State Street and Fidelity say the protocol could become a “necessary solver” as firms connect across a growing range of venues, providers and solutions. 

The bank will provide custody, depositary and registrar services for Bpifrance’s ELTIF II fund targeting retail investors. 

The move follows the addition of BNY’s European banking entity to the EU’s MiCA register in July. 

The designation gives dealers and clearing members another settlement route for eligible CCP-cleared trades across MTS Italy markets. 

The bank plans to offer custody for selected crypto assets, stablecoins and tokenised real-world assets, adding Singapore to its growing network of digital asset custody markets. 

The expanded service will cover more than 3,500 US equities and ETFs, with settlement through DTC and BNY acting as settlement agent. 

Executive joins Swedbank from DNB, having previously held securities services roles at Euroclear Sweden and UBS Investment Bank. 

The partnership will make Brookfield’s Luxembourg-domiciled evergreen funds available through Clearstream’s fund distribution platform. 

The deal will see CACEIS take on third-party asset servicing activities as well as servicing for Edmond de Rothschild’s private equity and infrastructure funds.