Through the new partnership, Samsung Wallet users in the U.S. will gain exclusive access to Coinbase One, the exchange’s premium membership programme, offering zero trading fees, boosted staking rewards, priority support, and account protection against unauthorised fund transfers. The collaboration also integrates Coinbase with Samsung Pay, allowing Galaxy users to spend and manage crypto directly from their devices. “Together with Samsung, we’re pairing their global scale with Coinbase’s trusted platform to deliver the best value for people to access crypto — starting with more than 75 million Galaxy users across the U.S., and soon around the world,” said Shan Aggarwal, Chief Business Officer at Coinbase. Drew Blackard, Senior Vice President of Mobile Product Management at Samsung Electronics America, said: “Samsung Wallet is a trusted tool to millions of Galaxy users, and we’re continually working to find creative ways to enhance the experience with added functionality. Coinbase is a leader in the industry, which made them the ideal partner.” The post Samsung and Coinbase Partner to Bring Crypto to 75 Million Galaxy Users appeared first on LeapRate.

The initiative, led by SWIFT, aims to create a common infrastructure that enables real-time international payments, transfers, and transactions with stablecoins and tokenised assets.  By recording and validating transactions through smart contracts, the platform is expected to cut costs, eliminate intermediaries, and operate 24/7 across borders. SWIFT, which connects more than 11,500 institutions in 200 countries, is working on the prototype with blockchain specialist Consensys.  The platform is expected to support interoperability between existing payment systems, fiat currencies, and digital assets, while adhering to the governance and regulatory standards under which SWIFT already operates. BBVA will contribute its expertise in digital innovation to validate potential use cases, including business-to-business payments, international remittances, and asset settlement.  The bank, which has also rolled out bitcoin and ether trading and custody services for retail customers in Spain, said the collaboration strengthens its commitment to advancing blockchain adoption in mainstream finance. According to SWIFT, the new system will enable financial institutions to offer instant international payments independent of banking hours, ensure secure cross-network transfers of tokenised assets, and improve efficiency in settlement processes. The goal, it said, is to make cross-border transactions “as agile and secure as local transactions,” while creating a scalable, interoperable platform that can connect to both current and future financial networks. The post BBVA Joins SWIFT Blockchain Project appeared first on LeapRate.

The world’s leading derivatives marketplace said the move reflects rising demand from clients seeking to manage crypto risk every day of the week.  “While not all markets lend themselves to operating 24/7, client demand for around-the-clock cryptocurrency trading has grown as market participants need to manage their risk every day of the week,” said Tim McCourt, Global Head of Equities, FX and Alternative Products at CME Group.  “Ensuring that our regulated cryptocurrency markets are always on will enable clients to trade with confidence at any time.” Trading will take place on CME Globex, with a two-hour weekly maintenance window at weekends. Activity conducted between Friday evening and Sunday evening will be assigned the following business day as the trade date, with clearing, settlement and reporting also processed the next business day. The announcement follows record levels of activity across CME Group’s crypto markets in 2025.  Notional open interest hit $39 billion on 18 September, while August average daily open interest rose 95% year on year to 335,200 contracts, equivalent to $31.6 billion notional. Average daily volumes surged 230% to 411,000 contracts, or $14.9 billion notional, and the number of large open interest holders topped 1,010 in late September. CME Group said the expansion will strengthen its role as a trusted venue for institutional crypto risk management. The post CME Group to Launch 24/7 Trading for Crypto Futures and Options in 2026 appeared first on LeapRate.

