The business combination agreement, which has been approved by the Board of Managers of DigiAsia and by the Board of Directors of APAC, is expected to close during the second quarter of 2023
The joint venture firm, China International Fund Management, is 51% owned by J.P. Morgan Asset Management and 49% by Shanghai International Trust Co.
The markets, for some, are in the mainland, Hong Kong and Southeast Asia.
Pursuant to the transitional provisions, digital asset business operators who had provided custody of clients’ assets prior to the effective date of the regulations are required to fully comply within six months as from the effective date.
In addition, Helen Wang, who was recently promoted to partner, and senior associate Amelia Tan have also been recognised as Rising Stars in Singapore.
Standing pat caught some traders by surprise, but it’s unlikely to douse speculation that the BOJ will normalise policy as inflation in Japan accelerates and governor Haruhiko Kuroda nears the end of his term.