The mandate is the latest for State Street as it looks to carve a role in supporting digital asset uptake among institutional investors.
HSBC acted as the arranger bank, custodian and settlement bank for the digital bond issued on the Marketnode platform.
The findings follows a wave of buy-side firms that have expanded into private markets in response to increasing pressure on performance and fees.
Custodian follows month of prioritising ESG capabilities with deal to integrate S&P Global Trucost’s data and analytics capabilities.
Shifts in the sub-custody landscape and reconfiguration of relations along the value chain prompt rethink for industry stalwart.
The remarks by the two custody giant CEOs follow the announcement of several initiatives by the two banks in the digital assets space this year.
Custodian’s front-to-back strategy shift continues to see rewards with a third of mandates relating to Alpha.
After going live last year with Fidelity International as its first client on the InvestOne platform, JP Morgan has since it migrated nine Australian clients.
$1.4 trillion asset manager agrees to use State Street’s front-to-back asset servicing platform as the custodian announces Q1 revenues.
The ETF market is experiencing significant change with the migration of mutual funds to actively managed ETFs, as well as innovation in new product types. Shawn McNinch, global head of ETF product and sales, and Ryan Sullivan, head of US ETF services at BBH, explain how custodians and fund administrators are adapting.