Binance Labs Invests in OpenEden for Growth in Tokenized DeFi Assets

Binance Labs, the venture capital and incubation arm of Binance, has invested in OpenEden, a real-world assets (“RWA”) tokenization investment platform building the bridge to a new financial system. OpenEden as a group consists of a Monetary Authority of Singapore-licensed fund management company and a full-stack tokenization technology company. OpenEden’s tokenized U.S. T-Bill Fund (“TBILL”) is the first and only tokenized T-Bill product to receive an “A” rating from Moody’s, and is the largest of...

Ant Group Unveils AI Financial Manager at INCLUSION Conference

Ant Group unveiled its AI financial manager, Maxiaocai, at the 2024 INCLUSION·Conference on the Bund in Shanghai. The AI personal financial manager can be accessed via the Alipay app and the Ant Fortune app. The launch of Maxiaocai follows the introduction of the company’s AI life assistant, Zhixiaobao, and AI Healthcare Manager at the event, highlighting Ant Group’s latest progress in applying AI technology in consumer-facing use cases. Maxiaocai leverages Ant Group’s self-developed foundation model...

Indus Valley Partners Acquires IntegriDATA

Indus Valley Partners (“IVP”), a premier global provider of software and technology solutions to the world’s most sophisticated investment managers backed by PPC Enterprises (“PPC”), a specialist middle-market private equity firm and minority investor in IVP, announced that it has agreed to acquire IntegriDATA, a leader in alternative investment software solutions. Terms of the acquisition were not otherwise disclosed. Founded in 2002 and headquartered in New York, IntegriDATA helps over 80+ alternative asset managers including...

Marshall & Stevens Acquires Sixth Valuation Firm, Acuity Advisors

Marshall & Stevens, Incorporated (“Marshall & Stevens”), a premier independent valuation advisory, litigation support, and investment banking firm, is pleased to announce the acquisition of Acuity Advisors (“Acuity”). Acuity is the sixth distinguished valuation and transaction advisory firm recently acquired by Marshall & Stevens. Acuity is headquartered in Orange County, California, home of the fifth largest economy in the world, and some of the most striking coastline to be found anywhere. Established in 1989, Acuity maintains the largest...

Mesirow announced the acquisition of Price Wealth Management

Mesirow, an independent, employee-owned financial services firm, announced the acquisition of Price Wealth Management, an established RIA firm based in Stuart, Florida. This transaction builds upon Mesirow’s significant existing footprint in the area, which also includes offices in Miami and Boca Raton. Price Wealth Management was represented by DeVoe & Company, a leading consulting firm and investment bank to RIAs. “This transaction aligns with our focus on serving a growing base of wealth management clients, advancing the firm’s...

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