The deal, first announced in February, includes Mizuho’s offshore securities services, such as global custody, cross-border fund servicing in Cayman, the Bahamas and Luxembourg, a European securities agency business, and U.S.-based sub-custodian and securities lending services.  The businesses, previously managed through Mizuho Trust & Banking (Luxembourg) S.A. and Mizuho Bank (USA), represent around $580 billion in assets under custody and $24 billion in assets under administration. “Since we announced the transaction in February this year, we have been collaborating very closely with our colleagues of Mizuho in analysing their offshore securities servicing model to ensure a seamless transition for Mizuho’s clients,” said Joerg Ambrosius, president of Investment Services at State Street.  He added that the move reinforces State Street’s commitment to Japan and Luxembourg, and helps to “further our growth ambitions in these important markets.” Mizuho said the transfer will allow its clients to benefit from State Street’s global scale and servicing capabilities.  “We believe State Street’s global scale and capabilities will continue to support our clients’ offshore investments,” said Tsutomu Yamamoto, senior managing executive officer at Mizuho. Mizuho, one of Japan’s largest financial institutions, will continue to provide trust and custody services for domestic assets while collaborating with State Street on global services. State Street has operated in Japan for more than 35 years, employing over 500 people, and has a similarly long presence in Luxembourg. The post State Street Completes Transfer of Mizuho’s Global Custody Business appeared first on LeapRate.

The approval marks a strategic step in Deriv’s regional expansion as it seeks to offer regulated, locally compliant trading services in one of the world’s most dynamic financial centres.  The company, which has a 26-year heritage and serves more than 3 million clients worldwide, said the move aligns with its mission to democratise access to financial markets. “As we enter our 26th year, the SCA licence for our UAE entity anchors our next chapter of growth,” said Rakshit Choudhary, sole CEO of Deriv. He highlighted the UAE’s “fintech-forward vision” and young, digital-first population as key drivers of opportunity. Operating under SCA oversight, the UAE entity will provide services tailored to the local market, including Arabic and English in-app support, region-specific payment options, and an AED 10,000 demo account.  Deriv’s mobile app will allow trading in contracts for difference (CFDs) on hundreds of instruments across six markets, with AED-based funding starting from AED 40 and risk-management tools such as stop loss and trailing stops. Joanna Frendo, Executive Director of Deriv’s UAE subsidiary, said obtaining the licence was “fundamental to our regional strategy,” enabling the firm to deliver transparency, safeguards, and service quality to UAE clients. The move follows licences in Mauritius and the Cayman Islands and a year of rapid innovation, including Deriv’s transition to an AI-first organisation. The post Deriv Secures UAE SCA Licence to Accelerate Growth in Region appeared first on LeapRate.

She succeeds Dan Draper, who will step down and remain as a Special Advisor for a period. Clay will also take Draper’s seat on the S&P Dow Jones Indices Board and report directly to Martina Cheung, President and CEO of S&P Global.  Based in New York, she will become part of the company’s Executive Leadership Team. Clay joins from Cboe Global Markets, where she served as Executive Vice President and Global Head of Derivatives, overseeing global options and futures as well as the Data Vantage business across the U.S., Europe, Asia-Pacific and the Middle East.  Her background spans derivatives markets, digital assets, data analytics and financial technology. “We are excited to welcome Catherine to S&P Dow Jones Indices, where she will lead our index business, recognised globally as the leading provider of financial market benchmarks, data, and research,” said Cheung. “Her forward-thinking mindset, customer-centric approach and extensive leadership experience are vital for S&P DJI’s future.” Clay said she was “honoured to take on the role of CEO” and looked forward to building on S&P DJI’s “strong legacy.” During Draper’s tenure, S&P DJI expanded its global footprint and completed an acquisition to enhance its ability to provide benchmarks and data solutions for the wealth management industry. “I have every confidence in the future of our company under the leadership of Catherine. Her fresh insights and unique strengths will propel S&P DJI to new heights,” said Draper. The post S&P Dow Jones Indices Names Catherine Clay as New CEO appeared first on LeapRate.

