Launch will allow Paradigm users to trade the spread between spot, perpetuals and futures instruments, with guaranteed atomic execution and clearing of both legs on FTX.
The move will allow abrdn to offer clients new investment opportunities through digital securities.
Hedge fund Brevan Howard, which recently launched its own digital assets division, was among the participants involved in the fundraising.
New futures will provide clients with improved tools to trade and hedge exposure to Bitcoin and Ether.
The two firms will create new access points for institutional crypto adoption through the connection of their Coinbase Prime and Aladdin platforms.
New contracts will offer leveraged trading similar to traditional futures contracts but without an expiry date.
BlackRock iShares alumnus joins digital asset investment manager ahead of Europe’s first spot Bitcoin ETF launch
The ETF specialist, who was instrumental in building out BlackRock’s iShares offering, joins Jacobi Asset Management as CEO to drive forward its digital asset ETF ambitions.
Investment will allow Schroders to develop its tokenisation strategy.
Speaking to The TRADE Cowen Digital’s co-leads, Eric Rose and Drew Forman say their newly launched division aims to mimic Cowen’s operations in equities.
Momentum is growing as regulators recognise the urgent need to bring crypto within the fold, with the Bank of England’s deputy governor for financial stability urging that "new technology does not change old risks”.