Grayscale Investments appoints BNY Mellon as asset servicer ahead of Bitcoin ETF conversion
The firm will use BNY Mellon for ETF services and transfer agency upon the anticipated conversion of the $22 billion fund.
ETF servicing providers receive plaudits in latest GC survey
The collective scores of all the providers in the survey shows that respondents were very happy with the service delivered during a time of increased operational strain and changing market factors.
JP Morgan’s new ADGM license broadens securities services capabilities in Middle East
The ADGM license will enable the US bank to provide a more complete suite of products and services to clients directly in Abu Dhabi.
Citi wins fund services mandate from Income Partners in Hong Kong
Citi will provide transfer agency for the asset manager's first Northbound fund under the Hong Kong-China Mutual Recognition of Funds (MRF) scheme.
Euroclear opens foreign investor access to Chilean corporate bonds
The Brussels-based international CSD has opened new links with numerous emerging and frontier markets, enabling both foreign and domestic investors to tap wider liquidity pools.
BNY Mellon creates new trustee role for Hong Kong
BNY Mellon has hired the former head of trustee services for Hong Kong at BBH for a newly created role within the International Trustee and Depositary division.
Custody
Network managers rethink playbook for switching sub-custody providers
Network managers are having to re-write their processes when selecting a new sub-custodian in a post-COVID operating world.
Euroclear leads test with custodians and French central bank on CBDC settlement
The test gives Euroclear a broad understanding into the running of an entire post-trade business on a blockchain platform.
Market Infrastructure
Clearstream and Digital Asset exploring DLT replacement for legacy system
The major technology overhaul could mirror projects underway at the ASX and HKEX, and is part of a medium-term strategy from owner Deutsche Boerse to develop a digitised CSD.
FIS to provide BNP Paribas’ derivatives post-trade tech through 10-year agreement
All post-trade derivatives operations at BNP Paribas including reconciliation and post-trade processing will be managed by FIS under 10-year agreement.