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Custodia Bank and Vantage Bank Issue America’s First Bank-Issued Stablecoin On A Permissionless Blockchain

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First-ever tokenization of a U.S. bank’s demand deposits on a permissionless blockchain

CHEYENNE, Wyo., March 25, 2025 /PRNewswire/ — Custodia Bank, working with Vantage Bank, yesterday completed America’s first-ever tokenization of a bank’s U.S. dollar demand deposits on a permissionless blockchain by issuing, transferring and redeeming Avit™ stablecoins for a bank customer. A new U.S. dollar payment rail has now been activated inside the U.S. banking system, at a time when the global community is increasingly demanding U.S. dollar stablecoins for transactional use.

All parties to the series of test transactions observed several efficiencies, including low transaction costs, fast transaction settlement, programmability and auditability within a safe, compliant and regulated banking environment.

The banks collaborated on the mint, transfer and redemption of Avit tokens for a bank customer on the Ethereum mainnet using the ERC-20 standard. Parties transacted in eight stages, with Vantage Bank managing the stablecoin fiat reserves and providing Fedwire/ACH services. Custodia Bank managed blockchain issuance/redemption services, custody services, blockchain transaction monitoring and reconciliation using its Avit Management System. The eight stages included transfers by the bank customer of its Avit tokens into self-custody, transacting with its Avit tokens business-to-business outside the banking system, and transferring its Avit tokens back to Custodia Bank for redemption into U.S. dollar demand deposits.

The banks complied with all applicable U.S. bank regulatory requirements, including BSA/AML/OFAC, which necessitated designing documentation, policies and procedures that differ from those of current stablecoin issuers. Both banks worked closely with their respective bank regulators to ensure the success of this first-of-its-kind project.

“We broke ground on the legal/regulatory front, proving that U.S. banks can collaborate to tokenize demand deposits on a permissionless blockchain in a regulatorily-compliant manner,” said Caitlin Long, CEO of Custodia Bank. “Custodia looks forward to the reversal of U.S. regulatory obstacles that have stymied stablecoin innovation in recent years, so that American consumers can benefit from the substantial network effects and global reach of permissionless blockchain technologies.”

Jeff Sinnott, President and CEO of Vantage Bank said, “This event marks a pivotal moment in reshaping the financial landscape, demonstrating how blockchain and stablecoins can revolutionize payments. By executing this transaction, we’re empowering banks to lead responsibly in cross-border modernization, while also leveraging the strength of the U.S. Dollar and demonstrating regulators’ support for responsible innovation.”

The transactions deployed Custodia’s patent, U.S. patent 11392906 (issued July 2022), for the tokenization of U.S. dollar bank deposits on smart-contract type permissionless blockchains.

Media Contact: press@custodiabank.com

Avit™ is a trademark of Custodia Bank, Inc.

About Custodia: Custodia Bank, Inc. is a Wyoming bank formed to serve as a compliant bridge to the U.S. dollar payments system and a custodian of digital assets that can meet the strictest level of institutional custody standards. Custodia is required to fully comply with all applicable laws and regulations, including the Bank Secrecy Act and federal “know your customer,” anti-money laundering and related laws and regulations. Custodia also complies with Wyoming’s special purpose depository institution and digital asset laws, which include requirements that fiat deposits be 100% reserved and that Custodia meet the strictest investor protections in the digital asset industry. In 2022, the Federal Reserve deemed Custodia a depository institution eligible to maintain a Federal Reserve master account. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.

About Vantage Bank: Vantage Bank is prepared for what’s possible! We are dedicated to delivering sophisticated, innovative financial solutions while maintaining a strong commitment to the communities we serve. Headquartered in Texas, we operate across the state, with locations in Dallas, El Paso, Fort Worth, Houston, Laredo, the Rio Grande Valley, and San Antonio. Our suite of powerful digital tools and services rivals those offered by fintechs and similar non-bank financial services companies. We operate within a safe and sound environment—providing peace of mind and the financial security that only a regulated institution can offer. By integrating advanced technology with personalized service, Vantage Bank empowers individuals and businesses to achieve their financial goals while upholding the highest standards of compliance and community engagement.

