Circle receives New York trust charter for subsidiary

Circle receives New York trust charter for subsidiary

The New York trust charter allows Circle’s subsidiary to provide fiduciary and custody services under state banking law. Circle said Friday that the New York Department of Financial Services (NYDFS) has granted a limited purpose trust charter to its subsidiary, Circle Internet Trust Company LLC. A limited purpose trust charter is issued under New York…

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Repeat founder Ryan Williams raises M seed for an AI startup for private credit managers

Repeat founder Ryan Williams raises $10M seed for an AI startup for private credit managers

Ellis AI announced Thursday its emergence from stealth with $10 million in seed funding from investors including First Round Capital, 645 Ventures, Harlem Capital, Khosla Ventures, Thrive Capital, Slow Capital, Kearny Jackson, and Ariel Alternatives CEO Mellody Hobson. Ellis uses AI agents to tackle the fragmented workflow private credit managers deal with, including managing documents,…

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