The transaction, which allows for on-chain financing of UST against USDC, was executed via Tradeweb and is set to pave the way for 24/7 global trading access to high quality liquidity assets.
Investment supports development of Lise, which has applied for DLT market infrastructure approval under EU pilot regime.
Injection of funds will be used to accelerate go-to-market efforts in pre- and post-trade.
Deal includes TA.Link messaging tool and suite of automation-focused trading apps.
Fund administration giant seeks to bring together issuers, investors, aggregators and distributors on a single-source platform.
Expanded mandate includes full asset servicing, FX support and access to BNY’s ETF platform, representing a major win for BNY in the ETF servicing space.
Standard Chartered backs rollout as ChinaAMC introduces world’s first RMB-denominated tokenised money market fund alongside USD and HKD products.
The custodian has been active in training employees to use internal artificial intelligence platform and now confirms rollout of digital employees as part of its mantra of AI “for everyone, everywhere, for everything”.
Mitsubishi UFJ Trust and Banking Corporation joins as a new investor in the fintech, with new funds to further build out the firm’s tech and geographic reach.
Ron O’Hanley, CEO of State Street highlights strong pipeline and evolving digital asset plans: “We need to be there – first as a servicer, secondly as a bank.”