The UBS has formed a new unit called the “Executive Client Group” consisting of nine bankers who will be responsible for managing the bank’s most important corporate clients worldwide and negotiating directly with company executives. The unit will be led by Ros L’Esperance and will report directly to Rob Karofsky, the head of UBS Investment […]
Deutsche Bank’s asset management arm, DWS, has announced a new partnership with Galaxy Digital and Flow Traders to launch a euro-denominated stablecoin called AllUnity. The stablecoin will be “fully collateralized” and regulated by the German Federal Financial Supervisory Authority (BaFin). The goal of AllUnity is to promote the mass adoption of digital assets and tokenization.AllUnity […]
EFG, a Swiss bank, has made three new high-level appointments in Asia as part of its strategic efforts to expand its business in the Asia-Pacific region. The bank aims to strengthen its regional presence by hiring individuals with extensive experience in Swiss banking.Christina Wong has been appointed as Senior Client Partner based in Hong Kong. […]
Howard Lutnick, the CEO of Cantor Fitzgerald, has expressed his admiration for Tether, a stablecoin issuer, stating that he is a “big fan” of the company. Lutnick revealed that he holds Tether’s treasuries, which currently amount to over $90 billion. Cantor Fitzgerald has been managing Tether’s multi-billion dollar Treasury portfolio for several years, despite other […]
KuCoin, one of the leading cryptocurrency exchanges, has agreed to pay $22 million and halt trading activities in New York to settle a lawsuit brought against it by the state. As part of the settlement, KuCoin will refund $16.7 million to approximately 177,800 New York investors and pay a $5.3 million fine to the state. […]
The United States Securities and Exchange Commission (SEC) has served a lawsuit to HEX founder Richard Schueler, also known as Richard Heart, at his residence in Helsinki, Finland. The SEC alleges that Heart made over $1 billion by selling unregistered securities, including Hex, PulseChain (PLS), and PulseX (PSLX). Additionally, the agency claims that Heart defrauded […]
El Salvador has received regulatory approval for its Volcano Bitcoin bonds, which aim to raise $1 billion from investors. These bonds are supported by the country’s Bitcoin mining industry, which utilizes renewable volcanic energy. The funds raised will be used to construct the highly anticipated “Bitcoin City.”The bonds are set to be issued in the […]
Coinbase and its asset management division, Coinbase Asset Management, have launched Project Diamond, a platform that enables institutional investors to create, buy, and sell digital assets. The platform, developed using Coinbase’s advanced technology stack and layer-2 blockchain, Base, aims to streamline operations and enhance efficiency in institutional capital market activities involving digital assets.Project Diamond has […]
