Tagged: drw

Stablecoin Issuer Circle Acquires Hashnote Issuer of US Yield Coin, Partners with DRW

Circle, a top stablecoin issuer best known for its dollar-based digital currency USDC, has acquired Hashnote. The purchase was revealed at  Davos, Switzerland where Circle CEO and founder Jeremy Allaire was speaking. Hashnote is the issuer of the Tokenized Money Market Fund (TMMF) – US… Read More

Digital Assets Custody Support for Hashnote’s USYC Provided via Copper Platform

Copper, an institutional digital asset infrastructure provider, has joined forces with Hashnote, the on-chain first digital asset manager, built with the support of Cumberland and DRW, and will be providing custody support for Hashnote’s USYC on the Copper platform. USYC, a Hashnote Short Duration Yield… Read More

First Block Trade of CME’s ETH Options Completed by Genesis

Genesis has executed its first-ever block trade of CME’s newly listed large ETH options contract with Cumberland DRW, according to a statement by the company. According to Genesis, via an affiliate, a trade of CME’s large ETH options contract affirms Genesis’ support of CME’s latest… Read More

Fintech Collective Raises $250M to Support Traditional Financial Tech and DeFi-focused Business Strategy

Fintech Collective, a VC company that’s focused on creating the “future” of financial services by investing across traditional Fintech and emerging crypto-assets, revealed on Friday (August 20, 2021) that it has raised capital, as part of its existing early-stage strategy and for its new strategy… Read More

Cryptocurrency Market Structure: Crypto-Assets Represent a Truly Global Asset Class

Last week on Valentines Day, the Commodity Futures Trading Commission (CFTC) held a meeting of the Technology Advisory Committee (TAC). There were several interesting presentations and good discussions regarding the emerging cryptocurrency market. One of the discussions was by Richard Gorelick, Head of Market Structure… Read More

Fresh from Beta, Money Manager Instavest Sets Sights on Wealthfront Customers

Instavest, a money management platform similar to multi-billion dollar robo-fintech platform Wealthfront, aims to differentiate itself by using “complex options strategies” to make users money in up or down markets, similar to hedge funds. Founded in 2015, Instavest also does not charge management fees; the… Read More

Goldman Sachs, Pivot Investment Partners & Wells Fargo Invest $16 Million in Fintech Company Droit

New York-based Fintech firm Droit Financial Technologies secured a $16 million in Series A investments earlier this month from Goldman Sachs, Pivot Investment Partners, and Wells Fargo. Principal trading firm DRW also participated. Droit is a New York-based Fintech firm focused on providing enterprise solutions for OTC… Read More

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