Bank of America, FTX, & Coinbase Join Paxos as Strategic Investors, State Street Offering Crypto Services to Private-Fund Clients

2021-7-30 20:41

New York-based Paxos, which focuses on the back-end infrastructure and enables PayPal’s cryptocurrency services, announced new strategic investors for its $300 million Series D funding raised three months back.

To date, Paxos has raised over $540 million in funding with a valuation of $2.4 billion.

These new high-profile investors include the investment giant Bank of America along with crypto exchange FTX, Coinbase Ventures, the investment arm of Coinbase exchange, and Founders Fund.

“We're at the beginning of a technological transformation where new market infrastructure is needed to replatform the global financial system,” said Charles Cascarilla, CEO and co-founder of Paxos.

The second-biggest bank in the US, Bank of America, is slowly getting deeper into the cryptocurrency industry, which joined the Paxos Settlement Service earlier this year. Competitors are also following suit with Goldman Sachs, JPMorgan, and Morgan Stanley, all offering bitcoin trading services to their wealthy clients.

In other news, on Thursday, State Street Corp. also announced that it is all set to offer crypto reporting, reconciliation, and processing services to its private-fund clients in partnership with software provider Lukka.

“Large, traditional funds are rapidly looking to add crypto to their offerings, which leads them to ask their existing, trusted service providers such as State Street for fund administration,” said Robert Materazzi, CEO of Lukka.

The second oldest bank in America with $42.6 trillion in assets under custody and $3.9 trillion in assets under management as of June 30, 2021, also announced in April that it would be launching a crypto trading platform for institutions in partnership with Pure Digital.

“The growth in popularity of digital assets is showing no signs of a slowdown, and State Street Digital is committed to continuing to build out the necessary infrastructure to further develop our digital assets servicing models to help meet our clients’ growing demands,” said Nadine Chakar, head of State Street Digital.

96% of PAX and BUSD Reserves in Cash & Cash Equivalents, Reports Custodian AnTy July 22, 2021 PayPal Partner Paxos Obtains Federal Bank Charter from OCC AnTy April 24, 2021 The post Bank of America, FTX, & Coinbase Join Paxos as Strategic Investors, State Street Offering Crypto Services to Private-Fund Clients first appeared on BitcoinExchangeGuide.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0.0095806 (+7.58%)
Объем 24H $0
Изменеия 24h: 2.35 %, 7d: -7.78 %
Cегодня L: $0.0086651 - H: $0.0095806
Капитализация $183.154k Rank 1690
Доступно / Всего 19.117m EMD / 32m EMD

crypto state street join nadine liquidity paypal

Источник: bitcoinexchangeguide.com

crypto state → Результатов: 126


Фото:

China Pilot Shows Strong State Control of Blockchain Development

China has launched its first official blockchain pilot zone in Hainan Province. Effectively a Silicon Valley for the blockchain industry, the pilot zone at the Hainan Resort Software Community (RSC) includes a separate blockchain research facility, which will work with Oxford University’s Oxford Blockchain Research Center to produce blockchain applications.

2018-10-10 22:51


Wall Street Forays Into Crypto, Bitcoin Stabilizes, Could It Be A Coincidence?

As seen by the recent public outcry, there are many crypto investors that have been irked by the current state of the cryptocurrency market. Bitcoin remains steady at $6,600, with a majority of the foremost altcoins showing similar price movements, or lack thereof to be more specific, leading some to call the often-volatile crypto market “boring,” for.

2018-10-8 14:30


Three Fraudulent Crypto Companies Sanctioned by North Dakota Government

On Sept. 26th, North Dakota Securities Commissioner Karen Tyler issued cease and desist orders for three companies in her state that may have been offering fraudulent ICOs. The North Dakota Securities Department’s official release states that these orders were issued as part of an ongoing operation called Operation Cryptosweep, a multi-jurisdiction operation involving over 40 securities […] The post Three Fraudulent Crypto Companies Sanctioned by North Dakota Government appeared first on CryptoSlate.

