Capital Markets

Regulation

London Stock Exchange-Backed Nivaura Hires Senior HSBC Banker

LSE-backed Nivaura hired a senior HSBC banker to boost adoption of the London-based fintech's blockchain process for capital markets legal documents.

Policy & regulation  ·  9 October 2019
Forex

Foreign Exchange Giant CLS Admits: No, We Don’t Need a Blockchain for That

Forex giant CLS is now using a blockchain to handle certain currency trades, but the technology is “not essential” for the task, an executive admits.

Business  ·  8 October 2019
Brexit

DTCC Pushes Back Blockchain Project to Avoid Brexit Complications

The DTCC has pushed back the release of its blockchain-based post-trade system for derivatives by several months, in part because of Brexit. 

Business  ·  4 October 2019
Exchanges

Galaxy Digital, XBTO Just Made the First Block Trade of Bakkt Bitcoin Futures

Crypto fund Galaxy Digital and OTC trader XBTO have conducted the first-ever block trade of Bakkt's bitcoin futures contract.

Markets  ·  4 October 2019
Funds

Asset Manager Stone Ridge Files SEC Prospectus for Bitcoin Futures Fund

The firm's SEC prospectus details a cash-settled bitcoin futures fund offering 100,000 shares at $10 apiece.

Business  ·  3 October 2019
Acquisitions

Acquisition Marks Broadridge Financial’s First Foray Into Crypto Services

Broadridge Financial Solutions has bought a startup offering products that serve the cryptocurrency and crypto derivative space.

Business  ·  2 October 2019
Banking

Financial Services Giant Morningstar to Offer Ratings for Crypto Assets

Morningstar Credit Ratings is planning a rating system for tokenized debt securities to make the emerging asset class more credible for investors.

Business  ·  2 October 2019
Banking

Swiss Stock Exchange SIX Lines up Buyers for ‘Initial Digital Offering’

Swiss stock exchange SIX's SDX blockchain platform has organized a consortium of institutions to back its "initial digital offering" set for mid-2020.

Business  ·  30 September 2019
Trading

Fidelity Digital Assets to Provide Custody for Bitcoin Derivatives Yield Fund

The Los Angeles-based Wave Financial has launched what it touts as the first crypto-derivatives-based yield fund on the market.

Markets  ·  30 September 2019
Crypto Hedge Funds

Asian Institutions Are Finally Warming to Crypto Hedge Funds

Asian institutional investors are increasingly showing interest in allocating a small portion of their portfolios to crypto hedge funds.

Business  ·  29 September 2019
Exchanges

Bakkt’s Slow Start Doesn’t Mean Bitcoin Futures Have Flopped

The tepid reception to Bakkt's physically delivered futures contracts is not a surprise, nor does it mean they are a failure.

Markets  ·  25 September 2019
Funding Rounds

Token Tech firm Securitize Raises $14 Million from Santander, MUFG

The SEC-regulated firm raised $14 million from notable investors across traditional and blockchain finance.

Business  ·  24 September 2019
News

Crypto Startup Sues Exchange Group for $500 Million Over Soured Deal

Paycase is suing TMX Group for $500 million after the operator of the Toronto Stock Exchange canceled their deal to create crypto-related products.

Business  ·  23 September 2019
Regulation

CoinShares to Lobby Against UK Ban on Crypto Exchange-Traded Notes

CoinShare's called the ban proposal of ETNs "unwarranted" and "not been properly thought out or considered."

Policy & regulation  ·  23 September 2019
Stock Exchanges

Swiss Stock Exchange SIX Launches Digital Assets Exchange Prototype

SIX has launched a pilot version of SDX, its exchange and central securities depository (CSD) for digital assets.

Business  ·  23 September 2019