Sam Riley, chief executive of Clearstream securities services, discusses the potential impact of a digital euro, the consolidation of central securities depositories (CSDs), and how evolving investor expectations are reshaping the securities services sector.
To further accommodate the switch to a shortened settlement cycle, the custodian also made two enhancements to its ETF service model.
Private market specialist’s software and services will be made available to Northern Trust’s asset servicing clients.
This initiative led by Chainlink was conducted in collaboration with Euroclear and Swift, along with UBS, Franklin Templeton, Wellington Management, CACEIS, Vontobel, and Sygnum Bank.
Experts are stressing that the securities services industry must be cautious with new digital technologies to avoid recreating the inefficiencies and fragmentation of traditional finance systems.
The new platform is designed to enable asset servicers to offer asset managers real-time views into their private markets investor, fund and investment data.
Swift is advancing from experimentation to practical application, enabling financial institutions to conduct pilot transactions for settling digital assets and currencies using Swift’s global platform.
Digital Asset follows up collateral tokenisation pilot with demonstration of DLT being used for three new forms of assets in imitative involving custodians and a range of other participants.
As part of its digitalisation strategy focused on both clients and staff, CACEIS has partnered with French fintech Nephelai.
Pilot successfully tests the use of DLT to support market connectivity across the collateral management lifecycle in a bid to enhance mobility, liquidity and transactional efficiency of tokenised assets.