Capitolis intends to use the funds from this latest investment to further accelerate its technology and product development.
An asset class rotation among hedge funds could encourage prime brokers to invest significantly in specialising in servicing credit and multi-asset strategies.
Cowen recruits Deutsche Bank's former head of prime brokerage Americas sales to bolster global securities finance division.
Marquee Connect project will see Goldman Sachs develop a virtual platform for hedge funds to connect with prospective investors.
Cowen has hired a former prime services executive from Morgan Stanley, JP Morgan and Cantor Fitzgerald to boost its New York sales team.
With the integration of the Deutsche Bank business, BNP Paribas is aiming to become the top prime broker in Europe and potentially break out as a top four global player.
As digital asset firms look to reach institutional investors, the largest players have realised the need for prime brokerage services and appear to have all made their moves at once.