Market infrastructure provider for blockchain-based securities Prometheum has received approval for its SEC-registered special purpose broker-dealer subsidiary to offer correspondent clearing services to third-party broker-dealers. Correspondent clearing allows one broker-dealer to execute trades through another and settle those trades via a third, separate clearing broker-dealer. As a qualified custodian for institutional and retail investors, Prometheum… Read More >>
Cantor Fitzgerald Dives Into Bitcoin Financing
Inter-dealer broker Cantor Fitzgerald has plans to launch a Bitcoin financing business in an effort to help investors leverage their Bitcoin. “The firm will launch with $2 billion in initial financing and will continue to substantially grow the operation,” according to the initial announcement. “To launch the effort, Cantor Fitzgerald will partner with select Bitcoin… Read More >>
Asset Managers Need Coin Custody for Funds, SMAs
(BitGo, a digital asset custodian and wallet solutions provider, recently announced that it is offering custody support for the underlying assets that make up the CoinDesk 20 Index. The new support is part of a recently announced collaboration between BitGo and CoinDesk Indices. The CoinDesk 20 Index, launched in January 2024, “addresses the growing demand… Read More >>