Tag: Institutional

Standard Custody takes new route to ‘qualified custodian’ status

Standard Custody takes new route to ‘qualified custodian’ status

Standard Custody received its license to operate as a New York state-chartered trust on May 4, and it’s already making a play to gate-crash the institutional custody space. Just days after its licensing, the firm announced the close of a $53 million Series B round for its parent firm, PolySign. Cowen Digital Asset Investment Company […]

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Steve Cohen’s Point72 is poised to make a ‘big’ crypto market entrance: sources

Steve Cohen’s Point72 is poised to make a ‘big’ crypto market entrance: sources

Point72, the hedge fund founded by billionaire Steve Cohen, is set to make a sizable entrance into the crypto market, according to several people familiar with the firm’s business.  Point72 — which managed as much as $22 billion as recently as of April 1 — is said to be taking a very holistic approach to […]

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A closer look at the European Investment Bank’s first Ethereum-based bond

Quick Take The lending arm of the European Union recently issued a €100 million bond using the Ethereum public blockchain. The transactions were settled with the help of a short-lived supply of digital euros issued by France’s central bank. Two officials from the EIB spoke with The Block about how they designed the bond — […]

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Why Galaxy Digital bought BitGo

Quick Take Mike Novogratz, CEO of Galaxy Digital, sees custody as crucial to the “full stack” of crypto financial services. Acquiring BitGo also gives Galaxy the technical talent it needs to build its own blockchain applications, he says. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily […]

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ARK Invest CEO Cathie Wood joins board of crypto firm Amun

On Monday, Cathie Wood, the prominent Wall-street investor and CEO of ARK Invest, joined the board for the crypto tech company Amun Holdings, according to Bloomberg.  Amun attempts to improve retail and institutional accessibility to crypto, Amun CEO Hany Rashwan told Bloomberg, and that the company earns between $40 million to $50 million per year.  […]

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VanEck submits SEC filing to create an ETH exchange-traded fund

Asset manager VanEck has filed to create an ether-focused exchange-traded fund (ETF), according to public filings. As noted in The VanEck Ethereum Trust filing, published Friday: “The Trust’s investment objective is to reflect the performance of the MVIS® CryptoCompare Ethereum Benchmark Rate less the expenses of the Trust’s operations. In seeking to achieve its investment objective, […]

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Crypto market makers pour another €10 million into Bitpanda

Bitpanda, the Vienna-based crypto exchange and neo-broker, has topped up its recent $170 million Series B fundraise with another €10 million (roughly $12 million). The money comes from leading crypto market makers and investors. Jump Capital and Wintermute Trading have both invested in the company, alongside the venture capital firm LeadBlock Partners. In March, Bitpanda […]

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CME eyes ‘much wider potential customer base’ with next week’s micro bitcoin futures launch

CME Group execs discussed the firm’s bitcoin futures offerings during an earnings call on Wednesday, with next week’s expected launch of micro bitcoin futures predicted to open the door to a potentially wider customer base. According to a published transcript, CME brought in $4.7 million in revenue from its bitcoin futures offering. Senior managing director […]

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Deutsche Borse invests €10 million in a marketplace for real estate, NFT art and more

German stock exchange operator Deutsche Borse and Commerzbank, the lender, have invested in a new fintech firm named 360X that aims to create digital asset marketplaces. Deutsche Borse has invested €10 million for a stake of nearly 50% in 360X’s holding company, while Commerzbank holds a significantly lower double-digit stake, according to a Deutsche Borse […]

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EIB issues CBDC-denominated digital bond on Ethereum blockchain

The European Investment Bank (EIB), the European Union’s lending arm, announced Wednesday that it issued its first-ever bond on the Ethereum blockchain.  The bond, issued yesterday, is worth €100 million ($121 million) and will mature on April 28, 2023. Money from underwriters — those assuming risk by buying into a bond — is represented as […]

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