BNY and Goldman Sachs roll out tokenised money market fund offering
The initiative uses blockchain to mirror fund ownership records, with institutional subscriptions processed through BNY's LiquidityDirect and Digital Assets platforms.
The initiative uses blockchain to mirror fund ownership records, with institutional subscriptions processed through BNY's LiquidityDirect and Digital Assets platforms.
The investment firm will gain access to accredited investors through Clearstream’s distribution partner network.
This week’s fund services round-up features TMF Group, Clearstream, Gen II Fund Services, Ultimus, Broadridge, GemLife, Carne Group, CACEIS, and GemCap.
Extension has been actioned to provide firms with more time to test for compliance with the updated form, the SEC says.
Vincent Clause, Euroclear’s global head of FundsPlace Strategy and product development, discusses how the market infrastructure provider is positioning itself at the centre of a rapidly evolving funds landscape.
New service, offered initially to Singapore-based funds, aims to streamline activities across the retail cash and pension fund order and settlement lifecycle.
The securities services arm will support the cross-border pilot with blockchain-based order execution.
Mandate supports Future Growth Capital’s private markets push for UK pension schemes.
Collaboration aims to streamline distribution of alternative investment products through digital platform.
The solution will allow asset managers to access blockchain ecosystems and reach a growing class of investors operating exclusively within these networks.