Solutions
As part of its initiative to digitalise alternative asset servicing, Northern Trust has launched an artificial intelligence-powered solution to extract unstructured investment data from alternative asset documents and make it accessible and actionable for asset owner clients.
Built in collaboration with Microsoft Azure Applied AI Services, which accelerate time to value for enterprises building AI solutions, and business and consulting firm Neudesic, the proprietary solution transforms crucial information such as capital call notices, cash and stock distribution notices, and capital account statements from a variety of unstructured formats into digital, actionable insights for investment teams.
“The integration of unstructured
BSO, in partnership with Geneva-based ImpactScope, a social enterprise providing carbon offsetting solutions to digital asset exchanges and crypto mining companies, has become the first connectivity provider to offer clients that trade cryptocurrencies the means to calculate and offset the excess carbon emissions of their operations.
The criticism of cryptocurrencies’ energy consumption and its related carbon footprint is a major challenge for all players in the crypto space and is being addressed at both a corporate and regulatory level by mandates such as the European Union’s Sustainable Finance Disclosure Regulation (SFDR), which comes into force in January 2022. In line
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.
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
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
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
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
Overbond has added a rich-cheap model to its suite of AI fixed income analytics, allowing buy-side desks around the globe to generate systematic return with a real-time, fully back-tested methodology that is part of a scalable and interoperable trading system.
CloudMargin, creator of a collateral and margin management solution native to the cloud, has made enhancements to facilitate clients’ preparedness for the Uncleared Margin Rules (UMR) for firms that have just fallen under the scope of Phase 5 or will fall under the scope of Phase 6 as of next September.
The firm is now connected to nearly 60 custodians globally for cash, securities and third-party SWIFT settlement, in addition to its long-established SWIFT connectivity to the four major triparty agents.
In January 2016, CloudMargin became the first collateral management technology provider to offer direct connectivity to SWIFT’s global
