• KPMG Chain Fusion launches
    KPMG wants blockchains and banks to communicate better than teens and parents (Photo: HåkanDahlström/Flickr)
    Cryptocurrencies,  Technology

    KPMG Chain Fusion launches, helping blockchains ‘talk’ to legacy bank systems

    It is hoped that the data standardization tool will allow traditional financial systems to communicate more effectively with blockchain protocols

    June 25, 2020 /

    The audit, tax and advisory giant KPMG has launched a service designed to connect the systems used by banks and fintech firms with those relied on by cryptocurrency and digital asset platforms.

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  • crypto custodian Komainu
    Japanese banking giant Nomura is jumping into institutional crypto with digital asset custodian Komainu (Photo: Pxfuel)
    Cryptocurrencies

    Nomura launches crypto custodian Komainu

    The major Japanese bank says it hopes to become a leader in the institutional digital asset industry through Komainu, which is backed by CoinShares and crypto security firm Ledger

    June 17, 2020 /

    The new venture will offer custody for a variety of cryptocurrencies, including Bitcoin. In time, Nomura hopes crypto custodian Komainu will be able to tokenize and issue traditional assets such as stocks and bonds on a blockchain.

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  • Galaxy Digital Bakkt join forces
    A Bitcoin marriage made on Wall Street (Photo: Galaxy Digital)
    Bitcoin

    Galaxy Digital, Bakkt woo big investors

    The partnership will provide a one-stop solution for institutional investors and asset managers looking for a safe way to buy, trade, and store bitcoin

    June 10, 2020 /

    The two New York-based firms will collaborate to offer clients looking to invest in physical bitcoin “the same caliber of market knowledge and trade execution expertise in BTC as they would expect from any established traditional finance desk,” said Tim Plakas, head of sales at Galaxy Digital Trading,

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  • Digital assets appeal to 80%
    Fidelity Digital Assets' president, Tom Jessup, says big investors increasingly see a new asset class emerging (Photo: Fidelity).
    Cryptocurrencies,  Uncategorized

    Digital assets appeal to 80% of institutional investors, poll reveals

    Hedge funds, financial advisors, and high net worth investors said they appreciate that digital assets are uncorrelated to other asset classes and have high potential upside

    June 9, 2020 /

    Some four-fifths of institutional investors polled recently by Fidelity Digital Assets said they found the asset class appealing, and more than 60% of them have made a direct purchase. But roadblocks remain.

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