View original content to download multimedia:https://www.prnewswire.com/news-releases/custodia-bank-and-vantage-bank-issue-americas-first-bank-issued-stablecoin-on-a-permissionless-blockchain-302410461.html

SOURCE Vantage Bank

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Bigdata.com launches Groundbreaking Agentic AI Platform for 24/7 Investment Monitoring and Daily Pre-Market Insights for Financial Professionals

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Trusted by 100+ global financial institutions, Bigdata.com’s new autonomous research agents solve complex tasks independently, continuously track portfolios and themes, and send tailored, comprehensive analyses before the market moves

NEW YORK, April 11, 2025 /PRNewswire/ — Bigdata.com, the AI research assistant built for financial professionals and powered by two decades of trusted data from RavenPack, today launched its new autonomous research agents to tackle one of the industry’s biggest challenges: real-time investment monitoring. These agents deliver personalized, round-the-clock tracking of key financial developments from premium data sources, giving investors an unmatched edge in fast-moving markets.

Investment professionals struggle with information overload, delayed data, poor content retrieval, and opaque knowledge from LLMs. Bigdata.com eliminates these pain points by enabling users to upload portfolios, track investments, and get instant, high-quality analysis from transparent, auditable sources in one place. Its AI agents conduct deep research, continuously monitor market trends, and generate personalized reports with pre-market actionable insights so users never miss a critical development.

The platform is shaped by feedback from over 10,000 investors and financial professionals. This launch marks a major step forward in agentic, personalized financial research, with support from 20 major global investment banks, 14 top-tier hedge funds, and 26 of the largest asset management firms across the world.

At the core of this enhanced experience is a suite of three new specialized agents tailored to meet the real-world demands of financial researchers:

Watchlists – Users can build customized watchlists with their portfolios and investment themes and get real-time updates and insights from billions of financial documents, including real-time price movements and sentiment analysis, through a chat interface. Watchlists can be shared within organizations for broader collaboration and smarter decision-making. Users can also monitor holdings of prominent investors like Warren Buffet or explore thematic portfolios built by RavenPack’s award-winning data science team.Briefs – Analyzes over 55,000 global news sources to deliver real-time, customized updates and analysis on chosen securities and themes. Users can subscribe to automated newsletters and market summaries to stay informed with curated, actionable insights, tailored to their portfolios, ensuring they never miss critical developments.Workflows – Templated workflows enable users to gather, analyze, and synthesize data for repeatable investment related tasks, like a pre-or-post earnings report, company deep dives, sector summaries and much more.

Through these agents, the platform helps users by automating research tasks, delivering timely findings, and reducing blind spots, enabling investors to stay ahead of the competition and maximize returns.

“Investment professionals are drowning in data. The new Bigdata.com is a direct response to the needs of our growing user base,” said Armando Gonzalez, CEO of RavenPack and Founder of Bigdata.com. “By embedding insights from the financial research community, we’ve built a platform that mirrors the life of a financial researcher. With autonomous agents monitoring the market, investors can focus on strategy — not noise.”

Bigdata.com is also collaborating with a diverse range of voices in the financial community, from established thought leaders to popular market commentators. Notably, popular financial platforms like Litquidity, Overheard on Wall Street, and influencer Linas Beliūnas have also contributed their watchlists to the platform, creating a dynamic mix of professional perspectives and crowd-sourced investment ideas.

Abhijeet Gaikwad, Chief Investment Officer at ADG Capital Management LLP attests to its impact: “Their products have been a game-changer for quantitative investing, delivering unparalleled value and driving outstanding results. Transforming news into actionable data is essential for generating alpha and advancing research.”

About Bigdata.com 

Bigdata.com is an advanced agentic AI platform developed by RavenPack, a global leader in financial data analytics working with the world’s top hedge funds, banks, and asset managers. Combining real-time search capabilities, deep customization, and verifiable insights, Bigdata.com empowers professionals with instant access to the most current and relevant financial data. Backed by over two decades of AI expertise from RavenPack, Bigdata.com is redefining the future of financial research.

For more information, visit www.bigdata.com.

