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09.11.26 - 23:36
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Morgan Stanley Wealth Mgmt. Head on Vinyl Equity Deal (Bloomberg)
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Morgan Stanley is acquiring fintech company Vinyl Equity to add its digital, cloud-based transfer-agent technology to the firm's workplace business. Jed Finn, Morgan Stanley's Head of Wealth Management, said transfer agents maintain the official record of stock ownership, and argued that bringing the function in-house will reduce reliance on outside providers during companies' transition from private to public ownership. He speaks with Vonnie Quinn & Scarlet Fu on "The Close." (Source: Bloomberg)...
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09.11.26 - 15:18
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Morgan Stanley to Acquire Digital-Native Transfer Agent Vinyl Equity (Business Wire)
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Expands Morgan Stanley at Work with Next Gen Transfer Agent Capabilities to Simplify Equity Ownership Infrastructure for Companies and their Shareholders
Connects Cap Table Management, Equity Administration, Share Transfer, and Wealth Management to Support Clients Through Private-to-Public Transitions and Liquidity Events
Will Strengthen Digital Asset Ecosystem with Key Infrastructure for Future Tokenization Initiatives
NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) today announced that it has entered into an agreement to acquire Vinyl Equity, a digital-first SEC-registered transfer agent and shareholder recordkeeping platform. The acquisition expands Morgan Stanley at Work's ecosystem by adding transfer agency capabilities, giving companies a single platform for cap table management, equity administration, share transfer, and wealth management infrastructure across private and public markets.
"Our clients have told us they want greater innovation in this space. Vinyl helps us meet that demand...
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06.11.26 - 13:12
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Democrats Spent Year Demanding Data Center Moratoriums. They Own The Narrative. Will They Own The Fallout? (ZeroHedge)
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Democrats Spent Year Demanding Data Center Moratoriums. They Own The Narrative. Will They Own The Fallout?
Thursday's selloff in hyperscaler and neocloud stocks deepened as investors reassessed the mounting risks that the Democratic sweep in the US midterms poses to the AI infrastructure boom. By midday in New York, the Nasdaq was down more than 5%, while Morgan Stanley's neocloud index had plunged 12%, reflecting concerns that Democratic-led moratoriums could delay projects, disrupt spending plans, and even undermine the US economy. We've extensively detailed where state-level restrictions could put the buildout most at risk (read here and here).Earlier today, the doom headlines started pouring in. The Wall Street Journal reported that OpenAI leaders were discussing whether to reset expectations for next year's data center buildout after the blowout election results signaled dire straits for the AI boom.WSJ said AI insider concerns surfaced Tuesday night at San Francisco's Opera House, w...
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