Tagged: settlement

July 11, 2025 @ 6:10 pm By Omar Faridi  |  

As institutional demand for secure and capital-efficient trading continues to grow, FalconX is expanding Prime Connect—their dedicated and secure off-exchange settlement infrastructure for Direct Market Access (DMA)—with support for Ceffu. Clients can now access Binance liquidity while “keeping funds safeguarded in custody through Ceffu’s MirrorX… Read More

June 20, 2025 @ 4:27 pm By Omar Faridi  |  

The Depository Trust & Clearing Corporation (DTCC), the post-trade market infrastructure for the global financial services industry, announced that its central securities depository subsidiary, The Depository Trust Company (DTC), has surpassed “$100 trillion in assets under custody as overall U.S. market capitalization continues to rise.”… Read More

June 15, 2025 @ 4:26 pm By Omar Faridi  |  

In a significant development tied to the collapse of the cryptocurrency exchange FTX, NBA legend Shaquille O’Neal has reportedly reached a $1.8 million settlement to resolve claims against him for his role in promoting the platform. The settlement, finalized recently, marks a notable contrast to… Read More

May 14, 2025 @ 10:18 pm By Omar Faridi  |  

Texas Attorney General Ken Paxton has secured a historic $1.375 billion settlement with Google, marking the largest state-level data privacy settlement in U.S. history. The agreement reportedly resolves two lawsuits filed in 2022 that accused Google of unlawfully collecting Texans’ personal data, including location information,… Read More

May 3, 2025 @ 5:32 pm By Omar Faridi  |  

On April 28, 2025, Payments Canada implemented significant updates to the rules governing the Automated Clearing and Settlement System (ACSS), a critical infrastructure for processing electronic payments in Canada. These changes, aimed at enhancing clarity, aligning with current practices, and supporting ongoing modernization efforts, mark… Read More

November 25, 2024 @ 10:15 pm By Omar Faridi  |  

The European Securities and Markets Authority (ESMA), which is the EU’s financial markets regulator and supervisor, has recently released its Final Report providing the assessment of the shortening of the settlement cycle in the EU. The report aims to highlight that the increased efficiency and… Read More

October 21, 2024 @ 11:21 pm By Omar Faridi  |  

CMU OmniClear Limited, a wholly-owned subsidiary of the Hong Kong Monetary Authority (HKMA) and SIX signed a Memorandum of Understanding (MOU) for cooperation in securities depository and settlement to foster the growth of cross-border investment. Based on the MOU, the two parties will now aim… Read More

October 21, 2024 @ 9:07 am By Omar Faridi  |  

The UK is set for a considerable market shift with the Accelerated Settlement Taskforce, Technical Group report aiming to transition to a T+1 settlement cycle by the end of the year 2027. Jonny Fry, ClearBank Head Digital Assets Strategy, noted that this anticipated move will… Read More

July 18, 2024 @ 10:26 am By Omar Faridi  |  

State Street (NYSE: STT) is currently examining various options for settling payments on blockchain, according to a report from Bloomberg. State Street, which is focused on the financial services and banking sector, is assessing if it should introduce its own stablecoin, issuing its own deposit… Read More

July 17, 2024 @ 12:38 pm By Omar Faridi  |  

Bankrupt virtual currency exchange FTX and the US Commodity Futures Trading Commission (CFTC) have reportedly agreed to a $12.7 billion settlement. The said agreement between FTX and the CFTC is currently awaiting approval from a Delaware Judge. The parties have been actively engaging in discussions… Read More

July 14, 2024 @ 6:51 pm By Omar Faridi  |  

Partior, a fintech company with global unified ledger-based interbank rails for real-time clearing and settlement, has announced the first close of a US$60M+ Series B round led by Peak XV Partners and supported by Valor Capital Group and Jump Trading Group as new investors, and… Read More

July 12, 2024 @ 10:03 am By Omar Faridi  |  

Sygnum, a global digital asset banking group, announces the launch of Sygnum Connect, its 24/7 multi-asset instant settlement network. The network settles fiat, digital assets and stablecoin transactions “for institutional investors, liquidity providers, stablecoin issuers, brokers and selected exchanges.” Sygnum Connect fills the current industry… Read More

May 30, 2024 @ 9:46 pm By Omar Faridi  |  

The Canadian Securities Administrators (CSA) recently announced that rule amendments supporting the move to a shorter settlement cycle for equity and long-term debt market trades came into force in Canada. The amendments to National Instrument 24-101 Institutional Trade Matching and Settlement align with the industry’s… Read More

May 30, 2024 @ 10:03 am By Omar Faridi  |  

The New York Department of Financial Services (NYDFS) has shared a consumer alert update for Gemini Earn customers. Gemini Trust Company, a New York State chartered virtual currency entity, has reportedly returned more than $2 billion in digital assets to Earn customers. The NYDFS has… Read More

May 14, 2024 @ 1:03 pm By Omar Faridi  |  

The US transition to a T+1 settlement cycle is only two weeks away, and DTCC says that it continues to actively work with the industry and regulators to ensure a seamless transition to a T+1 settlement cycle on May 28th, 2024, with a focus “on… Read More

April 25, 2024 @ 9:24 am By JD Alois  |  

Anchorage Digital, a federally regulated bank, has announced a new crypto settlement service called Atlas or Anchorage Digital Trusted Liquidity and Settlement. Atlas will be able to settle both US dollars and digital assets and includes OTC settlement, OTC margin/collateral management, and off-exchange settlement.  Anchorage… Read More

April 21, 2024 @ 3:33 pm By Omar Faridi  |  

Failed crypto exchange FTX‘s investors have reportedly settled with former FTX CEO Sam Bankman-Fried in order to pursue key promoters. As first reported by Bloomberg, the agreement could release the crypto exchange co-founder from claims. In return, SBF may provide assistance so the concerned parties… Read More

April 19, 2024 @ 12:07 pm By Omar Faridi  |  

Hitoshi, Co-founder & Chief Product Officer at Alpaca notes that Alpaca has transitioned to self-clearing at DTCC. As noted in a blog post, this is a key milestone since they started “a regulated brokerage business five years ago.” It’s a pivotal milestone for them because this… Read More

November 24, 2023 @ 10:59 am By Omar Faridi  |  

Former CEO and Binance founder Changpeng Zhao‘s (CZ) departure from the firm will trigger some short-term volatility in the cryptocurrency market, but crypto will “continue to thrive as more institutional money pours in,” predicts the CEO of an independent financial advisory, asset management and fintech… Read More

August 21, 2023 @ 8:56 pm By Omar Faridi  |  

With the integration of Copper’s ClearLoop network, institutional clients can now securely store their digital assets in Copper’s MPC (multi-party computation) wallet while enjoying rapid settlement when trading on Bitget. Bitget, a crypto derivatives and copy trading platform, announces “the successful integration with Copper’s ClearLoop… Read More