New ISSA report lays out post-trade guidance for digital assets
The report analyses how market participants can issue, settle, safekeep and service crypto assets, as well as laying out a set of recommendations and best practises.
Tag: Digital assets
Utility Settlement Coin: A project the banks can get behind
The Utility Settlement Coin initiative will tokenise fiat currencies on an Ethereum-based blockchain addressing the ‘cash on a ledger’ problem and potentially transforming the post-trade process, and, most importantly, custodian banks are throwing their money behind it, writes Jonathan Watkins.
Digital asset lending platform gears up for early September launch
New lending exchange claims its delivering a ‘critical piece of financial markets infrastructure to the crypto economy’.
CSDs band together to explore tokenisation at ISSA meeting
Meeting of market infrastructures, custodians and CSDs in Paris sets up further exploration into crypto assets and tokenisation leading up to Sibos.
The Secret Source
Open source can accelerate the adoption of new technologies within securities services if education on its benefits and processes improves.
Custodians buying time as tokenised assets look set to take off
Many of the established custodians are remaining on the sidelines to see what exchanges and other market infrastructures will offer for tokenised securities.
BNY Mellon partners with crypto exchange for revolutionary custody model
Custodian teams up with trading venue operator Intercontinental Exchange to set up private key storage.
Market Infrastructure
Vast majority of endowment funds testing crypto investments
A survey conducted by Global Custodian, The TRADE Crypto and BitGo has shown that endowments are investing in crypto-assets and funds, with 94% stating they invested either directly or through a fund in 2018.
Crypto fund admin technology provider rebrands and expands offering
Libra rebrands to Lukka after the Renaissance-era mathematician widely known as the father of modern accounting.
Custody in a digital asset world
Institutional money requires institutional-level custody. Third-party custody of traditional assets is an established and secure service offering, but these services are not readily applicable to digital assets, says Jeanette Turner, chief regulatory officer, Compliance Solutions Strategies.