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.
Series B funding round led by Goldman Sachs raised $15 million for institutional crypto financial intelligence firm Coin Metrics.
The new partnership will drive the serial construction and operation of new marketplaces and ecosystems for digital asset classes.
Malcolm Ford joins Archax as head of institutional sales after previous roles at CMC Markets, Instinet, KCG, Morgan Stanley and Credit Agricole Cheuvreux.
Justin Schmidt joins Talos as head of strategy after spending the last three years as head of digital asset markets at US investment bank Goldman Sachs.
Pure Digital has entered into a technology agreement where State Street Currenex will provide trading infrastructure for its upcoming digital asset platform.