Amundi and Indosuez Wealth Management have acquired a stake in AirFund to promote the marketing of private asset funds. AirFund is a digital platform created in 2021 to facilitate the link between management companies and distributors of private markets funds with retail investors It raised EUR6m in a recent funding round jointly led by Amundi…
Category: FinTech
Taurus opens in DIFC
Taurus SA, the Swiss digital asset infrastructure provider, has opened an office in Dubai. Bashir Kazour will head the new office, which is based in the DIFC.
SEBA links with SGKB
SEBA Bank, a full-service, global crypto bank, has launched its partnership with St.Galler Kantonalbank (SGKB), Switzerland’s fifth largest cantonal bank, enabling digital asset custody and brokerage services for SGKB’s clients. Having obtained its FINMA banking licence in 2019, SEBA Bank is among the first financial institutions to bring digital assets to the Swiss market and…
Terazo links with Tokeny
Terazo, a private market investment platform based in India, has joined forces with Tokeny, the tokenization platform, to launch the first regulated tokenised real estate asset in India under the regulatory sandbox framework established by the International Financial Services Centres Authority (IFSCA). Oryx, a USD50m greenfield development, is the first regulated tokenised real estate project…
Torstone links MO with CTM
Torstone Technology, a UK-based provider of post-trade securities and derivatives processing solutions, has completed product certification of its middle office product with DTCC’s CTM, a central matching platform used to allocate and centrally match transactions across multiple asset classes.
Socium partners with Cascata
Socium Fund Services, the U.S.-based subsidiary of Suntera Global specialising in private equity, private credit, real estate, and venture capital fund administration, has partnered with Cascata Solutions, a provider of automated waterfall distribution software. Together, they aim to deliver carried interest, management fee, and expense accounting services for Socium’s private fund clients.
HSBC to launch digital assets custody service
HSBC plans to launch a new digital assets custody service for institutional clients who invest in tokenised securities. Once live in 2024, HSBC’s new service will complement HSBC Orion, the bank’s platform for issuing digital assets, as well as HSBC’s recently launched offering for tokenised physical gold. The new service does not cover cryptocurrencies or…
DZ BANK launches digital asset custody service
DZ BANK, a BaFin-regulated financial institution and one of the largest custodians and depositary banks in Germany, has launched an institutional digital asset custody offering. Metaco’s Harmonize solution has been deployed as the service platform. One of the first use cases was to onboard a Siemens tokenised bond, in which both DZ BANK and Union…
SimCorp to merge with Axioma
SimCorp, the Deutsche Börse subsidiary, is to merge with Axioma, a provider of factor risk models, portfolio construction tools, and multi-asset class enterprise risk solutions. Prior to the merger with SimCorp, Axioma was part of Qontigo, a subsidiary of Deutsche Börse and a strategic partner of SimCorp since 2021.
NTRS partners with Novata
Northern Trust has agreed with Novata, a fintech that provides ESG data for private markets investments, to provide its data to Northern Trust’s asset servicing clients. Northern Trust recently participated in a Series B funding round for Novata. Novata’s data management solution aims to provide asset owners with a clearer view of the ESG impact…