Digital asset servicing

Every year at Sibos, one or two subjects ripen to the point where they move from the fringe to the mainstream. One of these is tokenisation.  

Divergence of regulation, legacy operational processes and siloed projects are residing issues hampering the development of digital assets and blockchain, according to expert at Sibos in Toronto. 

Institutional engagement with digital assets and related processes is increasing but caution still reigns. Global Custodian spoke to Jason Emery, chief product officer, Securrency, about the assurances institutions still need.

Clients will gain access to both prime brokerage and custody services through Zodia’s Interchange solution.  

Developed following an observable lack of uniform rules around the relatively new asset class, ESMA is seeking input on MiCA’s proposed rules for crypto-asset service providers.

Subcommittee will also feature industry legend Nadine Chakar and Digital Asset CEO Yuval Rooz.

Wide-reaching measures seek to standardise the regulatory playing field for crypto service providers within the 27 member states.  

Partnership with Blockdaemon will also facilitate more efficient liquidity management.

Cowen Digital officially launched trading and custody services in March last year but had been in the works since early 2021 as institutional investors began increasingly eyeing digital assets.