The ETC Group, a Germany-based digital asset ETP issuer, has formed a partnership with Zodia Custody, which will see a migration of assets from existing ETC Group products — including the recently launched ETC Group Ethereum Staking ETP (ET32) — to Zodia. In 2023 ETC appointed Komainu as custodian for its first index ETP and…
Category: Digital Assets
Apex goes live with DLT TA
Apex has become what it claims is the first transfer agent and fund service provider to administer regulated securities using blockchain as the book of record. This enables global private market funds to access a more diverse and significantly larger pool of qualified investors. In partnership with Hamilton Lane and Sygnum Bank, Apex created a…
Kraken launches custody solution
Kraken Institutional, the U.S.-based provider of crypto solutions for institutional investors, has launched its qualified custody solution, offered through Kraken Financial, its state-chartered bank. Headquartered in Wyoming, U.S., Kraken Financial is authorised to offer digital asset custody and deposit accounts for institutions. Kraken Financial is a segregated entity, where funds and assets are held remotely…
Fireblocks hires CMO
Fireblocks, an enterprise platform for building blockchain applications and managing digital asset operations, has hired Michal Ferguson as chief marketing officer. Prior to joining Fireblocks, Ferguson built and scaled the go-to-market functions at Snyk, a cybersecurity platform that integrates directly into development tools, workflows, and automation pipelines. BNY Mellon took a stake in Fireblocks in…
Komainu supports USYC
Komainu, a UK-regulated digital asset custody service provider partly backed by Nomura, has begun custody support for USYC, created by Hashnote, the on-chain first digital asset manager, built with the support of Cumberland and DRW. The partnership will enable Hashnote’s USYC to be held in custody by Komainu.
Canton Network completes first pilot
Digital Asset and other market participants have completed the Canton Network pilot, a first-of-its-kind program demonstrating the interoperability of twenty-two independent distributed ledger applications (dApps) in the capital markets space. The execution of over 350 simulated transactions proved how a network of interoperable applications can connect to enable secure, atomic transactions across multiple parts of…
Zodia wins ETC ETP mandate
ETC Group has appointed Zodia Custody to support its latest ETP listed on Deutsche Börse XETRA, the ETC Group Ethereum Staking ETP, a total return exchange-traded product that tracks the Compass Ethereum Total Return Monthly Index. The ETP is fully backed by the underlying digital assets, and counterparty risk is negated through an independent trustee.…
HSBC executes first HK digital bond repo
HSBC has executed a Hong Kong dollar repo transaction with The Bank of East Asia, Limited (BEA), which used Hong Kong government digitally native green bonds as collateral for financing purposes. This is understood to be the first repo in Hong Kong involving digital bonds. Using HSBC Orion as the digital assets platform, HSBC helped…
Komainu loses CEO
Nicolas Bertrand, chief executive of Komainu, the C.I.-based crypto asset custodian, has stepped down with immediate effect. Robert Johnson, who joined Komainu as CTO in 2023, has taken charge as interim CEO. Bertrand joined Komainu in September 2022, following a botched attempt to hire Matthew Chamberlain, then CEO of the London Metal Exchange.
Cit completes PA tokenisation PoC
Citi has completed a proof of concept on tokenisation of private funds along with Wellington Management and WisdomTree. With ABN AMRO simulating the role of a traditional investor, the PoC tested the tokenisation of a Wellington-issued private equity fund by bringing it on to a DLT network. The underlying fund distribution rules were encoded into…