Cowen Digital Asset Investment Company LLC, a division of Cowen Inc. (NASDAQ:COWN), and PolySign, Inc. today announced a strategic partnership, with the goal of enabling Cowen’s institutional clients to seamlessly secure, access and leverage cryptocurrencies and digital assets in their portfolios. In support of the partnership, Cowen has made a $25 million strategic investment in PolySign, leading the $53 million initial closing of PolySign’s Series B financing. Also investing in the round were Blockchain.com, Race Capital, Sandia Holdings and PilotRock Investments. The funds will be used to accelerate PolySign’s ... (full story)

Investment bank Cowen Inc. said it’s going to offer crypto custody services to hedge funds and asset managers. The New York-based firm is to provide custody services for cryptocurrencies and other digital assets in partnership with Standard Custody & Trust, a unit of digital asset infrastructure firm PolySign, according to an announcement Thursday. As part of the agreement, Cowen took a $25 million stake in PolySign as part of the latter's $53 million Series B funding round that Cowen led. Cowen was joined in this funding round by London-based crypto wallet provider and exchange Blockchain.com and others. As part of ... (full story)