In a recent development, founders of nonfungible tokens (NFTs) have started offering company equity to their holders. Pons Asinorum, the founder of “The Plague” NFT collection, announced during the holiday season that their holders would receive a percentage of their company shares. Following this, Ovie Faruq, also known as OSF in the NFT space, made […]
Brevan Howard and Hamilton Lane are set to become the first asset managers to tokenize assets on the upcoming Libre protocol. This Web3 infrastructure provider is backed by Brevan Howard’s WebN and Nomura’s Laser Digital. The launch of Libre is planned for the first quarter of 2024, and it will offer asset tokenization and smart […]
As we continue our exploration of Ethereum apps to watch in 2024, we delve into a diverse range of applications that cater to various user needs. Let’s start with Daylight, the sixth app on our list. Daylight’s main product is an Application Programming Interface (API) that facilitates communication between wallets, tools, and creators. The API […]
Asset management firm Icosa has commenced operations, with a primary focus on investments in catastrophe bonds. Icosa, based in the canton of Schwyz, has recently launched. In its initial phase, the financial company has established a UCITS strategy in partnership with MRB Fund Partners, providing access to investments in catastrophe bonds. These ‘Cat Bonds’ allow […]
Digital Currency Group (DCG) has reportedly repaid its entire debt to the bankrupt cryptocurrency lender Genesis. However, an ad hoc group of Genesis creditors has disputed this claim in court papers filed in the Southern District of New York Bankruptcy Court. They argue that DCG still has a substantial debt remaining, with unpaid interest and […]
Industry giant Blackstone has raised $1.3 billion for a new private equity fund aimed at wealthy private clients. This move represents a strategic shift, furthering the democratization of private market offerings.In a notable move, the American private equity titan Blackstone, a heavyweight in the industry, has for the first time launched a fund for the […]
LGT Private Banking has expanded its operations in Germany by opening an office in Frankfurt. This move increases LGT’s presence in the country, where it already has offices in Hamburg, Dusseldorf, and Cologne. The bank now serves high-net-worth (HNW) individuals, families, and entrepreneurs in four different regions of Germany.The Frankfurt office will be staffed by […]
BlackRock, a leading global investment firm, is reportedly on the verge of announcing a significant downsizing of its workforce. The impending layoffs, accounting for about 3% of its global workforce, will result in approximately 600 employees leaving the company. These layoffs are being internally described as routine, aligning with BlackRock’s previous practices. In 2023, the […]
In an effort to provide a platform for women to share their personal experiences, e-fundresearch.com has launched a new series of articles in 2023 titled ‘Role Models’. Five role models were asked to share their advice for women aspiring to build a career in asset management. Here are their responses:Katja Müller, Chief Customer Officer at […]
Fintech firms Sygnum and Float have joined forces with credit fund Fasanara Capital to offer tokenised access to private debt markets. Float, a capital-as-a-service company based in Stockholm, has introduced the Float Token in collaboration with Sygnum bank on the Polygon blockchain. This move allows Sygnum’s clients to invest alongside Fasanara Capital, a UK-based fintech-focused […]
