Digital asset servicing

The crypto ETF is the first of its kind to be listed on the Australian Stock Exchange and follows the recent launch of the Monochrome Bitcoin ETF on Cboe Australia.  

Global head of DTCC Digital Assets, Nadine Chakar, points to “tremendous opportunities” through DLT; calls for highest of regulatory standards.  

The market infrastructure triumvirate calls for market-wide mobilisation of support for digital asset standards.  

The offering will include digital asset custody and cover the entire value chain, from issuing tokenised financial instruments to the distribution of tokenised fund shares.  

Project Guardian is a collaborative tokenisation initiative established by the Monetary Authority of Singapore (MAS), drawing participation from the likes of BNY Mellon, Citi and JP Morgan.

State Street will provide administration services, while the ETPs will leverage custody services from both Zodia and Coinbase.  

Landmark pilot from Digital Asset’s Canton Network involving BNY Mellon, Northern Trust and State Street along with 42 other organisations across 22 permissioned blockchains has demonstrated interoperability and provided distributed ledger applications for asset tokenisation, repo and securities lending, among other functions. 

Stephen Richardson, managing director of financial markets at Fireblocks, offers his perspective on the impact of the recent spot Bitcoin ETFs and the hurdles that remain in achieving widespread adoption of tokenised assets.   

State Street reiterates commitment to digital assets in a comment to Global Custodian despite talent exits from the business. 

Owned by Standard Chartered, Northern Trust and SBI, Zodia Custody continues its run of achievements following funding round with new mandate.