Latest news with #MiFID
Business Upturn
2 days ago
- Business
- Business Upturn
Delta Capita Acquires DTCC's Report Hub to expand Pre- and Post-Trade Reporting Solutions
Business Wire India Delta Capita, a leading global capital markets managed services, technology and consulting provider, has acquired the Report Hub pre- and post-trade reporting solution from The Depository Trust & Clearing Corporation (DTCC), adding to its growing portfolio of solutions for OTC Derivatives and Securities Operations. Report Hub provides a highly efficient solution for pre- and post-trade reporting, helping firms manage the complexities of global regulatory reporting mandates in eight global jurisdictions and 14 regulatory regimes, including EMIR, MiFID, SFTR, MAS, ASIC and CFTC. This acquisition extends Delta Capita's client base to nearly 250 institutional clients globally including banks, hedge funds assets managers across Europe, APAC and North America and accelerates Delta Capita's vision to deliver managed services and technology in complex operational areas across the financial services industry. Joe Channer, CEO at Delta Capita, commented: 'Through further investment and innovation we expect Report Hub to become the industry's first choice for multi-jurisdictional pre-reporting and post-reporting obligations. Combined with our regulatory operations and advisory capabilities, Delta Capita now offers a complete range of services to support clients regulatory reporting, accelerating our strategy for delivering mutualised managed services across the capital markets value chain.' Mark Aldous, Global Head of Capital Markets Managed Services at Delta Capita, stated: 'The acquisition of the industry's leading pre- and post-trade reporting tool complements our deep expertise in trade reporting, enabling us to meet our clients' requirements across technology and managed services to advisory and regulatory reporting operations. Report Hub complements Delta Capita's existing range of specialist managed services and technologies across derivatives and structured products, post-trade, market infrastructure, pricing and risk, and KYC services.' This milestone builds on Delta Capita's recent successes, including strategic acquisitions and advancements in capital markets technology. It further solidifies Delta Capita's role as a trusted partner to global financial institutions seeking scalable, efficient solutions in an ever-evolving market, and follows HSBC's selection of Delta Capita to deliver OTC derivatives confirmation and settlement services globally under a multi-year agreement announced earlier this year. Find out more about Delta Capita's regulatory reporting offering here: About Delta Capita Delta Capita is a leading global capital markets managed services, technology and consulting provider. With a team of over 1,500 professionals across Europe, Asia, and the Americas, Delta Capita specialises in delivering multi-client managed services by integrating advanced technology, skilled talent, and robust infrastructure. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same. Ahmedabad Plane Crash
Business Wire
3 days ago
- Business
- Business Wire
Delta Capita Acquires DTCC's Report Hub to expand Pre- and Post-Trade Reporting Solutions
LONDON--(BUSINESS WIRE)-- Delta Capita, a leading global capital markets managed services, technology and consulting provider, has acquired the Report Hub pre- and post-trade reporting solution from The Depository Trust & Clearing Corporation (DTCC), adding to its growing portfolio of solutions for OTC Derivatives and Securities Operations. Report Hub provides a highly efficient solution for pre- and post-trade reporting, helping firms manage the complexities of global regulatory reporting mandates in eight global jurisdictions and 14 regulatory regimes, including EMIR, MiFID, SFTR, MAS, ASIC and CFTC. This acquisition extends Delta Capita's client base to nearly 250 institutional clients globally including banks, hedge funds assets managers across Europe, APAC and North America and accelerates Delta Capita's vision to deliver managed services and technology in complex operational areas across the financial services industry. Joe Channer, CEO at Delta Capita, commented: 'Through further investment and innovation we expect Report Hub to become the industry's first choice for multi-jurisdictional pre-reporting and post-reporting obligations. Combined with our regulatory operations and advisory capabilities, Delta Capita now offers a complete range of services to support clients regulatory reporting, accelerating our strategy for delivering mutualised managed services across the capital markets value chain.' Mark Aldous, Global Head of Capital Markets Managed Services at Delta Capita, stated: 'The acquisition of the industry's leading pre- and post-trade reporting tool complements our deep expertise in trade reporting, enabling us to meet our clients' requirements across technology and managed services to advisory and regulatory reporting operations. Report Hub complements Delta Capita's existing range of specialist managed services and technologies across derivatives and structured products, post-trade, market infrastructure, pricing and risk, and KYC services.' This milestone builds on Delta Capita's recent successes, including strategic acquisitions and advancements in capital markets technology. It further solidifies Delta Capita's role as a trusted partner to global financial institutions seeking scalable, efficient solutions in an ever-evolving market, and follows HSBC's selection of Delta Capita to deliver OTC derivatives confirmation and settlement services globally under a multi-year agreement announced earlier this year. Find out more about Delta Capita's regulatory reporting offering here: About Delta Capita Delta Capita is a leading global capital markets managed services, technology and consulting provider. With a team of over 1,500 professionals across Europe, Asia, and the Americas, Delta Capita specialises in delivering multi-client managed services by integrating advanced technology, skilled talent, and robust infrastructure.
