Apex Group (Apex) has been appointed to provide fund services to Blockchain.com Asset Management (BCAM), a new crypto asset management platform powered by Blockchain.com with investments managed by Altis Partners (Altis). BCAM’s Jersey-domiciled funds will offer regulated crypto investment products for institutional investors, family offices and high net worth individuals.  The platform launches with a suite of index and systematic products such as a Bitcoin Tracker and a Bitcoin Smart Beta. The Bitcoin Tracker algorithmically trades Bitcoin to track its price versus USD, providing cheap, efficient exposure to Bitcoin, while Bitcoin Smart Beta offers an algorithm-based risk-managed exposure to bitcoin

Algorand is to implement the first smart contract to automate the offsetting of carbon emissions. Doubling down on its commitment to the environment, the network’s new self-sustaining smart contract automatically allocates a portion of every transaction fee to offset its carbon emissions.  Sustainability has been a core component of Algorand since its inception. Designed to be energy-efficient, the Algorand network has never experienced any downtime. Its unique pure proof-of-stake consensus mechanism requires minimal energy and fees, while delivering high speed, security and instant finality.  Last year, Algorand partnered with ClimateTrade, a leader in CO2 emissions transparency and traceability that uses

Digital token trading platform Bitfinex has launched new markets for LUXO, the native token of a blockchain protocol for certifying the authentication of luxury goods, Luxochain. LUXO deposits and trading will open in April and will include both LUXO:USDT and LUXO:USD pairs.  Luxochain tokenises luxury assets and mints NFTs that correspond to each product that’s placed on the market. Using Luxochain’s Virgo iOS and Android apps, buyers can browse through luxury products and verify the authenticity of each product, and owners and sellers of luxury products can safely create, receive, store and send Digital Certificates of Authenticity and Ownerships via

QuantCube has launched Port Congestion Indicators, giving hedge funds, asset managers and investment banks guide investment on port congestion ahead of the market and give early signals about problems in global supply chains.

Due diligence specialist Castle Hall has launched DiligenceExchange, delivering in-depth industry intelligence for institutional investors. DiligenceExchange (DXC) contains due diligence data on several thousand funds across traditional (stock and bond) and alternative strategies – hedge funds, private equity, venture capital, real estate, infrastructure and private credit. Castle Hall’s standardized approach to due diligence data collection underpins the entire DXC program. Castle Hall uses a consistent scope and methodology to gather data from each asset manager/GP. The firm then completes independent “trust but verify” checks to protect against fraud.

SimCorp, an independent provider of SaaS (Software as a Service) investment management solutions, and StarQube, a Fintech providing a flexible suite of investment decision modules, are partnering to offer a comprehensive framework for applying data science in portfolio construction. Combining StarQube with SimCorp’s integrated front-to-back investment management platform will offer mutual clients secure and easy access to a comprehensive investment decision platform, enabling them for quantitative research and portfolio construction and optimization. StarQube provides a state-of-the-art environment to create proprietary investment signals and back-test strategies; it is also an open-ended tool that provides research or quant teams with a wide

Linedata, global provider of asset management and credit technology data and services, has opened a new office in Mexico. Located in Mexico City, the team will reinforce proximity to major customers including NR Finance México, Mexico’s leading automotive captive offering financing solutions for the Renault-Nissan-Mitsubishi Alliance. In addition, the new office will enable Linedata to further expand throughout the Latin America region providing innovative solutions to the credit and investment management community.

Bitfinex Derivatives offers a derivatives platform accessible through Bitfinex, a state-of-the-art digital token trading platform. Bitfinex Derivatives, a derivatives platform accessible through digital token trading platform Bitfinex, has launched perpetual contracts for Ethereum Classic, Anchor Protocol , Waves (WAVESF0:USTF0).   All three went liver oil 12 April at 13:00 CET. The contracts offer users up to 100x leverage and will be settled in tether tokens (USDt).

Apex Group Ltd (Apex), a global financial services provider, has closed the acquisition of BEST Alternative Advisory Services (BEST), an India-based, boutique and specialised financial services provider for global asset managers. This acquisition adds assets under administration (AuA) of $30 billion to the Apex Group, and an additional 35 employees based in Mumbai, India. BEST will now rebrand and operate under the Apex Group name, supporting managers across asset classes with a wide range of specialised services including risk management, investment operations, compliance, tax, client reporting and bespoke solutions tailored to each client.