HSBC approved for Bank of England’s digital sandbox
Bank is the first applicant to be approved for the scheme, and means the firm’s Orion platform can now operate as a digital securities depository.
News
DTCC goes live with landmark tokenisation platform
Service moves beyond trials following industry testing with more than 50 firms including BlackRock, Citi, Goldman Sachs, JP Morgan, Morgan Stanley and State Street.
BNY joins peers with strong Q2 as securities services revenue climbs 15%
Assets under custody/administration (AUC/A) rise to $62.6 trillion – up 5% from the previous quarter.
Northern Trust expands European banking team with four appointments
Appointments across London, Luxembourg and Dublin include hires from State Street, Brown Brothers Harriman and NatWest, alongside an internal move from Northern Trust’s depositary services business.
S&P Global invests in SSImple
Investment targets improvements in SSI data quality, governance and automation across post-trade workflows.
Citi posts 16% increase in Q2 securities services revenue
Growth in assets under custody and administration (AUC/A), alongside new client mandates and expanded ETF servicing capabilities, helped drive a strong second quarter for Citi’s securities services business.
JP Morgan nears $45tn in AUC as securities services revenue rises 17%
Higher market levels, client activity and deposit balances extend the custodian's year-on-year growth streak to 15 quarters.
Deutsche Bank appoints new TSS chief information officer
Experienced executive joins with over 25 years’ senior experience in the financial services space, including stints at Citi and Northern Trust.
HSBC completes first digitally native structured product issuance
Marketnode supported the transaction as tokenisation agent and digital paying agent.
Settlement
Fireside Friday with… Transcend’s Bimal Kadikar
Bimal Kadikar, founder & CEO of Transcend, discusses the firm’s recent Series B investment with 7RIDGE, its expansion into collateral, liquidity and tokenised markets, and how it is building infrastructure to bridge traditional and digital financial ecosystems through optimisation, interoperability and AI-driven capabilities.