DRW

Hashnote Elevates Collateral Efficiency for PayPal USD With Paxos

Retrieved on: 
Tuesday, March 26, 2024
Software, Banking, Networks, Accounting, Internet, Professional Services, Blockchain, Fintech, Technology, Other Professional Services, Finance, Other Technology, United States Treasury security, Commodity pool operator, Cayman Islands, CPO, Partnership, DRW, Financial services, CFTC, Paxos Trust Company, CIMA, Paxos, PayPal, Treasury, Cryptocurrency

USYC token yield is backed by investment in US Treasury Bills, repurchase (repo), and reverse repurchase (reverse-repo) agreements.

Key Points: 
  • USYC token yield is backed by investment in US Treasury Bills, repurchase (repo), and reverse repurchase (reverse-repo) agreements.
  • Earlier in 2023, Paxos expanded its product lineup to include PayPal USD (PYUSD).
  • The partnership between Hashnote and Paxos substantially raises the cap on immediate minting and redemption, ensuring sufficient liquidity for even the largest institutions.
  • The Paxos and Hashnote partnership embodies a collaboration between companies focused on cryptocurrencies within a regulatory and security framework that benefits customers globally.

 Hashnote Partners with CoinDesk Indices to Launch the Hashnote CoinDesk 20 Fund, Providing Access to the Leading Digital Asset Class Benchmark

Retrieved on: 
Tuesday, March 19, 2024
Banking, Networks, Internet, Professional Services, Blockchain, Technology, Small Business, Other Professional Services, Cryptocurrency, Finance, Other Technology, Consulting, Bitcoin, Dogecoin, Growth, Partnership, DRW, CD20, CMI, Index, CoinDesk, ETF

This collaboration introduces the Hashnote CoinDesk 20 Fund, designed to track the CoinDesk 20 Index (CD20), a highly traded, global digital asset benchmark.

Key Points: 
  • This collaboration introduces the Hashnote CoinDesk 20 Fund, designed to track the CoinDesk 20 Index (CD20), a highly traded, global digital asset benchmark.
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    “Launching the Hashnote CoinDesk 20 Fund marks a pivotal step in providing investors with a regulated avenue to the digital assets market.
  • Simultaneously, Bullish , the fastest-growing regulated digital asset exchange, launched a new perpetual futures contract based on the CoinDesk 20 Index.
  • Hashnote will now provide regulated and compliant access to the CoinDesk 20, catering to investors seeking digital asset diversification beyond bitcoin.

The Canton Network Completes the Most Comprehensive Blockchain Pilot to Date for Tokenized Real World Assets

Retrieved on: 
Tuesday, March 12, 2024
Online Privacy, Technology, Finance, Fintech, Banking, Professional Services, Digital Cash Management, Digital Assets, Blockchain, Asset Management, Microsoft, Commerzbank, Visa, Entrepreneurship, Goldman Sachs, Broadridge Financial Solutions, Pirum, Risk, DRW, IEX, Wellington Management Company, EquiLend, Cboe Global Markets, DTCC, Harvest Fund Management, Standard Chartered, BNP Paribas, BNY Mellon, Privacy, State Street, Digital asset, Cryptocurrency

It also demonstrated the potential benefits of using such a network to reduce counterparty and settlement risk, optimize capital, and enable intraday margin cycles.

Key Points: 
  • It also demonstrated the potential benefits of using such a network to reduce counterparty and settlement risk, optimize capital, and enable intraday margin cycles.
  • The pilot showed the potential of the Canton Network to reduce costs, risks, and inefficiencies, while striving to meet regulatory requirements for the issuance, transfer, and settlement of tokenized traditional assets.
  • “The pilot program marks an important milestone for the Canton Network,” said Yuval Rooz, CEO and Co-Founder of Digital Asset.
  • Digital Asset provided the technology and guidance to support the pilot and is one of the technology and infrastructure providers for the Canton Network.

Copper Integrates Hashnote’s USYC on the Copper Platform for Custody.