Yahoo
24-07-2025
- Business
- Yahoo
Crypto Asset Manager CoinShares Secures EU-Wide MiCA License
CoinShares (CS) said it received a license under the European Union's Markets in Crypto Assets (MiCA) regulation, the first crypto asset manager based in continental Europe to qualify. The approval allows the Saint Helier, Jersey-based firm to offer crypto portfolio management services across the 27-nation bloc under a single, harmonized regulatory framework. Operations are already passported to countries including Germany, the Netherlands and Luxembourg, and it may expand further, the company said. The license, granted by France's Autorité des Marchés Financiers (AMF), joins CoinShares' existing permissions under the EU's MiFID and AIFM directives. That, the company says, makes it the only major European asset manager to hold all three credentials. It's a step the firm says could help open the 33 trillion euro ($38.7 trillion) European asset management industry to more fully regulated cryptocurrency investment products. 'Receiving MiCA authorisation from the AMF is a pivotal milestone, not just for CoinShares, but for the entire European digital asset industry,' CEO Jean-Marie Mognetti said in the statement. 'With MiCA, we now have a clear, harmonized structure across the EU, and CoinShares is proud to be the first in continental Europe to meet that standard as a fully regulated asset manager." Various other cryptocurrency firms, it's worth adding, have secured MiCA licenses, including exchanges Coinbase, Bybit, OKX, and Founded in 2013 and publicly traded on Nasdaq Stockholm, CoinShares says it manages over $9 billion in assets. The company's shares rose 1.7% to 120 krona ($12.66). They're up more than 46% year-to-date. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-07-2025
- Business
- Yahoo
Robinhood's Tenev confirms EU probe, reaffirms stock tokens on Bloomberg TV
-- Robinhood Markets Inc (NASDAQ:HOOD) CEO Vlad Tenev on Tuesday defended the company's foray into tokenized equity offerings, describing it as a transformative step for capital markets and underscoring efforts to satisfy European regulators. Speaking to Bloomberg TV, Tenev outlined the mechanics of new derivative-based stock tokens that provide exposure to over 200 publicly listed companies in the EU, and pointed to broader ambitions to unlock retail access to private firms in the U.S. and UK. The products are now live across the European Union under Lithuania's regulatory purview, where officials have opened an inquiry into the structure and compliance footing of the offering. 'I think they have some questions. You know, they want to make sure that everything is proper, because it's a new, innovative offering, and we're confident,' Tenev said, noting that Robinhood is committed to transparency and welcomes regulatory scrutiny. The stock tokens are legally classified as derivatives under the EU's MiFID and MiCA frameworks and are not direct representations of equity ownership. Instead, they are backed by traditional custody arrangements, typically a U.S. broker, that facilitate token issuance and redemption through a mint-and-burn mechanism designed to mirror price exposure to the underlying asset. Valuation of the tokens tied to private companies remains a more complex issue, hinging on negotiated secondary market trades often limited to institutional or high net worth participants. 'There is a secondary market for private assets... what this would do is it would unlock that, so it's not just the high net worth institutional market, but it unlocks it to retail exposure as well,' Tenev explained, portraying the move as a democratization of capital access. Robinhood debuted the effort with a promotional giveaway, $1 million worth of OpenAI token exposure and $500,000 of SpaceX, to 'test the waters.' Since the pilot, the firm has received a wave of inbound interest from private companies seeking similar exposure. 'I've had a deluge of inquiries private companies that actually want to access retail, to have their shares tokenized,' Tenev said. Despite momentum in the EU, Robinhood's crypto-token equity products are not yet available in the U.K. or U.S., markets with more entrenched regulatory systems and higher institutional inertia. However, talks with relevant authorities are underway, and Tenev expressed optimism about U.S. adoption in particular. 'Chairman Atkins of the SEC gave an interview about tokenization. He called it a great innovation, and we agree with that.' Tenev stopped short of providing a specific launch timeline for the U.K. or U.S., cautioning that entrenched legacy infrastructure may drag on adoption. 'We haven't even fully moved off of mainframe in the U.S., so I think it could take time,' he said, though he maintains that Robinhood's recent product push could help accelerate regulatory openness to this model. The crypto-powered instruments aim to address liquidity frictions and limited accessibility that have long plagued retail market participants, especially where private equity is concerned. By combining digital rails with traditional financial safeguards, Robinhood is betting that tokenized equities could become the next frontier in hybrid asset innovation. Related articles Robinhood's Tenev confirms EU probe, reaffirms stock tokens on Bloomberg TV EU nears US trade deal with Airbus exemptions, Ferrari left out - Bloomberg Morgan Stanley cuts Ciena as profit lags AI revenue gains Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
