With regulatory backing secured, DTCC is laying the groundwork for its flagship tokenisation platform to launch later this year. GC editor Chris Lemmon sits down with Nadine Chakar, global head of DTCC Digital Assets, to discuss the roadmap and the market’s state of play.
Russian sanctions and countermeasures continue to impact the business, with a €342 million provision being taken “given material risks and uncertainties”.
Capital injection values the business at €1.4 billion and is expected to accelerate the development of Carne’s technology platform, Curator.
Executive brings more than 20 years of experience leading global sales and business development teams across financial services.
Experienced executive brings more than 25 years’ experience to the role, across senior roles at JP Morgan and BBH.
As part of the arrangement, Jupiter has consolidated back-office services for its offshore jurisdictions with BNY and outsourced its middle-office operations.
Assets under custody and administration (AUC/A) rose to $18.7 trillion, up 3% sequentially.
Transaction intended to create a global fund services player, combining Allfunds’ distribution capabilities with Deutsche Börse’s custody and settlement infrastructure.
Over the year, State Street secured four Alpha mandates, and $484bn in new servicing AUC/A wins, with the majority coming from insurance clients and asset managers.
Strong growth in ETFs and private markets, alongside accelerating momentum in Asia, were key drivers of BNY’s 2025 performance, as the bank maintains a disciplined openness to M&A.