Solutions
ELYSIA, a decentralised project linking has raised a strategic investment (USD1 million) from FBG Capital, a Singapore-based cryptocurrency hedge fund and venture capital firm.
The ELYSIA Foundation plans to utilise FBG Capital’s network to preoccupy the global market and accelerate technological advancement through this investment.
ELYSIA is a protocol that makes real assets into asset tokens (NFTs) to be used on-chain, and the asset tokens created in this way can be used in ELYSIA’s DeFi, ELYFI. ELYFI is the first DeFi project to utilise real assets brought on-chain through the ELYSIA protocol. Participants in the ELYFI Protocol can obtain investment
Elliptic, a provider of on-chain blockchain analytics, has launched a market intelligence unit – a second line of business for the organisation that is focused on leveraging Elliptic’s best-in-class identity graph to build new propositions and use cases for businesses trading crypto.
Private equity firm Nile Capital Group Holdings has acquired a minority stake in hedge fund manager Welton Investment Partners, according to a report in Pensions & Investments.
Terms of the transaction, which was completed on 15 December, have not been disclosed.
Nile Capital specialises in taking general partners stakes in boutique, niche and diverse money managers, while Welton runs multi-strategy global macro and ESG strategies, as well as systematic trend-following funds for an institutional client base.
KNEIP, a specialist in fund data management and reporting solutions for the asset management industry, has acquired Dataglide, a UK-based technology company specialised in data transformation and cloud-based automation.
The acquisition brings significant technology expertise in-house, with microservices architecture and multi-tenant cloud computing, which will increase service quality and data accuracy, as well as will drive process automation across its portfolio. With Dataglide technology, KNEIP is now ready to launch new products.
Dataglide has been working with KNEIP for more than a year to build its next generation fund data management system. The acquisition is highly complementary to KNEIP’s existing
Boosted.ai, a distributed machine learning platform for global investment professionals, has closed a USD35 million Series B financing round, led by Ten Coves Capital and Spark Capital.
Portage Ventures, Royal Bank of Canada (RBC) and HarbourVest Partners also participated in the round. Inclusive of seed capital, Boosted.ai’s total funding now stands at USD46 million.
The funding will be used to scale Boosted Insights, the company’s web-based platform that brings explainable machine learning tools to investment managers. By using Boosted Insights, portfolio management teams can augment their existing investment processes, source new ideas and manage risks through AI without any prior
Waystone is strengthening its presence in the UK ACD and fund administration market with the acquisition of T Bailey Fund Services (TBFS).
Options, a provider of managed trading infrastructure and connectivity to the global Capital Markets, has expanded hosting capabilities in the Hong Kong Exchange for access to both the Equities and Derivatives markets.
HKEX is one of the world’s major exchange groups, operating across equities, commodities, fixed income, and currency markets. Options’ ultra-low latency connectivity provides regional and international participants with seamless access to China, the USA, and the wider APAC regions through HKEX.
Standish Management (Standish) has acquired Alpha Alternatives (Alpha), a boutique fund administration firm for hedge funds and other investment vehicles.
Standish is an independent provider of fund administration services to Private Equity, Venture Capital, and Real Estate managers. Founded in 2007, Standish has grown steadily and currently has over USD250 billion in assets under administration, administering over 2,500 entities and reporting to more than 30,000 LPs.
Financial terms of the transaction, which Standish says will bring new opportunities and additional services to each firm’s clients and provide a service solution for innovative, hybrid fund structures, have not been disclosed.
United Fintech, a London-based financial technology investor and holding company, has completed a 25 per cent minority investment in buy-side Portfolio/Order Management System vendor Athena Systems.
Avelacom, a low latency connectivity, IT infrastructure and data solutions provider for global financial markets, has become one of Japan Exchange Group’s (JPX) arrownet-Global Partner Network vendors.
This will enable financial services institutions to directly access JPX’s exchanges and markets in cash equities, commodities, and derivatives via Avelacom’s connectivity solutions. JPX comprises the Tokyo Stock Exchange (TSE), the Osaka Exchange (OSE), and the Tokyo Commodity Exchange (TOCOM).
This JPX infrastructure is now an integral part of Alevacom’s proprietary, ultra-low latency network across global financial exchanges, which will improve the convenience of market access to Japan’s capital markets for overseas market
