The initiative focuses on extending Project DAMA 2 by exploring the use of explainable AI, machine learning, and large language models in tokenised fund servicing workflows.
Fund administrator says the deal aligns with broader trend of investors seeking solutions to integrate digital assets into their portfolios.
The custodian will broadcast fund accounting data for BlackRock’s tokenised short-term US treasury fund, BUIDL.
The market infrastructure provider said the platform leverages a scalable, industry-driven framework “rooted in open architecture and common standards”.
Institutions will be able to assess whether certain digital instruments fall under the scope of regulatory and tax requirements.
The rescission is the latest in a string of regulatory developments for institutional engagement in crypto-related services.
The rescission will be music to the ears of traditional custodians, which have been vociferously opposed to the directive since it was issued in March 2022.
As CSD, Euroclear will work closely with the government to explore design choices, following similar initiatives in other jurisdictions.
The collaboration between Citi and Fidelity International is part of the Monetary Authority of Singapore's Project Guardian, which aims to enhance liquidity and efficiency in financial markets through asset tokenisation.
Partnership will see Standard Chartered’s asset servicing clients gain access to TP ICAP’s UK-based spot cryptoasset exchange.