TD Cowen shuts digital asset unit two years after inception
Cowen Digital officially launched in March last year but had been in the works since early 2021 as institutional investors began increasingly eyeing digital assets.
Cowen Digital officially launched in March last year but had been in the works since early 2021 as institutional investors began increasingly eyeing digital assets.
The “robust” plans propose stricter limits on crypto lending, as well as the introduction of a new crypto market abuse regime and tighter rules on the role of financial intermediaries and custodians.
The new hire will lead both European and Asian activities for the recently launched digital assets division.
The past week saw hires from BNY Mellon’s Pershing, Abu Dhabi Investment Association, Liquidnet, Citadel, Trumid and Cowen Digital.
Two new appointments bring a wide range of experience to the firm, having previously served at Blockchain.com and Coinbase, respectively.
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.
SS&C Eze will provide clients with improved broker-agnostic access to institutional liquidity across the market.