Retrieved on: 
Monday, February 12, 2024
Blockchain, Internet, Cryptocurrency, Finance, Data Management, Professional Services, Technology, Digital Cash Management, Digital Assets, United States Treasury security, CPO, CFTC, CIMA, USDC, DRW

Copper will be providing custody support for Hashnote’s USYC on the Copper platform.

Key Points: 
  • Copper will be providing custody support for Hashnote’s USYC on the Copper platform.
  • USYC, Hashnote's tokenized yield-bearing asset, is an innovative financial vehicle that invests in short-term U.S. Treasury Bills and primarily engages in repo-reverse repo activities.
  • It is designed to offer tokenized short-term risk-free rate returns, leveraging the benefits of rapid on-chain transaction speed, transparency, and composability.
  • Being part of the Copper platform does not just mean enhanced security; it also translates into increased accessibility and liquidity for Hashnote’s USYC.

Nasdaq Private Market Closes $62.4 Million Series B Financing, Led by Nasdaq, with New Investments from BNP Paribas, DRW Venture Capital, UBS, and Wells Fargo

Retrieved on: 
Thursday, February 8, 2024
Transfer, Partnership, NPM, SAN, Senior, Nasdaq Private Market, Environment, Digital, BNP Paribas, Investment banking, Settlement, Allen & Company, DRW, Goldman Sachs, Citigroup, UBS, Series, Wells Fargo, Cryptocurrency

The $62.4 million round was led by Nasdaq with participation from current investors including Allen & Company, Citi, and Goldman Sachs.

Key Points: 
  • The $62.4 million round was led by Nasdaq with participation from current investors including Allen & Company, Citi, and Goldman Sachs.
  • New investors in the Series B include BNP Paribas, DRW Venture Capital, UBS, and Wells Fargo.
  • NPM services some of the world’s most innovative private companies with their liquidity needs for employees and institutional investors.
  • Its Company Solutions business supports private companies using proprietary technology to facilitate tenders, auctions, and pre-direct listing programs.

CME Group and DTCC Launch Enhanced Treasury Cross-Margining Arrangement, Enabling Capital Efficiencies for Clearing Members

Retrieved on: 
Tuesday, January 23, 2024
FICC, United States Treasury security, Partnership, GSD, CME Group, DRW, DTCC, Security (finance)

CHICAGO and NEW YORK and LONDON and HONG KONG and SINGAPORE and SYDNEY, Jan. 23, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, and The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced their enhanced cross-margining arrangement has gone live, enabling capital efficiencies for clearing members that trade and clear both U.S. Treasury securities and CME Group Interest Rate futures.

Key Points: 
  • CHICAGO and NEW YORK and LONDON and HONG KONG and SINGAPORE and SYDNEY, Jan. 23, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, and The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced their enhanced cross-margining arrangement has gone live, enabling capital efficiencies for clearing members that trade and clear both U.S. Treasury securities and CME Group Interest Rate futures.
  • With the new arrangement implemented, eligible clearing members of CME Group and the Government Securities Division (GSD) of DTCC's Fixed Income Clearing Corporation (FICC) can now cross-margin an expanded suite of products, including CME Group SOFR futures, Ultra 10-Year U.S. Treasury Note futures and Ultra U.S. Treasury Bond futures, with FICC-cleared U.S. Treasury notes and bonds.
  • Repo transactions that have Treasury collateral with more than one year remaining to maturity will also be eligible for the enhanced cross-margining arrangement.
  • "We are continually seeking to make trading more efficient and cost effective for our clearing members," said Suzanne Sprague, CME Group Global Head of Clearing and Post-Trade Services.

DelSiTech Announces Closing of EUR 10 Million Financing Round to Advance its Silica-Based Drug Delivery Technology Platform

Retrieved on: 
Tuesday, January 16, 2024
Patient, Drug development, Virus, DRW, Growth

Funds will be used to advance its proprietary, silica-based, drug delivery technology platform towards the clinic and further build DelSiTech

Key Points: 
  • Funds will be used to advance its proprietary, silica-based, drug delivery technology platform towards the clinic and further build DelSiTech
    TURKU, Finland, Jan. 16, 2024 /PRNewswire/ -- Clinical-stage drug delivery and development company DelSiTech, today announces the successful completion of a EUR 10 million financing round, the largest single financing round in the Company's history.
  • "We welcome DRW and Tolmar to DelSiTech as new investors and strategic partners at an important time of growth and development."
  • "This financing marks a significant milestone on our journey as one of the world's leading drug delivery technology providers, with an attractive internal pipeline of controlled release drug products based on Silica Matrix.
  • In addition, we are confident that this investment will lead to profitable growth by further leveraging DelSiTech's differentiated technology platform."

