Digital asset servicing

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.  

The guidance supplements the licensing framework introduced by HKMA in 2023, which offers a regulatory pathway for crypto exchanges to operate lawfully. 

In collaboration with ABN AMRO, Wellington Management and WisdomTree, Citi found that smart-contract capabilities could provide unique efficiencies not found in traditional assets. 

Having secured the new licences, Crypto Finance will now be able to cover regulated digital asset trading, settlement, and custody in Germany.