Nasdaq reportedly becomes the first Central Securities Depository (CSD) in Europe to implement this service. 

Under the partnership, Proxymity’s digital voting platform will integrate with Tumelo’s pass-through voting technology, to establish a new standard in shareholder communications. 

The collaboration aims to streamline processes for clients, with a view to setting new standards for efficiency in capital raising, distribution, execution and settlement in alternative funds.  

Initially focusing on the two largest cryptocurrencies by market capitalisation, Bitcoin and Ethereum, the service has named Brevan Howard Digital as its first client. 

Securities lending division of MUFG Investor Services will oversee part of NIC’s $40 billion in investments across various state retirement plans and funds. 

Reduction in clearing margin a key challenge for custodians, while European firms report most significant impact of T+1.  

The acquisition will enhance BNY’s capabilities across the entire managed account ecosystem as its head of asset servicing Emily Portney tells Global Custodian that asset management clients see this as an ‘enormous area of expansion’ that is crying out for traditional servicing.

Former COO and head of investment services at State Street will lead the wealth management technology firm, following the closing of its acquisition by PE firm GTCR.