Clear Street has tapped industry veteran Mark Daniels as its new head of platform sales in New York, a move that adds another heavyweight to the fast-growing U.S. prime broker’s senior bench.Daniels, who confirmed the appointment on social media, brings more than two decades of experience in prime brokerage and clearing. He most recently led prime clearing at Marex, the London-based commodities and financial markets group that has been broadening its clearing franchise since its 2024 Nasdaq listing.Before M ...

(Bloomberg) -- Funds under the UBS Group AG umbrella face more than half a billion dollars of exposure to bankrupt auto-parts supplier First Brands Group through various investment strategies, with one ranking as the biggest unsecured creditor, court documents show.  The auto-parts supplier filed for Chapter 11 protection in Texas late Sunday following a failed attempt to refinance $6 billion of loans and creditor concern over the company’s use of opaque off-balance-sheet financing. The board committee ap ...

Funds under the UBS umbrella face more than half a billion dollars of exposure to bankrupt auto-parts supplier First Brands through various investment strategies https://t.co/mTmccfZyXa ...

So far through Day 3 at @Sibos 2025, Chainlink has:• Announced Phase 2 of the global corporate actions initiative with 24 of the world’s largest institutions, including Swift, DTCC, and Euroclear.• Introduced the Digital Transfer Agent (DTA) technical standard to enable fund administrators to expand their operations onchain.• Announced a landmark technical solution leveraging CRE and Swift messaging in collaboration with UBS.• Partnered with GLEIF to establish a new institutional-grade identity solution for ...

Core Viewpoint - Smurfit Westrock Plc (NYSE:SW) is recognized as an attractive investment opportunity, particularly due to its valuation compared to peers and potential for growth in free cash flow and EBITDA [2][3]. Group 1: Investment Ratings and Price Target - UBS initiated coverage on Smurfit Westrock Plc with a Buy rating and a price target of $60, indicating strong investor interest [2]. - The company is currently trading at approximately 6.4x 2026 EV/EBITDA, which is lower than the 8-10x range of competitors like International Paper and Packaging Corporation of America, suggesting it is undervalued [2]. Group 2: Financial Projections - UBS anticipates a 4% increase in U.S. containerboard prices by 2026, which is expected to support a 10% increase in EBITDA [2]. - The potential for free cash flow is projected to increase by 230% [2]. Group 3: Historical Performance and Future Synergies - Smurfit Westrock has a strong history of returns on invested capital, averaging 14.7% over the past decade, which may help narrow the valuation gap with peers [3]. - UBS projects that synergy gains could exceed $800 million by 2030, indicating significant operational efficiencies [3]. Group 4: Company Overview - Smurfit Westrock operates globally, producing and selling consumer packaging, corrugated containers, containerboard, and paper-based solutions across North America, Europe, and other international markets [4].

Chainlink & Institutional Tokenization - Chainlink is progressing with Swift on interoperability and collaborating with DTCC, Euroclear, UBS, DBS, BNP, and others to address key issues like corporate actions for institutional tokenization [1] - Chainlink is launching Digital Transfer Agency with UBS and DataLink with Deutsche Borse, addressing on-chain transfer agency and institutional-grade data for digital assets [2] - The Chainlink Stack is positioned as a comprehensive solution for digital asset challenges, using a single standard [2] Requirements for Institutional Tokenization at Scale - Institutional tokenization and capital flows require multiple conditions: on-chain data, cross-chain connectivity, on-chain compliance, on-chain asset servicing (e.g., corporate actions), and legally binding transfers [3] - A single global standard is needed to solve these problems on-chain for both institutions and regulators to enable trillions of dollars in capital flowing on-chain [3] - Solving only one problem is insufficient for large-scale institutional on-chain transactions [3] Chainlink's Solution - The Chainlink Stack aims to solve these problems with a single standard [4]

• Swift: Processes a volume of transactions equivalent to the world's Gross Domestic Product (GDP) approximately every three days.• DTCC: Clears up to $3.7 quadrillion in transactions per year as the primary central clearing and settlement infrastructure for U.S. securities.• Euroclear: Custodied up to €40.7 trillion in assets in 2024 as one of the dominant settlement/custody infrastructures in Europe.• UBS: Manages over $6 trillion in invested assets, making it one of the world’s largest wealth managers in ...

Regulatory Landscape - SEC allows investment advisers to use state-chartered trust companies as qualified custodians for crypto assets [1] - Brian Quintenz's nomination for CFTC chair withdrawn [1] ETF and Tokenization - 21Shares SUI ETF and Polkadot ETF listed on DTCC platform [1] - Cronos partners with Amazon Web Services to advance institutional tokenization, RWA growth and AI-driven DeFi [2] - Chainlink, UBS and Swift pilot tokenized fund workflows, aiming to modernize the $100 trillion fund industry [4] Payments and Market Trends - Visa launched a pilot with Circle's USDC and EURC to make cross-border payments faster and more flexible [3] - Robinhood plans to roll out prediction markets in the UK and EU [4] - Google searches for altcoin season are rising again [4] - Tether bought 8880 $BTC worth about $1.05 billion [4] Company Performance Prediction - Bitwise CIO predicts Tether could surpass Saudi Aramco's $120 billion record profit [2]

chainlink completes ubs pilot same day swift announces blockchain settlement. link provides the oracles for $150t in annual payment flows. ubs pilot scales to production, swift needs those price feeds. link trades at $8b fdv providing infrastructure for payments worth 18,750x that. banks don't build oracle networks. ...

With Swift messages and CRE, banks and institutions can seamlessly access blockchains through the same Swift infrastructure they have relied upon for decades.This shows how institutions can access blockchains without needing to upgrade to new infrastructure, replace their existing processes, or integrate new identity and key management solutions.Chainlink (@chainlink):We’re excited to announce a landmark technical solution enabling financial institutions worldwide to manage digital asset workflows directly ...