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Crypto
BNY adds USDC minting and redemption to institutional custody platform
BNY has added Circle’s USDC minting and redemption functions to its digital asset custody platform for institutional clients. Clients can convert U.S. dollars into USDC through BNY and redeem USDC back into dollars. BNY said USDC is the first stablecoin supported on its platform and it plans to expand into other stablecoins and digital cash services. It also said it has $59.3 trillion in assets under custody and administration.
AI & Enterprise
NPCore to supply SOC Prime detection rule platform in South Korea
AI-based new and variant malware response solution provider NPCore said on Feb. 9 it has started full-scale sales in South Korea of SOC Prime, a global threat detection rule platform, as the country’s exclusive reseller from February. NPCore said it will supply the Prime platform to key domestic security operations environments and provide technical support and operating services. The company said SOC Prime provides detection rules within 24 hours of new cyberattacks.
AI & Enterprise
Industrial security startup Claroty raises $150 million
Industrial equipment security startup Claroty has raised $150 million in funding, SiliconANGLE reported on Jan. 22. The round was led by Golub Growth, with existing investors also participating. Claroty’s valuation increased 80 percent to $3 billion. Claroty provides technology that collects security data from devices isolated from networks by analyzing backup files. Its platform also detects vulnerabilities and intrusion attempts, and it plans to expand globally and pursue mergers and acquisitions.