traditional finance - FinTecBuzz

BitGo and Finery Markets Debut Crypto Trading and Settlement Solution

June 26, 20247 min

Prime brokers, OTC desks and exchanges can leverage Finery Market’s trading infrastructure with peace of mind knowing that counterparty assets are secured and automatically settled by BitGo. The partnership between BitGo and Finery Markets ensures that custody and settlement responsibilities rest exclusively on BitGo as the regulated, qualified custodian The BitGo/Finery Markets model is prime broker agnostic, meaning any prime broker, OTC desk or exchange who wants to provide their clients with qualified custody services...

by PRNewswire

Blockchain

MetaComp strategically partners with Harvest Global Investments

April 29, 20245 min

MetaComp Pte Ltd, a leading Monetary Authority of Singapore (MAS) licensed Singapore fintech company that specializes in blockchain technology and digital assets, and its affiliates (collectively referred as MetaComp), is proud to announce a strategic partnership with Harvest Global Investments Limited (HGI), a leading asset management company licensed with the Securities and Futures Commission of Hong Kong. HGI is among the pioneering Chinese asset management firms to establish subsidiaries abroad. The Memorandum of Understanding executed between MetaComp and HGI marks a...

by PRNewswire

Platforms

Trakx launches Trakx USDc Earn CTI powered by OpenTrade

April 25, 20244 min

Trakx, an emerging global fintech company providing thematic Crypto Tradable Indices (“CTIs”), announced the launch of the Trakx USDc Earn CTI powered by OpenTrade that is designed to allow users to easily generate high risk-adjusted returns on their USDc backed by US Treasury Bill yields. With the USDc Earn CTI, Trakx offers a unique instrument that seamlessly earns US Treasury Bills (T-Bills) like returns, while the assets are securely managed through OpenTrade’s bankruptcy remote structure....

by PRNewswire

Crypto Currencies

DeFi Technologies Inc. acquires Reflexivity Research LLC,

February 9, 20244 min

Acquisition Completed: DeFi Technologies Inc. has successfully acquired Reflexivity Research LLC, a private research firm known for its high-quality, crypto-native research and significant client base including major cryptocurrency organizations. This marks DeFi Technologies' first venture into the research domain, aiming to bridge traditional and decentralized finance. Strategic Implications: The acquisition allows DeFi Technologies to enhance its service offerings with valuable insights and intelligence in the cryptocurrency market, strengthening its role as a pivotal connector between traditional and decentralised finance sectors. Transaction Details: The acquisition involved DeFi Technologies acquiring all issued and outstanding securities of Reflexivity Research for 5 million common shares, subject to a 12-month lock-up schedule. This move reflects a mutual confidence in the long-term value of this partnership, with no finder fees paid for the acquisition.

by GlobeNewswire

Crypto Currencies

OliveX releases Fusion-Ex (FEX)

June 30, 20234 min

OliveX, a pioneering encrypted asset trading platform, is making waves in the cryptocurrency exchange sector with its groundbreaking release of Fusion-Ex (FEX). This cutting-edge platform is set to transform the industry, offering innovative solutions and addressing the pain points faced by current exchanges. As cryptocurrencies continue to gain traction, bridging the gaps of trust and efficiency in traditional finance, OliveX emerges as a key player in this rapidly evolving landscape. Backed by SUPERGOIN FOUNDATION PTE....

by GlobeNewswire

Crypto Currencies

Okcoin Appoints New Leadership in Europe and Ireland

March 15, 20234 min

Erald Ghoos appointed Europe GM, David Renold named CEO for Okcoin Ireland affiliate

by PRNewswire

Blockchain

GMO-Z.com Trust Company Partners with Komainu

March 9, 20234 min

GMO-Z.com Trust Company, Inc. (“GMO Trust”) has partnered with Komainu, a regulated digital asset custody service provider built by institutions for institutions, to offer secure and compliant institutional-grade custody services for GYEN and ZUSD, the regulated Japanese yen (“JPY”) stablecoin and the U.S. Dollar (“USD”) stablecoin. GYEN and ZUSD are the regulated JPY stablecoin and USD stablecoin approved by the New York State Department of Financial Services (NYDFS) and are 1:1 backed stablecoins with assets held at FDIC-insured banks. As a regulated, institutional-grade digital...