A prime broker for digital assets and other news
In other news, State Street falls back on Prudential, FIS partners with Fireblocks, FundGuard finds new funding and Rathbone stays with SS&C.
Finansiv offers connection between fiat and crypto trading
Finansiv, a prime digital asset broker catering to retail and institutional investors in Bitcoin, Ethereum and other digital assets, reports that it has gone live and is executing over-the-counter (OTF) client trades.
Finansiv officials say that in addition to providing “access to fiat spot markets,” they offer an end-to-end platform “as an intermediary between digital asset investors and cryptocurrency exchanges” via execution, fund management, and custody services.
In addition, the company says it offers order routing in combination with settlement and cash management; Custody via banks and custodians; Post trade reporting; Execution Advice and Advisory for Digital Asset Markets.
“Cryptocurrency trading lacks the transparency and liquidity that is the norm in traditional finance today. We are excited to bring these qualities to the crypto markets,” says Aleksandar Ivanov, founder and CEO of Finansiv, in a prepared statement.
The company says its retail-focused platform will go live by the end of the year.
State Street is hiring from Prudential Financial
State Street Corp. reports that he has appointed Michael knowledge to Head of Global Clients. Getting to know each other will report together Jorg Ambrosius and Chris Coleman.
Knowling’s mandate includes managing “senior client managers, global client advisors and client analysts as part of State Street’s client-centric coverage model focused on delivering cross-organizational solutions and insights to the firm’s global and most complex clients.”
He resigns Regulatory Finances where he was head of customer relations and business development at Prudential Retirement, “with responsibility for managing profitability, growth and customer satisfaction for Prudential in developing and delivering innovative retirement solutions,” the statement said.
“Prior to this role, he led the eastern US customer service team responsible for the retention, profitability and satisfaction of more than 500 customers, and he also served in multiple sales, service, plan transition and underwriting roles for Prudential Retirement and CIGNA operate,” officials say. —L.Ch
FIS & Fireblocks bring crypto technology to the capital markets
FIS and Fireblocks have partnered to offer buy- and sell-side firms and companies “enterprise-grade digital asset investing and wallet technology, lending and decentralized finance (DeFi),” officials say.
The findings are new ways to “efficiently gain access to the largest crypto exchanges, liquidity providers, lending desks and DeFi applications,” officials add.
“A recent study found that 69 percent of US institutional investors would like to adopt digital assets as part of their investment portfolio,” say FIS officials.
FIS customers can use the Fireblocks platform to “move, store and spend digital assets and access self-custodial digital asset wallet technology, an asset transfer network and tools to access staking, DeFi and other more advanced ones.” to obtain forms of exposure of digital assets,” the officials say.
“As digital currencies become more mainstream, capital markets firms will benefit greatly from a single objective that helps them manage many classes of digital assets,” said Nasser Khodri, head of capital markets at FIS, in a prepared statement.
“The strategic partnership with FIS will bring Fireblocks technology to nearly every type of traditional asset buy-side, sell-side and corporate institution,” said Michael Shaulov, CEO of Fireblocks, in a statement.
FundGuard Closes $40M in Series B Funding
FundGuard, the software-as-a-service (SaaS) platform for investment management and wealth management, announces that it has closed a $40 million Series B funding round.
“The investment round included major strategic investors Citi and State Street Corp, who joined original investors Blumberg Capital, LionBird Ventures, Team8 Capital and other investors to support the company’s future-ready technology approach to wealth management,” the statement said of the provider .
The recent Series B round brings the total investment in FundGuard to more than $55 million over 3.5 years, the statement adds. —L.Ch
Rathbone extends transfer agent contract with SS&C
This is what SS&C Technologies Holdings, Inc. reports Rathbone Fundthe London-based subsidiary of Rathbones Group Plc, has extended its long-term transfer agent relationship with SS&C Global Investor and Distribution Solutions.
“We are delighted to continue our 15-year relationship with SS&C,” said Mike Webb, chief executive of Rathbone Unit Trust Management Ltd., in a statement.
“As the UK’s leading wealth manager with almost £13bn in assets under management, we aim to support our clients and our network of advisors with the latest financial management tools to enhance their experience. SS&C GIDS continues to invest in technology that simplifies account management and we look forward to continuing our partnership,” says Webb – L.Ch