Walkers (law firm)

Credora Obtains Bermuda Digital Asset Business License

Retrieved on: 
Monday, August 28, 2023

NEW YORK, Aug. 28, 2023 /PRNewswire/ -- Credora, the lending and credit intelligence infrastructure provider, today announced that it has received a Bermuda Class M Digital Asset Business License. Bermuda is a leader in the digital asset space and has a clear regulatory framework for varying types of digital asset businesses. The Class M License provides the optimal environment for new and innovative models seeking regulatory guidance. 

Key Points: 
  • Credora announces plans to provide collateralized agency lending through newly licensed Bermuda subsidiary, expanding marketplace offering for institutions
    NEW YORK, Aug. 28, 2023 /PRNewswire/ -- Credora, the lending and credit intelligence infrastructure provider, today announced that it has received a Bermuda Class M Digital Asset Business License.
  • Bermuda is a leader in the digital asset space and has a clear regulatory framework for varying types of digital asset businesses.
  • Through the license, Credora plans to serve a larger global customer base and extend the company's regulated presence, which includes existing Credora subsidiary MSB registrations in Canada.
  • Although it has been a challenging environment for digital asset lending, we value the BMA's support for more transparent business models, and shared interest in making digital asset lending more secure for all participants."

TENEO ACQUIRES KPMG'S RESTRUCTURING BUSINESS IN BERMUDA

Retrieved on: 
Monday, March 28, 2022

NEW YORK and LONDON and HONG KONG, March 28, 2022 /PRNewswire/ -- Teneo, the global CEO advisory firm, today announced the acquisition of KPMG's restructuring business in Bermuda. The transaction further extends the range of market-leading services provided by Teneo's global Financial Advisory business.

Key Points: 
  • NEW YORK and LONDON and HONG KONG, March 28, 2022 /PRNewswire/ -- Teneo, the global CEO advisory firm, today announced the acquisition of KPMG's restructuring business in Bermuda.
  • As part of the transaction, Mike Morrison, the former CEO of KPMG in Bermuda, has joined Teneo as Co-Chair, International Financial Centres.
  • Charles Thresh, former Head of Advisory for KPMG in Bermuda, has also joined Teneo as Head of Financial Advisory, Bermuda.
  • Teneo's global Financial Advisory business now includes more than 350 professionals, delivering full-service solutions for cross-border restructuring and insolvency assignments in key markets around the world.

BlockFi Selects Bermuda to Expand Global Operations Footprint with New Digital Asset Business License

Retrieved on: 
Monday, January 24, 2022

HAMILTON, Bermuda, Jan. 24, 2022 /PRNewswire/ -- BlockFi, a crypto financial services company, is pleased to announce that the Bermuda Monetary Authority has granted its Bermuda subsidiary, BlockFi International Ltd., a "Class F" Digital Assets Business License.

Key Points: 
  • HAMILTON, Bermuda, Jan. 24, 2022 /PRNewswire/ -- BlockFi, a crypto financial services company, is pleased to announce that the Bermuda Monetary Authority has granted its Bermuda subsidiary, BlockFi International Ltd., a "Class F" Digital Assets Business License.
  • "This license and the sound regulatory framework that Bermuda provides are a strong fit for our global business and our ambitions for the future," said Zac Prince, CEO and Founder of BlockFi.
  • "I applaud BlockFi on its successful receipt of a Class F Digital Asset Business License and welcome its establishment of operations in Bermuda," said the Hon.
  • BlockFi International Ltd. is licensed to conduct digital asset business by the Bermuda Monetary Authority.

TENEO ACQUIRES KPMG'S CAYMAN AND BRITISH VIRGIN ISLANDS RESTRUCTURING BUSINESS

Retrieved on: 
Wednesday, January 5, 2022

NEW YORK, LONDON and HONG KONG, Jan. 5, 2022 /PRNewswire/ -- Teneo, the global CEO advisory firm, today announced the acquisition of KPMG's Cayman and British Virgin Islands ('BVI') restructuring business.

Key Points: 
  • NEW YORK, LONDON and HONG KONG, Jan. 5, 2022 /PRNewswire/ -- Teneo, the global CEO advisory firm, today announced the acquisition of KPMG's Cayman and British Virgin Islands ('BVI') restructuring business.
  • KPMG's Cayman and BVI restructuring business, comprising over 25 professionals, will add specialist expertise in local and international restructuring, insolvency, e-Discovery and forensic technology services to Teneo's global Financial Advisory offering.
  • As part of the transaction, Kris Beighton, the former leader of KPMG's Cayman and BVI restructuring business, will join Teneo as Chairman of Teneo's offshore restructuring business.
  • Daniel Butters, CEO of Teneo's Financial Advisory business,said: "The acquisition of KPMG's Cayman and BVI restructuring business represents the next milestone on our journey to build the leading global restructuring practice and wider financial advisory offering.