Custody

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. 

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. 

US public pension appoints provider for global custody, securities lending and accounting services.

Mandate expansion adds administration and reporting services as sustainability-focused strategies continue to scale.