Crypto Trading App Robinhood Now Worth $7.6B After Latest Funding Round

Investing, News | July 23, 2019 By:

Commission-free crypto investing app Robinhood has raised $323 million in its recent Series E financing round led by DST Global, with participation from Ribbit Capital, NEA, Sequoia, and Thrive Capital.

Robinhood offers a smartphone mobile app that allows individuals to invest in public companies and exchange-traded funds (ETF) listed on US stock exchanges without paying a commission.


Fidelity’s Crypto-Focused Spin-Off Applies For Trust License In New York

News, Regulation | July 22, 2019 By:

Fidelity Digital Assets (FDAS), the digital currency wing of US financial services giant Fidelity, has reportedly applied for a trust license at the New York Department of Financial Services (NYDFS).

Citing sources familiar with the matter, The Block reported that the trust license will allow FDAS to operate as a Limited Purpose Trust Company and provide crypto custodial services in New York.


Blockchain Telecom Solutions Planned By KPMG, Microsoft, TOMIA, And R3

Blockchain, News | July 22, 2019 By:

KPMG, a professional service company and one of the Big Four auditors, has teamed with software companies TOMIA, Microsoft, and R3 to create a blockchain-based settlement network for telecom companies.

In a press release, KPMG said that they are developing a blockchain solution to combat the cross-border and cross-network settlement challenges among telecom organizations that will multiply with 5G connectivity.


Anchorage Subsidiary Receives Approval To Launch Crypto Custody Service In South Dakota

News, Regulation | July 19, 2019 By:

Crypto firm Anchorage has announced that its new subsidiary Anchorage Trust Company has received a license from the state of South Dakota.

Founded in 2017, Anchorage claims to be the first crypto-native digital asset custodian for institutional investors. The Anchorage platform is engineered to help institutions better safeguard their investments while getting more out of their assets,