25-06-2025
- Business
- Business Wire
Kraken Secures MiCA License from Central Bank of Ireland, Cementing Leadership in European Crypto Markets
DUBLIN--(BUSINESS WIRE)--Kraken, a technology platform built on crypto, today announced it has been granted a license under the European Union's Markets in Crypto-Assets Regulation (MiCA) by the Central Bank of Ireland. The license marks a pivotal milestone in Kraken's European expansion, unlocking the ability to scale faster across the region by offering regulated services and engaging directly with clients across all of the European Economic Area. Kraken has spent the past several years building a regulatory and operational foundation designed to scale globally — enabling the company to quickly capitalize on growth opportunities as new regulatory frameworks take shape around the world. MiCA builds on this foundation, enabling unified passporting and pan-European service delivery — significantly expanding Kraken's market reach. "Securing a license from the Central Bank of Ireland, with its long heritage and experience as a rigorous financial regulator, isn't just about compliance. It's a powerful signal of Kraken's commitment to expanding the crypto ecosystem through responsible innovation,' said Arjun Sethi, co-CEO of Kraken. 'Being the first major global crypto platform to receive authorization from the CBI affirms Kraken's commitment to building for the long term. We believe trust is the most valuable currency in crypto, and it's something you earn. Over the past several years, our team has worked tirelessly to meet the CBI's gold standard regulatory expectations. This license reflects that effort and places us in a strong position to expand our product offering, grow our institutional and retail client base, and deliver secure, accessible, and fully regulated crypto services to millions more people across the EU. 'We're deeply grateful to the Central Bank of Ireland for its professionalism, and to the Irish Government and IDA for their consistent support. This collaboration is a blueprint for how public and private sectors can work together to build a more secure, innovative financial future for Europe, and we're proud to be leading the way." Expanding on a Strong Foundation Kraken already holds Virtual Asset Service Provider (VASP) registrations in key European markets including Ireland, Belgium, France, Italy, the Netherlands, Poland and Spain. The company has long been a leading force in euro-denominated crypto trading, having introduced the first BTC/EUR trading pair in 2013. Today, Kraken's platform is the most liquid and trusted for euro trading, reflecting its deep roots in the region. The euro now accounts for 17.5% of global fiat spot crypto trading volume, more than doubling compared to a year earlier — a clear indicator of the growing prominence of European markets. With the MiCA license now in place — alongside MiFID and EMI licenses already secured by the group — Kraken is able to extend its regulated offering to millions of clients across the EU. Together, these licenses support significant growth opportunities across retail, professional, and institutional client segments, including in spot trading, derivatives and payments. For clients, MiCA provides added assurance that Kraken's services adhere to a consistent, EU-wide set of regulatory standards — including stronger consumer protections, increased transparency, and robust oversight — formalizing the high standards Kraken has long upheld and reinforcing long-term trust in the market. Built for Scale and Compliance In recent years, Kraken has laid the groundwork to lead under MiCA by expanding its operational, product, and regulatory footprint across Europe: Expanded geographic reach through the acquisition of Dutch crypto broker BCM (2024), enabling direct access to key EU markets. Launched MiFID II-regulated derivatives, offering compliant futures trading for sophisticated European clients. Broadened asset capabilities via the acquisition of NinjaTrader (2025), paving the way to integrate traditional finance derivatives. Partnered with Mastercard, paving the way for Kraken clients across the UK and Europe to soon spend their crypto assets at over 150 million merchants worldwide. Deployed Kraken Embed, a turnkey Crypto-as-a-Service solution, now live with Dutch neobank bunq. Kraken will continue to invest in localized experiences, partnerships, and talent across Europe to meet the diverse needs of local markets. With the MiCA regime now in effect, Kraken is entering its next phase of European expansion — delivering trusted, innovative, and compliant crypto services to users across the continent. About Kraken Kraken is a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom — for the crypto economy and beyond. Millions of individuals, professional traders, and institutions around the world use Kraken to trade digital and traditional assets, including cryptocurrencies, national currencies, U.S. futures, and U.S.-listed stocks and ETFs. Kraken markets can be monitored and traded via the web or through the Kraken and Kraken Pro iOS and Android apps. Futures platforms by NinjaTrader, a Kraken company, are available on desktop, web, and mobile via
