The registration enables it to provide commercial services to clients as a crypto-asset business, a key milestone as it prepares to launch.

The tech giant is now targeting the European asset management industry and looking to build from a string of mandates it has secured in the UK over the past year. 

A Northern Trust survey found that 98% of buy-side firms are using data science or planning to pursue it to optimise performance in the next two years.

Regulations such as DORA and CSDR are combining in a way that is forcing many to make some tough choices about who carries out these post-trade functions.

The partnership will enable asset management clients to better consolidate and analyse their trading and portfolio data.

The joint offering would support Hill Country to scale their middle- and back-office functions in a quicker manner.

Nearly half of banks and brokers intend to change their middle-office system completely, according to the survey.

JP Morgan is anticipating AuA to rise further to $700 billion by the end of year, which would represent a 40% increase in the last 18 months. 

Former senior executive vice president at BNY Mellon has been promoted to the role after serving at the bank since July 2018.