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Archax, the FCA-regulated digital securities exchange, has completed its seed round, securing funding totalling $8m to date.
The most recent VC firms to invest include Alameda Research, Amnis Ventures, Bridgetower Capital, CoinFund, Edge196, Hudson Capital, QBN Capital and 7percent Ventures.
The crypto exchange and custodian provides individuals and institutions with simple, reliable, and secure cryptocurrency exchange and custody services.
The UK launch follows the Financial Conduct Authority (FCA) granting it an Electronic Money Institution (EMI) license. Gemini is one of the first businesses that the FCA has approved as part of its Fifth Money Laundering Directive (5MLD) cryptoasset registration process.
Gold-i and digital asset settlement firm, Zero Hash have partnered to provide Prime of Primes, retail FX brokers and hedge funds with a centrally settled crypto offering and a means of accessing cryptocurrency Liquidity Providers.
The partnership leverages Gold-i's order routing and order matching technology and Zero Hash's fully automated and customisable post-trade infrastructure.
Standard Chartered is developing a new crypto custody solution. Aimed at the institutional market, the firm expects the first pilot to launch before the end of the year.
According to the head of SC Ventures, Alex Mason, who spoke with CoinDesk, the firm is working with over 20 firms on the new custody solution. Security is its top priority, as large institutional investors will need safe and secure storage for millions of dollars' worth of crypto.
In creating a service for large investors, Standard Chartered is seeking to drive crypto adoption in the institutional market.
A paper from the IMF paper examines key considerations around central bank digital currency (CBDC) for use by the general public, based on a comprehensive review of recent research, central bank experiments, and ongoing discussions among stakeholders. It looks at the reasons why central banks are exploring retail CBDC issuance, policy and design considerations; legal, governance and regulatory perspectives; plus cybersecurity and other risk considerations.
Major growth in the trading of cryptocurrency assets, including during the Covid-19 pandemic, is driving demand for low latency access to AWS in London from sophisticated institutional investors, operating in the derivatives market in particular.
Since the start of this year, 30% of Avelacom clients already involved in crypto trading have begun to access AWS London, and the global connectivity provider expects this to rise to 50% within months.
On 14 May 2020, Societe Generale issued €40 million of covered bonds as security tokens, which were registered on a public blockchain. These OFH Tokens were fully subscribed by Societe Generale, which simultaneously paid the issuer in a digital form of euros issued by Banque de France.
LMAX Digital, the institutional spot crypto currency exchange, has traded $85 billion worth of crypto currencies during its first two years of operation. Of that, $75 billion was traded over the past year, as the platform became more established and markets more volatile.
Diginex and Itiviti have announced a partnership to enable institutional investors with digital assets in their portfolios, to use FIX connectivity.
Diginex's clients will be able to use Itiviti's global NYFIX connectivity platform, which provides a FIX-based order routing network that connects more than 1,600 buy-side, sell-side and trading venues across all asset classes.
Although there has been a great deal of noise about the potential of crypto and how some institutions are adding these assets to their portfolios, a recent survey highlights that 80% of traditional trading institutions are yet to enter this market.
Tim Grant has joined SIX Digital Exchange (SDX) as its new Head of Business.
GCEX has announced plans to open an office in Glasgow later this year, for operations and customer support staff.
26 jobs will be created as part of GCEX’s plans for Scotland, which has been supported by a £350,000 Regional Selective Assistance (RSA) award from Scottish Enterprise.