Eurex Clearing plans to launch a collateral mobilisation service, supported by DLT, in Q2 2025. The flexibility, speed and efficiency of collateral transfers should be enhanced by mobilising collateral with the support of the HQLAX digital ledger. The goal is to ensure that securities collateral becomes easily accessible, independent of its physical location, and can…
Category: FinTech
Fasanara launches tokenised MMF
Fasanara Capital, a London-based institutional investment manager and leader in digital finance with >USD4bn AuM, has launched its first tokenised money market fund, the Fasanara MMF Token (FAST), held on the Polygon PoS public blockchain. Developed in collaboration with Apex Group, Tokeny, Chainlink, Fireblocks, and XBTO, FAST offers investors a faster, more cost-effective, and money…
HUB wins NAV oversight mandate
HUB, the fintech that is partly backed by State Street, has won a mandate from Acer Tree Investment Management for HUB NAV Oversight, a SaaS solution designed to optimise and automate NAV processes. Acer Tree, a mid-sized UK-based asset manager specialising in alternative investments, will leverage HUB NAV Oversight to streamline its NAV oversight process.
Komainu raises USD75m
Komainu, a C.I.-based digital asset services provider and custodian backed by Laser Digital, a Nomura company, has raised USD75m from Blockstream Capital Partners, subject to relevant regulatory approvals. The funding enables Komainu to accelerate its international strategic growth plans whilst adopting and integrating technologies developed by Blockstream Corporation Inc to maximise efficiencies and enhance client…
CIBCM deploys ActiveOps solution
CIBC Mellon is advancing its fund accounting operations through the deployment of ControliQ, an ActiveOps solution. ActiveOps specialises in decision intelligence, aimed at providing data to support the efficiency and decision-making capabilities of service operations. ControliQ is part of its product suite, focusing on operational performance management and providing AI-driven insights to help teams improve…
Pirum hires for U.S. expansion
Pirum, the UK-based technology provider for securities finance automation and collateral management, has hired Reid Cheyne as director of fixed income sales, Americas. Following RepoConnect’s success, he will lead on accelerating Pirum’s expansion in the U.S. and wider North America’s fixed income industry. He was most recently at Citi, where he moved from directing fixed…
Fondaco deploys Canoe solutions
Canoe Intelligence, a platform for “smarter alts management”, has a new client engagement with Fondaco, an independent Italian asset management company with offices in Turin and Luxembourg. Fondaco has implemented Canoe Connect to automate its alternative investment document collection workflow into a centralised location and Canoe Intelligence to systematise its valuation and transaction data extraction…
Clearwater and Enfusion to merge
Clearwater Analytics and Enfusion have entered into a definitive merger agreement for Clearwater to acquire Enfusion, a provider of SaaS solutions for the investment management and hedge fund industry. The purchase price is USD11.25 per share, delivered in an approximately equal mix of cash and stock. Additionally, Clearwater will pay USD30m to terminate Enfusion’s tax…
SC hires top SGSS manager
Laurent Marochini has been appointed as CEO of Standard Chartered’s new entity in Luxembourg, which will act as its EU entry point for the provision of crypto and digital asset custody services to EU clients, following implementation of MiCA regulation. Marochini joins from Société Générale where his last held position was head of innovation.
Equiniti hires Kramer
Equiniti, the UK-based shareholder services business, has appointed Dan Kramer as chief executive to lead its combined global shareholder services division. Kramer and his leadership team will focus on unifying EQ’s current UK and U.S. shareholder services divisions into a single business unit. Kramer will report to the group chief executive officer, Paul Lynam, and…