The hard-won, if only tacit recognition of crypto as an asset class, is rippling across the financial industry. Crypto’s new status brings with it the requirement for trading, clearing, settlement and custody of digital assets, and nowhere is this need more pressing than in the hedge fund space.
Portal Asset Management, sponsor of the Portal Digital Fund, a global fund of digital asset hedge funds, has launched the Horizon Index Fund, which is targeted at family offices, sophisticated and institutional investors seeking passive, broad market exposure to the digital currency space.
Digital token trading platform Bitfinex has launched a Financial Information eXchange (FIX) gateway, a message routing service using the FIX protocol that enables high-speed connectivity to the exchange, amid a surge in demand for high-speed connectivity among the exchange’s growing user base.
More than one-in-four hedge fund managers are expecting to increase their exposure to cryptocurrencies in the next one to two years, according to the 2021 EY Global Alternative Fund Survey.
Marex Solutions, a division of Marex Group that specialises in customised derivative products, and Coinbase Prime, a crypto custodians and liquidity hubs, have formed a partnership that will broaden both parties institutional digital hedging and crypto investment capabilities.
Saxo Bank has added nine new Crypto FX pairs to its TradingView offering, marking the latest round of integration of the capabilities from its new Crypto FX service with the established TradingView platform.
Maple Finance has launched an on-chain vehicle for Alameda Research, a USD30 billion dollar quantitative trading firm, to syndicate loans directly from accredited institutional investors around the world.
GMEX MultiHub Limited (GMEX), a new business unit of the GMEX Group, has launched Digital MultiHub (MultiHub), a global cloud-enabled trading and post-trade digital market infrastructure platform which facilitates third-party trading and post-trade services across traditional and digital asset markets.
Cryptocurrency exchange Bitstamp has added Copper.co, the institutional gateway to digital asset investing, as an additional custody provider.
SBAI, a global alliance of alternative investment managers and allocators and custodian of the Alternative Investments Standards, has released a new Toolbox memo providing guidance on completing operational due diligence on crypto assets. The memo can be found in the SBAI Toolbox for Crypto Assets.