DelSiTech Announces Closing of EUR 10 Million Financing Round to Advance its Silica-Based Drug Delivery Technology Platform

Retrieved on: 
Tuesday, January 16, 2024
Patient, Drug development, Virus, DRW, Growth

Funds will be used to advance its proprietary, silica-based, drug delivery technology platform towards the clinic and further build DelSiTech

Key Points: 
  • Funds will be used to advance its proprietary, silica-based, drug delivery technology platform towards the clinic and further build DelSiTech
    TURKU, Finland, Jan. 16, 2024 /PRNewswire/ -- Clinical-stage drug delivery and development company DelSiTech, today announces the successful completion of a EUR 10 million financing round, the largest single financing round in the Company's history.
  • "We welcome DRW and Tolmar to DelSiTech as new investors and strategic partners at an important time of growth and development."
  • "This financing marks a significant milestone on our journey as one of the world's leading drug delivery technology providers, with an attractive internal pipeline of controlled release drug products based on Silica Matrix.
  • In addition, we are confident that this investment will lead to profitable growth by further leveraging DelSiTech's differentiated technology platform."

AMN Healthcare to Acquire MSDR

Retrieved on: 
Monday, October 23, 2023
Knowledge, AMN, NYSE, Psychiatry, Acquisition, MSDR, MSI, Radiology, EPS, Income tax, Morgan Lewis, Wells Fargo, Hand, DRW, Sheppard, Mullin, Richter & Hampton, Patient, Anesthesia, Hospital

DALLAS, Oct. 23, 2023 (GLOBE NEWSWIRE) -- AMN Healthcare (NYSE: AMN), the leader and innovator in total talent solutions for healthcare organizations across the United States, today announced a definitive agreement to acquire MSDR for a purchase price of $300 million.

Key Points: 
  • DALLAS, Oct. 23, 2023 (GLOBE NEWSWIRE) -- AMN Healthcare (NYSE: AMN), the leader and innovator in total talent solutions for healthcare organizations across the United States, today announced a definitive agreement to acquire MSDR for a purchase price of $300 million.
  • MSDR consists of two healthcare staffing companies that specialize in locum tenens and advanced practices, Medical Search International (MSI) and DRW Healthcare Staffing (DRW).
  • MSI, founded in 2002, serves healthcare systems across the United States by placing high-quality healthcare professionals that specialize in psychiatry, anesthesia, radiology, and surgery.
  • “We are very excited to welcome the MSDR team into the AMN Healthcare family and expand the workforce solutions available to our clients across the country,” said AMN Healthcare President and Chief Executive Officer Cary Grace.

Accel Entertainment Names Mark Phelan President, U.S. Gaming

Retrieved on: 
Monday, October 9, 2023
Electronic Games, Casino, Gaming, General Entertainment, Entertainment, NYSE, Derivative, University, Mesirow Financial, Municipality, DRW Trading Group, U.S. Games, Research, Accel, DRW, Management

Accel Entertainment, Inc. (NYSE: ACEL) (“Accel”) today announced that Mark Phelan, Chief Revenue Officer, has been appointed to the newly created position of President, U.S. Gaming, effective October 6, 2023.

Key Points: 
  • Accel Entertainment, Inc. (NYSE: ACEL) (“Accel”) today announced that Mark Phelan, Chief Revenue Officer, has been appointed to the newly created position of President, U.S. Gaming, effective October 6, 2023.
  • Mr. Phelan will continue to oversee Accel’s business development as well as the company’s M&A strategy.
  • “Since joining Accel, Mark has been an exceptional leader of our sales and revenue team,” said President and CEO Andy Rubenstein.
  • Prior to joining Accel, Mark was Director of Research for SFG Asset Advisors.