Trust & Custody Services Bank

Sila and Fortress Trust Join Forces to Elevate Fintech Industry with Comprehensive Payment and Custodial Services

Retrieved on: 
Tuesday, October 10, 2023

PORTLAND, Ore., Oct. 10, 2023 /PRNewswire-PRWeb/ -- Sila, a leading provider of money API services for the fintech industry, is thrilled to announce an exciting new partnership with Fortress Trust, a Nevada-based trust company specializing in a wide array of financial services. This collaboration marks a significant milestone in the world of fintech as it brings together the best practices from banking, fintech development, and custodial services to create an all-encompassing solution tailored to meet the diverse needs of fintech and crypto companies.

Key Points: 
  • Sila and Fortress Trust have formed a groundbreaking partnership to revolutionize the fintech industry by offering advanced payment solutions, compliance expertise, secure custodial services, and streamlined development tools.
  • PORTLAND, Ore., Oct. 10, 2023 /PRNewswire-PRWeb/ -- Sila, a leading provider of money API services for the fintech industry, is thrilled to announce an exciting new partnership with Fortress Trust, a Nevada-based trust company specializing in a wide array of financial services.
  • By partnering with Fortress Trust, a trusted name in ACH payment rails, KYC, AML, sanctions screening, and more, Sila is set to further revolutionize the fintech industry.
  • Custodial Services: Fintech and crypto companies will benefit from secure custodial wallet services, further enhancing the security and convenience of digital assets.

BigONE Granted In-Principle Approval by Astana Financial Services Authority to Operate in Kazakhstan

Retrieved on: 
Friday, July 7, 2023

Victoria, Seychelles, July 07, 2023 (GLOBE NEWSWIRE) -- BigONE , a world-leading cryptocurrency exchange, has been granted in-principle approval by the Astana Financial Services Authority (AFSA) in Kazakhstan.

Key Points: 
  • Victoria, Seychelles, July 07, 2023 (GLOBE NEWSWIRE) -- BigONE , a world-leading cryptocurrency exchange, has been granted in-principle approval by the Astana Financial Services Authority (AFSA) in Kazakhstan.
  • Following this approval, BigONE will be authorized to operate Digital Asset Trading Facility and offer Custody Services at the Astana International Financial Centre (AIFC) in Kazakhstan.
  • BigONE's approval by the Astana Financial Services Authority in Kazakhstan marks a significant milestone in the exchange's expansion into new and dynamic markets.
  • BigONE is dedicated to adhering to regulatory frameworks and aims to establish a foothold in the AIFC.

EQS-News: Bybit Receives In-Principle Approval to Operate in Kazakhstan

Retrieved on: 
Thursday, June 1, 2023

ASTANA, KAZAKHSTAN - Media OutReach - 29 May 2023 - Bybit, the world’s third most visited crypto exchange, has received in-principle approval by Kazakhstan’s Astana Financial Services Authority (AFSA).

Key Points: 
  • ASTANA, KAZAKHSTAN - Media OutReach - 29 May 2023 - Bybit, the world’s third most visited crypto exchange, has received in-principle approval by Kazakhstan’s Astana Financial Services Authority (AFSA).
  • The in-principle approval subjects Bybit to pre-conditions leading to permanent authorization upon Bybit's completion of the full application process.
  • With this approval, Bybit will be allowed to operate a Digital Asset Trading Facility and provide Custody Services at the Astana International Financial Centre (AIFC) in Kazakhstan.
  • Bybit recognizes the potential of this market and is excited to offer its services to customers in Kazakhstan and CIS.

Financial Recovery Technologies Selected by BNY Mellon's Asset Servicing Business to Power its Settled Class Actions Recovery Program

Retrieved on: 
Monday, April 24, 2023

MEDFORD, Mass., April 24, 2023 /PRNewswire/ -- Financial Recovery Technologies (FRT), the leading global securities class actions recovery provider, today announced it will power the North American class action filing and recovery service for BNY Mellon's custody clients, including broader access to comprehensive non-U.S. alerts for global markets. This expands upon the alliance that was announced in 2021. 

