{"id":21646,"date":"2022-03-23T17:10:38","date_gmt":"2022-03-23T16:10:38","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=21646"},"modified":"2022-03-23T17:10:46","modified_gmt":"2022-03-23T16:10:46","slug":"cowen-bank-launches-crypto-unit-cowen-digital","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/cowen-bank-launches-crypto-unit-cowen-digital\/","title":{"rendered":"Cowen investment bank launches new crypto division dubbed Cowen Digital"},"content":{"rendered":"\n
Cowen, an independent investment bank <\/a>in the United States, has officially created a cryptocurrency and digital asset section. The division came to life as a result of Cowen's partnership with PolySign, Standard Custody and Trust Company.<\/h5>\n\n\n\n
\"Cowen
Cowen investment bank launches new crypto division dubbed Cowen Digital<\/figcaption><\/figure><\/div>\n\n\n\n

Cowen has partnered with PolySign's cold storage subsidiary, Standard Custody and Trust Company, to develop the new crypto business. According to the release, the bank is also a client of Digital Prime Technologies, a brokerage solution-focused corporation that provides business and compliance services.<\/p>\n\n\n\n

Cowen Digital, the firm's new division, will provide full-service trade execution and custody for cryptocurrencies such as Bitcoin (BTC)<\/a> and other digital assets for institutional investors, according to the firm's announcement on Wednesday.<\/mark>\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/p>\n\n\n\n

Cowen first revealed its intentions to enter the crypto custody market in May 2021, through a relationship with Standard Custody and Trust Company. Ripple also put $25 million into Standard's parent firm, PolySign, which was co-founded by David Schwartz, Ripple's chief technology officer.<\/p>\n\n\n\n

About Cowen Digital<\/h2>\n\n\n\n

Cowen has spent the last 15 months establishing the infrastructure and processes needed to launch Cowen Digital, according to the statement.<\/p>\n\n\n\n

Cowen is a significant investment bank in the United States, with roughly $16 billion in assets as of late 2021. Cowen CEO Jeffrey M. Solomon stated that the firm is committed to surpassing its clients by “staying at the forefront of innovation.<\/a>“<\/p>\n\n\n\n

\u201cThrough Cowen Digital, our clients now have access to the crypto and digital asset markets with our institutional quality and fully integrated end-to-end execution and custody capabilities.\u201d<\/p><\/blockquote>\n\n\n\n

Cowen Digital's future functions will include options and futures, financing solutions, institutional tools for managing decentralized finance, and nonfungible tokens<\/a>, according to the company.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cowen, an independent investment bank in the United States, has officially created a cryptocurrency and digital asset section. The division came to life as a result of Cowen’s partnership with PolySign, Standard Custody and Trust Company. Cowen has partnered with PolySign’s cold storage subsidiary, Standard Custody and Trust Company, to develop the new crypto business. […]<\/p>\n","protected":false},"author":12,"featured_media":21652,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,21],"tags":[7264,8283,8282,5511],"class_list":["post-21646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","category-news","tag-banks-2","tag-cowen-digital","tag-cowen-investment-bank","tag-digital-assets-3"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/image-160.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/21646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=21646"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/21646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/21652"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=21646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=21646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=21646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}