Standard Chartered has launched a new digital asset custody service in the UAE following the receipt of a licence from the Dubai Financial Services Authority (DFSA), with Brevan Howard Digital (BH Digital) confirmed as the inaugural client.
The Securities and Exchange Commission has settled charges against a former Florida-based cryptocurrency hedge fund Galois Capital Management for failing to comply with requirements related to the safeguarding of client assets.
Digital asset investment products saw outflows totalling $305m last week, with widespread negative sentiment evident across various providers and regions, according to the latest Digital Assets Funds Flows weekly Report from CoinShares.
Zodia Custody, an institution-first digital asset custodian whose shareholders include Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, has launched support for Cardano staking.
Aquanow, a global crypto infrastructure provider with over 300 clients, has partnered with Zodia Custody, a digital assets custodian backed by Standard Chartered, SBI Holdings, Northern Trust and National Australia Bank.
Hilbert Group AB, through its asset management division, Hilbert Capital, has formed a strategic partnership with Xapo Bank, a prominent global financial institution, to launch a new $200m bitcoin-denominated hedge fund.
Digital assets trading firm QCP has launched a tri-party solution aiming to provide enhanced protection for its clients’ assets, which is supported by digital assets infrastructure platform Fireblocks.
London-based Capula Management, one of Europe’s largest hedge funds with over $30bn in assets, has made a substantial foray into the cryptocurrency market with a nearly $500m investment in bitcoin ETFs, according to a report by Tech Business News.
Bitwise Asset Management has expanded into Europe with the acquisition of ETC Group, a London-based crypto ETP issuer with over $1bn in AUM, adding nine European-listed crypto ETPs to its suite of ETPs, hedge fund solutions and separately managed accounts.
Digital asset investment funds saw minor inflows last week totalling $30m, as recent macroeconomic data implied the US Federal Reserve is less likely to cut interest rates by 50 basis points in September, according to CoinShares.
