Cumberland

We are pleased to announce that Cumberland SG Pte. Ltd. has received in-principle approval for the Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS). We look forward to expanding our presence in this important region, bringing our disciplined approach to compliance, proven market expertise and commitment to the digital asset ecosystem to counterparties in Singapore and beyond. #MonetaryAuthorityofSingapore #CumberlandDRW #Singapore #digitalassets An in-principle approval (IPA) reflects MAS’ view that a license may be issued to the applicant upon the fulfilment of specified conditions and provided there are no material adverse developments affecting the applicant. An IPA does not constitute a license at this juncture. MAS reserves the right to rescind the IPA in circumstances where it considers appropriate.

Cumberland is proud to be a Founding Member of the Global Synchronizer Foundation (GSF). The GSF plays a pivotal role in fostering transparent governance and organizational neutrality for the framework driving the Canton Network. ? We are excited to work alongside key industry players to ensure the GSF paves the way for a more interconnected and interoperable financial ecosystem. ? Learn more about GSF and its mission: https://sync.global/ ? #Blockchain #DeFi #GlobalSynchronizer #GSF #CantonNetwork #FinancialEcosystem

Next week, Global Head of Cumberland Chris Zuehlke joins panelists for a Circle Executive Insights Live webinar to discuss the state of the USDC economy. They will cover: - Key trends and drivers from the latest USDC Economy Report - Use cases fueling mainstream stablecoin adoption, from digital asset markets to global payments - Opportunities ahead as stablecoins are brought closer inside the regulatory perimeter ? Learn more and register: https://lnkd.in/gQ4CkKJi

We’ll be in Singapore for TOKEN2049. Please reach out to [email protected] if you plan to attend as we’d love to connect with you. ?

Partner at DRW and Global Head of Cumberland Chris Zuehlke will take the stage next week at the 2024 Wyoming Blockchain Symposium. He will join panelists to discuss the future of financial market structure, and how building institutional-quality digital infrastructure can help accelerate adoption. Learn more about the event: https://lnkd.in/efxmpNv3

“You never want to think about what happens in the best-case scenario, but with stable coins, you want to think about what happens on a really bad day,” shared Paul Kremsky of Cumberland in a recent conversation with Nicholas Robnett of Paxos and Leo Mizuhara of Hashnote, with Tama Churchouse as a moderator. #RWA

Congratulations to RD Technologies on their successful admission to the Stablecoin Issuer Sandbox of the Hong Kong Monetary Authority (HKMA)! This significant milestone speaks volumes about your dedication, hard work, and commitment to innovation in the industry. We are excited about the opportunities this opens up for our continued collaboration. #RDTechnologies #HKDRStablecoin

Paul Kremsky of Cumberland on Hashnote's USYC - “Basically, it's a fund, a very TradFi, boring, excuse me, Leo [Leo Mizuhara], fund sitting with your reserves at a quality custodian. And that fund just happens to be tokenized by a regulated asset manager. And there's no layers in between. It's very clean, it's very simple. And then that product is also integrated throughout crypto so that it is actually very, very useful.”

Discover Nathalie’s journey from traditional banking to a dynamic role at Cumberland, the exciting day-to-day work involved as a Relationship Manager, and how she stays ahead of market trends to tailor services for diverse institutional counterparties. Learn more at https://lnkd.in/gq_cUPua ? #tradfi #crypto #cumberlanddrw

We are pleased that the New York State Department of Financial Services has granted Cumberland New York a BitLicense. We are deeply committed to working with regulators to obtain proper, necessary licensing and ensuring our business is compliant and aligned with regulatory requirements. As one of the only principal trading firms to hold a BitLicense, we look forward to strong trading relationships with institutional New York counterparties. Learn more: https://brnw.ch/21wKNmC