Copper Technologies, a London-based crypto custodian company, has withdrawn its request to register with the UK financial regulator and instead focused on overseas markets. The decision follows the appointment of Amar Kuchinad, the company's new chief executive, who will seek licences or self-regulatory approvals in places such as Switzerland, Hong Kong and Abu Dhabi. Copper had planned to expand to the US after Mr. Trump's election to apply for custody or money transfer licences.
Tranched, a London-based blockchain-embedded asset financing platform, announced the completion of a $3.40 million funding round led by Speedinvest, with participation from Andressen Horowitz's Crypto Startup Accelerator (CSX) program, Blockwall, Kima and OVNI Capital. The specific valuation information has not been disclosed. Tranched aims to simplify the asset financing process through blockchain technology and eliminate the structural complexity and high fees involved in securitization. The n...
London-based pension and investment management firm Legal & General (L & G), which manages $1.50 trillion in assets, is planning a foray into blockchain-based tokenization that is increasingly popular with financial giants. Tokenization - the use of tokens on the blockchain to represent traditional assets such as Treasury-backed money market funds - is gaining popularity among traditional financial firms. The trend has accelerated with BlackRock, the world's largest asset manager, launching its ...