In other news, State Street taps Prudential, FIS works with Fireblocks, FundGuard finds new funding and Rathbone stays with SS&C.
Finansiv offers a link between Fiat and Crypto Trading
Finansiv, a digital asset prime broker that caters 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 transactions.
Finansiv officials claim that in addition to offering “access to spot fiat markets”, they provide an end-to-end platform “as an intermediary between digital asset investors and currency exchanges. cryptocurrency” via execution, capital management and custody services.
Additionally, the company claims to offer order routing combined with settlement and cash management; custody through banks and custody providers; post-trade reports; execution consultancy and advice for digital asset markets.
“Cryptocurrency trading lacks the transparency and liquidity that are 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 be live by the end of the year.
State Street hires at Prudential Financial
Michael Knowling
State Street Corporation. reports that he named Michael Knowling at the head of its global clients division. Knowling will report jointly to Jörg Ambrosius and Chris Colman.
Knowling’s mandate includes managing “senior customer executives, global relationship managers and customer analysts as part of State Street’s customer-centric coverage model focused on providing business-to-business solutions and insights to global and most complex customers in the business”.
He joins from Prudential Financial where he was responsible for client relations and business development within Prudential Retirement, “with responsibility for managing profitability, growth and client satisfaction for Prudential while developing and delivering innovative retirement solutions”, says the communicated.
“Prior to this role, he led the Eastern US customer service team responsible for the retention, profitability and satisfaction of over 500 customers, and he also held several sales, service, plan transition and underwriting for Prudential Retirement and CIGNA,” officials say. —L.Ch
FIS and Fireblocks Bring Crypto Tech to Capital Markets
FIS and Fireblocks have collaborated to offer buy-side and sell-side companies and businesses “investment in digital assets and wallet technology, lending, and decentralized finance (DeFi),” according to the officials.
The results are new ways to “efficiently access the largest crypto trading platforms, liquidity providers, lending bureaus and DeFi applications,” the officials add.
“A recent study found that 69% of institutional investors in the United States would like to adopt digital assets as part of their investment portfolio,” FIS officials say.
FIS customers can use the Fireblocks platform to “move, store, and issue digital assets, and access self-custodial digital asset wallet technology, an asset transfer network, and tools to access staking, DeFi and other more advanced forms of exposure to digital assets,” the officials say.
“As digital currencies become more mainstream, capital markets firms will greatly benefit from having a single destination that helps them manage many digital asset classes,” says 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 buying, selling and corporate institution in traditional assets,” said Michael Shaulov, CEO of Fireblocks, in a statement.
FundGuard Closes $40M Series B Funding
FundGuard, the software-as-a-service (SaaS) asset management and investment management platform, 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 initial investors Blumberg Capital, LionBird Ventures, Team8 Capital and other investors to back the company’s technology-ready approach. future in asset management,” the provider said in a statement. .
The recent Series B round brings the total investment in FundGuard to over $55 million in 3.5 years, the statement added. —L.Ch
Rathbone extends transfer agent contract with SS&C
SS&C Technologies Holdings, Inc. reports that Rathbone Fundthe London-based subsidiary of Rathbones Group Plc, has extended its long-term transfer agency relationship with SS&C Global Investor and Distribution Solutions.
“We are delighted to continue our 15-year relationship with SS&C,” Mike Webb, managing director of Rathbone Unit Trust Management Ltd., said in a statement.
“As the UK’s leading asset manager, with nearly £13 billion under management, we seek to support our clients and our network of advisers with the latest money management tools to enhance their experience. SS&C GIDS continues to invest in technology that simplifies account management, and we look forward to our continued partnership,” says Webb – L.Ch.
