Blockchain
Calastone Appoints Dan Kramer as Vice Chairman to Lead American Expansion
Calastone, the largest global funds network, today announces the appointment of Dan Kramer as Vice Chairman, to be based in the firm’s New York office.
Kramer joins Calastone from BNY Mellon, where he held the position of EVP and Chief Client Experience Officer, managing all stages of customer experience across client service, insight and strategy. During this time, he was also a member of the CIBC Mellon Board. Prior to this, he spent eight years at JP Morgan Chase as Head of Fund Services.
Kramer will spearhead the firm’s strategy for expansion across the Americas, leveraging his more than thirty years of experience and expertise in the asset management and asset servicing industries.
Earlier this year, Calastone introduced its blockchain-enabled Distributed Market Infrastructure, creating the world’s largest financial community connected using distributed ledger technology.
Julien Hammerson, Calastone’s Chief Executive Officer, comments:
“I am delighted to welcome Dan to Calastone’s senior leadership team at a time when our business continues to grow from strength to strength. As a market leader we pride ourselves on bringing together the very best talent and experience in the industry and Dan’s appointment is hugely additive, bringing significant expertise of the American funds sector.”
“The Americas represent a significant growth opportunity for Calastone and Dan will be instrumental in directing our strategy for the region. Bringing our unique technology proposition to the Americas will mark a key inflection point for the ongoing success of our business worldwide.”
Commenting on his appointment, Kramer adds:
“I’m very excited to be joining Calastone at such a pivotal stage in its development. Calastone’s industry leading, innovative technology and first-class customer experience significantly reduces costs and generates better value for investors. This has been further enhanced by its blockchain-enabled Distributed Market Infrastructure (DMI).”
“In launching the DMI Calastone’s technology has delivered a step-change for the global funds industry, which for the first time can benefit from greater market efficiency, friction-free trading and lower costs for all participants. This is a unique proposition which I know can add significant value to the American funds markets which is the natural next step for the company’s growth.”
In his earlier career Kramer was EVP of Institutional Equities at Thomson Reuters (previously Thomson Financial), Global COO of DWS Investments, Managing Director at Merrill Lynch and Executive Director at Morgan Stanley. Kramer plays an active part in promoting gender diversity in the industry. In recognition of his efforts and achievements, Kramer was awarded the 2018 Champion of Women in Business Award by The Financial Times.
SOURCE Calastone
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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