Key Points: 
  • MEDFORD, Mass., April 24, 2023 /PRNewswire/ -- Financial Recovery Technologies (FRT), the leading global securities class actions recovery provider, today announced it will power the North American class action filing and recovery service for BNY Mellon's custody clients, including broader access to comprehensive non-U.S. alerts for global markets.
  • The announcement is the latest milestone in BNY Mellon's focus on building a digital-driven custody ecosystem for its clients to ensure resilient and scalable solutions.
  • "This partnership builds on a multi-year effort to provide the most comprehensive class action solution for BNY Mellon's custody clients," said Rob Adler, Chief Executive Officer at FRT.
  • "BNY Mellon and FRT made significant investments to automate and streamline the service, encompassing the entire lifecycle of the workflow."

Financial Recovery Technologies Selected by BNY Mellon's Asset Servicing Business to Power its Settled Class Actions Recovery Program

Retrieved on: 
Monday, April 24, 2023

MEDFORD, Mass., April 24, 2023 /PRNewswire/ -- Financial Recovery Technologies (FRT), the leading global securities class actions recovery provider, today announced it will power the North American class action filing and recovery service for BNY Mellon's custody clients, including broader access to comprehensive non-U.S. alerts for global markets. This expands upon the alliance that was announced in 2021. 

Key Points: 
  • MEDFORD, Mass., April 24, 2023 /PRNewswire/ -- Financial Recovery Technologies (FRT), the leading global securities class actions recovery provider, today announced it will power the North American class action filing and recovery service for BNY Mellon's custody clients, including broader access to comprehensive non-U.S. alerts for global markets.
  • The announcement is the latest milestone in BNY Mellon's focus on building a digital-driven custody ecosystem for its clients to ensure resilient and scalable solutions.
  • "This partnership builds on a multi-year effort to provide the most comprehensive class action solution for BNY Mellon's custody clients," said Rob Adler, Chief Executive Officer at FRT.
  • "BNY Mellon and FRT made significant investments to automate and streamline the service, encompassing the entire lifecycle of the workflow."

EdgeCo Holdings Announces Launch of AmericanTCSSM

Retrieved on: 
Tuesday, November 29, 2022

EdgeCo Holdings , LP (EdgeCo) is pleased to announce the launch of AmericanTCS SM, aligning the trust, custody and retirement operations EdgeCo has acquired since 2018 under a single brand.

Key Points: 
  • EdgeCo Holdings , LP (EdgeCo) is pleased to announce the launch of AmericanTCS SM, aligning the trust, custody and retirement operations EdgeCo has acquired since 2018 under a single brand.
  • EdgeCo Holdings CEO, Paul Schneider, explained the mission behind AmericanTCS, Nearly 57 million people dont have a traditional pension or retirement savings plan.
  • These are exciting times to be a part of our company, commented Tim Friday, Mid Atlantic Trust Company CEO and President of EdgeCo Holdings.
  • EdgeCo Holdings currently services approximately $150 billion in client assets under custody or administration and more than 10,000 financial advisors and 500 financial institutions.

BNY Mellon Launches New Digital Asset Custody Platform

Retrieved on: 
Tuesday, October 11, 2022

NEW YORK, Oct. 11, 2022 /PRNewswire/ -- BNY Mellon today announced that its Digital Asset Custody platform is live in the U.S. With select clients now able to hold and transfer bitcoin and ether, this milestone reinforces BNY Mellon's commitment to support client demand for a trusted provider of both traditional and digital asset servicing.

Key Points: 
  • In this spirit, BNY Mellon formed an enterprise Digital Assets Unit in 2021 to develop solutions for digital asset technology, with plans to launch the industry's first multi-asset platform that bridges digital and traditional asset custody.
  • "Touching more than 20% of the world's investable assets, BNY Mellon has the scale to reimagine financial markets through blockchain technology and digital assets," said Robin Vince, Chief Executive Officer and President at BNY Mellon.
  • "With Digital Asset Custody, we continue our journey of trust and innovation into the evolving digital assets space, while embracing leading technology and collaborating with fintechs," said Roman Regelman, CEO of Securities Services & Digital at BNY Mellon.
  • "As the world's largest custodian, BNY Mellon is the natural provider to create a safe and secure Digital Asset Custody Platform for institutional clients," said Caroline Butler, CEO of Custody Services at BNY Mellon.

