Solutions
Reef Finance is integrating with the Avalanche blockchain (AVAX), enabling users to access decentralised finance (DeFi) applications in the Avalanche ecosystem directly through Reef’s platform. The project is planning to roll out initial features on Avalanche in early Q1 2021. Read the full story at Institutional Asset Manager…
Business disruption, cybersecurity challenges and greater compliance burdens have long been acknowledged as being among the foremost operational challenges facing the hedge fund, private equity and investment management industries.
Cboe Global Markets has completed its acquisition of BIDS Trading, a registered broker-dealer and the operator of the BIDS Alternative Trading System (ATS), the largest block-trading ATS by volume in the US.Through ownership of BIDS Trading, Cboe gains a competitive foothold in the off-exchange segment of the US equities market, which now accounts for more than 40 per cent of overall US equities trading volume. The acquisition of BIDS Trading also provides Cboe with the opportunity to expand its global footprint and diversify its product and service offerings in markets beyond U.S. equities and options.
The acquisition follows Cboe and
Bitwise Asset Management, a provider of crypto index funds, recently surpassed USD500 million in assets under management (AUM), after reporting USD100 million in AUM on 28 October, 2020.The Bitwise 10 Crypto Index Fund (BITW), which seeks to track an index of the 10 largest cryptoassets – including bitcoin, ether, and litecoin – has seen the strongest demand, recently crossing over USD400 million in AUM.
The Bitwise Bitcoin Fund and Bitwise Ethereum Fund – which provide low-cost, professionally managed exposure to bitcoin and ether, respectively – have seen increased demand as well.
“The speed at which professional investors are moving into
Alternative investment firm SkyBridge Capital has launched of the SkyBridge Bitcoin Fund LP, which provides mass-affluent investors with an institutional-grade vehicle to gain exposure to Bitcoin. Additionally, on behalf of its flagship funds, SkyBridge initiated a position, valued at approximately USD310 million in funds investing in bitcoin during November and December 2020.
To launch SkyBridge Bitcoin Fund LP, SkyBridge and its affiliates have invested USD25.3 million. Fidelity will serve as custodian, and Ernst & Young will audit the fund.
“We believe Bitcoin is in its early innings as an exciting new asset class,” says SkyBridge founder and managing partner Anthony Scaramucci.
Equiom has launched Equiom Fund Solutions (Ireland) Limited, a ‘Super ManCo’ for fund managers. Equiom’s management company offers both AIFM and UCITS solutions for regulated funds looking to raise capital from investors in the EU and is one of the first to be authorised under the CBI’s revised CP86 requirements.
The team is led by Kevin Bardon who joins from Deutsche Bank where he led its Irish Super ManCo platform since 2017. Bardon has more than 30 years’ experience in the funds industry and has held senior positions at CITCO and State Street. Having worked across the UK, US, Germany and
London-head-quartered asset management consultancy, MJ Hudson, has acquired fund and portfolio performance specialist PERACS. Read the full story at Institutional Asset Manager
Blockchain platform Telos has launched T-Bond NFTs, a new fusion of DeFi and NFTs as a tool for unlocking liquidity. T-Bonds allow tokens to be locked into transferable Non-Fungible Tokens (NFTs) that are then unlocked when the maturity date or other maturity conditions are met. These T-Bond NFTs can be sold or traded on secondary markets for investment or as a yield hedge for tokens offering staking rewards, much like US Treasury Bonds or “T-Bills.”
Today, projects face significant challenges when fundraising in the cryptocurrency ecosystem. A common scenario is when a project sells tokens at a discounted rate to support
The UK has implemented the G20 commitment to improve over-the-counter derivatives markets by onshoring the Markets in Financial Instruments Regulation (MiFIR) derivatives trading obligation (DTO) under the EU Withdrawal Act. The UK DTO applies to the same classes of derivatives as the EU DTO.The FCA welcomes the announcement that the UK and EU have agreed a Trade and Cooperation Agreement and the associated Joint Declaration on financial services regulatory cooperation. The FCA continues to view the agreement of mutual equivalence between the UK and EU as the best way to avoid disruption for market participants and avoid fragmentation of liquidity
Epazz, a provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, is working with Greenheart CBD Hemp company to develop smart contracts for the company’s IEO (Initial Exchange Offering).
Read the full story at Institutional Asset Manager…
