Digital asset servicing

New infrastructure supports tokenised money market funds, ETFs, deposits and stablecoins across public and private blockchain networks.

The digital assets custodian, backed by Standard Chartered and Northern Trust, adds support for Macropod’s Australian dollar-backed stablecoin, giving institutional clients secure access to the token for payments and settlement use cases. 

By enabling tokenised representations of client deposit balances on its Digital Assets platform, BNY’s institutional clients will be able to move cash while retaining regulatory and reporting integrity. 

Firms to assess opportunities across trading, prime, custody and staking services. 

Some 10 institutions – including Bank of America and Societe Generale – participate in the project, broadening the liquidity and participation in the tests.  

Developed in partnership with GFO-X, the solution will enable clients to utilise crypto, tokenised money market funds and other digital assets as collateral for trading.  

Partnership aims to streamline withholding tax relief and reclaim processes across markets. 

The initial phase of the project will focus on enhancing collateral management and settlement usability across Clearstream.  

New solution aims to optimise investor outcomes and automate corporate action workflows.