US-based private equity firm GTCR has agreed to acquire Fiduciary Trust Company (Fiduciary) for an undisclosed sum, to expand wealth management services. GTCR will partner with Fiduciary’s CEO Austin Shapard, and management team to accelerate growth and expand service offerings for ultra-high-net-worth clients. Founded in 1885 as a family office, Fiduciary is a US-based private wealth manager and trust company, managing around $34bn in total assets as of 30 September 2025. It provides comprehensive weal ...

Binance is partnering with BBVA, Spain’s third-largest bank, to offer offline custody services. Client assets will be held at BBVA in the form of U.S. Treasuries and used by Binance as collateral. Sources say the structure aims to prevent another “FTX-like” collapse. Neither party has commented. https://t.co/TEz1z2sO1W ...