Fund tokenisation takes root
The new share class of Aviva Investors’ £22 billion sterling liquidity fund is issued on Ripple’s XRP Ledger.
Hong Kong-based executive joins from the Private Wealth Management Association, following previous roles at BlackRock, Merrill Lynch and Fidelity International.
Renewed UK mandate extends a relationship that began in 2018 and covers fund administration, global custody, securities lending and performance measurement.
The joint roadmap is currently scheduled for publication in November; FCA deputy chief executive has confirmed that the regulator will take action against firms that fail to prepare for the UK’s T+1 shift.
Clearstream Fund Services’ global head of sales, Neil Wise, explains why legacy systems are struggling to keep pace with the rise of private markets, and what custodians need to do to stay competitive as fund distribution grows more complex.
Mandate covers four ETF series launching on the Toronto Stock Exchange, with RBCIS providing administration and securities lending.
The 10-year bond was issued via Clearstream’s D7 DLT platform and distributed across Clearstream and Euroclear Bank, marking the first DLT-native benchmark bond from a European government.
The custodian continues to build across its servicing businesses, with new mandates adding to its latest quarterly performance.
Failed trades are rising faster than settlement volumes, exposing operational weaknesses that could become harder to manage as Europe moves to T+1 in October 2027, according to DTCC and ValueExchange.
The deal will bring Zodia Custody’s regulated digital asset custody operations into Standard Chartered’s securities services business, while its software and professional services arm will be spun out into a separate entity.
The group’s chief risk officer will succeed Sneyers as CEO from January 2027, while its chief banking and network officer takes over the group risk role.
Italian provider seeks to ‘bring key processes closer to its clients and support faster development of future operating capabilities’, with transfer expected to take effect no earlier than January 2027.
It’s going to be a late one: Euroclear UK & International will stay open until 11pm and reopen at 2am from November, while the settlement taskforce mulls challenges over buyer protection and corporate actions.
New independent wealth management firm founded by former JP Morgan Advisors executives will use Pershing and Schwab for custody and lending.
Executive held senior securities services roles across Asia and Latin America, most recently leading Citi’s Asia South business.