News list for " depository"
According to Bloomberg, cryptocurrency custodian company BitGo is expected to go public as early as the second half of 2025. BitGo closed a $100 million Series C round in August 2023 at a valuation of $1.75 billion, the company's first round of funding since 2017, when it received a $42.50 million Series B round led by Valor Equity Partners, with participation from US "crypto czar" and former PayPal chief operating officer David Sacks. In 2021, BitGo had planned to go public through an acquisiti...
Cryptocurrency custodian BitGo announced on Friday that it has hired former Silvergate Bank governor Ben Reynolds to oversee the development of its USD Standard stablecoin. BitGo plans to launch USD Standard early next year.
Komainu, a cryptocurrency custodian backed by Nomura Holdings, is acquiring Singaporean rival Propine Holdings Pte Ltd., in its first acquisition. Komainu co-CEO Paul Frost-Smith said in an interview that the Propine acquisition is pending approval from the Monetary Authority of Singapore, declining to disclose the price Komainu paid for Propine. Frost-Smith said Komainu would also apply for a so-called "major payment institution" in Singapore.
The American Depository Trust and Clearing Corporation (DTCC) has launched the digital sandbox "DTCC Digital Launchpad" to provide market participants and technology providers with a platform for pilot projects to drive innovation in capital markets infrastructure. The sandbox is designed to address key pain points in collateral management and provide customers with a suite of DTCC digital asset products to develop use cases without making significant investments. The first results will be annou...
1. Botanika, a decentralized storage solution, completed $1.50 million angel round financing; 2. Memecoin launch platform PPKING completed a $2 million seed round of financing; Web 3 game studio Dragonz Lab announced a $9 million funding round. 4. OpenGradient, a decentralized open-source AI platform, completed a $8.50 million seed round of financing.
According to two sources familiar with the matter, Dmitry Tokarev, the CEO of cryptocurrency custodian Copper, plans to step down from the company's day-to-day operations and step down as CEO. The digital asset custodian, whose chairperson is Philip Hammond, the former UK chancellor of the exchequer, is looking for a successor, according to a person familiar with the matter. Tokarev, who helped found the company in 2018, remains a significant shareholder and will be deeply involved in the busine...
Blockchain solutions provider Digital Asset and the Depositary Trust and Clearing Corporation (DTCC) recently completed a pilot project to tokenize US Treasury collateral on the Canton network. The project involved 26 market participants and completed 100 transactions, with the aim of improving settlement speed, ensuring privacy and complying with legal requirements. In the pilot program, participants exchanged U.S. Treasury bonds (US...
Cryptocurrency custodian company BitGo says it is filling a gap in the decentralized market by providing a one-stop, regulated, and insured custody platform for seamless digital asset ownership, unlocking, and on-chain activity. It is reported that protocols such as Worldcoin, LayerZero, Sui, and ZetaChain are among the first customers of the service. (Coindesk)
Copper, a cryptocurrency custodian company, has been granted a trust or company service provider (TCSP) license in Hong Kong, a legal authorization granted by the Hong Kong Companies Registry to provide trust and company services to institutions in the region. Dmitry Tokarev, founder and CEO of Copper, said the Hong Kong license is a key development for Copper's expansion in the Asia-Pacific market.
Cryptocurrency custodian firm Fireblocks said Thursday that five companies, Zodia Custody, Komainu, CloudTech, Zerocap and Rakkar, will join its Global Custodian Partner Program. The Global Custodian Program offers cryptocurrency institutions using Fireblocks technology the option of having local third-party cryptocurrency custodian in their respective jurisdictions (UK, Australia, Singapore, UAE and Japan). Fireblock's recently announced New York Trust Company application, once approved, will m...
Anchorage Digital, a U.S.-regulated cryptocurrency custodian, has announced a partnership with Hashnote to form Hashnote Harbor, a digital asset management company established with the backing of trading giants Cumberland and DRW, to provide a return product through a set of derivatives strategies.
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