DTCC, the U.S. market infrastructure provider, has signed a definitive agreement to acquire Securrency Inc., a developer of institutional-grade digital asset infrastructure. The acquisition is expected to close shortly. Both U.S. Bank and State Street are investors in Securrency. Securrency will become a wholly-owned subsidiary of DTCC and will operate under the name DTCC Digital…
Category: FinTech
Komainu and Copper collaborate
Komainu, the C.I.-based digital assets custodian, and Copper, the UK-based provider of institutional digital asset solutions, have formed a partnership that will offer Komainu’s institutional clients the ability to trade via Copper’s ClearLoop. Through this alliance, Komainu’s clients will benefit from both regulated, on-chain custody provided by Komainu, and access to off-exchange settlement and rapid…
Komainu appoints CTO
Komainu, the C.I.-based digital assets custodian, has appointed Robert Johnson as chief technology officer, based in London. He joins from Coremont, where he was CTO and partner. Komainu, which is backed in part by Nomura, recently received approval from the UK’s Financial Conduct Authority to register as a custodian wallet provider.
Citi settles first trades through Synapse
Citi has settled trades for China Asset Management (Hong Kong) on the Hong Kong Exchanges and Clearing Limited (HKEX) Synapse platform, which recently went live. These were among the first trades executed and settled on Synapse, HKEX’s integrated settlement acceleration platform designed to complement the existing Northbound Stock Connect post-trade infrastructure. Citi claims to be…
J.P. Morgan launches Data Mesh
J.P. Morgan has launched its Securities Services Data Mesh for institutional investors, available through Fusion by J.P. Morgan. The solution enables investors to retrieve critical investment data held by J.P. Morgan using cloud-native channels including REST APIs, Jupyter notebooks and the Snowflake Financial Services Data Cloud.
Symphony hires bus dev head
Symphony, the market infrastructure and technology platform, has hired Bryan Christian as head of business development. He will focus on the company’s priority growth initiatives, including new markets, segments and client engagement. He joins from financial technology company LMAX Group, where he was director of U.S. institutional sales. He has also worked in senior commercial…
Euroclear/Goji launch PA service
Euroclear and Goji, a Euroclear-owned fintech, have combined to launch a new service for private market funds. The service, which is integrated into Euroclear’s funds platform, FundSettle, complements its existing money market, mutual and alternative fund offerings. The new solution enables clients to access a broader range of fund asset classes through a single point…
Nabi joins GCEX
Jason Nabi has joined GCEX, a digital prime broker, as a strategic business development consultant. Nabi, who is based in the UK, was previously at Bosonic. He has also worked at HSBC, SGSS and BNP Paribas, inter alia.
ZEDRA partners with Cascata
ZEDRA, the European administrator, has partnered in the U.S. with Cascata Solutions, the digital waterfall fund administration software provider. ZEDRA will deploy the Cascata platform for carried interest and fee administration for its private equity, private credit, venture capital and real estate clients.
Hazeltree appoints Miller as CEO
Hazeltree, the U.S.-based provider of treasury and liquidity management solutions for the asset management industry, has appointed Stephanie Miller as the company’s president, chief executive officer, and board director. She will take over the CEO role from Tushar Amin, who will be stepping away from his leadership role for personal and family reasons. Miller was…