BNY Mellon Launches New Digital Asset Custody Platform

Retrieved on: 
Tuesday, October 11, 2022

NEW YORK, Oct. 11, 2022 /PRNewswire/ -- BNY Mellon today announced that its Digital Asset Custody platform is live in the U.S. With select clients now able to hold and transfer bitcoin and ether, this milestone reinforces BNY Mellon's commitment to support client demand for a trusted provider of both traditional and digital asset servicing.

Key Points: 
  • In this spirit, BNY Mellon formed an enterprise Digital Assets Unit in 2021 to develop solutions for digital asset technology, with plans to launch the industry's first multi-asset platform that bridges digital and traditional asset custody.
  • "Touching more than 20% of the world's investable assets, BNY Mellon has the scale to reimagine financial markets through blockchain technology and digital assets," said Robin Vince, Chief Executive Officer and President at BNY Mellon.
  • "With Digital Asset Custody, we continue our journey of trust and innovation into the evolving digital assets space, while embracing leading technology and collaborating with fintechs," said Roman Regelman, CEO of Securities Services & Digital at BNY Mellon.
  • "As the world's largest custodian, BNY Mellon is the natural provider to create a safe and secure Digital Asset Custody Platform for institutional clients," said Caroline Butler, CEO of Custody Services at BNY Mellon.

FTX Exchange FZE Receives Dubai's First Virtual Asset Service Provider MVP Licence from the Virtual Assets Regulatory Authority

Retrieved on: 
Friday, July 29, 2022

DUBAI, United Arab Emirates, July 29, 2022 /PRNewswire/ -- FTX Exchange FZE, today announced that it has received approval to enter Dubai's 'Minimum Viable Product' (MVP) programme for Virtual Assets under the world's only specialist regime for this sector operated by the Virtual Asset Regulatory Authority (VARA).

Key Points: 
  • DUBAI, United Arab Emirates, July 29, 2022 /PRNewswire/ -- FTX Exchange FZE, today announced that it has received approval to enter Dubai's 'Minimum Viable Product' (MVP) programme for Virtual Assets under the world's only specialist regime for this sector operated by the Virtual Asset Regulatory Authority (VARA).
  • As a subsidiary of FTX Europe, FTX Exchange FZE (FTX) becomes the first Virtual Asset Service Provider (VASP) to receive this MVP licence to operate its Virtual Asset (VA) Exchange and Clearing House services in Dubai, United Arab Emirates.
  • Mohammad Hans Dastmaltchi, Chairman of the Board of FTX Exchange FZE, adds, "We are honored to be the inaugural MVP licence holder of the esteemed VARA Ecosystem.
  • FTX Exchange FZE is a subsidiary of FTX Europe and the Middle East division of FTX, a cryptocurrency exchange built by traders, for traders.

FTX Exchange FZE Receives Dubai's First Virtual Asset Service Provider MVP Licence from the Virtual Assets Regulatory Authority

Retrieved on: 
Friday, July 29, 2022

DUBAI, United Arab Emirates, July 29, 2022 /PRNewswire/ -- FTX Exchange FZE, today announced that it has received approval to enter Dubai's 'Minimum Viable Product' (MVP) programme for Virtual Assets under the world's only specialist regime for this sector operated by the Virtual Asset Regulatory Authority (VARA).

Key Points: 
  • DUBAI, United Arab Emirates, July 29, 2022 /PRNewswire/ -- FTX Exchange FZE, today announced that it has received approval to enter Dubai's 'Minimum Viable Product' (MVP) programme for Virtual Assets under the world's only specialist regime for this sector operated by the Virtual Asset Regulatory Authority (VARA).
  • As a subsidiary of FTX Europe, FTX Exchange FZE (FTX) becomes the first Virtual Asset Service Provider (VASP) to receive this MVP licence to operate its Virtual Asset (VA) Exchange and Clearing House services in Dubai, United Arab Emirates.
  • Mohammad Hans Dastmaltchi, Chairman of the Board of FTX Exchange FZE, adds, "We are honored to be the inaugural MVP licence holder of the esteemed VARA Ecosystem.
  • FTX Exchange FZE is a subsidiary of FTX Europe and the Middle East division of FTX, a cryptocurrency exchange built by traders, for traders.