UBS has formed a new unit called the Executive Client Group, which consists of nine top bankers from the merged bank. Led by Ros L’Esperance, the team will manage key corporate clients globally and directly negotiate with company heads. This elite unit will report to Rob Karofsky, the head of UBS investment banking, who is […]
UBS executives are seizing an opportunity to revive their U.S. investment-banking business, which has fallen behind its competitors. The takeover of local rival Credit Suisse and the challenges faced by other global peers have created a favorable environment for UBS to rebuild its lagging business. To capitalize on this, UBS has embarked on a hiring […]
Geneva-based private bank Bordier & Cie has partnered with crypto lender Sygnum to offer digital asset services in Singapore. Through this collaboration, Bordier will be able to utilize Sygnum’s institutional-grade custody, risk management, and off-balance sheet digital assets. This move demonstrates Bordier’s commitment to innovation and meeting the demand for alternative investments in digital assets.Sygnum, […]
Sygnum, a digital-asset bank, stands out from its competitors due to its core values and approach to regulation. The founders firmly believed that cryptocurrencies and digital assets were not temporary trends but rather indicators of a larger digital revolution.Unlike many others in the industry who resisted regulation, Sygnum recognized the necessity of regulatory oversight to […]
Sygnum, the world’s first digital asset bank, has obtained regulatory approval from the Monetary Authority of Singapore (MAS) to launch its regulated Digital Payment Token (DPT) brokerage service in Singapore. With headquarters in Zurich and Singapore, Sygnum manages approximately USD4 billion in total assets and serves over 1,700 clients in more than 60 countries. The […]
In the world of cryptocurrency, 2023 has been marked by the emergence of several controversial figures. Karl Sebastian Greenwood, Ian Freeman, and Amir Bruno Elmaani, also known as “Bruno Block,” have made headlines as the top three most controversial crypto figures of the year.The cryptocurrency industry has also been actively involved in influencing the upcoming […]
Will Clemente, co-founder of Reflexivity Research, suggests that Coinbase shares could serve as an “index play” for traditional finance firms looking to gain exposure to the cryptocurrency sector. Clemente believes that Coinbase’s diverse range of verticals makes it an attractive option for investors who may be unsure about which specific assets to choose. Matt Hougan, […]
The number of registered crypto companies in Spain saw a significant increase in 2023, growing by approximately 56%. According to the official registry published by Spain’s central bank, 30 companies were granted a virtual asset service provider license last year.While the number of companies added to the registry in 2022 still surpasses the 2023 figure, […]
Stablecoin issuer Paxos has received regulatory approval from the New York Department of Financial Services (DFS) to launch its products on the Solana blockchain. This is a significant development as Paxos has previously only been authorized to issue its Pax Dollar stablecoin on the Ethereum network due to restrictions imposed by the DFS. The debut […]
The community of Curve Finance, a decentralized finance (DeFi) protocol, has voted to reimburse liquidity providers (LPs) who were affected by a $61 million hack in July. The vote, which saw 94% of tokenholders approve the disbursement of tokens worth over $49.2 million, aims to cover the losses incurred by the Curve, JPEG’d, Alchemix, and […]
