Solutions
State Street Corporation is to provide digital and cryptocurrency asset fund administration capabilities for the firm’s private funds clients.
In partnership with Lukka, an enterprise crypto asset data and software provider, State Street will support its private fund clients with collection, standardisation, enrichment, reconciliation, processing and reporting related to crypto and other digital assets.
The partnership is State Street’s latest effort in the digital and crypto asset space following the launch of State Street Digital, a division focused on addressing the industry’s evolving shift to digital finance, and comes after Lukka’s Series C funding round in December of 2020,
GSR, a specialist in digital asset trading, has appointed Michael Bressler as Global Head of Sales.
Bressler will lead the firm’s ongoing expansion into the institutional market, developing trading, risk management, and capital strategies for the fast-growing base fund managers it serves.
Bressler joins GSR with over 20 years of experience in trading and institutional sales at top banks and hedge funds. Most recently, he was a Managing Director and Head of Western Region Sales & Marketing at JPMorgan, where he oversaw many of the bank’s top institutional relationships. Prior to this, Bressler also spent seven years as a Managing
Curve Finance, an automated market maker protocol designed for swapping between stablecoins and other digital tokens with low fees and slippage, has today announced that it will support tether tokens pegged to the euro (EURt).
The addition of EURt to Curve – a protocol designed to create deep on-chain liquidity using advanced bonding curves – forms part of a surge in interest for the tether token pegged to the euro in the digital token space.
“As DEX’s grow in popularity, so do the requirements of their user base and we see great potential uptake of Tether tokens on the platform,”
Fintech, broker and asset management company Darwinex has raised EUR3 million to pursue its ambitious growth aspirations.
Leading investors in the round were Stefan Jaecklin and Pinorena Capital who were joined by Darwinex co-founders and a number of key employees in the company. Pinorena Capital, a fintech-focused investment company led by entrepreneur Illimar Mattus, has contributed with this first investment to supporting Darwinex expansion journey.
Darwinex is regulated by the FCA in the UK (Tradeslide Trading TechLimited – FRN 586466) and its latest financial figures show revenue for the financial year 2020 jumping by 72 per cent, exceeding EUR4.69 million.
Goldman Sachs Asset Management’s Alternative Investments & Manager Selection (AIMS) co-investment business has selected Enfusion to provide investment management technology solutions and middle- and back-office managed services.
Enfusion created a custom unified solution via API so that AIMS can import data across numerous instruments into the Enfusion platform from its proprietary EMS in real-time, providing a holistic view of a fund for portfolio managers and the risk team. Enfusion’s seam-free front to back-office platform and APIs allow the fund’s portfolio managers to manage orders across all asset classes.
In addition to creating a centralised repository of trade data and activity,
Hill Country Asset Management has chosen to deploy global fintech Arcesium’s joint offering with JPMorgan’s Securities Services.
Through their existing strategic partnership, Arcesium and JPMorgan will address Hill Country’s middle office, back office, and fund administration needs with a seamlessly integrated solution. Arcesium will provide technology and services for enterprise data management, internal books and records, reconciliation, and treasury workflows, and JPMorgan will act as Hill Country’s fund administrator. Arcesium and JPMorgan formed their partnership in 2018 to deliver an offering to a wide range of potential financial services clients, from new launches to established firms.
“We believe we
Accelex, a data acquisition, analytics and reporting solution for private markets investors and asset servicers, has widened its agreement with LGT Capital Partners (LGT CP) to provide its SaaS platform to bring digitalisation to the regular extraction of critical financial information from a wide range of private markets investment documents.
LGT CP was one of Accelex’ first clients in 2020.
The alternative investment industry is set to continue its growth trajectory where global firms like LGT CP, who are already transitioning highly manual operational workflows for data management, are seeking greater transparency into fund underlying assets. With Accelex, LGT CP
A total of 60 per cent of institutions believe that settlement failures attributed to inadequacies of the middle-office are still a significant problem in their organisation, according to a new global survey conducted by Torstone Technology, a SaaS provider of post-trade securities and derivatives processing in collaboration with GreySpark Partners, a leading global capital markets consultancy.
Read the full story at Institutional Asset Manager…
As bitcoin surged towards a two-month high on Monday (26 July), digital assets-focused investment manager Wave Financial is bullish on the cryptocurrency’s future prospects amid the ongoing institutionalisation of the sector.
The Covid bet: How the pandemic has disrupted the Momentum-Value equity equation
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