The platform will allow asset managers to benefit from full straight-through processing and process automation, as well as real-time cash reconciliation.
The major technology overhaul could mirror projects underway at the ASX and HKEX, and is part of a medium-term strategy from owner Deutsche Boerse to develop a digitised CSD.
New solution allows market infrastructure institutions to support tokenised asset classes and drive growth.
The new platform utilises smart contracts and distributed ledger technology, a move that could potentially transform the repo market.
Overwhelming percentage believe digital assets will become dominant over time, while 63% of over 200 survey participants have already begun developing a strategy.
Departing deputy CEO leaves ASX to pursue interests in FinTech and blockchain technology.
It represents the market’s first multi-dealer led, primary issuance registration and settlement of digitally native tokens using public blockchain technology.
Securrency will use the proceeds to develop blockchain-based infrastructure solutions for investors, including the two US banks.
The exercise between Credit Suisse and Nomura's Instinet demonstrated the ability for firms to execute and settle US equities trades conducted throughout the day.
The two firms stated they observed an 84% reduction in trade breaks and a significant reduction in non-value-added reconciliation work through the platform.