Search results for Baillie Gifford
Crypto
BNY to move transfer agent records on-chain amid broader blockchain push
BNY is shifting transfer agent operations that manage fund ownership records and investor transactions to a blockchain-based platform. The move would place fund ownership records on-chain as part of expanding the conversion of core financial infrastructure to digital assets. The bank plans to run the new platform alongside existing transfer agent services. It aims to create a single shared record that market participants can reference and reduce reliance on separate databases and manual reconciliations.
Industry
SK hynix set to raise up to 43 trillion won from Nasdaq ADR listing
SK hynix is set to list American depositary receipts on Nasdaq on July 10 local time, aiming to raise up to about 43 trillion won, or around $28 billion. It will issue 17.79 million new ADRs under a 10-to-1 structure, trading as SKHY. Strong institutional demand has been reported. The company plans to use proceeds for major facility investment including fabs, advanced packaging and EUV tools, while pursuing shareholder returns.
AI & Enterprise
Anthropic raises $65 billion in Series H round, valuation rises to $965 billion
Anthropic raised $65 billion in a Series H funding round, lifting its valuation to $965 billion. TechCrunch reported the fundraising is likely to be the company’s last financing before an IPO. The round was co-led by Altimeter Capital, Dragoneer, Greenoaks, Sequoia Capital, Capital Group, Coatue and D1 Capital Partners, with other institutional investors participating. Samsung, SK Hynix and Micron also joined. Anthropic said it will use the funds to expand safety and interpretability research, increase computing and expand products and partnerships.
