SIX Digital Exchange’s Web3 dedicated unit, SDX Web3 Services, has formed a strategic collaboration with Fireblocks, a digital asset and crypto technology platform, to provide financial institutions and institutional investors with a set of infrastructure services for the distributed economy. Initially, this partnership will focus on delivering an institutional custody solution for digital assets, paving the way for a seamless transition for financial institutions into the Web3 economy.  SDX Web3 Services will integrate Fireblocks’ MPC-based solution, designed to support institutions with a multi-layer security platform to safely store and transfer digital assets without jeopardising operational efficiency, into its system. Starting

OSTTRA, a global post-trade solutions company, has announced connectivity between two of its post-trade services – MarkitWire, an, electronic trade confirmation and processing platform and triResolve, a specialist in portfolio reconciliation, collateral management and reporting reconciliation. Through this enhancement, trades confirmed by MarkitWire can be seamlessly delivered directly into triResolve, across a common network of more than 2,000 firms. This will drive standardisation of data for reconciliation, bringing improved efficiency, cost reduction and greater transparency between counterparties.   The direct connectivity is live with nine existing customers, covering interest rate derivatives and equity derivatives. It will also include repo transactions

Linedata, a global provider of asset management and credit technology data and services, has enhanced its cloud-based Asset Management Platform (AMP), further enabling intelligent automation of trading workflows. This includes a new best execution trading solution within AMP, through collaboration with BTON Financial. The solution – Smart Broker Router – is now available worldwide to asset managers, who will benefit from automated trading workflows and data-driven decision making, thus improving trading outcomes.     Linedata’s cloud-based trading solutions enable investment managers to enjoy benefits of outsourcing such as intelligent automation, while retaining complete control over broker and execution relationships.  Linedata’s

Singapore-based cVauld has become the latest crypto lending and trading platform to suspend withdrawals and trading in the wake of the cryptocurrency market crisis, according to a report by DealStreetAsia.

The European Energy Exchange (EEX) is entering into a partnership with the data solutions provider TYCHO Solutions to enhance transparency in the hydrogen markets. Both parties will bring in their respective expertise to provide hydrogen-related data on the EEX Transparency Platform, by using TYCHO’s business intelligence tool NOVA.   TYCHO Solutions is a young start-up based in Mexico City which provides data solutions for renewable energy developers. The business intelligence tool NOVA is TYCHO’s latest development which has been established in collaboration with Marketz (an Enoi Group company) for collecting, analysing and keeping up-to-date information about hydrogen and related sectors.

Apex Group Ltd (Apex) has acquired Darwin Depositary Services (Darwin), a provider of depositary services to Alternative Investment Funds. Darwin, a leading independent AIFMD depositary in mainland Europe, provides services to clients based in the Netherlands and outside the EU, including hedge funds, real estate, debt and private equity funds as well as funds investing in infrastructure and renewable energy.   Apex Group currently delivers depositary services through subsidiary European Depositary Bank (EDB) in Luxembourg, Ireland, UK and Malta; the addition of the Darwin business will add €4.5bn of Assets under Depositary to the Group (as at 31 May 2022),

Pluto Digital, a crypto tech and operations company, has taken the unprecedented step of protecting users of the YOP platform from the short-term volatility in the crypto market by guaranteeing ether (ETH) withdrawals from the ETH Vault. It has achieved this by depositing 60 ETH of the group’s own reserves. The move is designed to ensure that any users who wish to withdraw their funds can do so safely and at no loss.    The news comes as staked ether (stETH), which is pegged to ETH on a 1:1 basis, decoupled on secondary markets. ETH Vault Depositors are exposed to

Bitfinex, a state-of-the-art digital token trading platform, is listing new markets for Convergence (CONV), an automated market maker (AMM) that aims to make private assets interchangeable in the decentralised finance (DeFi) space. Convergence is an AMM that makes private tokens interchangeable by fractionalising them, using a single interface and composable with other DeFi protocols.  Convergence enables originators to take advantage of liquidity available on DeFi platforms, while DeFi users can obtain access to new private assets. Convergence aims to offer a lower investment entry barrier with the liquidity, automation and transparency features of DeFi, bringing what it says is exclusive

GoldenSource, an independent provider of Enterprise Data Management (EDM) and Master Data Management (MDM) solutions, has launched cloud data services for financial markets firms to better manage data into and within data lakes and warehouses.