Primary investors Citi, Deutsche Bank, and Deutsche Börse raised $15 million for CloudMargin in its largest funding round to date.
Custodian pilots new solution with BlackRock, digitising the custody account opening workflow through Saphyre’s technology.
Capitolis intends to use the funds from this latest investment to further accelerate its technology and product development.
Citi will implement the Solidatus platform internally at a global enterprise level following its investment as it looks to enhance its data ecosystem.
The tokenisation of bonds will provide investor access to harder-to-reach securities such as emerging and frontier market debt.
Wells Fargo will join a growing a list of coveted investors which include some of the biggest custodians, investment banks, and buy-side firms.
The Luxembourg-based CSD will use Finomial’s technology to automate trade documentation completion for funds in alternative assets.
In response to a recent feature in Global Custodian’s Spring Issue highlighting why talent is leaving custodian banks at an alarming pace, entrepreneur and accomplished start-up founder Paul Staples, now with HSBC, tells his tale of returning to securities services after a fruitful journey in the tech world.
Apex has partnered with Hong Kong-based BITE Investments to help Asian investors build their own USD alternative investment portfolio.
BNY Mellon has recently partnered with a wide range of FinTech firms to transform its services using new technologies.