Media Contact:
bigdata@haymaker.co

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SOURCE Bigdata.com

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PROTEOR Expands Its Digital Solutions By Offering The First-Ever Non-Vase Mode Definitive Socket via 3D Printing

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DIJON, France, April 11, 2025 /PRNewswire/ — PROTEOR, a global leader in prosthetics and orthotics (O&P), announced today the expansion of its Digital solutions and a first-in-the-industry innovation:  The production of non-vase mode definitive sockets via 3D Printing fabrication.

This new definitive socket utilizes a proprietary material, KyronMAX®, sourced from an exclusive partnership with Mitsubishi Chemical Group; this material, which offers increased tensile strength and toughness qualities, enables 3D Printed PROTEOR sockets to exceed ISO 10328 standards when utilizing the PROTEOR ICARUS 3D Printer.  Moving beyond traditional fabrication processes, the 3D printing method used by PROTEOR ensures clinical efficiencies, consistent quality & durability, and a tailored fit for each individual. By expanding its offering to include a non-vase mode design, PROTEOR bridges the gap between cutting-edge technology and real-world needs.

“We are committed to providing our customers with the most advanced 3D printing technologies available today – including the highest-quality filaments available,” said Mike Gorski, General Manager, Proteor Printing Solutions. “PROTEOR is delivering what the industry has been waiting for – in-house 3D Printed Definitive sockets with a streamlined workflow process.  In this industry, I have learned a lot from our customers on how this process needs to be simplified. After the acquisition of Filament Innovations, I brought this knowledge to PROTEOR and the teams created a streamlined workflow process around definitive sockets. Utilizing the ORTEN software, an ICARUS 3D Printer, and KyronMAX® material, definitive prosthetic sockets can now be 3D printed in-house within a few hours.  This is the technological revolution the industry has been waiting for. I am thrilled to announce there is no more wait, this technology is ready today and has been scientifically validated.”

This breakthrough underscores PROTEOR’s dedication to pushing boundaries and setting new benchmarks in the O&P field. With this non-vase mode design, the company not only leads in innovation but also charts a course for a future where advanced technology is seamlessly integrated into daily clinical practice.

To help support this Digital future, the company is preparing to launch its comprehensive PROTEOR Digital Suite in May—an expansive digital solutions platform that includes innovations in scanning, software, and printing services.  This integrated system is designed to streamline workflows and enhance both patient outcomes and clinical efficiency.

For media inquiries, please contact:
Eric Ferris 
Vice President, Global Marketing & Product Management
PROTEOR
eric.ferris@proteor.com / +1.855.450.7500
http://us.proteor.com

Alexandra Houiste
Manager, Corporate Communications
PROTEOR
alexandra.houiste@proteor.com / +33 3 80 78 42 42

View original content to download multimedia:https://www.prnewswire.com/news-releases/proteor-expands-its-digital-solutions-by-offering-the-first-ever-non-vase-mode-definitive-socket-via-3d-printing-302426195.html

SOURCE PROTEOR

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SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index

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SS&C GlobeOp Hedge Fund Performance Index: March performance -1.61%; Capital Movement Index:  April net flows advance 0.24%

WINDSOR, Conn., April 11, 2025 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the gross return of the SS&C GlobeOp Hedge Fund Performance Index for March 2025 measured -1.61%.

Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.24% in April.

“The 0.24% increase in SS&C GlobeOp’s Capital Movement Index for April 2025 is a strong result, especially considering April typically sees net outflows,” said Bill Stone, Chairman and Chief Executive Officer of SS&C Technologies. “Uncertainty from new tariffs, fiscal policy, and a slowing global economy has driven global market volatility to levels not seen since COVID-19 and the Global Financial Crisis. Hedge fund managers continue to attract assets by delivering attractive risk-adjusted and uncorrelated returns for investors.”

SS&C GlobeOp Hedge Fund Performance Index

The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted, independent monthly window on hedge fund performance. On the ninth business day of each month it provides a flash estimate of the gross aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on the SS&C GlobeOp platform. Interim and final values, both gross and net, are provided in each of the two following months, respectively. Online data can be segmented by gross and net performance, and by time periods. The SS&C GlobeOp Hedge Fund Performance Index is transparent, consistent in data processing, and free from selection or survivorship bias.  Its inception date is January 1, 2006.