The blockchain and tokenisation infrastructure platform has worked with Solidus Labs since 2023, deploying its crypto-native systems to safeguard trading activity and ensure adherence to global standards.  The expanded engagement is said to reflect the increasing importance of regulatory clarity and institutional adoption in the digital assets sector. Solidus Labs, a specialist in crypto risk monitoring, said its technology enables platforms such as Paxos to detect and prevent manipulative behaviour while ensuring transparency.  “Paxos has established itself as a pioneer and one of the most trusted leaders in digital assets. Their vision — that innovation must be built on uncompromising compliance and trust — is exactly what the industry needs as it enters a new era of institutional adoption and regulatory clarity,” said Asaf Meir, Founder and Chief Executive. Paxos, which provides regulated blockchain solutions for institutions, emphasised that it has positioned itself as a compliance-first player at a time when authorities worldwide are tightening scrutiny on digital assets.  Its collaboration with Solidus is presented as a model for how crypto platforms can combine innovation with strong safeguards. The post Paxos Expands Partnership with Solidus Labs appeared first on LeapRate.

Jordan’s evolving traders In recent years, Jordan’s trading community has evolved dramatically. Retail traders are no longer satisfied merely by market access. They are demanding protection, fairness, and the guarantee that their brokers answer to local authorities. This demand is part of a wider shift across MENA, moving away from chasing quick opportunities and focusing instead on transparency and long-term security. “Jordanian traders are highly sophisticated. They understand that sustainable trading requires more than just tools—it requires trust, and that trust begins with regulation,” says Mohammad Amer, CEO of Exness Jordan. From access to assurance As more people join the market, their expectations also rise. In the past, access alone was enough. In today’s environment, experienced traders want assurance through clear rules, transparent pricing, and reliable protection. Regulation is now the foundation of this demand, giving brokers the structure they need to be fair, open, and resilient. This change is an important moment for Jordan. It marks the start of a new chapter, one in which traders are not just market participants but contributors in creating a safer and more transparent trading environment. What a license really means The word “regulation” can sometimes feel abstract, but for traders, a regulatory license brings very real benefits: Protection and stability. Keeping client funds separate, requiring minimum capital, and ensuring strong supervision all help protect traders’ funds and support the fairness of the market. Fairness and accountability. Licensed brokers must follow clear rules on pricing, trade execution, and transparency. They must also offer ways for traders to resolve disputes. Predictability. Regulation lowers uncertainty by making sure everyone follows the same standards. This creates confidence that the rules are applied equally to all. In short, a license is more than a certificate on the wall or a footer on a website. It is proof that a broker works within a system built for safety, fairness, and accountability towards their clients. A future-proof approach Getting a local license is not simple. It takes strict procedures, a large investment, and a long-term vision. For serious brokers, these challenges are not just obstacles; they are a clear sign of commitment. By accepting local supervision, brokers show that they are present for the long run, ready to invest in the community, and willing to follow the standards that matter most to clients. This trend is growing rapidly across MENA. Regulators are moving from being simple gatekeepers to becoming ecosystem builders. They are launching fintech sandboxes, eKYC programs, and payment systems that support both innovation and consumer safety.  These actions make the region more attractive to trusted global companies, while also giving local traders the same level of protection that’s found in more established markets. “Undertaking the licensing process is the most transparent way to show traders that you are serious about building a future with them. It is not a nice-to-have; it is the most important differentiator between those here for the long-term and those who are not,” notes Amer. Innovation meets trust Technology alone will not shape the future of financial services in Jordan and across MENA. Innovation is important, but without trust, it cannot last. Regulation provides the foundation for innovation to grow safely, ensuring that new products and platforms support the market instead of disrupting it. The best opportunities come from balance, combining world-class technology with strong local oversight. This way, traders can enjoy the benefits of innovation while also feeling protected and confident. A shared responsibility Trust is not created solely by regulators; it is a shared responsibility. Regulators set the rules, but brokers must follow them by investing in compliance, transparency, and education. In return, traders gain access to safer, clearer, and more resilient markets. Looking ahead The Jordanian financial sector is at a promising turning point. Skilled local traders are driving the demand for higher standards, and regulators are answering with frameworks that encourage both protection and growth. The brokers who succeed will be the ones who embrace this culture of trust, aligning their work with local rules as well as global best practices. “The future of trading in Jordan will be built on regulation that protects, innovation that empowers, and a shared commitment to sustainable growth,” concludes Amer.   The post Building bridges: The role of local regulation in global financial services appeared first on LeapRate.

