Standard Chartered-owned Zodia Custody collaborates with Metaco on global network build
Metaco has recently announced partnerships with HSBC and BBVA, while also working with Citi, BNP Paribas and Societe Generale.
Metaco has recently announced partnerships with HSBC and BBVA, while also working with Citi, BNP Paribas and Societe Generale.
The PoC has been launched as part of the Project Guardian initiative, which features 17 financial institutions, including the likes of BNY Mellon and Citi.
Bank can now provide a range of digital asset services with particular emphasis on crypto assets.
The solution aims to empower clients through operational efficiency and a significant reduction in settlement costs.
Due to launch in 2024, the new capability will work alongside HSBC’s Orion, the custodian’s proprietary tokenisation platform.
Helvetia Phase III will enable DvP settlement of digital bonds.
The tokenised version can be traded between HSBC and institutional investors through the HSBC Evolve single dealer platform.
Speaking prior to the announcement that Securrency will be acquired by the DTCC, Chakar discussed the need for more institutional action on blockchain, and more realism on the true use cases of the technology.
ISSA and GDF collaborate on new report to further advance the use of digital asset technology within the securities services industry.
The German bank will look to use Taurus technology to manage cryptocurrencies, tokenised assets, and digital currencies.