BNY reappointed by Malaysian pension fund KWAP as sole global custodian
The custodian has supported the Malaysian public sector pension fund’s international investment programme for more than 15 years.
The custodian has supported the Malaysian public sector pension fund’s international investment programme for more than 15 years.
Transaction will integrate Zodia Custody’s digital asset custody operations into Standard Chartered’s financing and securities services business.
Record fund deposits and elevated settlement activity drove growth, while Russia-related sanctions continued to loom on the business with €38 million in direct costs.
ADGM-anchored collaboration will initially focus on Bitcoin and Ethereum custody, with plans to expand into stablecoins and tokenised real-world assets.
Assets under custody and administration reach €17.5 trillion, supported by higher transaction volumes and mandate growth.
Collaboration focuses on improving data accuracy and reducing settlement risk through automated instruction management.
Collaboration allows use of BlackRock’s BUIDL fund as off-exchange, yield-bearing collateral for institutional trading.
Global Custodian editor Chris Lemmon sits down with Clive Bellows and Guy Gibson, new co-presidents of asset servicing at Northern Trust, to discuss how their complementary backgrounds are helping to drive a more integrated, client-centric approach for the bank’s asset servicing franchise.
Digital asset servicing provider underpins new ETP with digital wallet management.
Ron O’Hanley says the firm is ‘well advanced’ to support clients’ tokenised fund strategies this year.