2018-10-2 10:00


Фото:

Meet the Hedge Fund Manager Cracking Down on Crypto Investment Fraud [INTERVIEW]

When Dan Neves started a hedge fund for cryptocurrency investors, he didn’t do it with the goal of helping the government crack down on fraud, but that’s exactly what he and his team are doing. Ironically, it started, with a cease-and-desist letter to his own company from the director of enforcement from the Texas State […] The post Meet the Hedge Fund Manager Cracking Down on Crypto Investment Fraud [INTERVIEW] appeared first on CryptoSlate.

2018-10-1 10:00


Фото:

Wendy McElroy: Crypto’s Means Are Its End – as Crypto-Statists Well Know

The Satoshi Revolution: A Revolution of Rising Expectations Section 4: State Versus Society Chapter 10, Part 6 Crypto’s Means are Its End, as Crypto-Statists Well Know The problem of the Means is, as I see it, a twofold problem: first, the problem of End and Means; second, the problem of the People and the State, […] The post Wendy McElroy: Crypto’s Means Are Its End – as Crypto-Statists Well Know appeared first on Bitcoin News.

2018-9-29 18:00


French Stock Market Regulator AMF Blacklists Dozens of Cryptocurrency Sites

The regulatory state of crypto hangs continually in the balance. As the currency and asset class continues to grow and develop, countries all over the world are scrambling to create a complex framework with which to regulate and industry that they might not even fully understand. Countries such as the United States and France have […]

2018-9-27 01:57


Crypto Exchanges Don’t Need Licenses in Colorado For Fiat, Positive Development

The State of Colorado recently released a special guidance that will eliminate the need for money transmitting licenses in crypto exchanges in cases when no fiat currencies are being involved. No Fiat Used — No License Needed Only days ago, on September 20th, a new interpretive guidance regarding the Colorado Money Transmitters Act’s applicability was.

2018-9-23 16:26


Фото:

Europol Urges EU Member States To Prepare For Influx In Bitcoin Crime

The European Union Agency for Law Enforcement Cooperation (Europol) have warned European Union member states of a future influx in Bitcoin and crypto related crime that could plague EU member states, therefore Europol have issued a message requesting each member state employs adequate resources into ensuring investigators and law enforcement teams are able to cope with this potential rise in crypto crime.

2018-9-21 15:30


Фото:

Japan Reports Crypto Thefts up Three-Fold in 2018, Worth Half a Billion in Stolen Funds

Cryptocurrency–The National Police Agency of Japan has released troubling news on the state of cryptocurrency-related thievery. Despite growing adoption and awareness for the industry throughout 2018, thereby leading to an improvement in security for user funds, the Japanese organization reports crypto-related thefts have cost users more than half a billion dollars.

2018-9-21 04:42


New York Finds Half of Crypto Exchanges Trade on Their Own Platform, Binance, Kraken, Gate to be Referred for Possible Violations

The New York State Office of the Attorney General (OAG) has found that half of the exchanges which participated in a voluntary disclosure of their activities trade on their own... The post New York Finds Half of Crypto Exchanges Trade on Their Own Platform, Binance, Kraken, Gate to be Referred for Possible Violations appeared first on Trustnodes.

2018-9-21 15:55


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Blockchain Company Paxos Closes New Funding Round Worth $300 Million

Paxos, a blockchain startup with PayPal Holdings as a client, announced the recent conclusion of a Series D fundraising round. According to company CEO Charles Cascarilla, the funding session led by growth equity investment firm Oak HC/FT saw $300 million infused into the New York-based firm.

PayPal Partner Paxos Obtains Federal Bank Charter from OCC

Paxos is the latest company to obtain preliminary conditional approval from the U. S. Office of the Comptroller of the Currency (OCC) to establish a de novo National Trust Bank. This is the third such charter issued by the OCC, the top banking regulator, to a crypto native company.