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…
Category: Product
BP2S extends broker-to-custody offering
BNP Paribas Securities Services has expanded its broker-to-custody offering and has added Spuerkeess, a Luxembourg-based bank, to the platform. The broker-to-custody solution, which was previously offered only in the U.S. and APAC, is now available across Europe, further to the bank’s recent expansion in equities flow trading in the region. Using BNP Paribas’s open architecture,…
SimCorp & SGSS extend partnership
SimCorp, the Europe-based provider of SaaS investment management solutions, and Société Générale Securities Services (SGSS) have extended their partnership until 2028 to promote front-to-back solutions for asset managers. The new contract includes a broad scope of new activities, including additional front office and ESG functionalities for CrossWise, SGSS’s front-to-back integrated suite which leverages SimCorp Dimension’s…
MUFG opens hub in Cyprus
MUFG Investor Services, the asset servicing arm of Mitsubishi UFJ Financial Group, has established an operational centre in Limassol, Cyprus. This is MUFG’s second European hub, working alongside its Dublin office. MUFG has c. USD800bn AuC/A.
Northern Trust partners with Finscape
Northern Trust has entered into an agreement with Finscape to provide clients with a comprehensive view of their fund distribution activity. By streamlining market intelligence gathering, the service – also called Finscape – aims to help address industry-wide challenges around data transparency. Under the agreement, Northern Trust will make Finscape available to its asset manager…
State Street links to Pirum
State Street has integrated its Collateral+ platform with Pirum’s CollateralConnect service to support mutual clients with collateral management and optimisation. This collaboration builds on a series of investments in the Collateral+ suite, which was recently expanded to include a tri-party service, which enables buy-side firms to optimise collateral usage and efficiency when posting margin to…
Charles River expands wealth management offering
Charles River Development, a State Street company, has established a strategic partnership with Advisor360°, a wealth management software company. The ability for mutual clients to leverage the capabilities of both firms aims to create an innovative and differentiated wealth management solution for the industry. John Plansky, head of State Street Alpha, said: “This partnership signals…
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 &…
BP2S to deploy Next Gate tech
BNP Paribas Securities Services and Next Gate Tech have reached an agreement through which BP2S will deploy Next Gate Tech’s data management and NAV oversight technology to support its depositary bank operations, initially in Luxembourg. Next Gate is a Luxembourg-based fintech which recently hired Eduardo Gramuglia, formerly head of State Street in Luxembourg, as its…
Vistra to implement Depowise solution
Vistra, the Singapore-based provider of fund administration and corporate services, has established a partnership with Depowise to adopt its depositary solution. Depowise is a European-based provider of regtech solutions. The new partnership allows Vistra to transform and digitise depositary business processes. Depowise will be rolled out across Vistra’s European depositary operations in the UK and…