The integration enables MoneyGram customers in Europe to connect and authenticate their bank accounts through Plaid’s open banking technology.  The firms said this provides a faster, seamless and secure way to fund international payments, supporting MoneyGram’s ambition to build what it calls a “borderless financial world.” “The international expansion of our partnership with Plaid reflects our commitment to save customers time, effort and money by continuously improving their experience,” said Anthony Soohoo, Chief Executive Officer at MoneyGram.  ”We’re working with Plaid to build faster, more powerful tools that make cross-border money movement simple and reliable for everyone.” The move strengthens MoneyGram’s global footprint, which already spans more than 200 countries and territories, around 500,000 retail locations and more than five billion digital touchpoints.  Security is said to remain central to the initiative. MoneyGram highlighted Plaid’s safeguards and its compliance and consumer protection systems, which aim to ensure sensitive information is kept safe throughout the payment process. Brian Dammeir, Head of Payments and Financial Management at Plaid, said: “When it comes to payments, Europeans want to move money across the continent and beyond quickly and friction-free. MoneyGram provides increasingly in-demand experiences, powered by Plaid’s Pay by Bank.” The post MoneyGram and Plaid Expand Open Banking Partnership to Europe appeared first on LeapRate.

The deal was formalised at the Sibos conference in Frankfurt, underscoring its strategic importance. As one of the world’s leading providers of post-trade services, Clearstream faces growing transaction volumes and operational complexity.  The company said the extended partnership with Vyntra reflects its commitment to next-generation technology as it seeks to maintain its reputation for reliability and client service. Vyntra, formed from the merger of Intix and NetGuardians, provides financial institutions with real-time intelligence across the transaction lifecycle.  Its platform delivers end-to-end visibility, turning historical and live data into actionable insights while supporting compliance and financial crime prevention across fast-moving payment channels. Through the agreement, Vyntra will supply Clearstream with advanced telemetry and business activity monitoring, enabling real-time oversight of multiple transaction flows.  Features such as anomaly detection and dynamic alerting will help mitigate risks before they impact clients, the firms said. “This agreement with Clearstream demonstrates our shared focus for excellence in transaction observability and client experience,” said Vyntra CEO Joël Winteregg. “With real-time visibility and intelligent monitoring, Vyntra gives institutions like Clearstream the confidence to manage complex transaction flows while enhancing customer trust.” Clearstream COO Berthold Kracke added: “Our expanded partnership with Vyntra underscores our commitment to operational excellence. It equips us with advanced tools and insights to navigate the growing complexities of the post-trade landscape and ensure a seamless and resilient customer experience.” The post Clearstream Extends Vyntra Partnership to Boost Transaction Transparency appeared first on LeapRate.

According to a Letter of Acceptance, Waiver, and Consent published by FINRA, the failings spanned from December 2019 to the present and involved breaches of FINRA Rules 3110 and 2010.  The regulator explained Velocity’s written supervisory procedures did not provide sufficient guidance on how to assess alerts for spoofing, layering, wash trades, cross trades and prearranged trading, nor did they outline when to escalate concerns. FINRA noted that Velocity’s automated surveillance system generated nearly 150,000 alerts between December 2019 and June 2023, but the firm closed most without reasonable review.  In one case, more than 10,000 alerts for prearranged trading were generated over a two-month period in 2022–23 but were never reviewed.  FINRA added that the compliance department, which at times relied on a single employee, often closed hundreds or even thousands of alerts in a single day without further investigation. Since mid-2023, the firm’s new surveillance system has generated around 15.2 million alerts, the vast majority of which were also closed without investigation, with over 5.2 million still unreviewed by early 2025. As part of the settlement, Velocity must appoint an independent consultant to conduct a comprehensive review of its supervisory policies and systems, and implement recommendations to strengthen oversight. Furthermore, FINRA stated that $81,056 of the fine will be paid to them, with the remainder allocated to various exchanges. Velocity neither admitted nor denied the findings but accepted the sanctions. The post FINRA Fines Velocity Clearing $1m Over Supervisory Failures appeared first on LeapRate.

