Clarity Act progress halted in US Senate
Motion fell 11 votes short of the 60-vote threshold required, casting fresh uncertainty of the future of US digital asset infrastructure.
News
Deutsche Bank to launch digital asset custody service in Europe
Offering will initially support Bitcoin, Ether and selected stablecoins for institutional and corporate clients in Europe.
CIBC Mellon veteran joins Broadridge as head of Canadian technology and operations
Executive joins from CIBC Mellon as outgoing general manager moves into global sales role within the financial technology provider.
CUBE, IBM partner on AI regulatory monitoring
The collaboration will embed CUBE’s regulatory intelligence into IBM watsonx.governance to help firms monitor AI-related regulatory developments.
Smartstream brings AI assistants into collateral operations
New MCP servers let firms query collateral data and trigger-controlled workflows through AI assistants.
Northern Trust supports Automic’s launch of fund administration and custody platform in Australia
The new platform combines fund administration, custody and investor services for Australian fund managers.
State Street implements securities lending programme for Yuanta Funds
Mandate represents State Street’s first securities lending programme for a retail fund in Taiwan.
BNP Paribas reshuffles digital assets team with senior appointments
Securities services reorganises digital assets department with appointments to head of digital assets and market & client engagement lead roles.
Standing voting instructions promise to increase retail proxy participation
Michael Tae, group president of funds, issuer, and data-driven solutions at Broadridge, explores how standing voting instructions could boost retail proxy participation while preserving shareholder choice and control.
People Moves
State Street senior reshuffle sees new Alpha president, new enterprise COO
Both appointments come from inside the firm, a week after a separate reshuffle of investment services leadership.