The research explained how, for some firms, most settlement communications still occur through email instead of through secure networks.
The PwC paper outlines by establishing an ICSD link could result in an increase in GDP of $13.4 billion over 10 years.
The settlement was carried out between the CSDs of Kuwait and Morocco using cash coins on the TCS BaNCS Network.
A survey conducted by Global Custodian, The TRADE Crypto and BitGo has shown that endowments are investing in crypto-assets and funds, with 94% stating they invested either directly or through a fund in 2018.
The transaction immediately follows the recent regulatory approval for DTCC to expand the DTCC its sponsored service clearing programme.
The expansion will also change how the service is used, with sponsors now able to let their clients trade with counterparties other than themselves.
Euroclear is working with the US investment bank to develop long-term liquidity initiatives and provide options for existing shareholders to sell their stake.
Evli Fund Management is the first Finnish asset manager to have successfully onboarded its mutual funds onto the Vestima platform.
Nine global custodians are in various stages of testing with the MTU, and GlobalCollateral is in the process of engaging with around 40 other regional custodians.
Eurex now has 28 participants signed up to the repo partnership programme including JP Morgan, Deutsche Bank and Morgan Stanley.