SEI has launched Ledger, a new functionality designed to provide institutional investors and asset owners with the ability to view, update, and reconcile a comprehensive set of raw data within SEI’s portfolio intelligence tool, SEI Novus. Ledger can help users rectify contradictory or delayed information in order to provide clients with greater transparency, accuracy, and…
Category: FinTech
State Street bolsters digital management team
State Street Digital has added three executives to its leadership team. Katie Richards joins as global head of operations and Marcus Grubb as global head of product. Both report to Nadine Chakar, head of State Street Digital. Additionally, Derren Selvarajah has joined as product PMO lead for the product strategy team. Selvarajah reports to Grubb.…
Hex Trust raises USD88m
Hex Trust, an Asia-based digital asset custodian with >USD5bn AuC, has closed its Series B funding round of USD88m. The funding round was co-led by Animoca Brands and Liberty City Ventures. The new funding will be used to expand in Europe and the Middle East, obtain additional licences, continue development and innovation, and enhance new…
Apex acquires majority stake in FAC
Apex has acquired a majority stake in Fund Admin Chain, a distributed ledger-based network for launching, distributing, trading and settling collective investment funds. FAC is designed to connect fund investors, fund managers and their service providers in a digital distributed ecosystem. In addition to simplifying and streamlining the investment funds’ value-chain, FAC delivers additional revenue…
ZEDRA acquires Axelia
ZEDRA, the Switzerland-based service provider, has acquired Axelia Partners in the U.S. Axelia Partners has been privately owned by Alexandra and Philippe Suhas since 2013 and is headquartered in Boston, with offices in New York. The company facilitates the U.S. expansion of predominantly European headquartered businesses and entrepreneurs by providing administrative and accounting services necessary…
Gen II acquires Update Capital
Gen II Fund Services, LLC, a U.S.-based fund administrator in the alternatives investment market, has acquired Update Capital, a Canada-based provider of investment management technology solutions for the real estate market. Terms of the transaction were not disclosed. Update Capital provides an automated, cloud-based solution for real estate sponsors to manage their assets and investors.
LTX completes integration with CRD
LTX, a Broadridge company that runs a digital trading platform, has completed its integration with the Charles River Investment Management Solution. The integration enables Charles River’s order and execution management system users to access aggregated liquidity and leverage transparency and price discovery within their workflows through their existing relationships with their dealers.
STP receives new funding
STP Investment Services, a U.S.-based service provider that supports more than USD340bn in total assets, has received an investment from Lovell Minnick Partners, a private equity firm focused on investments in financial services, financial technology and related business services.
State Street licenses Copper.co technology
State Street Digital, State Street’s dedicated digital division, has entered into a licensing agreement with Copper.co, a UK-based provider of institutional digital asset custody and trading infrastructure. State Street Digital will leverage Copper.co’s technology to develop and, subject to receipt of regulatory and other approvals, launch an institutional grade digital custody offering where clients can…
SS&C launches new fund platform
SS&C has launched GoCentral, a platform to optimise its fund administration offering. The intelligent web platform leverages AI and BPR in an exception management-based approach to front, middle and back-office services. GoCentral is an integrated and intelligent, next-generation fund administration platform – a single unified platform to access the information and systems needed to manage…