This initiative led by Chainlink was conducted in collaboration with Euroclear and Swift, along with UBS, Franklin Templeton, Wellington Management, CACEIS, Vontobel, and Sygnum Bank.
Sponsored message from S&P Global
S&P Global's Richard Wilson, product manager, securities services, explains how innovation and scalability are at the heart of the firm's strategy for success.
The T+1 transition in the US was successful due to extensive client engagement and testing, despite initial complexities, says Danny Green, head of international post-trade at Broadridge. However, securities lending and FX costs have increased, highlighting areas that need further automation and focus.
Former CEO of BNY global asset servicing joins the Amsterdam-headquartered firm, with goals to strengthen client service and regional leadership.
Investment aligns with Euroclear’s digital ambitions – particularly in the funds space - and represents its first move under new Asia Pacific CEO.
Deal consolidates Apex’s presence in the region, with teams currently operating in both Brazil and Uruguay.
A statement from ESMA comes a day after Task Force recommendations, claiming a coordinated approach across Europe is “desirable” while stressing the urgency in avoiding prolonging the negative impacts of settlement misalignment.
Coveted target reached for BNY, six years after becoming the world’s largest custodian, in a quarter where the bank also posted a record for fee revenue.
The Global Custodian Directory is a single access point to leading Service Providers.
Significant global player with a large US presence made the switch from a competitor this quarter, says CEO O’Hanley.
The custodian's assets under custody/administration reached $26 trillion as part of 16th consecutive quarter of securities services revenue growth.
Along with launch the industry sandbox, DTCC has also revealed the results of a proof-of-concept aimed at optimising collateral management through tokenisation.
A digital asset manager backed by DRW and Cumberland has yield-bearing US Yield Coin (USYC) which will allow holders to hold and deliver collateral across the Canton Network.
Fee revenue reaches a quarterly total of $2.61 billion – up 11% year-on-year.
Vice chairman and CFO to exit for a new role after more than eight years with the custodian.
This week’s fund services round-up features: Ocorian, Langham Hall, Aztec Group, AirFund, Maples, Apex and Norlantic.