Custody’s next chapter: State Street’s Ambrosius on AI, tokenisation and the race for scale
From T+1 and tokenisation to 23/5 trading, Treasury clearing and private markets, DTCC sits at the centre of almost every big shift in market structure right now, but behind the initiatives is now an impressive line-up of executives which its CEO has assembled over the past four years.
Readiness figures are rising ahead of the October 2027 deadline, but gaps among smaller firms and cross-border complexity threaten to undermine the move to next-day settlement.
This week’s fund services round-up features Alter Domus, IQ-EQ, Apex Group, Langham Hall, Aztec Group, Waystone, U.S. Bankcorp, Prescient Fund Services, Suntera, Zedra, and Formidium.
The central bank’s consultation sets out how tokenised collateral could be used in central clearing without, compromising risk standards.
Executive joins from Temenos, having previously held senior technology and product leadership roles at LSEG and FIS.
Experienced executive previously held roles at BNP Paribas and Morgan Stanley.
Partnership covers fiat settlement and client money accounts for Capital.com’s virtual asset services across MENA and Europe.
As markets move towards faster settlement and longer trading hours, post-trade experts at AFME OPTIC debated where agentic AI belongs in the fails process, and where humans must stay firmly in charge.
Solution allows round-the-clock transfers between participating banks, with China AMC, Finloop and PantherTrade already using the infrastructure for tokenised deposit transactions and money market fund settlements.
The deal adds securities lending to Capitolis’ financial resource management platform, expanding its offering to institutional asset owners.
Hybrid model means digital instruments will be tradable, clearable and eligible as collateral, with the initiative linking directly to Clearstream’s digital infrastructure.
Executive brings more than 30 years of financial services experience and has been with BNP Paribas since 2001, helping develop its securities services business in Switzerland.
Strong settlement activity and record safekeeping levels support growth in the first nine months of 2026, while Russia-related sanctions continue to weigh on the group.
Securities services expert has held roles with State Street, HSBC and Northern Trust, along with recent roles at BNP Paribas and First Abu Dhabi Bank.
Mike Reece, head of market liquidity at Euroclear, discusses how Europe’s move to T+1 settlement in 2027 is reshaping the challenges facing cross-border investors, from FX, intraday liquidity and collateral efficiency.