Search results for Bermuda
Crypto
Plume wins Bermuda regulator licence to run institutional digital asset investment products
Plume Network’s unit Kimber Digital Asset Bermuda has obtained a Class M digital asset business licence from the Bermuda Monetary Authority, it said. The Class M licence is granted with conditions tailored to a specific model, scale and risk for a limited period and scope. The approval allows the unit to design investment policies, manage assets, and issue and distribute equity tokens under BMA supervision.
Crypto
OpenEden launches tokenised product linked to BNY Investments high-yield bond strategy
Real-world asset (RWA) tokenisation platform OpenEden launched HYBOND, its first tokenised product linked to a high-yield bond strategy managed by BNY Investments. The token is designed to provide 1-to-1 exposure to BNY Investments\' Global Short-Dated High-Yield Bond strategy, with BNY Investments managing the underlying assets. OpenEden said the launch expands options beyond cash-like assets and Treasury bonds to products with an early credit-risk return structure.
Crypto
STS Digital raises $30 million, targets institutional crypto options platform
Bermuda-based startup STS Digital has raised $30 million as it provides cryptocurrency options trading services for institutional investors during a market downturn. Fortune reported the round was led by venture investor CMT Digital, with participation from crypto exchange Kraken, venture firm Arrington Capital and Fidelity’s investment arm. STS Digital handles more than 400 crypto options contracts and also acts as a market maker to provide liquidity.
