Solutions
Waystone, a global governance and third-party management company, has created a new global compliance offering via the merger of four compliance service providers.
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Diginex Limited, a digital asset financial services company, is unifying its businesses under the brand, EQONEX.
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BlackRock (NYSE: BLK) and Cassini Systems, a provider of pre- and post-trade margin and collateral analytics for derivatives markets, have entered into a strategic partnership to integrate Cassini analytics into BlackRock’s Aladdin platform.
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New analysis by Nickel Digital Asset Management (Nickel), Europe’s specialist regulated investment manager dedicated to the digital assets market, reveals that 19 listed companies with a market cap of over USD1 trillion have around USD6.5 billion invested in bitcoin. They originally spent USD4.3 billion buying the cryptocurrency.
While seven companies made theirbBitcoin purchases in 2020, as many as eight new entrants, including Tesla, have allocated to bitcoin in just the first four months of 2021. While Tesla later suspended acceptance of bitcoin as a means of payment for Tesla cars, it remained invested in the cryptocurrency.
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Digital assets’ disruptive potential could herald a seismic shift in markets, with crypto hedge funds bringing bumper returns uncorrelated to other asset classes – but investors remain wary of the patchwork of ad-hoc rules and regulations covering the sector.
Broadridge Financial Solutions, Inc, a global Fintech leader, has announced the successful go-live of its transformative distributed ledger repo (DLR) platform. Early participants of the blockchain-enabled platform are realising significant and immediate benefits of reduced risk, operational costs and enhanced liquidity, while also accelerating their digitisation journey. The launch builds on the success of multiple pilots with sell-side and buy-side firms.
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SIGTech, a provider of quant trading technology for global investment managers, has won a major contract from MasterLink Securities, headquartered in Taiwan, and one of the two leading security dealers in the country. MasterLink will use SIGTech to drive its new systematic trading proposition for US and Asian equities.
MasterLink Securities, which also has offices in Hong Kong, China, provides a range of brokerage, securities underwriting and proprietary trading services to clients.
Increasingly, global investment managers are moving towards computer-driven and rules-based investing. This trend can be seen across Asia and SIGTech is well-placed to service the growing demand for
Cryptocurrencies continue to face considerable counterparty and exchange risk, which threatens to turn away larger institutional investors from the market – and industry participants say more should be done to bridge the infrastructure gap between digital and traditional assets.
Few sectors have endured such colossal price swings and asset volatility in recent weeks as cryptocurrencies, but speakers at the inaugural DigitalAssetsLIVE summit on Thursday said evolving market infrastructure, growing product selection, and positive investment performance continue to drive digital assets’ institutionalisation, drawing more capital allocators into this once frontier market.
Decentralisation of cryptocurrencies is helping curb systemic risk amid the ongoing digital asset price volatility, Anthony Scaramucci, founder and managing partner of SkyBridge Capital, told Hedgeweek on Thursday.
