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Fintech solutions provider, Broctagon Fintech Group, gas launched WorldBook, a global crypto movement focused on solving key liquidity issues plaguing the industry.
WorldBook is the world’s first crypto STP (Straight-Through Processing) network with the largest aggregated liquidity pool. The initiative aims to introduce a universal standard of liquidity for digital assets, uniting both processes and technology within the crypto industry under a single framework.
Unlike the highly streamlined Forex or Securities financial markets, crypto trading is highly fragmented with significant price disparity across exchanges. This is largely because of existing market norms where exchanges operate in a silo within
Digital asset investment products saw inflows totalling USD57 million last week, posting their fourth week of inflows, according to the latest Digital Asset Fund Flows Weekly report from Coinshares.
During last week’s price fall Solana’s price was a stalwart, outperforming a basket of the top 10 digital assets by 34 per cent, having risen 24 per cent week-on-week. This was reflected with inflows, dwarfing any other digital asset, totalling almost USD50 million.
Bitcoin remained flat for the week with a paltry USD0.2 million of inflows, while ether saw minor outflows totalling USD6.3 million.
With hedge funds’ year-to-date returns rebounding back into double-digit territory, new industry data published on Monday shows how emerging markets managers are helping to galvanise the industry and fuel recent gains.
VIPUSD Coin, the Blockchain Cryptocurrency, backed by USD3.6 trillion worth of land, energy and other mineral assets, has moved into launch phase after selling an initial USD23 million worth of currency at a pre-launch discount token price of USD1,200 with indicated values set to hit USD12,000-plus on exchange debuts.
Started in 2021, by Veterans International Petroleum Services LLC, a permanently limited three billion VIPUSD Coin has already been mined to limit their environmental impact. Only 300 million will be released to the market and pegged to the natural reserves behind VIPUSD Coin. More assets will be added to the network
CTAs and trend-following hedge fund strategies have experienced a sluggish start to September, having had a disappointing August in what Société Générale describes as a “challenging environment” for the sector.
ETF and hedge fund technology specialist Truss Edge has released a major new upgrade for its technology platform, which introduces a number of improvements for asset managers.
The new features have been added to provide further options within order and trade management activities, to support the interface between fund managers and administrators and to facilitate the management of digital asset portfolios.
Jay Duffy, CEO of Truss Edge, says: “Our technology is designed to be highly flexible, supported by an intrinsically modular structure. Our latest set of updates are designed to support client firms with the operational requirements they have right
Drawbridge, a premier provider of cybersecurity software and solutions to the investment industry, has added three industry veterans to bolster its business development, strategy and operations teams.
Drawbridge continues to invest in premier talent to drive exceptional customer service, meet new client and market requirements and continue to scale the business through a period of hyper growth.
2021 has been a breakthrough year for Drawbridge. The company secured a growth equity investment from Long Ridge Equity Partners in early 2021 and named FinTech industry pioneer Scott DePetris President & Chief Operating Officer (COO) and appointed him to the
Brevan Howard Asset Management LLP, a global alternative investment management platform, has appointed Colleen Sullivan, CEO and co-founder of CMT Digital, to lead the firm’s private and venture investment activities in crypto.
Additionally, Sullivan is to chair the investment committee of a new strategy which will focus on the highly compelling and disruptive technologies in this asset class. Brevan Howard is also announcing the formation of BH Digital, a new division to manage cryptocurrency and digital assets.
“Brevan Howard’s belief in the huge diversity of opportunities within the digital asset space and the significance of this to long term macro
Gordian Capital has announced the multi-country launch of GSB Equity Long Short Fund managed by Geoffrey Bennett of GSB Capital, LLC in San Francisco.
The Fund invests in high concentration, high conviction large and mid- cap Japanese equities. The market neutral strategy has been employed managing separately managed accounts and has a five-year track record. Capacity in the strategy is limited to USD650 million. In an industry-first, a leading Japanese corporate pension fund is seeding the Fund via a discretionary investment mandate awarded to Gordian Capital Japan.
Bennett, the Fund’s Founder and Portfolio Manager has focused on the Japanese markets
London-based crypto hedge fund Nickel Digital Asset Management has seen its assets soar some 260 per cent this year, as its range of cryptocurrency-focused strategies have generated gains throughout the sector’s rollercoaster ride.
The surge, which has brought the firm’s total AUM to more than USD250 million, has been fuelled by consistent positive returns across its four fund strategies, along with prudent risk management and a high-quality institutional team and business setup, the firm said this week.
Nickel Digital’s original flagship strategy, the Digital Asset Arbitrage Fund, now accounts for roughly a third of firm-wide AUM, having gained 12.6 per
