Generali Investments – through Generali Insurance Asset Management, on behalf of the French company Generali IARD – has purchased, on the secondary market, security tokens of the digitally native bond issued by the European Investment Bank (EIB) in 2021 (with Société Générale as Joint lead manager). The transaction was performed over the blockchain infrastructure of…
Category: Digital Assets
BNY Mellon invests in Coin Metrics
Coin Metrics, a provider of crypto financial intelligence, has raised USD35m in Series C financing, led by Acrew Capital and BNY Mellon. Goldman Sachs, Fidelity Investments, Highland Capital Partners, Avon Ventures and Morningside Technology Ventures are continuing their investments in the company after participating in previous fundraising rounds. They are joined by new investors Cboe…
Nexo launches PB platform
Nexo, a regulated institution for digital assets, has launched Nexo Prime, a proprietary prime brokerage platform that enables institutional, corporate, and high-net-worth investors to trade, borrow, lend, and securely store their digital assets through a single product. Nexo Prime’s custody framework combines solutions from BitGo, Fireblocks, Ledger Vault, and Fidelity Digital Assets. All digital assets…
Invictus converts crypto funds
Invictus Capital, a Cayman-domiciled manager, has migrated its tokenised crypto funds into a regulated mutual fund structure. All open-ended Invictus funds will now have the same oversight as other regulated mutual funds within the Cayman Islands. The funds will benefit from annual independent external audits and daily verification of fund assets by a licensed third-party…
Circle adds BNY Mellon as reserves custodian
Circle Internet Financial, LLC has appointed BNY Mellon as a primary custodian for USD Coin (USDC) reserves. Circle is an internet finance firm that provides internet-based payments and financial infrastructure and is the sole issuer of USDC. USDC is one of the fastest growing dollar digital currencies in the world, with over USD52bn in circulation…
Cowen launches digital asset division
Cowen Inc. has launched its digital asset division, Cowen Digital LLC. Based in Stamford, Connecticut, the new division offers full-service trade execution and custody solutions on a platform that provides institutional clients with secure and compliant access to the digital asset ecosystem. Custody solutions are provided through Cowen’s strategic partnership with PolySign’s Standard Custody &…
Bosonic hires Paddy Boyle as global head of clearing & derivatives
Bosonic, a decentralised financial market infrastructure (dFMI) business with a real-time clearing and settlement service for crypto and digital assets — the Bosonic Network – has hired Paddy Boyle as global head of clearing and derivatives. Boyle is based in London and reports into CEO Rosario Ingargiola. He is charged primarily with further building out…
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…
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…
Catalyst wins digital asset fund mandate
The Catalyst Group Limited, a Cayman-based fund administration and financial services provider, has been appointed by dParadigm Capital Limited to provide fund administration services for its institutional grade digital asset fund, dParadigm Fund SPC. The fund is a regulated vehicle for institutional investors to gain exposure to digital assets via a hybrid VC and DeFi…