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By Nicholas Cooper & Dr Hartmut Neff (pictured), Crypto Fund – The addition of crypto assets to the investment portfolio is on the rise among professional and institutional investors. What makes this move increasingly interesting for institutional investors? Swiss-based Crypto Fund AG, a subsidiary of Crypto Finance AG, explores the market with the advent of regulated business partners and crypto asset technology breakthroughs.
Opportunity in the crypto asset market
The crypto asset market saw its first major influx of investment, resulting in a price surge through December 2017, followed by the recent period of substantial public interest in crypto assets and
Swisscom Blockchain AG, a joint venture between ex Ernst & Young executives and Swisscom, the Swiss communications giant, have launched their new Digital Asset Custody solution into the global Financial Institution market place.
Mark Lally (pictured), Principal Advisor with Swisscom Blockchain, explains: “We offer key products and services across three specific areas: Firstly, the Enterprise Blockchain business unit delivers consulting services and project implementation expertise to existing businesses.
“Secondly, our Tokenisation Services unit focuses on asset tokenisation where real world assets get tokenised on the blockchain. This also includes fund raising ICO’s for established or start-up businesses where we act
Since the last publication of a crypto/blockchain report across Global Fund Media’s sites in August, news has come that Fidelity Investments, which administers more than USD7.2 trillion in client assets, has launched a company dedicated to digital assets.
Fidelity Digital Asset Services will handle custody for cryptocurrencies such as bitcoin and will execute trades on multiple exchanges for investors such as hedge funds and family offices.
“Our goal is to make digitally native assets, such as bitcoin, more accessible to investors,” said Abigail Johnson, Fidelity Investments Chairman and CEO.
Huhnsik Chung, a partner at Stroock & Stroock & Lavan LLP in
Barrick Gold Corporation’s shareholders have voted to approve the issuance of Barrick common shares in connection with the Merger of Barrick and Randgold Resources Limited (Randgold), and the continuance of Barrick to the Province of British Columbia under the Business Corporations Act (British Columbia).
The issuance of Barrick common shares in connection with the Merger, and the continuance, were each approved by more than 99 per cent of the votes cast at a special meeting of shareholders.
“Today marks an important step in our journey of taking Barrick ‘back to the future’,” says Barrick Executive Chairman John L Thornton.
The global Crypto Asset Management Market is expected to grow from USD94 million in 2018 to USD207 million by 2023, at a Compound Annual Growth Rate (CAGR) of 17.1 per cent during the forecast period, according to a new report from MarketsandMarkets.
The report – Crypto Asset Management Market by Platform, Deployment Type (On-premises and Cloud), End-user (Institutions (BFSI, Hedge Funds, Brokerage Firms), and Retail and eCommerce), and Region (North America, Europe, APAC, and RoW) – Global Forecast to 2023 – says that the major growth drivers for the market include the need for safeguarding crypto currency assets, the growth
Record Currency Management (Record) has developed a method of improving the environmental, social and governance (ESG) credentials of its Multi-Strategy currency product whilst preserving the return profile, enabled by one of the largest sets of country-specific ESG data built to date.
As part of its drive to incorporate ESG factors into active currency products, Record has worked in collaboration with Oxford-based researchers to extend the boundaries of ESG to encompass the currency markets, from its existing base in bonds and equities.
The process applies insights on the relationship between productivity and exchange rates, gained from over 30 years of
Investment research marketplace ERIC has appointed Daren Riley as Chief Executive, with responsibility for driving the company’s strategy to strengthen lasting investment research relationships in the MiFID II world.
Riley started providing consultancy services to ERIC in 2017 with a focus on business and product development. His appointment as Chief Executive reflects an evolution of ERIC’s strategy to address the realities of the investment research market under MiFID II.
Riley will use his wealth of institutional asset management experience to focus the ERIC offering on generating longer-term subscription-based research relationships between investment managers and research providers, while also growing
Duco, a provider of enterprise data quality and reconciliation services, has added HSBC and Merrill Lynch veteran Spencer Lake as a non-executive director.
The company has also significantly bolstered its senior management team with the appointments of Danielle Price as Head of Finance and Operations, Peyton Kay as Vice President of Strategic Marketing, and Scott Glazer as Head of Sales, North America.
Prior to joining Duco, Lake spent 10 years at HSBC where he served as a Group General Manager, Vice Chairman of Global Banking and Markets, Co-head of Global Markets, and Global Head of Capital Financing. Previously he
MINDEX, GMEX Group and Hybrid Stock Exchange Corporation Limited (HYBSE) have partnered to launch a blockchain exchange platform, based in Mauritius.
The HYBSE International Marketplace will integrate blockchain solutions and technology with traditional financial industries providing a complete and governed ecosystem that digitalises assets onto the Blockchain. This partnership will for the first time, enable institutional investors access to cryptocurrency ETF’s and other crypto-instruments.
The following asset classes will be facilitated for trade in a digital tokenised format:
• Cryptonised Shares
• Cryptonised Currencies
• Commodities
• Indices
• Forex
• ETC’s (Exchange-Traded Commodities)
• ETF’s (Exchange-Traded Funds)
FlexTrade Systems, a specialist in multi-asset execution and order management systems, has integrated the Bernstein Cube into the FlexTRADER EMS, providing traders with a comprehensive portfolio construction, risk analysis and pre-trade system.
Bernstein Cube offers a global, multi-day pre-trade model for single stock and portfolio level trades, incorporating overnight risk and forecast impact based on the selected execution strategy. Cube maintains a full knowledge of market opening times, trading holidays and major liquidity events enabling optimal trade schedules and forecast cash flows to be calculated.
“The Bernstein Cube is an ideal addition to the advanced trading functionality of our FlexTRADER EMS,”
