Tag: Capital Markets

State Street stands up new crypto unit as it eyes potential custody, DeFi products

State Street stands up new crypto unit as it eyes potential custody, DeFi products

State Street wants to send a message to Wall Street: the custodial banking firm is serious about digital assets.  To that end, it’s built up an entirely new business unit dedicated to digital assets, tokenization, and cryptocurrency assets. Announced Thursday, the new unit — dubbed State Street Digital — will be led by Nadine Chakar, […]

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Billionaire Alan Howard is making ‘massive moves’ into crypto

Billionaire Alan Howard is making ‘massive moves’ into crypto

Quick Take The Block has spoken to more than half a dozen sources close to Howard’s crypto operations. The former fund manager has made at least nine investments in crypto-related businesses. Elwood, set up by Howard in 2018 as an asset manager, is pivoting to become a software business focused on crypto liquidity. This feature […]

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Singapore sovereign wealth fund invests $70 million in crypto exchange OSL’s parent group

Singapore sovereign wealth fund invests $70 million in crypto exchange OSL’s parent group

GIC, the sovereign wealth fund managing Singapore’s foreign reserve, has invested HK$543.19 million (or $70 million) in Hong Kong-listed BC Group, the parent company of regulated crypto exchange OSL. The investment was made through a new stock top-up placement where BC Group issued 31,952,500 shares at a price of HK$17 per share to GIC, according […]

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One of NYSE’s largest market-makers is joining a Solana-based data project

One of NYSE’s largest market-makers is joining a Solana-based data project

One of the largest trading firms making markets on the New York Stock Exchange announced last week that it is breaking into the decentralized finance space by joining a Solana-based market data project.  GTS — best-known for facilitating large initial public offerings on NYSE — joined Pyth Network, a data project led by high-speed trading […]

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Binance-backed Indonesian crypto exchange Tokocrypto is eyeing an IPO

Binance-backed Indonesian crypto exchange Tokocrypto is eyeing an IPO

Binance-backed Indonesian crypto exchange Tokocrypto is looking to go public in the next two to three years. Tokocrypto CEO Pang Xue Kai told Nikkei-owned DealStreetAsia that the exchange operator is already profitable, but before public listing, it needs to be profitable for at least more than two years. Thus, an initial public offering or IPO […]

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DeFi oracle protocol Lithium raises $5 million, led by Pantera and Hashed

DeFi oracle protocol Lithium raises $5 million, led by Pantera and Hashed

Lithium Finance has raised $5 million in a founding round led by Pantera Capital and Korean blockchain VC Hashed to build a decentralized data oracle protocol for pricing private assets. The startup said in a statement on Tuesday that other investors who have backed the round included Alameda Research, Huobi Ventures’ Blockchain Fund, OKEx’s Blockdream […]

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Galaxy Digital snaps up Vision Hill in bid to beef up asset management

Galaxy Digital snaps up Vision Hill in bid to beef up asset management

The crypto market’s M&A streak continued Monday with Galaxy Digital’s announcement that it has acquired investment and asset management firm Vision Hill Group.  According to Galaxy, the acquisition will expand the firm’s asset management business, Galaxy Fund Management. Vision Hill offers hedge fund indices and market data tools for professional investors. It also offers portfolio […]

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Crypto venture capital firm 1confirmation announces close of new $125 million fund

Crypto venture capital firm 1confirmation announces close of new $125 million fund

1confirmation, a crypto-focused venture capital firm, said Tuesday that it has closed a new $125 million fund.  The fund will be used to invest in early-stage startups in the crypto space as well as cryptocurrencies and NFTs, per a blog post penned by 1confirmation founder Nick Tomaino. Tomaino, who worked for Coinbase between 2013 and […]

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