Clearstream is planning to use its involvements in recent DLT projects as a steppingstone to developing its own digitised CSD.
The service coincides with a new Swedish law allowing listed companies to hold General Meetings and for shareholders to cast their vote without having to be physically present.
The head of BNP Paribas Securities Services' innovation lab, who led many of its FinTech collaborations, has departed after 12 years with the French custodian.
The global fund administrator has partnered with New York-based FinTech firm Triple Point to provide an integrated registrar and transfer agency platform.
US asset manager Legg Mason plans to be one of the first adopters of the new ETF model, with BNY Mellon as their ETF service provider.
BNP Paribas is building a new global digital portal where asset managers would be able to access valuable ETF data regardless of their domicile.
The shake-up gives three of BNY Mellon's most senior asset servicing executives new roles to expand product development and client management globally.
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.