WisdomTree has appointed BNY as its core banking-as-a-service (BaaS) infrastructure provider for WisdomTree Prime, its retail platform for tokenised assets and cryptocurrency. The collaboration between the two firms cements WisdomTree as BNY’s first retail digital assets BaaS client. WisdomTree Prime is claimed to be the first app to provide access to tokenised funds to U.S.…
Category: Mandates
L&G transitions to Alter Domus
L&G Asset Management has transitioned c. GBP20bn (c. USD 27bn) AuA to Alter Domus, following its strategic partnership in 2024. Under the agreement, Alter Domus provides outsourced operational services to L&G, including accounting, reporting, and unit pricing for UK-based real estate funds, and has expanded to include additional asset classes and jurisdictions. Thirty-five L&G staff…
Adepa installs Fenergo
Adepa, a Luxembourg-based-asset servicing provider, has deployed Fenergo’s software to streamline investor onboarding and enhance compliance across Adepa’s operations, starting in Luxembourg. Fenergo is an Ireland-based provider of client lifecycle management, KYC and transaction monitoring solutions. With a presence in Luxembourg, Italy, Spain, and Latin America, Adepa provides asset servicing solutions to traditional and alternative…
BBH to support new Fidelity ETFs
Fidelity International has launched the U.S. Fundamental UCITS ETF range, including the U.S. Fundamental Small-Mid Cap UCITS ETF, the first semi-transparent ETF in Ireland. BBH has been appointed to support the new funds.
Northern Trust wins IFFEd mandate
Northern Trust has been appointed by the Switzerland-based International Finance Facility for Education (IFFEd) to provide global custody services. The World Bank acts as asset manager for IFFEd.
U.S. Bank wins stablecoin custody mandate
U.S. Bank has been selected to serve as the custodian for reserves backing Anchorage Digital Bank’s payment stablecoins. Anchorage Digital Bank is the only crypto-native bank in the U.S. to hold a federal charter, operating under the direct oversight of the Office of the Comptroller of the Currency. Anchorage Digital Bank launched its stablecoin issuance…
H.I.G. appoints SEI
H.I.G. Capital, an alternative investments firm with USD70bn AuM, has selected SEI to provide fund administration and depositary services for certain Luxembourg- and Cayman-domiciled private equity and infrastructure assets. H.I.G. provides equity and debt capital to middle-market companies and has managed more than 400 companies worldwide.
BNPP supports innovative Spanish fund
Azvalor, the Spanish asset manager, has launched its first tokenised investment fund, within the regulatory sandbox of the Spanish National Securities Market Commission (CNMV). This project, developed jointly with Allfunds Blockchain and BNP Paribas acting as depositary bank and fund administrator, introduces an alternative distribution model for UCITS funds. The fund, Azvalor Blockchain FI, represents a structural innovation…
SFP selects Broadridge for front-to-back transformation
Swiss Finance & Property Group, a Swiss real estate asset manager with >USD15bn AuM, has appointed Broadridge for a full front-to-back transformation of its investment management technology platform. Broadridge will provide SFP Group with its integrated platform of investment management solutions, including trade order and execution management, portfolio management, pre/post trade compliance, risk management, middle…
Aztec supports Lakestar’s new fund
Aztec Group, the C.I. based administrator, has supported Lakestar, a European venture capital firm, on the close of Lakestar Continuation Fund I, a USD265m (EUR228m) continuation vehicle. Aztec provides fund administration services to LCF I from its Guernsey office, continuing its long-standing relationship with Lakestar.