The move enables clients to use LCH’s Portfolio Margining Service, providing portfolio margin benefits across futures positions on FMX and interest rate swaps (IRS) portfolios on LCH. The first client accessed the service on 22 September. By consolidating margining across futures and swaps, the initiative is said to be designed to reduce counterparty risk and deliver significant capital savings. Marex has a history of pioneering access to LCH services. In July 2024, it became the first non-bank to offer client clearing of IRS on LCH, broadening liquidity and diversifying counterparty risk.  The firm has also been closely involved in supporting FMX Futures Exchange since its launch last year, having cleared the first-ever FMX trade in September 2024 and the first U.S. Treasury delivery earlier this month. FMX launched SOFR futures in 2024 and has since expanded into U.S. Treasury contracts. LCH, meanwhile, is one of the world’s largest clearing houses for interest rate swaps and is fully approved as a CFTC Derivatives Clearing Organization. Terry Hollingsworth, Marex’s Global Head of Futures & OTC Clearing Sales, said: “The launch of margining benefits between LCH and FMX marks a significant step in bringing greater diversification to the US Treasury futures market. “With this service, LCH, FMX and Marex are not only delivering capital savings to clients but building a stronger and more resilient futures market.” The post Marex Becomes First Clearing Firm to Offer Margin Benefits via FMX and LCH appeared first on LeapRate.

The company said members can now build their own direct index from more than 100 indices provided by Solactive and S&P, including the S&P 500 and sector-specific benchmarks such as technology and healthcare.  Public explained that, unlike investing in ETFs, direct indexing allows investors to own individual shares within an index, opening the door to tailored portfolio construction and automated tax-loss harvesting. Traditionally reserved for high-net-worth individuals, direct indexing has become more accessible as minimum investment requirements have fallen.  Public has set the entry point at $1,000, with an annual management fee of 0.19% per index.  The company said the offering enables investors to adjust weightings, exclude or include specific companies, and design personalised exposure to chosen market segments. Leif Abraham, co-CEO and co-founder of Public, said: “Sophisticated investors want control over their portfolios. Our new direct indexing product not only gives people the widest range of indices but also total control over what companies they want to be invested in, and which not.  “Essentially giving people the opportunity to turn indices like the S&P 500 into their own personalised S&P index.” The company said the product is now available to all Public members via iOS, Android and web platforms. The post Public Unveils Fully Customisable Direct Indexing appeared first on LeapRate.

The corporate payments firm, listed on the New York Stock Exchange, said the move marks a key milestone for its cross-border business and enhances its ability to serve both domestic and international clients operating in GBP.  Pay.UK’s chief operating officer, David Morris, explained that FPS, operated by Pay.UK, provides fast, secure and low-cost transfers and has become central to the UK’s retail payments landscape since its launch in 2008. By integrating with FPS, Corpay customers are now expected to benefit from near-instant transfers for inbound and outbound payments, as well as dedicated account numbers linked to Corpay’s sort code, which is connected to both FPS and the CHAPS system.  The firm said the step also strengthens its Multi-Currency Account offering, enabling clients to manage and move funds across currencies more efficiently. Tim Watson, chief product and digital innovation officer at Corpay Cross-Border Solutions, said: “Today’s clients expect immediacy, not just in how they shop or communicate, but in how they move money. By joining the Faster Payments network, we are meeting that demand with a modernised GBP payment experience that is fast, seamless, and aligned with the real-time expectations of global businesses.” Morris added that FPS already processes billions of pounds in real-time payments daily. He stated that Corpay’s participation highlights the system’s role in meeting the evolving needs of businesses and consumers. The post Corpay Joins UK Faster Payments Service to Boost Real-Time GBP Transactions appeared first on LeapRate.

