Securrency, a U.S.-based fintech, has raised USD30m in its latest funding round, which will be used to fund the company’s expansion plans. The Series B funding round included WisdomTree Investment, an existing investor, along with, inter alia, State Street and U.S. Bank. Securrency develops blockchain-based financial and regulatory technology.
Category: FinTech
Citi goes live with Proxymity in 10 markets
Proxymity, the digital proxy voting platform that was spun out of Citi‘s securities services business in 2020, has gone live with Citi for proxy voting services for institutional clients in ten markets: UK, Germany, Netherlands, Belgium, Ireland, Austria, Spain, France, Portugal and Australia.
U.S. Marshals Service appoints BitGo for digital assets custody
BitGo, a digital assets financial services provider, has been awarded a contract for custody of digital assets for the U.S. Marshals Service through BitGo Trust Company, which is based in South Dakota.
U.S. Bank invests in FX specialist Lumint
U.S. Bank has made an equity investment in Lumint, a Boston-based company that provides currency management services to institutional investors. Earlier this year, U.S. Bank launched a new passive currency hedging service powered by Lumint’s technology. In 2018 Lumint formed a strategic partnership with Northern Trust.
Olympia set to offer Bitcoin custody in Canada after Knox deal
Further progress in the crypto-currency custody space in Canada. Olympia Trust Company has entered into a letter of intent with Knox Capital Inc. and Knox Industries Inc. by which, subject to the satisfaction of certain conditions, Olympia Trust will be granted the exclusive Canadian licence to use a proprietary Bitcoin custody system developed by Knox.…
AllianceBernstein makes fixed-income history
AllianceBernstein has become the first buy-side firm to receive aggregated liquidity from multiple buyers on the same corporate bond block trade. The trade was enabled by LTX, a Broadridge company, and powered by LTX’s patented RFX protocol. AllianceBernstein tapped into its dealer’s client network to sell a large block of bonds and access aggregated liquidity…
Tom Bennett joins Aztec as head of innovation
Aztec Group, the C.I.-based administrator, has hired Tom Bennett as head of innovation. Previously COO at JLL’s UK investment and agency businesses, Bennett will identify new ideas and opportunities for existing business and create new revenue streams.
LiquidShare hires Brigitte Gignoux to head business development
LiquidShare, the fintech co-founded by European financial institutions including BNP Paribas, Société Générale and Euroclear, has appointed Brigitte Gignoux as head of business development. She joins from FFYN, a collaborative fund distribution platform that was incubated by BNP Paribas, where she previously worked in a business development role.
State Street appointed as administrator for Iconic Bitcoin ETN
State Street has been appointed as the administrator of a planned Bitcoin-backed exchange traded note (ETN) issued by Iconic Funds BTC ETN GmbH, a subsidiary of Iconic Funds GmbH. The ETN will be listed on the Frankfurt Stock Exchange, following approval by BaFin, the German securities regulator. State Street will provide administration services to support…
Nomura expands use of Charles River IMS
Nomura Asset Management, a Japanese asset manager with approximately USD607bn AuM, is expanding its use of Charles River IMS. Nomura will implement Charles River’s strategic cloud solution on Microsoft Azure and adopt Charles River’s post-trade capabilities to further consolidate and simplify its investment operations. Nobuyuki Taguchi, senior managing director, Nomura, said: “Managing our post-trade operations…