Deutsche Bank Quietly Plans to Offer Crypto Custody, Prime Brokerage

Deutsche Bank has joined the growing ranks of large financial institutions exploring cryptocurrency custody, with aspirations to offer high-touch services to hedge funds that invest in the asset class. The Deutsche Bank Digital Asset Custody prototype aims to develop “a fully integrated custody platform for institutional clients and their digital assets providing seamless connectivity to […]

Bitso Buys Gibraltar-Based Crypto Derivatives Platform Quedex

Latin America-focused exchange Bitso has bought Quedex, a crypto derivatives trading platform, based and regulated in Gibraltar. Bitso, backed by Pantera Capital, Coinbase Ventures and others, was in the news last December, having raised a whopping $62 million to help scale the business into new territories and clearly also to explore new products.  The commercial […]

BitMEX Introduces Data Storage Framework for FATF’s Travel Rule

Crypto exchange BitMEX has published a framework of principles for how best to store additional batches of transactional provenance data, a requirement exchanges face as part of new anti-money laundering (AML) rules. In order to fall in line with the rest of the financial system, virtual asset service providers (VASPs) have been asked to obtain, […]

Corporate Treasuries Are Figuring Out Bitcoin on the Balance Sheet

Digital assets, in one form or another, are making their way into big business.  The headline-grabbing version of this is straight-up BTC on the balance sheet, a renegade charge being led by MicroStrategy (MSYTR) CEO Michael Saylor, who is known for warning corporates that capital in fiat is being debased. Saylor’s MicroStrategy event this week […]

Switzerland’s Tokenized Securities Law Ushers In New Chapter for Digital Assets

Switzerland now lets tokenized securities trade on a blockchain with the same legal standing as traditional assets. The new law went into effect Monday. Swiss lawmakers decided not to create a completely new regime but adapted legislation to graft specific features of distributed ledger technology (DLT) onto the existing legal framework. The DLT amendments recognize […]

Switzerland’s Crypto Broker AG Wins Securities House License From FINMA

Long in the making, Zurich’s Crypto Broker AG announced Monday it has been granted a securities house license by the Swiss Financial Market Supervisory Authority (FINMA).  Crypto Broker AG is part of a digital assets conglomerate that includes asset management and custody services. The license means broadening the scope of its business and adding a […]

‘Pomp’ Launches Crypto Jobs Board With Gemini, Coinbase and BlockFi

Anthony Pompliano, the popular crypto evangelist and partner at Morgan Creek Digital, is launching a blockchain-focused jobs board, with backing from Gemini, Coinbase and BlockFi.  Announced Wednesday, PompCryptoJobs went live with over 100 open crypto positions advertised by its three launch partners.  Pompliano – known simply as “Pomp” in the crypto world – is planning […]

Ethereum-Based ConsenSys Quorum Partners With China’s BSN Blockchain

New York-based Ethereum hub ConsenSys has partnered with the Blockchain-based Service Network (BSN) to bring its enterprise ledger, Quorum, to China’s nationwide blockchain project. As part of the partnership, announced Monday, ConsenSys Quorum, an open-source protocol layer that serves as a foundation for businesses to build Ethereum-based applications, will be available in about 80 different […]

eToro Survey Finds Pensions and Endowments Are Finally Waking Up to Crypto

Some of the largest and most risk-averse asset managers, including the likes of pension funds and endowments, are now looking at crypto as an asset class, according to research released Thursday by trading platform eToro. The eToro-commissioned market research, which quizzed 25 big institutions in Q3 2020 about investing in crypto, comes on the heels […]