Digital Asset looks to steam ahead after Blythe Masters, the former CEO and a long-time face of blockchain innovation, stepped down at the end of last year.
HSS's innovation function involved exploring new partnerships with FinTechs and researching the use of new technologies.
IHS Markit expects revenues could reach $462 billion from using blockchain technology across global financial services.
A number of custodians and asset servicing providers have trialled using blockchain platforms to process fund transactions.
ESMA report highlights lack of harmonised definition of safekeeping and record-keeping of ownership of securities at an EU-level.
Supervisory technology (SupTech) is being explored by some regulatory bodies to overcome challenges of divergent reporting models between countries.
New platform will digitalise trading, settlement and distribution of funds through distributed ledger technology.
The Monetary Authority of Singapore and Singapore Exchange developed two Delivery versus Payment capabilities for the settlement of tokenised assets across different blockchain platforms.
Northern Trust launched the first commercial blockchain solution for private equity administration in 2017, and earlier this year won US patents for two additional services on the platform.