firm specialising in alternatives.