World-Check Verify aims to help financial institutions meet the demands of the fast-moving digital economy, where instant payments, embedded finance and stricter regulations are reshaping compliance requirements, according to LSEG.  The new API is said to offer real-time screening against LSEG’s trusted World-Check data without slowing transactions or customer onboarding. David Wilson, group head of LSEG Risk Intelligence, said: “World-Check Verify makes compliance invisible — with timely, trusted data ensuring screening happens in the background, at the precise moment it’s needed, so payments and onboarding remain instant and seamless.  “It sets a new standard for embedded compliance in a world where speed, trust, and accuracy must coexist.” The company explained that the solution is designed to scale rapidly, with low latency and strong privacy safeguards, making it suitable for digital platforms, neobanks and institutions managing high volumes of cross-border transactions.  By using AWS’s infrastructure, the service offers resilience, flexibility and secure handling of data, while enabling advanced configuration to align with firms’ policies. Alison Kay, vice-president and managing director of AWS UK and Ireland, said the service “scales instantly to meet demand spikes, reduces infrastructure overhead, and leverages advanced analytics to transform the manual workload burden that 77% of institutions struggle with into an automated, efficient workflow.” The launch follows LSEG’s 2025 Global Risk Intelligence Survey, which found that 98% of institutions now view real-time data as critical to compliance. The post LSEG Launches Cloud-Native Compliance Tool with AWS appeared first on LeapRate.

The collaboration is said to enable the publication of 41 selected real-time data points from Deutsche Börse’s trading venues, including Xetra, Eurex, 360T and Tradegate.  Covering a range of asset classes such as equities, derivatives and foreign exchange, the information will now be accessible to more than 2,400 blockchain-based applications via Chainlink’s DataLink service. By providing trusted, high-quality data onchain, the initiative is expected to support financial institutions and developers in building regulated digital financial products on the same information used in traditional markets. “Partnering with Chainlink to publish Deutsche Börse Group’s trusted market data onchain for the first time marks a major milestone in connecting traditional and blockchain-based financial markets,” said Alireza Dorfard, managing director and head of Market Data + Services at Deutsche Börse Group. “By making our data from Xetra, Eurex, 360T and Tradegate accessible onchain through the Chainlink data standard, we are empowering global financial institutions to build the next generation of regulated financial products on the same high-quality data that underpins today’s markets.” The move forms part of Deutsche Börse’s wider digital assets strategy, which integrates trading, settlement, and custody through its businesses, including 360T, Crypto Finance, Clearstream, and DBAG, offering regulated solutions to both institutional clients and crypto-native firms. The post Deutsche Börse Partners with Chainlink to Bring Market Data Onchain appeared first on LeapRate.

The company explained that the new platform delivers live, broker-sourced pricing from PVM and ICAP, with TP data to follow later this month, making Parameta the only provider to aggregate information from three of the world’s largest oil brokers. Furthermore, the firm said the service addresses a long-standing challenge in OTC oil trading, where limited visibility and fragmented data have hindered efficiency.  By offering structured, real-time pricing, Parameta aims to help traders, risk managers and developers build smarter models, enhance trading platforms and make faster decisions. “In fast-moving markets, real-time data isn’t a luxury, it’s a necessity,” said Silvina Aldeco-Martinez, chief executive of Parameta Solutions. “We built this service to help clients move faster and make better decisions—powered by real-time, broker-sourced data, all in one place.” Andrew Polydor, chairman of energy and commodities at TP ICAP, added: “This launch marks a major step forward in bringing greater transparency to the OTC oil markets—something the industry has long needed.” The service provides mid-prices across the oil barrel, spanning crude, light ends, middle distillates, fuel oil and LPG, sourced from more than 100 brokers across desks in London, Singapore and Dubai.  Data is delivered through multiple channels, including WebSocket, SURFIX and Marketfeed, and is also integrated into TP ICAP’s Fusion Insights platform, offering users visualisation tools and market intelligence in real time. The post Parameta Solutions Unveils Real-Time OTC Oil Data Service appeared first on LeapRate.

