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…
Category: FinTech
InvestX appoints Great Lakes for investor services
Great Lakes Fund Solutions, a U.S.-based administrator for alternative investment fund sponsors, has been appointed to provide investor services for InvestX, a North American marketplace delivering access and liquidity to the private equity asset class through investments in pre-IPO companies on its trading platform, lnvestX GEM.
Genstar acquires majority stake in Foreside
Genstar Capital, a private equity firm, has signed a definitive agreement to acquire a majority stake in Foreside Financial Group, LLC from Lovell Minnick Partners. Foreside provides distribution, governance, risk management and compliance solutions to clients in the global asset and wealth management industries. Genstar is the majority owner of Apex Group.
BNY Mellon to acquire Milestone
BNY Mellon has entered into a definitive agreement to acquire Milestone Group, a U.S.-based provider of fund management technology, including the widely adopted pControl platform. The deal comes just over a year after the two companies formed an alliance to create a suite of oversight and contingent NAV services for asset managers and owners seeking…
CoreVest selects SS&C’s loan management solution
CoreVest, a Redwood Trust company, will implement SS&C’s Precision LM loan management software. CoreVest is a lender to residential real estate investors in the U.S., with >USD10bn in loans funded and 100,000 units financed.
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.
Waystone receives investment from Montagu
Waystone, a provider of institutional governance, risk and compliance services to the asset management industry, has signed an agreement to receive significant investment from Montagu Private Equity, a European private equity firm. Waystone was formed from the merger of DMS, MDO and MontLake.
Northern Trust launches alts servicing digitisation initiative
Northern Trust has launched a machine learning-powered document capture capability as the foundation of a multi-year investment to digitise alternative asset servicing and enhance the experience for clients that invest in complex private market and unlisted assets. The proprietary solution combines robotic process automation and cloud-based technology to provide transparency and data standardisation that enables…
Peter Salvage joins Enfusion from BNY Mellon
Peter Salvage, a veteran of the alternatives fund administration industry, has joined Enfusion, a U.S.-based, private equity-backed fintech that provides front-to-back investment management software and SaaS solutions. Salvage joins as managing director, global head channel & alliance partners, a role that will see him work to strengthen Enfusion’s global channel partnerships with prime brokers, fund…
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…