The platform is designed to help foreign investors, such as asset managers and insurance companies, to set up new investment vehicles in India.
BNP Paribas Securities Services saw revenues increased 12%, in comparison to the second quarter last year, to €596 million.
Following the launch in the UK last year, Citi's Proxymity has processed over $22.5 billion worth of shares during UK shareholder meetings.
BNY Mellon has recruited some of the top tech and innovation experts over recent months as it looks to explore and launch new digital and data opportunities.
Many of the established custodians are remaining on the sidelines to see what exchanges and other market infrastructures will offer for tokenised securities.
The hire is the latest move for BNY Mellon as it looks to identify and launch new opportunities to expand its digital and data capabilities.
The hire is the latest big name addition for BNY Mellon as it continues to build out its digital leadership.
Custodians have highlighted the need to have a single-client view and digitise the account opening process.
The appointments follow the recent addition of an artificial intelligence (AI) and robotics expert from State Street last month.