The SS&C GlobeOp Hedge Fund Performance Index offers a unique reflection of the return on capital invested in funds.  It does not overstate exposure to, or the contribution of, any single strategy to aggregate hedge fund performance. Since its inception, the correlation of the SS&C GlobeOp Performance Index to many popular equity market indices has been approximately 25% to 30%. This is substantially lower than the equivalent correlation of other widely followed hedge fund performance indices.

SS&C GlobeOp Capital Movement Index

The SS&C GlobeOp Capital Movement Index represents the monthly net of hedge fund subscriptions and redemptions administered by SS&C GlobeOp on the SS&C GlobeOp platform. This monthly net is divided by the total assets under administration (AuA) for fund administration clients on the SS&C GlobeOp platform.

Cumulatively, the SS&C GlobeOp Capital Movement Index for April 2025 stands at 124.79 points, an increase of 0.24 points over March 2025. The Index has advanced 1.15 points over the past 12 months. The next publication date is May 13, 2025.

Published on the ninth business day of each month, the SS&C GlobeOp Capital Movement Index presents a timely and accurate view of investments in hedge funds on the SS&C GlobeOp administration platform. Data is based on actual subscriptions and redemptions independently calculated and confirmed from real capital movements, and published only a few business days after they occur. Following the month of its release, the Index may be updated for capital movements that occurred after the fifth business day.

SS&C GlobeOp Hedge Fund Performance Index

Base

100 points on 31 December 2005

Flash estimate (current month)

-1.61%*

Year-to-date (YTD)

0.52%*

Last 12 month (LTM)

5.29%*

Life to date (LTD)

283.19%*

*All numbers reported above are gross

SS&C GlobeOp Capital Movement Index

Base

100 points on 31 December 2005

All time high

150.77 in September 2013

All time low

99.67 in January 2006

12-month high

125.37 in December 2024

12-month low

123.40  in January 2025

Largest monthly change

– 15.21 in January 2009

SS&C GlobeOp Forward Redemption Indicator

All time high

19.27% in November 2008

All time low

1.48% in April 2022

12-month high

3.54% in December 2024

12-month low

1.86% in April 2024

Largest monthly change

9.60% in November 2008

About the SS&C GlobeOp Hedge Fund Index®
The SS&C GlobeOp Hedge Fund Index (the Index) is a family of indices published by SS&C GlobeOp. A unique set of indices by a hedge fund administrator, it offers clients, investors and the overall market a welcome transparency on liquidity, investor sentiment and performance. The Index is based on a significant platform of diverse and representative assets.

The SS&C GlobeOp Capital Movement Index and the SS&C GlobeOp Forward Redemption Indicator provide monthly reports based on actual and anticipated capital movement data independently collected from all hedge fund clients for whom SS&C GlobeOp provides administration services on the SS&C GlobeOp platform.

The SS&C GlobeOp Hedge Fund Performance Index is an asset-weighted benchmark of the aggregate performance of funds for which SS&C GlobeOp provides monthly administration services on the SS&C GlobeOp platform. Flash estimate, interim and final values are provided, in each of three months respectively, following each business month-end.

While individual fund data is anonymized by aggregation, the SS&C GlobeOp Hedge Fund Index data will be based on the same reconciled fund data that SS&C GlobeOp uses to produce fund net asset values (NAV). Funds acquired through the acquisition of Citi Alternative Investor Services are integrated into the index suite starting with the January 2017 reporting periods. SS&C GlobeOp’s total assets under administration on the SS&C GlobeOp platform represent approximately 10% of the estimated assets currently invested in the hedge fund sector. The investment strategies of the funds in the indices span a representative industry sample. Data for middle and back office clients who are not fund administration clients is not included in the Index, but is included in the Company’s results announcement figures.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 22,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

Follow SS&C on X, LinkedIn and Facebook.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ssc-globeop-hedge-fund-performance-index-and-capital-movement-index-302426516.html

SOURCE SS&C

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