The company believes the launch marks a significant step in its strategy to embed artificial intelligence across enterprise payment workflows. Built on the open Model Context Protocol (MCP), the company said the Integration Agent simplifies one of the most complex elements of payment systems: technical integration.  The firm added that by converting Nuvei’s technical documentation into a standardised format interpretable by large language models, the agent reduces manual effort and error rates.  Nuvei noted that according to early adopters, integration times have been cut to hours, errors reduced by up to 40%, and complex issues resolved in under 30 minutes. Furthermore, they said that non-technical users have been able to generate working integration code. The company feels the new tool will help enterprises go live faster, enabling them to process transactions sooner, optimise approval rates, and reduce costs, thereby unlocking millions in potential incremental revenue. Phil Fayer, chair and chief executive of Nuvei, said: “AI is transforming payments by removing complexity and accelerating growth for businesses.”  “The Integration Agent is one of several initiatives at Nuvei as we move towards full agentic commerce that are enabling enterprises to connect, optimise, and innovate across the payments lifecycle in new ways.” The post Nuvei Launches AI-Powered Integration Agent to Speed Up Client Onboarding appeared first on LeapRate.

The deal, subject to approval from the Financial Conduct Authority, will see Bastion’s team, strategies and expertise fully integrated into CoinShares’ platform. The Jersey-headquartered group, which manages around $10 billion in assets, said the move aligns with its strategy to create a one-stop shop for digital asset management.  By combining exchange-traded products with actively managed funds, CoinShares aims to offer investors a comprehensive suite of digital asset investment options. Jean-Marie Mognetti, chief executive and co-founder of CoinShares, said the acquisition “perfectly aligns” with the company’s long-term vision.  He said: “Having worked closely with Bastion over the course of the last year, we have experienced firsthand the performance of their strategies and witnessed their expertise in systematic digital asset investing. Bastion’s institutional-grade approach and proven track record in quantitative alpha generation significantly enhances our ability to serve sophisticated investors.” Bastion focuses on quantitative alpha strategies for digital assets. Its chief investment officer, Fred Desobry, and chief executive and co-founder, Philip Scott, will join CoinShares following completion.  Scott said: “Over the last three years we have built a strong market neutral strategy and a broad and growing range of investors. This acquisition will enable us to further scale our investor base and accelerate the build out of our innovative alternative programme.” CoinShares added that the deal would also support its U.S. expansion, enabling the development of actively managed funds under its registered Investment Advisor status. The post CoinShares to Acquire Bastion Asset Management in Digital Assets Push appeared first on LeapRate.

The move marks a significant step in the development of the UK’s crypto market and paves the way for the trading platform to broaden its services. IG launched crypto trading in June through a partnership with FCA-registered firm Uphold.  With its own licence now in place, the company said it will soon allow customers to transfer crypto assets in and out of its platform, expand the number of available tokens, and deliver more accurate pricing. Existing crypto clients will be migrated to the IG platform in the coming weeks without needing to take any action.  The firm said the integration would give investors greater flexibility while maintaining the convenience of managing multiple asset classes, including stocks, indices, ETFs, FX, commodities and derivatives, in one place. Michael Healy, UK managing director at IG, called the development “a significant step forward” for the firm.  He said: “The FCA licence not only enables us to provide a wider range of crypto services, but it also gives our customers greater flexibility and control. We’re excited to bring more than five decades of market experience to help shape the future of the UK’s rapidly growing crypto sector.” Healy added that IG looked forward to working closely with the regulator as it continues to expand its offering. The post IG Secures FCA Cryptoasset Licence, Becoming First UK-Listed Firm on Register appeared first on LeapRate.