Crypto

A $300 million minority investment from JC Flowers values FX and crypto trading venue operator LMAX at $1 billion.

New head of institutional sales for Americas at LMAX Group has previously worked at major institutions including Barclays and UBS and Euronext FX.

The acquisition of Crypto Finance AG will extend digital asset offering at Deutsche Börse as institutional investors look to enter the space.

Collaboration with Fidelity Digital Assets, Zodia Custody and Flow Traders will see a new wholesale electronic marketplace for spot crypto trading at TP ICAP.

Clients will be able to leverage applications in the multi-party application platform Daml and connect them to the Nasdaq platform under Digital Asset partnership.

The new unit, State Street Digital, will be led by well-known securities services veteran Nadine Chakar, and seeks to address the industry-wide shift to a digital economy.

New global head of exchange at CrossTower brings 25 years of industry experience and will be responsible for running global exchanges and product expansion.

The brokerage and trading platform by Standard Chartered and BC Group will offer access to liquidity in Bitcoin, Ethereum and other digital assets.  

Report by AIMA, PWC and Elwood AM found that 47% of traditional hedge funds were investing or considering investing in cryptocurrencies.

The partnership will give institutional clients access to cryptocurrencies in their portfolios, as Cowen invests $25 million in PolySign.