RBC to provide custody and fund administration services for Coin Square's new ETFs.
Assets under custody and administration (AuC/A) also jumped 7% for BNY Mellon to $34.5 trillion and 12% for Northern Trust to $10.8 trillion.
The new business known as Fidelity Digital Assets will offer custody and trade execution of cryptocurrencies to institutional investors from 2019.
RBC I&TS is currently two years into a four-year programme of digitally transforming its back- and middle-office services globally.
The appointment rounds off the global restructuring of HSBC's securities services leadership, following the appointment of two new global co-heads for the business.
BNP Paribas has made a number of senior appointments to its Asia-Pacific securities services team in recent months.
New research from State Street shows 78% of institutional investors are optimistic about their own growth prospects in the Middle East.
Kingdom Trust secures insurance for digital assets from Lloyd’s of London held on custody platform.